Pearson VUE: Casualty Insurance Practice Exam Latest/ Q&A.
14 views 0 purchase
Course
Pearson VUE: Casualty Insurance
Institution
Pearson VUE: Casualty Insurance
Pearson VUE: Casualty Insurance Practice Exam Latest/ Q&A. Terms
A policyholder would expect to find which of the following information in the Insuring Agreement section of an auto policy?
A. Bodily Injury limits of liability
B. The insurance company's promise to pay on the behalf of the ...
Pearson VUE: Casualty Insurance Practice
Exam Latest/ Q&A.
A policyholder would expect to find which of the following information in the
Insuring Agreement section of an auto policy?
A. Bodily Injury limits of liability
B. The insurance company's promise to pay on the behalf of the insured
C. Exclusions regarding certain uses of the auto
D. The obligations of the insured in the event of a loss - Answer: B
Products Liability coverage would insure damages that arise from which of the
following situations?
A. A manufacturer is required to recall a defective product.
B. A contractor installs inferior-grade siding on a building.
Page 1 of 18
,C. A customer receives an electrical shock from a curling iron during an in-store
demonstration.
D. A bicycle rider is injured when a wheel malfunctions. - Answer: D
Which of the following sections of an insurance policy would explain the term
"auto" ?
A. Declarations
B. Definitions
C. Insuring agreement
D. Obligations of the insurance company - Answer: B
A business insured under a Commercial General Liability policy has a General
Aggregate limit of $1,000,000 and an Occurrence limit of $100,000. An injured
party is awarded $100,000. What limits will remain available to the insured?
A. General Aggregate of $1,000,000; Occurrence limit of $100,000
B. General Aggregate of $900,000; Occurrence limit of $100,000
C. General Aggregate of $1,000,000; Occurrence limit of $0
D. General Aggregate of $900,000; Occurrence limit of $0 - Answer: B
In insurance, all of the following losses are examples of pure risk EXCEPT:
A. auto accident
Page 2 of 18
, B. flood damage to a home
C. decline of stock values on the stock market
D. fire damage to a building - Answer: C
In an application for marine insurance, a yacht owner states that the yacht will
only be sailed on inland waters. If the insured subsequently sails the yacht on the
seas, coverage may be denied because the insured has breached:
A. the Inchmaree clause
B. the policy clause
C. a representation
D. a warranty - Answer: D
An insured is required to take which of the following actions immediately after an
occurence?
A. Request a subrogation statement from the producer
B. Give notice of claim to the insurance company
C. Notify an independent adjuster
D. Obtain a written report from the police department - Answer: B
The act of intentionally withholding from an insurance application a fact that
would affect issuance of the policy is referred to as:
A. concealment
Page 3 of 18
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Benzo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.69. You're not tied to anything after your purchase.
