Exam (elaborations)
LA Personal Lines Exam Questions And verified Answers
- Course
- Institution
LA Personal Lines Exam Questions And verified Answers ...
[Show more]
Content preview
LA Personal Lines Exam Questions And verifiedAnswers 2024-2025
What type of limit applies to the amount of coverage on the insured's property at any one
location? -Answer Blanket
A loss which is not anticipated or foreseen at a particular time and place is -Answer an
accident
Under general practice, can the Commissioner of Insurance examine the company or
agency business records for whatever valid reason? -Answer Yes, because of the
powers defined by state laws
Mutual companies are owned by which of the following? - Answer Policyowners
Any of the following may be an unfair claims practice EXCEPT: - Answer Refusing to pay
person bringing false or fraudulent claims
An HO-4 can be issued by which of the following? - Answer A non-owner tenant of an
apartment.
Damage caused by more than one peril at the same time is - Answer a concurrent
causation
The broad theft coverage endorsement on a dwelling policy covers all of the following
EXCEPT: - Answer a personal injury
All of the following would be covered under Coverage A of a dwelling policy EXCEPT -
Answer an outbuilding on the described remises that is rented as a private garage.
, Under a homeowners policy, which of the following is NOT covered by personal injury
coverage? - Answer Medical expenses of the insured.
Which is NOT covered other-than-collison coverage on an automobile policy? - Answer
Rollover
Under the law of agency, which of the following is the principal? - Answer the Insurer
A subrogation clause allows an insurer to - Answer sue the responsible third party
PRIMARY purpose of the Fair Credit Reporting Act is to - Answer protect consumers
with guidelines regarding credit reporting and distribution
Under automobile medical payments, the Insurer pays reasonable expenses for -
Answer Funeral services
Under uninsured motorist coverage, which of the following does NOT cover the insured
for bodily injury as a result of an accident - Answer An accident caused by the insured.
The owner of a home that was built in 1850 wants to purchase insurance. This home has
hand carven crown molding banisters. For what type of home would be the primary
client? - HO-8
The "Other Insurance" condition of the dwelling fire policy provides that in the event of a
loss - the entire loss will be paid
Underinsured motorist coverage ONLY APPLIES WHEN the - Answer driver of the
vehicle that caused the accident has insufficient liability limits that are lower than the
underinsured motorist coverage on the non-negligent driver.
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 Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now