100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
AUTO INSURANCE PRACTICE TEST QUESTIONS AND ANSWERS 100% PASS $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. AUTO INSURANCE
  4.  
  5. AUTO INSURANCE

Exam (elaborations)

AUTO INSURANCE PRACTICE TEST QUESTIONS AND ANSWERS 100% PASS
 0 view  0 purchase
  • Course
  • AUTO INSURANCE
  • Institution
  • AUTO INSURANCE

AUTO INSURANCE PRACTICE TEST QUESTIONS AND ANSWERS 100% PASS What type of coverage is provided by an inland marine policy? - Open or all risk coverage - Inland marine policies have only a few limited exclusions. Any person who transacts insurance without a valid license is: - Guilty of a misdem...

[Show more]

Preview 3 out of 30  pages

Document information

  • December 22, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • auto insurance practice test questions and answers

Written for

  • AUTO INSURANCE
  • AUTO INSURANCE

Seller

avatar-seller
KatelynWhitman

Reviews received

Content preview

1|Page




AUTO INSURANCE PRACTICE TEST QUESTIONS
AND ANSWERS 100% PASS


What type of coverage is provided by an inland marine policy? - ✔✔Open or all risk coverage - Inland

marine policies have only a few limited exclusions.


Any person who transacts insurance without a valid license is: - ✔✔Guilty of a misdemeanor, Subject to a

fine not exceeding $50,000 and/or improsonment, Subject to imprisonment in county jail for a period not

exceeding one year.


For homes subject to the state & defensible space req, the total amount of defensible space req around the

home is - ✔✔100 ft


Notifying the police is a req under which of the following circumstances, as it applies to a personal auto

policy? - ✔✔For hit and run accidents and thefts.


Under a yacht policy, protection and indemnity provides coverage for: - ✔✔Liability if the insured vessel

strikes a marina and injures a dock worker.


Which of the following is a principal rating factor for a personal automonile policy? - ✔✔The number of

miles the drives each year. This is the second principal rating factor that must be used according to the

Code.


The cost to rebuild or replace a home increases for all of the following reasons after a catastrophe such as

tornadoes or wildfire, except: - ✔✔Insurance policy issues - Insurance does not increase the cost to

rebuild after a catastrophe; it just might not be enough to cover all of the increased costs.


Withholding, rather than misstating, a material fact on an insurance application is an act of which of the

following? - ✔✔Concealment


Created by Katelyn Whitman © 2025, All Rights Reserved.

,2|Page


How you would compute the combined ratio is to: - ✔✔Add the loss and expense ratios


Absolute liability is imposed on a risk: - ✔✔When there is negligence whether proven or not


The measure of loss potential which is used for pricing of insurance is known as: - ✔✔An exposure unit


Which part of the policy is said to personalize it? - ✔✔Declarations


According to California Insurance Law, who is legally allowed to cancel an insurance policy? - ✔✔Either

the insured or insurer


When a premium is based solely on an underwriter evaluation of an individual applicants loss potential

this is known as: - ✔✔judgement rating.


What is is about a liability policy that causes the need for inland marine coverage? - ✔✔The exclusion for

care, custody, and control


Which of the following coverages must be offered to all insureds that purchase residential property

insurance policies in CA? - ✔✔Earthquake coverage


The Ca FAIR plan makes it possible for people that are unable to obtain insurance in the voluntary

market to qualify for coverage through this program. Which type of insurance is obtained through the

Fair Plan? - ✔✔Real and personal property at a fixed location in areas designated


In order for a rate to remain in effect it must be: - ✔✔Reasonable, not excessive: Adequate, not

inadeqaute: Equitable, not unfairly discriminatory


Which of the following events may be covered by insurance? - ✔✔Owning a home - This is a pure risk

and only pure risk can be insured


A type of auto insurance that car owners can buy to protect themselves againts lossess that can arise

when the amont of compensation received from a total loss does not fully cover the amount the insured

owes on the vehicle financing or lease agreement would be: - ✔✔Gap insurance

Created by Katelyn Whitman © 2025, All Rights Reserved.

, 3|Page


An all risk or open peril policy: - ✔✔Protects against any peril except those specifically excluded


An insured duties after a loss are described in the homeowners Section 1 conditions, The incorrect

statement concerning the insured duties would be? the insured must - ✔✔Submit to questions under oath

while not in the presenc of any other insured. (This question has two possible incorrect answers so you

have to determine which is most incorrect. The insured must protect property always, but must submit to

examination under oath only if the insurer requests it.)


The physical dmg insuring agreement of a personla auto policy would cover which of the following? -

✔✔Loss of a CD player installed in the vehicle dashboard.


Which of the following would not be a proper way to evaluate a potential client insurance needs? -

✔✔Obtain a copy of the current insurance policy and coverages.


All property owners in the State of Ca wishing to purchased flood insurance may: - ✔✔Not all property

owners may purchased a floos.


All of the following are covered property under HO policy except - ✔✔Hovercraft


All of the following are considered intentional torts except; - ✔✔Ownership of a wild animal


A written provision that modifies the provisions of the original contract is known as - ✔✔an endorsement


Boatowners liability policies typically exclude: - ✔✔Contractual liability


If the insurer cancels a 1 year(annual) policy effective 3 months after the policy's inception date: - ✔✔The

insured receives a refund in the amount of 75% of the annual premium.


Under a standard (ISO) Homeonwers HO 3 real property and personal property are covered for the perils

of: - ✔✔All risk - coverage applies to real property, broad form named perils coverage applies to personal

property(Odd numbers HO 3 and HO 5 cover structures(real property) open peril which is also known as




Created by Katelyn Whitman © 2025, All Rights Reserved.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 KatelynWhitman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
Add to cart
Added