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P&C Comprehensive top Exam Questions and answers, 100% Accurate, rated A

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P&C Comprehensive top Exam Questions and answers, 100% Accurate, rated A Which of the following is defined as the failure to act in a reasonable and prudent manner? - -Negligence Under the Worker's Compensation policy, physical therapy benefits are a type of: - -Rehabilitation Benefit Th...

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  • February 3, 2023
  • 15
  • 2022/2023
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P&C Comprehensive top Exam
Questions and answers, 100% Accurate,
rated A

Which of the following is defined as the failure to act in a reasonable and prudent manner? - ✔✔-
Negligence



Under the Worker's Compensation policy, physical therapy benefits are a type of: - ✔✔-Rehabilitation
Benefit



The loss of property when the cause of loss is not known is considered: - ✔✔-Mysterious Didappearance



Which type of risk involves the possibility of loss or gain? - ✔✔-Speculative



S carries a Personal Auto Policy with Liability limits of 50/100/25. What is the maximum the policy will
pay if S struck another vehicle causing injury to the occupants as follows: Driver - $70,000; Passenger 1-
$30,000; Passenger 2-$50,000 and property damage to the other vehicle - $20,000? - ✔✔-$120,000



Which statement concerning the Dwelling Special Form (DP-3) is true? - ✔✔-The dwelling and other
structures are provided open perils coverage on a replacement cost basis



Which term describes the situation that occurs when two policies covering the same property contain
different policy periods? - ✔✔-Nonconcurrency



Which statement is true regarding inspections and surveys under the BOP? - ✔✔-The insurer has the
right, but is not obligated to make inspections and surveys at any time



Under the dwelling policy, household and personal property, including property in transit between the
insured's old and new residences, are covered under: - ✔✔-Coverage C

, Employees NOT exempted from Workers' Compensation is: - ✔✔-Part-Time Employees



Which statement is correct regarding the Supplemental Extended Reporting Period? - ✔✔-The premium
is a one time charge and fully earned at issuance



While driving in another state with higher coverage requirements, which of the following sections of the
PAP automatically provides the required coverage? - ✔✔-Out of State Coverage



The shifting of risk of loss to another party is known as which of the following? - ✔✔-Risk Transfer



Which of the following perils is not covered under the Extended Coverage Endorsement to the DP-1? -
✔✔-Weight of ice, snow or sleet



Choose the claim that is not covered under the Dwelling Broad Form (DP-2) - ✔✔-Theft of personal
property at the insured premises



The predictability of loss improves when the number of similar units increase because of which
principle? - ✔✔-The law of large numbers



Medical payments under Section II of the Homeowners Policy would covet all of the following, except: -
✔✔-Loss of Income of an Injured Person



An insured has a homeowners broad form with a $200,000 limit on the dwelling and the standard
deductible, if the insured's $2500 boat and trailer are stolen from his driveway, what is the most the
insured will collect from the policy? - ✔✔-$1250



Which of the following involves vicarious liability? - ✔✔-Employer and Employee



Which type of liability limit applies to Medical Payments coverage? - ✔✔-Per person

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