Pearson VUE: Casualty Insurance Practice Bundled Exams2024 with 100% correct answers

A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? (i.e. drivers license status) correct answersSuspension of the insured's driver's license An insurance company may deny an employee's claim for Workers Compensation benefits if the e...

S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of th...

Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as correct answersCoverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be d...

S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of th...

Under the social security retirement benefits, all of the following factors will influence how much a retiring individual will receive as a monthly income benefit except the individual's correct answersSex In life insurance, insurance interest must exist at the time the correct answersProducer w...

P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary correct answersB A contract that has as its b...

Which of the following persons may assign a Standard Fire Policy? correct answersA Claims Adjuster Under the standard flood insurance policy, all of the following loss avoidance measures are covered up to $1,000 when damage to the insured property due to flooding is imminent EXCEPT: correct answe...

Which of the following describes insurable interest and indemnity? correct answersBeing in the position where you can stand to lose money should damage occur. All of the following are covered by a personal auto policy except? correct answersInjuries sustained by the insured's employee while ridi...

In this state, a domestic insurer is defined as a company that: A. Operates in this state but is incorporated in another state B. operates in this state but is domiciled in another state C. is headquartered in this state D. is incorporated in this state correct answersD. is incorporated in thi...

Which of the following are the authorities that an agent can hold? correct answersExpress and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? correct answersPermanent partial disability Who is NOT considered an employee in an commerc...

Which of the following describe risk? A) The degree of exposure to loss caused by covered peril B) A certain event that is assured to occur C) An even which is definite to not occur D) An initial amount of loss which the insured must suffer before the insurance company begins to indemnify correc...

The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreeme...

An insurer must provide claim forms to an insured within a MAXIMUM of how many days after receiving notice of an Accident & Health claim? A. Five B. Fifteen C. Twenty D. Thirty correct answersb Under a group health plan, an employer may offer additional benefits to classes of employee...

If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation? correct answersYes, if an agent mistakenly says something untrue about a policy, the company WILL cover the loss b/c the agent legally represents the insurer. The insurer may seek reimburse...