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prometric practice test 2023/2024 already graded A+
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prometric practice test 2023/2024 already graded A+
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prometric practice testMonetary damages awarded to an injured party must be based on all of the following elements
EXCEPT:
a. Damages as the proximate result
b Negligence
c. Available insurance
d. A legal duty owed - ANSc
The risk of financial loss that an individual faces illustrates the principle of:
a. Indemnity
b. Limit of recovery
c. Subrogation
d. Insurable interest - ANSd
Under a Homeowners Policy, the insured location includes all of the following EXCEPT:
a. A cemetery plot
b. A secondary location used by the insured for a business
c. Vacant land on which the insured plans to build a house
d. A motel room in which the insured is residing temporarily - ANSb
If Policy A states that it will pay after payment by other applicable policies, Policy A is:
a. Excess
b. Primary
c. Pro rata
d. Reinsurance - ANSa
The Coverage A limit for a dwelling under construction is the:
a. Actual cash value on the date of completion
b. Actual cash value at specified periods during construction
c. Average value during the period of construction
d. Replacement cost on the date of completion - ANSa
A licensed producer or agent may receive commission compensation for all of the following
services EXCEPT:
a. Negotiation of any insurance contract
b. Procurement of any insurance contract
c. Acting as a consultant to provide insurance advice
d. Adjustment of claims arising from insurance contracts - ANSc
An insurer typically will grant its producers or agents the authority to:
a. Waive policy exclusions
, b. Reject insurance risks
c. Modify policy conditions
d. Select applicants - ANSd
Under the Homeowners HO-2 Policy, all of the following are covered EXCEPT:
a. Dwelling
b. Contents
c. Personal liability
d. Farm outbuildings - ANSd
An unendorsed liability insurance policy provides coverage for:
a. Criminal actions
b. Unintentional torts
c. Intentional torts
d. Moral obligations - ANSb
Under the other structures coverage of the Broad Form Dwelling Policy, all of the following are
true EXCEPT:
a. It provides a 10% extension of coverage.
b. It provides coverage for a tool shed.
c. It does not provide an additional amount of insurance.
d. It covers a private garage rented for storage of a car. - ANSc
All of the following are true about the limit of insurance in an unendorsed property insurance
policy EXCEPT:
a. It can be increased by attaching an endorsement.
b. The insured can expect additional limits automatically upon purchasing a second property.
c. The insurer will normally not pay more than the stated limit.
d. There are special limits of insurance on some types of property. - ANSb
A driver of a vehicle failed to stop for a red light and hit a light pole but did not hit a nearby
vehicle. Which element of negligence is missing for legal action to be taken by the driver of the
nearby vehicle?
a. Legal duty
b. Failure to meet the standard of care
c. Proximate cause
d. Actual damage - ANSd
A Basic Form Dwelling Policy provides:
a. Coverage on a named peril basis
b. Liability coverage for damage caused by the insured
c. Additional living expenses
d. Recovery on a replacement cost basis - ANSa
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