Package deal Pearson vue Texas life and health insurance test Pearson VUE: Casualty Insurance Practice Exam 2024/2025 |QUESTIONS & ANSWERS| already graded A (COMPLETE BUNDLE)

1. 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 ANS Sex 2. In life insurance, insurance interest must exist at the time the ANS Producer writes an applica...

1. If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation ANS Yes, 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 reimbursement fro...

1. An individual may obtain a temporary insurance producer's license without passing the licensing examination if the individual: A. is a deceased licensed producer's next of kin A. is a deceased licensed producer's next of kin B.is taking insurance courses at a university B. is taking insuran...

1. S is purchasing a Commercial Property policy to cover a commercial build- ing 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 ...

1. "The chance that a person or business entity will suffer a financial loss" defines: A. gambling B.loss exposure C.risk D.speculative risk ANS : C 2. "Actual physical destruction of insured property" defines A.direct loss B.indirect loss C.peril D.vandalism ANS : A 3. Loose tiles hangin...

1. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determi...

1. 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 agre...

1. Who is obligated to make sure all questions are answered and all necessary signatures are collected on the application ANS The Agent 2. An underwriter is reviewing an applicant with an extensive medical history. Which of the following would give the underwriter a better understanding of how the...

1. An insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy expiration date C. Giving written notice to the insurance company D. Informing the producer by telephone ANS : C 2. In ins...

1. Which of the following are the authorities that an agent can hold ANS Express and implied 2. Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight ANS Permanent partial disability 3. Who is NOT considered an employee in an commercial general liabi...