Property and Casualty Insurance Licensing Exam Questions and answers, 100% Approved predictor Quizzes.
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Property and Casualty Insurance
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Property And Casualty Insurance
Property and Casualty Insurance Licensing Exam Questions and answers, 100% Approved predictor Quizzes.
To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - -An Other Insurance Clause
Collision coverage of an auto policy covers:
a) road damage to ...
property and casualty insurance licensing exam questions and answers
100 approved predictor quizzes to prevent recovery beyond the amount of the insureds actual loss
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Property and Casualty Insurance
Licensing Exam Questions and answers,
100% Approved predictor Quizzes.
To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - ✔✔-An
Other Insurance Clause
Collision coverage of an auto policy covers:
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects - ✔✔-B) upset of the vehicle
The maximum amount of payable for all losses resulting from one event is known as the:
a) occurrence limit
b) aggregate limit - ✔✔-a) occurrence limit
Which of the following is a cause of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form - ✔✔-d) Basic form
The minimum flood deductible is:
a) $100
b) $250
,c) $500
d) $1000 - ✔✔-c) $500
The insured intentionally did not inform the insurer that the insured owned only 35% of the property.
The insurer can void the policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment - ✔✔-d) concealment
Which of the following is NOT a defense against negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
d) assumption of risk - ✔✔-c) presumption of negligence
The presumed authority necessary to carry out the producer's routine tasks is known as:
a) expressed authority
b) implied authority - ✔✔-b) implied authority
Which of the following statements regarding the Towing and Labor endorsement is false?
a) it will pay to the limit stated in the endorsement each time a covered vehicle is disabled
b) there is no coverage for roadside labor costs
c) there is no deductible
d) none of the above - ✔✔-b) there is no coverage for roadside labor costs
A licensee may violate federal law and be subject to a fine and prison for doing which of the following?
a) selling insurance w/ a nonresident license
b) sending threatening letters to the state insurance regulator
, c) fraudulently telling an insured a claim isn't covered on the policy
d) murdering an applicant - ✔✔-b) sending threatening letters to the state insurance regulator
Which of the following is not an insured location for liability coverage under the homeowners policy?
a) a restaurant party room the insured has rented for a business meeting
b) the insured's cemetery plot
c) a restaurant party room the insured has rented for a birthday party
d) vacant land owned by the insured - ✔✔-a) a restaurant party room the insured has rented for a
business meeting
Special covers each of the following EXCEPT:
a) theft
b) mysterious disappearance
c) Acts of God
d) floods and earthquakes - ✔✔-d) floods and earthquakes
Sam has underinsured motorist coverage with limits of $100/$300. Sam is injured by Quincy who has
limits of $50/$100. Sam's injuries are valued at $125,000. Sam's underinsured motorist coverage will
pay;
a) $25,000
b) $50,000
c) $75,000
d) $125,000 - ✔✔-b) $50,000
The contract agreement may be referred as the:
a) legal interest test
b) good faith
c) meeting of the minds
d) promise of indemnification - ✔✔-c) meeting of the minds
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