WV P&C Insurance Exam Study Questions and answers, Top Examinable.
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WV P&C Insurance
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WV P&C Insurance
WV P&C Insurance Exam Study Questions and answers, Top Examinable.
The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy. Which of the following symbols must be indicated on the declarations page of the policy for physical damage coverage to apply? ...
wv pampc insurance exam study questions and answers
top examinable the insured auto dealer has opted to include part iv garage physical damage coverage to her policy which of the following sym
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WV P&C Insurance Exam Study
Questions and answers, Top
Examinable.
The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy.
Which of the following symbols must be indicated on the declarations page of the policy for physical
damage coverage to apply? - ✔✔-Symbol 31
What is the West Virginia individual agent/producer license fee? - ✔✔-$50
Under a commercial property policy, all of the following types of outdoor property are covered under
the additional coverage for collapse if they are damaged directly by the collapsed building, except
A. A satellite dish.
B. Awnings, gutters and downspouts.
C. A septic system for the insured commercial building.
D. A fence around the building. - ✔✔-C. A septic system for the insured commercial building.
Which of the following is not a mobile equipment under the business auto policy?
A. A self propelled vehicle was permanently attached street cleaning appointment.
B. A caterpillar tractor.
C. A forklift.
D. And electric powered cart used solely for transportation within a large warehouse. - ✔✔-A. A self
propelled vehicle with permanently attached street cleaning equipment.
Gavin, the named insured under a personal auto policy, his daughter Tabatha, and two of her friends are
riding in the covered auto when Gavin accidentally runs a stop sign, striking another vehicle. Everyone in
Gavin's vehicle was injured as well as the driver and two passengers in the other car. How long do
,Tabatha's friends have to submit their medical expense claims for coverage under part B of Gavin
standardized personal auto policy?
A. Within six months of the date of the accident.
B. Within two years of the date of the accident.
C. Within three years of the date of the accident.
D. Within 18 months of the date of the accident. - ✔✔-C. Within three years of the date of the accident.
What type of bond is required when a person dies without leaving a will?
A. Surety bond
B. Fidelity bond
C. Administrators bond
D. A state bond. - ✔✔-C. Administrators bond.
Which of the following would be considered vacant on in an endorsed commercial property policy?
A. A building which is 25% vacant.
B. A leased building in which less than 31% of the building is occupied
C. A retail store located in a shopping mall which closed and has been completely vacant for 45 days.
D. A building his utilities were turned off 31 days ago. - ✔✔-B. A leased building and watch less than 31%
of the building is occupied.
In order for a claim to be a products claim, which of the following must be satisfied?
A. Injury sustained must have occurred on the insurance premises.
B. The insured in most cases must have relinquished possession of the product to be the purchaser.
C. A single limit of liability must be provided.
D. And employee injury must have occurred. - ✔✔-B. The insured in most cases must have relinquished
possession of the product to be the purchaser.
,The chief deputy of the county auditors steals $2.5 million from the county and gambles it away. What
bond if any would The county need to have in place in order to try and recoup this loss?
A. Employee dishonesty.
B. Blanket public official bond.
C. Fiduciary bond.
D. Extortion commercial entities. - ✔✔-B. A blanket public official bond.
A business covered by a standard business owners policy is shut down due to the acts of a civil authority.
Which of the following additional coverages would not be subject to a waiting period before coverage
would apply?
A. Business income.
B. Extra expense
C. Extended business income
D. Business income from dependent properties. - ✔✔-B. Extra expense.
The doctrine that states an insurance policy should provide the coverage that is a sensible and prudent
person would expect is
A. The reasonable expectation doctrine.
B. The applied principles doctrine C. The ambiguous language doctrine
D. The limited liability doctrine - ✔✔-A. The reasonable expectation doctrine.
All of the following would be covered under a builders risk policy, except
A. Prospective buyer.
B. Contractor
C. Owner
D. Subcontractor - ✔✔-a prospective buyer
Under a mobile home owners package policy, how is the mobile home itself covered in case of a total
loss?
, A. On a purchase price basis
B. On an actual cash value basis
C. On a replacement cost basis
D. On a stated amount basis. - ✔✔-C. I don't replacement cost basis
A guest on vacation deposit cash and travelers checks in the hotel safe deposit box located behind the
front desk. When they guessed a tamps to retrieve them, the box is empty. What coverage is required to
cover this loss for the hotel?
A. Funds transfer fraud
B. Save depository
C. Guests property
D. Kidnap ransom extortion. - ✔✔-C. Guests property.
Which of the following is generally not considered to be a legal defense against claims of negligence?
A. The relevant statute of limitations for filing a lawsuit has expired
B. The loss of the plaintiff was caused intentionally by the defense C. A state law give specific community
from the liability to the defend it
D. And intervening causes was the proximate cause of the plaintiffs injury rather than the defendants
action or in action. - ✔✔-B. The loss of the plaintiff was caused intentionally by the defense.
A homeowner moves into her new house built by a contractor. Shortly after moving in, the roof leaks
and damage is the contents inside the home. What coverage with a contractor Carey that could respond
to cover some of this claim?
A. Completed operations coverage B. Operations coverage
C. Contractual coverage
D. Personal injury coverage. - ✔✔-A. Completed operations coverage
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