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NC PROP & CASUALTY PRACTICE EXAM 2024/2025 already graded A+
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NC PROP & CASUALTY PRACTICE EXAM 2024/2025 already graded A+
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NC PROP & CASUALTY PRACTICE EXAMEach of the following is a category of accidents under the Safe Driver Incentive Plan Except: -
ANSA. Modest
In the Businessowners Policy coverage may be extended to include all of the following except: -
ANSat a leased premises
Jane's Sister. Maggie, who lives with Jane and just sold her car to a party. On the way home
Maggie loses of the car, hit a parked car and dies from her injuries. What coverage will
reimburse Jane for Maggie's funeral expenses - ANSMedical payments coverage
Which of the following forms is NOT eligible to be written as part of Commercial Package Policy
- ANSDwelling property coverage forms
Violation of cease and desist order in connection with the Insurance Information and Privacy Act
carries a penalty for all of the following except - ANSinprisionment for up to 1 year
A person becomes seriously ill after eating unrefrigerated raw oysters from a street vendor.
When the vendor is sued for negligence, what defense might be best to used - ANSAssumption
of risk
An insurer is not required to send a written termination notice when the pokcy terminate dunless
- ANSthe insured has failed to notify the insurer in writing that he wishes to renew the policy
how would a lose be adjusted under a homeowners policy with an insurance-to-value clause if a
homeowner failed to carry coverage of at least 80% of the replace cost of the home -
ANSPayment of the actual cash value or proportionalshare of the loss, whichever is greater
In general, insurance requires insurance rates to be adequate, not excessive, and not unfairly
discriminatory. The best reason for such regulation is to keep rates - ANShigh enough to cover
loss costs
Which of the policy provisions restricts certain risks from coverage - ANSexclusions
two personal auto policies cover one vehicle. Company A's limit of liability is $100,000 and
Company B's limit of liability is $300,000. How much will company A pay for a liability loss in the
event of an accident when the damages total $100,000 - ANS25,000
Under CGL form, insured contracts include all of the following Except: - ANSassumption of an
artitect's liability for any injury or damage arising out of the insured's rendering or failure to
render professional services
, What is the standard deductible on a businessowners policy? - ANS$500
A willful violation of the state's credit property insurance regulation could result in a fine up to -
ANS5,000
in the commercial crime forms, the definition of theft does NOT include - ANSmysterious
disapperance
Coverage under the Motor Vehicle Reinsurance Facility may be terminated for each of the
following reason - ANS1) insured is no longer a resident of NC
2)nonpayment of premium
3)the producer and company have terminated their contract.
When an insurer requires written proof of loss after notice, the company must furnish blank to
be used for that purpose within - ANS15 days
Robert wants to open perils coverage on his dwelling and named perils coverage for his
personal property. Which homeowners form should he choose - ANSHO-3
A dwelling policy can insure all of the following types of personal property except - ANSsailboats
The Motor Carrier Act of 1980 mandated that trucking operators file prrof of pollution liability.
These financial responsibilities apply to 3 types of freight transports. Which of the following is
NOT a type of eligible trandsport - ANSPrivate trasnporation of nonhazardous property in
foreign commerce valued at no less than $750,000
Max and Sam are neighbors who got into an argument over the placement of their common
property line. The argument became a fight which Sam's nose is broken. Sam sues Max for his
medical expenses. How will max's homeowner's policy respond to this loss? - ANSThe insurer
will deny the claim because of the intentional injury exclusion
The limit of liability under dwelling under construction endorsement is provisional. If a loss
occurs, the amount paid will be based on the: - ANSvalue of the partially completed home
The NC Insurance Underwriting Association is responsible for - ANShigh-risk property insurance
in beach and coastal areas
Workers comp coverage in NC includes all of the following except - ANSvocational rehabilitation
Which one of the following is NOT a use of auto symbols in the commercial auto policy? - ANSto
determine which rating territory applies to the covered auto
What is the financial responsibility limits in NC arw - ANS30/60/25
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