PSI PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED 2024
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PSI PROPERTY AND CASUALTY
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PSI PROPERTY AND CASUALTY
PSI PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED 2024
Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines?
-Employer liability
-Exclusive reme...
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PSI PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS
WITH COMPLETE SOLUTIONS VERIFIED 2024
Employees are barred from suing employers in court to obtain compensation for
injuries covered by workers' compensation because of which of the following
doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance
Exclusive Remedy
Which of the following would trigger coverage under business income form with
extra expense coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
-Building inspectors fees after a loss
-Unit rent when tenant is liable
Carpet Cleaning after a water main break
All of the following would be considered an insured person under Part A of a
personal automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that they share
liability with the insured person.
-Anyone using the insured's car with the insured's permission or the reasonable
belief that they are entitled to do so.
-The named insured and members of the insured's family for the ownership,
maintenance and use of any auto or trailer.
,-Other persons or organizations for their liability from an accident involving an
auto or trailer used by the insured but owned by that person or organization.
Other persons or organizations for their liability from an accident involving an auto or
trailer used by the insured but owned by that person or organization.
A DP-2 policy covers all of the following EXCEPT:
-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
-accidental discharge of steam from a plumbing system.
damage to awnings from weight and snow
An extended reporting period attached to a general liability policy provides
coverage in which of the following ways?
-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms.
It provides coverage for claims made outside the policy term.
Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
-Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims
Installing a fire hose system on every floor of a building
Which of the following persons is covered for accidental injury on the insured's
premises under the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
, -person injured in warfare
-a volunteer worker
a volunteer worker
Which Homeowner Form covers fixtures, installations, and improvements made
or acquired at the insured's expense?
HO-6
HO-5
HO-4
HO-2
HO-4
Which policy condition is invoked when parties to an insured loss cannot agree?
-Arbitration
-Assignment
-Liberalization
-Subrogation
Arbitration
Mobile homes can be insured in all of the following ways EXCEPT:
-With a HO-8 Modified Coverage form.
-On a separate mobile homeowners package policy.
-With a DP-1 if the mobile home is on a foundation.
-On a mobile homeowners endorsement to a HO-3 form.
With a HO-8 Modified Coverage form.
Workers' compensation coverage is rated on the basis of which of the following?
-Employer's payroll
-Employee's earnings
-Employer's gross claims
-Employer's years in business
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