100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
PSI PRACTICE EXAM PERSONAL LINES BROKER-AGENT 60 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PSI
  4.  
  5. PSI
  6.  
  7. PSI

Exam (elaborations)

PSI PRACTICE EXAM PERSONAL LINES BROKER-AGENT 60 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

 4 views  0 purchase
  • Course
  • PSI
  • Institution
  • PSI

PSI PRACTICE EXAM PERSONAL LINES BROKER-AGENT 60 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Preview 2 out of 7  pages

Document information

  • June 23, 2024
  • 7
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • psi practice exam personal lines broker agent 60

Written for

  • PSI
  • PSI
  • PSI
All documents for this subject (1082)

Seller

avatar-seller
Hkane

Reviews received

Content preview

PSI PRACTICE EXAM PERSONAL LINES
BROKER-AGENT 60
WHEN AN AGENT TRIES TO CONVINCE A POLICYHOLDER TO REPLACE
AN EXISTING POLICY TO BUY ANOTHER ONE, WHAT ARE THEY
PRACTICING? - CORRECT ANSWER-MISREPRESENTATION

WHICH OF THE FOLLOWING IS A FORM OF INSURANCE COMPANY
ORGANIZATION THAT CONSISTS OF MEMBERS WHO SHARE LOSSES
WITH EACH OTHER? - CORRECT ANSWER-RECIPROCAL

WHAT POLICY PROVISION SPECIFIES A CERTAIN VALUE THAT WILL MEET
THE COINSURANCE REQUIREMENT? - CORRECT ANSWER-AGREED
VALUE

ALL OF THE FOLLOWING ARE CORRECT FOR EXCESS LINES CARRIERS
EXCEPT - CORRECT ANSWER-THEY OFFER BETTER CONTRACTS AT
LOWER RATES.

HOW MANY BUSINESS DAYS DOES A BUSINESS HAVE TO HONOR A
REQUESTED EMAIL OPT-OUT ACCORDING TO THE 2003 CAN-SPAM, ACT?
- CORRECT ANSWER-10

WHICH OF THE FOLLOWING IS ONE OF THE OBJECTIVES OF THE
TERRORISM RISK INSURANCE ACT OF 2002? - CORRECT ANSWER-IT
LIMITS THE EXPOSURE OF INDIVIDUAL INSURERS AND THE INSURANCE
INDUSTRY AS A WHOLE.

ALL OF THE FOLLOWING ARE EXAMPLES OF CONDUCT OF AN AGENT
THAT IS REGULATED BY DEPARTMENT OF INSURANCE EXCEPT -
CORRECT ANSWER-MISAPPROPRIATION OR CONVERSION OF FUNDS BY
AN INSURANCE AGENT

THE GRAMM-LEACH-BLILEY ACT WAS ENACTED TO PROTECT
CONSUMER'S RIGHT TO PRIVACY AND MADE MANDATORY WHICH OF

, THE FOLLOWING? - CORRECT ANSWER-FINANCIAL INSTITUTIONS MUST
HAVE A PRIVACY POLICY IN PLACE

WHICH OF THE FOLLOWING IS EXEMPT FROM THE TELEMARKETING
SALES RULE THAT ESTABLISHED THE NATIONAL DO NOT CALL
REGISTRY? - CORRECT ANSWER-CALLS FROM OR ON BEHALF OF
POLITICAL CAMPAIGNS OR ORGANIZATIONS AND CHARITIES.

THE FAIR CREDIT REPORTING ACT PERMITS CONSUMER REPORTING
AGENCIES TO INCLUDE APPLICANT INFORMATION ABOUT
BANKRUPTCIES MORE THAN 10 YEARS OLD UNDER WHICH OF THE
FOLLOWING CIRCUMSTANCES: - CORRECT ANSWER-THE APPLICANT IS
SEEKING A TRANSACTION GREATER THAN $150,000.

WHAT IS AN EXAMPLE OF DIRECT LOSS? - CORRECT ANSWER-A HOUSE
BEING DAMAGED IN A SEVERE WINDSTORM.

WHICH OF THE FOLLOWING TYPES OF CRIME BEST DESCRIBE THE
UNLAWFUL ACT OF TAKING PROPERTY FROM THE CARE AND CUSTODY
OF ANOTHER PERSON WHILE THREATENING TO CAUSE BODILY HARM? -
CORRECT ANSWER-ROBBERY

ALL THE FOLLOWING DEMONSTRATE INSURABLE INTEREST EXCEPT? -
CORRECT ANSWER-INSURING AN ENGAGEMENT RING GIVEN TO A
FIANCEE.

ALL THE FOLLOWING ARE TRUE REGARDING BINDERS EXCEPT: -
CORRECT ANSWER-A BINDER GUARENTEES THAT A POLICY WILL BE
ISSUED.

ALL OF THE FOLLOWING ARE USED TO ESTABLISH NEGLIGENCE
EXCEPT: - CORRECT ANSWER-COST OF DAMAGES

THE INSURED PURCHASED A CAR FOR %40,000 AND ADDED $5,000 IN
INSURED MODIFICATIONS. FOUR YEARS LATER IT IS WORTH $24,000
WHEN IT WAS TOTALED IN A CRASH. ACCORDING TO THE PRINCIPLE OF

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Hkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart