Exam (elaborations)
Nevada Insurance Exam Practice With complete solution | RATED A+
- Course
- Institution
Nevada Insurance Exam Practice With complete solution | RATED A+
[Show more]
Content preview
Nevada Insurance Exam Practice Withcomplete solution | RATED A+
Which of the following is NOT the consideration in a policy?
ii ii ii ii ii ii ii ii ii ii
A) The application given to a prospective insured
ii ii ii ii ii ii ii ii
B) Something of value exchanged between parties
ii ii ii ii ii ii ii
C) The premium amount paid at the time of application
ii ii ii ii ii ii ii ii ii
D) The promise to pay covered losses - A) The application given to a prospective insured
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Consideration is something of value that is transferred between the two parties to form a ii ii ii ii ii ii ii ii ii ii ii ii ii ii
legal contract.
ii ii
In the personal auto policy, owned trailers being towed by an insured auto are
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
automatically covered for...
ii ii ii
A)Collision coverage ii
B)Uninsured motorist coverage ii ii
C)Towing coverage ii
D)Comprehensive (other-than-collision) coverage. - B) Uninsured motorist coverage ii ii ii ii ii ii ii ii ii ii
Trailers, while being towed by an insured auto, are covered automatically for bodily injury
ii ii ii ii ii ii ii ii ii ii ii ii ii
(BI), property damaged (PD), and uninsured motorist (U/M) under part A of a personal auto
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
policy
ii
Which of the following types of property would be covered in homeowners' coverage
ii ii ii ii ii ii ii ii ii ii ii ii ii
forms?
ii
A) Structures rented to others who are not tenants of the dwelling
ii ii ii ii ii ii ii ii ii ii ii
B) Animals, birds, or fish
ii ii ii ii
C) Landlord furnishings in an on-premises apartment
ii ii ii ii ii ii
D) Structures used for business purposes - C) Landlord furnishings in an on-premises
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
apartment
ii
Landlord furnishing in an on-premises apartment are covered for up to $2,500. All the other
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
types of property would be excluded from coverage under homeowners forms.
ii ii ii ii ii ii ii ii ii ii ii
An insured is driving her automobile and strikes a large pothole that causes a flat tire.
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Which coverage of the insured's personal auto policy will pay for the repair?
ii ii ii ii ii ii ii ii ii ii ii ii ii
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 STUVATE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now