EXAMFX PRACTICE TEST EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS [ALREADY GRADED A+}
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ATI Course
EXAMFX PRACTICE TEST EXAM WITH QUESTIONS
AND WELL VERIFIED ANSWERS [ALREADY GRADED
A+}
A building is insured, but no one has lived or worked in it for 10 years. The building is
completely empty of any furniture or personal belongings. From an Insurance standpoint,
the building is consider...
EXAMFX PRACTICE TEST EXAM WITH QUESTIONS
AND WELL VERIFIED ANSWERS [ALREADY GRADED
A+}
A building is insured, but no one has lived or worked in it for 10 years. The building is
completely empty of any furniture or personal belongings. From an Insurance standpoint,
the building is considered. - ANS✔✔---Vacant
States with monopolistic state workers compensation funds - ANS✔✔---Do not allow
private insurers to be licensed to write workers compensation coverage
This state provided for a temporary licenses for all of the following EXCEPT - ANS✔✔---
A producer's retirement
Which of the following producers will be required to complete continuing education hours to
renew his license? - ANS✔✔---A producer licensed 4 years ago who holds only one line
of authority.
, A producer has been notified by the commissioner to stop using an unapproved trade name.
How many days does the producer have to change the trade name before facing a fine? -
ANS✔✔---10 days
Which of the following is NOT considered a misrepresentation as it pertains to unfair trade
practices? - ANS✔✔---
The Pro rata liability clause is designed to protect the principle of - ANS✔✔---Indemnity
When a resident producer changes his residence address, the Insurance Department must
be notified within - ANS✔✔---30 days
A deli owner has a businessowners liability policy. When a customer slipped and hurt
herself at the deli, the liability policy paid for medical expenses. The customer, however, is
now suing the business owner because she claims there was no caution sign warning her
that the floor was wet. What is the insurer obligated to do. - ANS✔✔---Pay to defend the
policy owner in the lawsuit because liability coverage contains a duty-to-defend provision
The part of the policy that sets forth the rules of conduct, duties, and obligations of the
parties is called the - ANS✔✔---Conditions
What type of information would be found in a policy's insuring agreement? - ANS✔✔---
Renewal dates
The commercial general liability coverage form excludes bodily injury or property damage
that the insured has assumed under any contract or agreement. However, the exclusion
does not apply to certain types of contracts, as long as the injury or damage occurs -
ANS✔✔---After the execution of the contract
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