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Texas Personal Lines Insurance Exam Questions And Answers With Verified Solutions (GRADED A+)
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Texas Personal Lines Insurance Exam Questions And Answers With Verified Solutions (GRADED A+)
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Texas Personal Lines Insurance ExamQuestions And Answers With Verified
Solutions (GRADED A+)
How does the mobilehome endorsement affect the other coverage of law or
ordinance in a homeowners policy? - ANSWER✔✔
In insurance, an offer is usually made when - ANSWER✔✔An applicant submits
an application to the insurer
Under a personal auto policy, in which of the following locations would a vehicle
primarily garaged in California be covered - ANSWER✔✔Any other state
In a personal auto policy, the medical payments coverage is similar to -
ANSWER✔✔accident insurance, because it pays medical expenses regardless of
fault
The Federal Fair Credit Reporting Act - ANSWER✔✔Regulates consumer reports
For a contract to be enforceable by law, the purpose of the contract must be -
ANSWER✔✔Legal and not against public policy
In the personal auto policy, owned trailers being towed by an insured auto are
automatically covered for - ANSWER✔✔UM coverage
The amount an insurer will pay under Coverage D(loss of use) depends on -
ANSWER✔✔The amount of coverage on the dwelling
, An insured's house is damaged by a fire and is uninhabitable. AS a result, the
insured has to rent an apartment until repairs are made. A dwlling insurance policy
will pay for the expense of renting the apartment. Which type of broad or special
form coverage does the insured have? - ANSWER✔✔coverage E - additional
living expense
All of the following are supplemental payments included in the liability section of
a personal auto policy EXCEPT - ANSWER✔✔Up to $100 for the cost to secure
the release of a vehicle from an impoundment lot following a covered accident
Payment for medical expenses, loss of wages, funeral expenses, -
ANSWER✔✔special- special damages are tangible damages that can be
specifically measured in dollar amounts (such as out of pocket expenses for
medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single amount is
referred to as - ANSWER✔✔Blanket
All of the following statements describe the concept of strict liability EXCEPT -
ANSWER✔✔It is imposed on defendants engaged in hazardous activities
All of the following are conditions commonly found in the insurance policy
EXCEPT - ANSWER✔✔Insuring Agreement
What type of information would be found in a policy's insuring agreement? -
ANSWER✔✔Renewal Dates
An insurance contract must contain all of the following to be considered legally
binding EXCEPT - ANSWER✔✔Beneficiary's consent
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