Exam (elaborations)
Personal Lines Broker-Agent Exam Questions And Answers With Verified Solutions Already Passed!!!
- Course
- Institution
Personal Lines Broker-Agent Exam Questions And Answers With Verified Solutions Already Passed!!!
[Show more]
Content preview
Personal Lines Broker-Agent ExamQuestions And Answers With Verified
Solutions Already Passed!!!
What do we call the process whereby insurers decide which customer to insure and
what coverage to offer? - ANSWERS✔✔Underwriting
The insured can do all of the following by adding an Other Structures-Increased
limits endorsement to the homeowners policy EXCEPT? - ANSWERS✔✔Raise
the coverage limit on one structure and delete coverage for others.
The National Flood Insurance Program... - ANSWERS✔✔May only be written by
communities participating in the program.
Internet advertisements made by an agent or broker licensed in CA must provide
all of the following information EXCEPT? - ANSWERS✔✔Expiration date of the
license
Which item of real property under HO-3 are valued on an actual cash value basis? -
ANSWERS✔✔Built-in appliances
Why would a boat owner insured with an HO-3 policy want to buy a Boatowners
policy? - ANSWERS✔✔All true. To obtain liability, protection from uninsured
boaters while out on the water, increase hull coverage on his boat because the
homeowners policy coverage is extremely limited.
Which causes of loss for provides the broadest coverage? - ANSWERS✔✔Special
form
, The system that makes automobile bodily injury and property damage liability
insurance available to applicants who are unable to obtain coverage... -
ANSWERS✔✔CAARP
One purpose of California automobile assigned risk plan - ANSWERS✔✔To make
automobile insurance available to residents of the state
Which of the following losses would be covered under the personal auto policy
other than collision coverage - ANSWERS✔✔Someone shoots the rear car
window out while the insured's car is parked in the street overnight
An umbrella policy provides? - ANSWERS✔✔Broad excess liability coverage
over one or more primary policies
Which of the following major sections of a policy are represented by the letters of
DICE - ANSWERS✔✔Declarations, insuring agreement, conditions, exclusions
An intentional omission of a material fact on the part of an insured that entitles the
insurer to rescind the contract is? - ANSWERS✔✔Fraudulent concealment
Making an insured whole by restoring them to the same condition as before a loss
is an example of? - ANSWERS✔✔The principle of indemnity
What is the difference between the per accident limit in a split limits policy and the
single limits? - ANSWERS✔✔The per accident limit applies to all claims and the
single limits applies only to bodily injuries.
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 classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78834 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now