CA ADJUSTERS LICENSE PSI EXAM ACTUAL EXAM COMPLETE 200+ QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) WITH RATIONALES / ALREADY GRADED A+/LATEST
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Course
NURSING
Institution
NURSING
CA ADJUSTERS LICENSE PSI EXAM ACTUAL
EXAM COMPLETE 200+ QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) WITH RATIONALES /
ALREADY GRADED A+/LATEST
The insured has primary bodily injury and property
damage liability coverage with a $100,000 limit, and
a $1 million umbre...
CA ADJUSTERS LICENSE PSI EXAM ACTUAL
EXAM COMPLETE 200+ QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) WITH RATIONALES /
ALREADY GRADED A+/LATEST 2024-2026
The insured has primary bodily injury and property
damage liability coverage with a $100,000 limit, and
a $1 million umbrella liability policy with a $5,000
self-insured retention limit. In which one of the
following situations would the insured's umbrella
liability policy typically not provide defense
coverage?
Answer Choices: Select the Correct Answer
Five people sued the insured for property damage
arising out of one occurrence. One of the cases was
settled out of court for $100,000.
The insured was sued for $150,000 in personal
injury damages.
The insured was sued for $10,000 in bodily injury
damages.
The umbrella liability policy would provide a defense
in all three cases. - Answer-The correct answer is:
,The insured was sued for $10,000 in bodily injury
damages.
EXPLANATION:
The claim would fall under the underlying coverage
and not the umbrella because the underlying
coverage has sufficient limits in place.
Question 5 of 100
The BAP liability exclusion pertaining to pollution
removes coverage for each of the following, except:
Answer Choices: Select the Correct Answer
The cost of governmentally ordered clean-up of
pollutants.
The escape of pollutants while being transported by
a covered auto.
The escape of pollutants caused by damage to the
property containing them when the damage results
from the use of a covered auto.
The escape of pollutants before they are accepted
by the insured for movement onto a covered auto. -
,Answer-The escape of pollutants caused by damage
to the property containing them when the damage
results from the use of a covered auto. is correct.
EXPLANATION:
If the insured's vehicle causes an accident with
another vehicle or other property (owned by a third
party) containing the pollutants, the loss is covered.
Which of the following would not be covered under
the specified cause of loss physical damage
coverage under the commercial auto form?
Glass breakage
Fire
Lightning
Flood - Answer-The correct answer is: Glass
breakage.
EXPLANATION:
The specified cause of loss form covers the following
perils: fire, lighting, explosion, theft, windstorm, hail,
earthquake, flood, vandalism or mischief,
transportation by a conveyance. The coverage does
, not include glass breakage, hitting a bird or animal
nor falling objects or missiles.
All of the following events are considered acts of
terrorism, EXCEPT:
Acts of riot and civil commotion.
Acts considered dangerous to human life, property
or infrastructure.
Acts resulting in damage within or outside the United
States.
Acts at the premises of any United States mission. -
Answer-The correct answer is: Acts of riot and civil
commotion. .
EXPLANATION:
Acts of riot and civil commotion are not covered by
the Act. These are perils that are covered by
property insurance policies.
A company or staff adjuster represents the interests
of:
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