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Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) $12.99
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Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)
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Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) To be considered an insurable risk, a loss may NOT be Answer catastrophic 2. Which of the fol...

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  • October 31, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • exam fx property and casualty exam

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Exam Fx-Property and Casualty Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Exam%20Fx-Prop




Exam Fx-Property and Casualty Exam

Questions & Answers



1. To be considered an insurable risk, a loss may NOT be

Answer catastrophic



2. Which of the following persons would be required to hold a producer

license?

Answer a nonresident agent who negotiates insurance contracts



3. Which of the following is the oldest known type of insurance?

Answer ocean marine



4. The contents coverage on a homeowners policy would pay how much after the

loss of one of a pair of golden candlesticks?

Answer the difference in the actual cash value as a pair and as a single


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5. Which of the following additional perils is covered under both of the Basic

and Broad forms in dwelling policies?

Answer internal explosion



6. When would a misrepresentation on the insurance application be consid-

ered fraud?

Answer If it is intentional and material



7. A bond is written for a set limit, and the surety will be liable only for this

amount. This limit is known as the

Answer penalty



8. In insurance, an offer is usually made when

Answer the application is submitted



9. All of the following actions by a producer may be grounds for license

revocation or non-renewal EXCEPT

Answer participating in controlled business


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10. In personal auto policies, the term "you" refers to

Answer the named insured



11. Business personal property coverage form covers all of the following

except

Answer

automobiles held for sale



12. in dwelling policies, automatic increase in insurance is

Answer coverage by en- dorsement



13. To be eligible for businessowners policy (BOP) coverage, an office building

CANNOT be higher than

Answer 6 stories



14. Elaborate homes with replacement costs greater than ACV or market value

are insured on the

Answer HO-8 Form


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