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PSI Online Examination NY Insurance Property and Casualty Practice Test/ All Possible Exam Questions and Correct Detailed Answers/ Latest Update 2024/ Rated A+$11.99
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PSI Online Examination NY Insurance Property and Casualty Practice Test/ All Possible Exam Questions and Correct Detailed Answers/ Latest Update 2024/ Rated A+
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Course
PSI NY Insurance Property
Institution
PSI NY Insurance Property
PSI Online Examination NY Insurance Property and Casualty
Practice Test/ All Possible Exam Questions and Correct Detailed
Answers/ Latest Update 2024/ Rated A+
PSI Online Examination NY Insurance Property and Casualty
Practice Test/ All Possible Exam Questions and Correct Detailed
Answers/ Latest Update 2024/ Rated A+
Which of the following are defined as a part of the policy and can void the policy if they
are breached, whether the breach was intentional or unintentional?
a. material facts
b. representations
c. waivers
d. warranties
Correct Answer -d. warranties
When does the coverage begin for a builders risk form?
a. the date the policy premium is paid
b. on the date any construction begins
c. on the date construction starts above the highest basement floor if there is a
basement
d. on the date construction starts above the lowest basement floor if there is a
basement
Correct Answer -d. on the date construction starts above the lowest basement floor if
there is a basement
The following are all types of disability categories under workers' compensation
insurance except?
a. temporary permanent
b. permanent total
c. permanent partial
d. temporary total. Correct Answer -a. temporary permanent
pg. 1
,An insured has transportation expenses coverage under part D of the personal auto
policy when involved in a collision. Coverage provides which of the following?
a. immediate coverage for total theft of the covered auto
b. towing for the covered vehicle from the crash site
c. rental reimbursement until a new auto is purchased
d. rental reimbursement until claim is settled by insurance
Correct Answer -d. rental reimbursement until claim is settled by insurance
Which of the following liability insurance policies would provide coverage to ABC
company in a suit brought by a fired employee for wrongful discharge?
a. employers liability
b. workers' compensation
c. commercial general liability
d. employment practices liability
Correct Answer - d. employment practices liability
An injured employee covered under workers' compensation is entitled to reasonably
justifiable expenses for retraining. This benefit falls under which of the following?
a. medical rehabilitation
b. physical rehabilitation
c. vocational rehabilitation
d. educational rehabilitation
Correct Answer - c. vocational rehabilitation
All of the following would be considered to be incompetent to enter into a contract
EXCEPT?
a. a minor
b. an insane person
c. someone who is incarcerated
d. someone who is under the influence of alcohol
pg. 2
, Correct Answer -c. someone who is incarcerated
The insured carries underinsured motorists coverage limits of 250/500/250 on his
automobile policy and his vehicle is struck by an at fault motorist who insures with the
State minimum for liability of 20/40/10. If the insured brings suit for bodily injury
damages to himself of $500,000, how much will he recover from at fault driver's policy?
Correct Answer -$20,000
Which of the following Homeowners form provides the most comprehensive coverage?
a HO-4
b. HO-5
c. HO-6
d. HO-8
Correct Answer -b. HO-5
Mobile homes can be insured in all of the following ways EXCEPT?
a. with a HO-8 modified coverage form
b. on a separate mobile homeowners package policy
c. with a DP-1 if the mobile home is on a foundation
d. on a mobile homeowners endorsement to a HO-3 form.
Correct Answer -a. with a HO-8 modified coverage form
Homeowner form HO-2 provides coverage for loss of appliances, carpeting, and other
household furnishings for a maximum of how much?
a. $1,000
b. $2,500
c. $3,000
d. $5,000
Correct Answer - b. $2,500
pg. 3
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