P & C Practice Exam questions with answers

P & C Practice Exam questions with
|\ |\ |\ |\ |\ |\ |\




answers

After passing the Alabama state licensing exam, a license
|\ |\ |\ |\ |\ |\ |\ |\ |\



candidate must complete which of the following actions
|\ |\ |\ |\ |\ |\ |\ |\



to receive their license? - CORRECT ANSWERS ✔✔Submit
|\ |\ |\ |\ |\ |\ |\ |\



a uniform application for licensure with the Commissioner
|\ |\ |\ |\ |\ |\ |\




Equipment breakdown losses covered by the Equipment |\ |\ |\ |\ |\ |\ |\



Breakdown Protection Coverage Form are settled on what |\ |\ |\ |\ |\ |\ |\ |\



basis? - CORRECT ANSWERS ✔✔Replacement cost
|\ |\ |\ |\ |\




If an insured submits a fraudulent claim, the insurer may:
|\ |\ |\ |\ |\ |\ |\ |\ |\



- CORRECT ANSWERS ✔✔Void the policy from the
|\ |\ |\ |\ |\ |\ |\ |\ |\



beginning


The Emergency Program of the National Flood Insurance
|\ |\ |\ |\ |\ |\ |\ |\



Program (NFIP) is intended for: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\



✔✔Communities in the earliest stages of NFIP |\ |\ |\ |\ |\ |\ |\



participation


Under a Commercial Crime policy written on the
|\ |\ |\ |\ |\ |\ |\ |\



Discovery Form, what is the latest date that a covered
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



loss can occur? - CORRECT ANSWERS ✔✔The policy
|\ |\ |\ |\ |\ |\ |\ |\



expiration date |\

,When a limit of insurance is indicated on the Declarations
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



page of the Equipment Breakdown Protection Coverage
|\ |\ |\ |\ |\ |\ |\



Form, expediting expenses coverage pays for which of the
|\ |\ |\ |\ |\ |\ |\ |\



following? - CORRECT ANSWERS ✔✔Temporary expenses
|\ |\ |\ |\ |\ |\ |\



to expedite permanent repairs of damaged property
|\ |\ |\ |\ |\ |\ |\



essential for the operation of the business |\ |\ |\ |\ |\ |\




All of the following statements about rehabilitation
|\ |\ |\ |\ |\ |\ |\



benefits provided for workplace injuries in Alabama are
|\ |\ |\ |\ |\ |\ |\ |\



correct, except: - CORRECT ANSWERS ✔✔Vocational
|\ |\ |\ |\ |\ |\



rehabilitation must be requested by the employee |\ |\ |\ |\ |\ |\




A certificate of insurance includes which of the following
|\ |\ |\ |\ |\ |\ |\ |\ |\



pieces of information? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\



effective date, names of the insurer and named insured,
|\ |\ |\ |\ |\ |\ |\ |\ |\



and the limits of liability
|\ |\ |\ |\




Coverage E - Additional Living Expense is what type of |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



coverage? - CORRECT ANSWERS ✔✔Indirect loss |\ |\ |\ |\ |\ |\



coverage


Under the Business Auto Coverage Form, mobile
|\ |\ |\ |\ |\ |\ |\



equipment does NOT include: - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\



✔✔Motor vehicles designed for use on public roads |\ |\ |\ |\ |\ |\ |\

, Which type of state provides Workers' Compensation
|\ |\ |\ |\ |\ |\ |\



insurance only through a state fund? - CORRECT |\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔Monopolistic |\




Under the Motor Carrier Act of 1980, what is the minimum
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



limit of liability required when transporting oil or other
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



hazardous materials? - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔$1,000,000


The part of an insurance policy that states where the risk
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



is located is the: - CORRECT ANSWERS ✔✔Declarations
|\ |\ |\ |\ |\ |\ |\




Unlike all unendorsed Dwelling policies, Homeowners
|\ |\ |\ |\ |\ |\



policies automatically include which of the following
|\ |\ |\ |\ |\ |\ |\



coverages? - CORRECT ANSWERS ✔✔Liability |\ |\ |\ |\




When an insured obtains a liability insurance policy,
|\ |\ |\ |\ |\ |\ |\ |\



which of the following statements about their policy will
|\ |\ |\ |\ |\ |\ |\ |\ |\



be correct? - CORRECT ANSWERS ✔✔The insured's
|\ |\ |\ |\ |\ |\ |\



medical payments coverage has a per person limit
|\ |\ |\ |\ |\ |\ |\




Which of the following is an eligible risk under the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\



Businessowners Coverage Form? - CORRECT ANSWERS |\ |\ |\ |\ |\ |\



✔✔Dental lab |\