Alabama Property and Casualty Exam | Most Recent Exam 2026
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Which of the following is not needed for rating the premium in
the BOP?
Square
foot area
Gross
sales
Protection
class
Rate group -
ANSWER-
Square foot
area
BUT, it does play a role in determining the eligibility of the risk
for the BOP.
Fly-By-Night Construction Company has a CGL policy with
coverage dates of 03/01/11 to 03/01/12. The per occurrence limit
is $500,000 and the general aggregate limit is $1,000,000. The
,maximum that can be paid during the policy period on the
insured's behalf is:.
$1,000,000.
$500,000.
$1,500,000.
$2,000,000. - ANSWER-$1,000,000.
The maximum per occurrence is $500,000 but, the maximum for
all claims paid
during the policy period is the aggregate limit of
$1,000,000.
Under a personal auto policy, which of the following persons
would be excluded
from coverage for bodily injury and property
damage liability?
An employee of the named insured, while transporting
passengers for a fee.
The named insured's spouse who resides in the same
household as the
insured.
Any person using the car with the permission of the insured.
,Any person legally responsible for the use of the automobile
with the insured's
permission. - ANSWER-An employee of the named insured,
while transporting
passengers for a
fee.
The insured carries a workers compensation policy which
includes employer's liability coverage. Which of the following is
not covered by employer's liability coverage?
Statutory benefits
Suits brought by injured employees, in case of employer's
gross negligence
Suits brought by spouses or dependent of injured workers
Legal defense costs - ANSWER-Statutory benefits
Statutory coverage is found in Part I of the policy.
Employer's liability Part II
coverage does not cover those benefits that
statutorily apply.
Which of the following would NOT be a prospect for errors
and omissions
insurance?
, Dentists
Insurance
Agents
Real Estates
Agents
Lawyers - ANSWER-
Dentists
A dentist would require medical malpractice coverage.
The insured owns a 20-foot fishing boat with a 50-horsepower
motor. Which of
the following policies would be best suited to cover a theft
loss on a lake?
Homeowner
policy
Personal article
floater
Boatowners
policy
Yacht policy - ANSWER-
Boatowners policy
The Boatowners policy would be the better product to cover a
fresh water boat of this size and horsepower. The Homeowner
policy has a limitation for physical damage coverage and does
not cover the theft of a boat off the insured's premises. Also the
Actual Complete Real Exam Questions & Correct Answers |
Verified Answers | Already Graded A+ | Assured Success |
Newest Exam | Just Released!!
Which of the following is not needed for rating the premium in
the BOP?
Square
foot area
Gross
sales
Protection
class
Rate group -
ANSWER-
Square foot
area
BUT, it does play a role in determining the eligibility of the risk
for the BOP.
Fly-By-Night Construction Company has a CGL policy with
coverage dates of 03/01/11 to 03/01/12. The per occurrence limit
is $500,000 and the general aggregate limit is $1,000,000. The
,maximum that can be paid during the policy period on the
insured's behalf is:.
$1,000,000.
$500,000.
$1,500,000.
$2,000,000. - ANSWER-$1,000,000.
The maximum per occurrence is $500,000 but, the maximum for
all claims paid
during the policy period is the aggregate limit of
$1,000,000.
Under a personal auto policy, which of the following persons
would be excluded
from coverage for bodily injury and property
damage liability?
An employee of the named insured, while transporting
passengers for a fee.
The named insured's spouse who resides in the same
household as the
insured.
Any person using the car with the permission of the insured.
,Any person legally responsible for the use of the automobile
with the insured's
permission. - ANSWER-An employee of the named insured,
while transporting
passengers for a
fee.
The insured carries a workers compensation policy which
includes employer's liability coverage. Which of the following is
not covered by employer's liability coverage?
Statutory benefits
Suits brought by injured employees, in case of employer's
gross negligence
Suits brought by spouses or dependent of injured workers
Legal defense costs - ANSWER-Statutory benefits
Statutory coverage is found in Part I of the policy.
Employer's liability Part II
coverage does not cover those benefits that
statutorily apply.
Which of the following would NOT be a prospect for errors
and omissions
insurance?
, Dentists
Insurance
Agents
Real Estates
Agents
Lawyers - ANSWER-
Dentists
A dentist would require medical malpractice coverage.
The insured owns a 20-foot fishing boat with a 50-horsepower
motor. Which of
the following policies would be best suited to cover a theft
loss on a lake?
Homeowner
policy
Personal article
floater
Boatowners
policy
Yacht policy - ANSWER-
Boatowners policy
The Boatowners policy would be the better product to cover a
fresh water boat of this size and horsepower. The Homeowner
policy has a limitation for physical damage coverage and does
not cover the theft of a boat off the insured's premises. Also the
