VA P&C PRACTICE EXAM
BOP eligibility rules limit eligible risks to what maximum?
A. $5 million in annual sales
B. $3 million in annual sales
C. $1.5 million in annual sales
D. $750,000 in annual sales - ANSWERS-B. $3 million in annual
sales
Which of the following Other Coverages is not included in the Basic
Dwelling Coverage form?
A. Fire dept service charge
B. Collapse
C. Debris removal
D. Reasonable repairs - ANSWERS-B. Collapse
Which of the following is NOT excluded under Business Auto
Liability coverage?
A. Liability assumed under a contract that is considered an insured
contract
B. Damage to the insured's own auto
C. Injury to employees covered by workers compensation laws
D. Liability for property in the insured's custody - ANSWERS-A.
Liability assumed under a contract that is considered an insured
contract
,Under which of the following DP forms may the insured be
reimbursed for the replacement cost when the dwelling is destroyed?
A. All DP forms
B. DP-1 Basic form only
C. DP-2 Broad and DP-3 Special forms
D. DP-3 Special form only - ANSWERS-C. DP-2 Broad and DP-3
Special forms
Under which part of a Workers' Compensation and Employer's
Liability policy would you find a description of employer's liability
coverage provided?
A. PART 1
B. PART 2
C. PART 3
D. PART 4 - ANSWERS-B. PART 2
A solicitor may not:
A. Issue or countersign policies
B. Sell insurance
C. Collect premiums
D. Sign an application - ANSWERS-A. Issue or countersign policies
A typical Outboard Motor and Boat policy provides which of the
following coverages?
,A. Liability
B. Medical Payments
C. Physical damage
D. All of the above - ANSWERS-C. Physical damage
What is the largest offic ebuilding risk that might be eligible for a
BOP?
A. Three stories and 50,000 square feet
B. Three stories and 75,000 square feet
C. Six stories and 75,000 square feet
D. Six stories and 100,000 square feet - ANSWERS-D. Six stories
and 100,000 square feet
Which of the following is NOT covered under Farm Coverage?
A. Farm buildings, equipment and livestock
B. Liability arising out of farm operations
C. Growing crops
D. Farm dwelling and its personal property - ANSWERS-C. Growing
crops
What is the limit on Pollutant Cleanup and Removal coverage under
the Business and Personal Property form?
A. $10,000
B. $20,000
C. $25,000
, D. $50,000 - ANSWERS-A. $10,000
What is the limit on Debris Removal coverage under the Business and
Personal Property form?
A. Up to 10% of loss
B. Up to 25% of loss
C. Up to 30% of loss
D. Up to 15% of loss - ANSWERS-B. Up to 25% of loss
What is the limit on Fire Department Service Charge coverage under
the Business and Personal Property form?
A. $500
B. $1,000
C. $2,000
D. $1,500 - ANSWERS-B. $1,000
What is the limit on Electronic Data coverage under the Business and
Personal Property form?
A. $2,500
B. $1,000
C. $2,000
D. $1,500 - ANSWERS-A. $2,500
What is the limit on Increased Cost of Construction coverage under
the Business and Personal Property form?
BOP eligibility rules limit eligible risks to what maximum?
A. $5 million in annual sales
B. $3 million in annual sales
C. $1.5 million in annual sales
D. $750,000 in annual sales - ANSWERS-B. $3 million in annual
sales
Which of the following Other Coverages is not included in the Basic
Dwelling Coverage form?
A. Fire dept service charge
B. Collapse
C. Debris removal
D. Reasonable repairs - ANSWERS-B. Collapse
Which of the following is NOT excluded under Business Auto
Liability coverage?
A. Liability assumed under a contract that is considered an insured
contract
B. Damage to the insured's own auto
C. Injury to employees covered by workers compensation laws
D. Liability for property in the insured's custody - ANSWERS-A.
Liability assumed under a contract that is considered an insured
contract
,Under which of the following DP forms may the insured be
reimbursed for the replacement cost when the dwelling is destroyed?
A. All DP forms
B. DP-1 Basic form only
C. DP-2 Broad and DP-3 Special forms
D. DP-3 Special form only - ANSWERS-C. DP-2 Broad and DP-3
Special forms
Under which part of a Workers' Compensation and Employer's
Liability policy would you find a description of employer's liability
coverage provided?
A. PART 1
B. PART 2
C. PART 3
D. PART 4 - ANSWERS-B. PART 2
A solicitor may not:
A. Issue or countersign policies
B. Sell insurance
C. Collect premiums
D. Sign an application - ANSWERS-A. Issue or countersign policies
A typical Outboard Motor and Boat policy provides which of the
following coverages?
,A. Liability
B. Medical Payments
C. Physical damage
D. All of the above - ANSWERS-C. Physical damage
What is the largest offic ebuilding risk that might be eligible for a
BOP?
A. Three stories and 50,000 square feet
B. Three stories and 75,000 square feet
C. Six stories and 75,000 square feet
D. Six stories and 100,000 square feet - ANSWERS-D. Six stories
and 100,000 square feet
Which of the following is NOT covered under Farm Coverage?
A. Farm buildings, equipment and livestock
B. Liability arising out of farm operations
C. Growing crops
D. Farm dwelling and its personal property - ANSWERS-C. Growing
crops
What is the limit on Pollutant Cleanup and Removal coverage under
the Business and Personal Property form?
A. $10,000
B. $20,000
C. $25,000
, D. $50,000 - ANSWERS-A. $10,000
What is the limit on Debris Removal coverage under the Business and
Personal Property form?
A. Up to 10% of loss
B. Up to 25% of loss
C. Up to 30% of loss
D. Up to 15% of loss - ANSWERS-B. Up to 25% of loss
What is the limit on Fire Department Service Charge coverage under
the Business and Personal Property form?
A. $500
B. $1,000
C. $2,000
D. $1,500 - ANSWERS-B. $1,000
What is the limit on Electronic Data coverage under the Business and
Personal Property form?
A. $2,500
B. $1,000
C. $2,000
D. $1,500 - ANSWERS-A. $2,500
What is the limit on Increased Cost of Construction coverage under
the Business and Personal Property form?
