Licensing Exam- Practice Questions and Answers Latest
Question 1
An insurance contract is created by an insurer. Any ambiguities that appear in the future will be decided by a court in favor
of the insured since the policy is:
A) A contract of adhesion
B) An aleatory contract
C) A unilateral contract
D) A personal contract
Correct Answer
A) A contract of adhesion
Question 2
Which of the following policies would protect a physician who serves on the board of directors of a local corporation, if
shareholders take legal action against the board?
A) Malpractice liability
B) Directors and Officers liability
C) Employment practices liability
D) Punitive damages liability
Correct Answer
B) Directors and officers liability
Page 1 of 77
,Question 3
If an insured cancels his or her policy during the term of the contract, what type of premium refund will be received?
A) Pro rata
B) Short rate
C) Prohibited
D) Arbitrated
Correct Answer
B) Short rate
Question 4
All of the following are party of a PAP coverage territory, EXCEPT:
A) Mexico
B) Canada
C) Nevada
D) Puerto Rico
Correct Answer
A) Mexico
Page 2 of 77
,Question 5
Which of the following provides higher limits of liability protection but does not provide broader coverage?
A) Umbrella liability
B) Products liability
C) Contractual liability
D) Excess liability
Correct Answer
D) Excess liability
Question 6
Tim owns an unendorsed HO-3 policy with a $500 deductible. All of the following would be covered by Coverage F of his
policy, EXCEPT:
A) Funeral expenses
B) Artificial limb
C) Injury caused by a 28 foot sailboat
D) Professional nursing costs
Correct Answer
C) Injury caused by a 28 foot sailboat
Page 3 of 77
, Question 7
Brian is which of the following?
A) Passionate and driven to succeed
B) Intelligent and charismatic
C) Handsome and chivalrous
D) All of the above
Correct Answer
D) All of the above
Keep on at it, you can ace this test!! I don't always take state license adjuster exams, but when I do..I prefer to pass with
90% or higher..
Question 8
Which of the following risks may be covered by a Businessowners Policy?
A) Manufacturing concern
B) Building contractor
C) Funeral home
D) Tavern
Correct Answer
C) Funeral home
Page 4 of 77
Question 1
An insurance contract is created by an insurer. Any ambiguities that appear in the future will be decided by a court in favor
of the insured since the policy is:
A) A contract of adhesion
B) An aleatory contract
C) A unilateral contract
D) A personal contract
Correct Answer
A) A contract of adhesion
Question 2
Which of the following policies would protect a physician who serves on the board of directors of a local corporation, if
shareholders take legal action against the board?
A) Malpractice liability
B) Directors and Officers liability
C) Employment practices liability
D) Punitive damages liability
Correct Answer
B) Directors and officers liability
Page 1 of 77
,Question 3
If an insured cancels his or her policy during the term of the contract, what type of premium refund will be received?
A) Pro rata
B) Short rate
C) Prohibited
D) Arbitrated
Correct Answer
B) Short rate
Question 4
All of the following are party of a PAP coverage territory, EXCEPT:
A) Mexico
B) Canada
C) Nevada
D) Puerto Rico
Correct Answer
A) Mexico
Page 2 of 77
,Question 5
Which of the following provides higher limits of liability protection but does not provide broader coverage?
A) Umbrella liability
B) Products liability
C) Contractual liability
D) Excess liability
Correct Answer
D) Excess liability
Question 6
Tim owns an unendorsed HO-3 policy with a $500 deductible. All of the following would be covered by Coverage F of his
policy, EXCEPT:
A) Funeral expenses
B) Artificial limb
C) Injury caused by a 28 foot sailboat
D) Professional nursing costs
Correct Answer
C) Injury caused by a 28 foot sailboat
Page 3 of 77
, Question 7
Brian is which of the following?
A) Passionate and driven to succeed
B) Intelligent and charismatic
C) Handsome and chivalrous
D) All of the above
Correct Answer
D) All of the above
Keep on at it, you can ace this test!! I don't always take state license adjuster exams, but when I do..I prefer to pass with
90% or higher..
Question 8
Which of the following risks may be covered by a Businessowners Policy?
A) Manufacturing concern
B) Building contractor
C) Funeral home
D) Tavern
Correct Answer
C) Funeral home
Page 4 of 77
