AZ Insurance Licensing Exam ACTUAL UPDATED Questions and CORRECT
Answers
C
Terms in this set (47)
A commercial property special form covers property in $5000
transit up to __ ?
salvage clause allows the insurer to sell the damaged property as salvage to recover part of the
paid loss
Who is NOT subject to workers compensation laws? Independent contractors
Homeowners 2000 policy will pay to ___ for grave $5000
markers, including mausoleums, on or away from the
premises for loss caused by a peril insured against under
coverage C?
A grace marker was damaged by vandals. It would cost $3000
$3000 to have a the damage repaired. Under these
circumstances, how much would a homeowners policy
pay?
If a liability policy had split limits 50/100/30, what is the $50,000
maximum amount that would be payable in the event of
injury to a single person?
Flood policies exclude loses caused by: landslides, sinkholes, and falling water
What do flood policies cover? Rising water or excessive runoff
Which of the following perils is covered by flood Mudslide caused by accumulations of water under the ground
insurance?
The part of the insurance contract that describes the Insuring agreement
covered perils and the nature of coverage of the
contractual agreement between the insurer and the
insured is called the __ ?
The Insuring Agreement is apart of the policy that desrybebs the insured perils and method of
indemnification
Bailee's Customers Policy does not cover property of the insured, but covers their customer's property
while in the care of the insured
Answers
C
Terms in this set (47)
A commercial property special form covers property in $5000
transit up to __ ?
salvage clause allows the insurer to sell the damaged property as salvage to recover part of the
paid loss
Who is NOT subject to workers compensation laws? Independent contractors
Homeowners 2000 policy will pay to ___ for grave $5000
markers, including mausoleums, on or away from the
premises for loss caused by a peril insured against under
coverage C?
A grace marker was damaged by vandals. It would cost $3000
$3000 to have a the damage repaired. Under these
circumstances, how much would a homeowners policy
pay?
If a liability policy had split limits 50/100/30, what is the $50,000
maximum amount that would be payable in the event of
injury to a single person?
Flood policies exclude loses caused by: landslides, sinkholes, and falling water
What do flood policies cover? Rising water or excessive runoff
Which of the following perils is covered by flood Mudslide caused by accumulations of water under the ground
insurance?
The part of the insurance contract that describes the Insuring agreement
covered perils and the nature of coverage of the
contractual agreement between the insurer and the
insured is called the __ ?
The Insuring Agreement is apart of the policy that desrybebs the insured perils and method of
indemnification
Bailee's Customers Policy does not cover property of the insured, but covers their customer's property
while in the care of the insured
