Personal Lines FINAL EXAM (2026) ACTUAL
EXAM (TESTING REAL EXAM QUESTIONS) AND
VERIFIED ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED |100%
CORRECT!!
Save
Terms in this set (100)
What part of the policy lists the C) Conditions
rules, duties, and obligations of the
insured and insurer?
A) Declarations Page
B) Insuring Agreement
C) conditions
D) exclusions
The directive that states the D) cease and desist order
violation committed and requires an
agent to stop the illegal acitivity is
called:
A) show cause order
B) subpoena
C) tort
D) cease and desist order
,Extended Coverage (EC) include all D) vandalism
of the following perils, EXCEPT:
A) wind
B) riot
C) smoke
D) vandalism
A device which is used to minimize Deductible
small nuisance claims, lower
insurance premiums, and reduce
morale hazards is called:
A) arbitration
B) deductible
C) valued policy
D) coinsurance
All of the following perils are A) Inherent vice
covered, in a PERSONAL ARTICLES
FLOATER (PAF), EXCEPT:
A) inherent vice
B) flood
C) Earthquake
D) theft
The policyholder has a liability of B) $300,000
$300,000 and caused an accident
injuring one person in the amount
of $250,000 and another person in
the amount of $150,000. What limit
of coverage applies to the loss?
A) $150,000
B) $300,000
C) $250,000
D) $400,000
, Eligible vehicles are described in D) a truck used to make deliveries
the Personal Auto Policy. Which of
the following vehicles is NOT
eligible?
A) A newly acquired sedan
B) an owned SUV
C) A van used as a temporary
substitute
D) a truck used to make deliveries
What is the deductible in an B) $200
UNINSURED MOTORIST CLAIM?
A) $100
B) $200
C) $250
D) $500
In order for an insurer to meet their A) At the time the loss occurs
obligation to an insured, "insurable
interest" must exist:
A) At the time the loss occurs
B) At the time the application is
made for the insurance
C) At the time of application or at
the time of loss
D) at the time of application and at
the time of loss
A customer's response to a D) Representation
question to the best of their
knowledge or belief is called:
A) warranty
B) Material fact
C) Misrepresentation
D) Representation
EXAM (TESTING REAL EXAM QUESTIONS) AND
VERIFIED ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED |100%
CORRECT!!
Save
Terms in this set (100)
What part of the policy lists the C) Conditions
rules, duties, and obligations of the
insured and insurer?
A) Declarations Page
B) Insuring Agreement
C) conditions
D) exclusions
The directive that states the D) cease and desist order
violation committed and requires an
agent to stop the illegal acitivity is
called:
A) show cause order
B) subpoena
C) tort
D) cease and desist order
,Extended Coverage (EC) include all D) vandalism
of the following perils, EXCEPT:
A) wind
B) riot
C) smoke
D) vandalism
A device which is used to minimize Deductible
small nuisance claims, lower
insurance premiums, and reduce
morale hazards is called:
A) arbitration
B) deductible
C) valued policy
D) coinsurance
All of the following perils are A) Inherent vice
covered, in a PERSONAL ARTICLES
FLOATER (PAF), EXCEPT:
A) inherent vice
B) flood
C) Earthquake
D) theft
The policyholder has a liability of B) $300,000
$300,000 and caused an accident
injuring one person in the amount
of $250,000 and another person in
the amount of $150,000. What limit
of coverage applies to the loss?
A) $150,000
B) $300,000
C) $250,000
D) $400,000
, Eligible vehicles are described in D) a truck used to make deliveries
the Personal Auto Policy. Which of
the following vehicles is NOT
eligible?
A) A newly acquired sedan
B) an owned SUV
C) A van used as a temporary
substitute
D) a truck used to make deliveries
What is the deductible in an B) $200
UNINSURED MOTORIST CLAIM?
A) $100
B) $200
C) $250
D) $500
In order for an insurer to meet their A) At the time the loss occurs
obligation to an insured, "insurable
interest" must exist:
A) At the time the loss occurs
B) At the time the application is
made for the insurance
C) At the time of application or at
the time of loss
D) at the time of application and at
the time of loss
A customer's response to a D) Representation
question to the best of their
knowledge or belief is called:
A) warranty
B) Material fact
C) Misrepresentation
D) Representation
