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Pearson VUE: Casualty Insurance Practice Exam
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An insurance binder is best described as:
A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the rating
organizations
C. a temporary agreement to pay a claim pending final
settlement
D. temporary short-term evidence of coverage - Answer-D
Anything that increases the chance of loss is known as
a(n):
A. risk
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B. hazard
C. direct loss
D. indirect loss - Answer-B
The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's credit
history prior to underwriting a policy
B. insurance producer to summarize a policy for the
insured
C. insurance producer to review the applicant's credit
history prior to issuing a policy
D. insurance company to inform the applicant a credit
report may be obtained - Answer-D
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The limits of liability are found in which of the following
sections of a casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions - Answer-C
A policyholder would expect to find which of the following
information in the Insuring Agreement section of an auto
policy?
A. Bodily Injury limits of liability
B. The insurance company's promise to pay on the behalf
of the insured
C. Exclusions regarding certain uses of the auto
Pearson VUE: Casualty Insurance Practice Exam
||Newest Exam!!|| Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Brand New Exam!!!
An insurance binder is best described as:
A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the rating
organizations
C. a temporary agreement to pay a claim pending final
settlement
D. temporary short-term evidence of coverage - Answer-D
Anything that increases the chance of loss is known as
a(n):
A. risk
,2|Page
B. hazard
C. direct loss
D. indirect loss - Answer-B
The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's credit
history prior to underwriting a policy
B. insurance producer to summarize a policy for the
insured
C. insurance producer to review the applicant's credit
history prior to issuing a policy
D. insurance company to inform the applicant a credit
report may be obtained - Answer-D
, 3|Page
The limits of liability are found in which of the following
sections of a casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions - Answer-C
A policyholder would expect to find which of the following
information in the Insuring Agreement section of an auto
policy?
A. Bodily Injury limits of liability
B. The insurance company's promise to pay on the behalf
of the insured
C. Exclusions regarding certain uses of the auto
