General Licensing Practice Exam #4B – Study Guide and Certification Exam
Preparation Material
Which of the following statements is false is you have theft coverage under a section of your
policy and your auto is stolen?
A. You will be reimbursed up to a maximum per day for expenses for a rental auto, taxis, or
public transit
B. Period of reimbursement starts after the police or insurer has been notified
C. Coverage will continue even if your policy expires after the theft until your auto is repaired or
replaced or the insurer makes a statement
D. Total reimbursement for expenses for a rental auto is limited to $900 - ANS ✔✔B. Period of
reimbursement starts after the police or insurer has been notified
A wine import merchant would require which bond?
A. Customs bond
B. Performance bond
C. Fidelity bond
D. Administration bond - ANS ✔✔B. Performance bond
, When an insurer intentionally issues a policy with a lower limit than is requested in a written
application,
A. It must endorse the policy
B. It must charge a lower premium
C. The insured has three days from receipt of this notification to reject the policy
D. It must point out to the insured, in writing the ways that the policy differs from the
application - ANS ✔✔D. It must point out to the insured, in writing the ways that the policy
differs from the application
Which of the following is included under personal property covered under Coverage C of a
Comprehensive Homeowners policy?
A. Wheelchairs
B. Camper units
C. Personal property at any other location owned by the insured
Property of an unrelated person who boards with the insured - ANS ✔✔A. Wheelchairs
Which of the following statements about the coverage provided for trailers under an
automobile policy is true?
Preparation Material
Which of the following statements is false is you have theft coverage under a section of your
policy and your auto is stolen?
A. You will be reimbursed up to a maximum per day for expenses for a rental auto, taxis, or
public transit
B. Period of reimbursement starts after the police or insurer has been notified
C. Coverage will continue even if your policy expires after the theft until your auto is repaired or
replaced or the insurer makes a statement
D. Total reimbursement for expenses for a rental auto is limited to $900 - ANS ✔✔B. Period of
reimbursement starts after the police or insurer has been notified
A wine import merchant would require which bond?
A. Customs bond
B. Performance bond
C. Fidelity bond
D. Administration bond - ANS ✔✔B. Performance bond
, When an insurer intentionally issues a policy with a lower limit than is requested in a written
application,
A. It must endorse the policy
B. It must charge a lower premium
C. The insured has three days from receipt of this notification to reject the policy
D. It must point out to the insured, in writing the ways that the policy differs from the
application - ANS ✔✔D. It must point out to the insured, in writing the ways that the policy
differs from the application
Which of the following is included under personal property covered under Coverage C of a
Comprehensive Homeowners policy?
A. Wheelchairs
B. Camper units
C. Personal property at any other location owned by the insured
Property of an unrelated person who boards with the insured - ANS ✔✔A. Wheelchairs
Which of the following statements about the coverage provided for trailers under an
automobile policy is true?
