Washington State Property & Casualty
Insurance Exam Question and Answer |
Complete Exam Prep with Accurate
Solutions | Grade A+
• When an insured selects symbol 2 on the automobile declarations, indicating coverage
for any auto titled to the insured, which of the following automobile types will be
covered?
1.
any auto
2.
mobile equipment
3.
owned autos only
4.
temporary substituted -✓✓owned autos only
• All of the following are exclusions are found under the personal auto policy Part A
liability coverage, EXCEPT
1.
damage to property owned or being transported by the insured.
2.
damage to property rented to, used by, or in the care of the insured.
3.
motorized vehicles with fewer than four wheels or designed for off road use.
4.
bodily Injury to an insured?s nonresident family member or relative. -✓✓bodily injury to
an insureds non resident family member or relative
• All of the following would be found on a declarations page EXCEPT
1.
limits of insurance.
2.
address of insured.
3.
policy exclusions.
4.
costs for coverage. -✓✓policy exclusions
• Which of the following would be covered perils under the DP-1 Basic policy form?
1.
falling objects
2.
,freezing of plumbing
3.
riot or civil commotion
4.
weight of ice or snow -✓✓riot or civil commotion
• Which of the following is TRUE when the insured?s limits of insurance apply per
occurrence?
1.
The insured pays one deductible for grocery cart damage to a car occurring on different
days.
2.
Coverage is triggered for smoke damage to siding caused by repeated acts by insured's
neighbor.
3.
The insured?s claim for damage to his basement walls caused by settling is approved.
4.
Liability is NOT covered in a second crash because limits were exceeded in a previous
crash -✓✓coverage is triggered for smoke damage to siding caused by repeated acts by
insured's neighbor
• For the purpose of workers? compensation insurance all of the following are subject to
the workers? compensation laws, either as an employer or employee EXCEPT
1.
an insurance agent.
2.
a building contractor.
3.
the employee of a party store.
4.
a crew member of an ocean going vessel. -✓✓a crew member of an ocean going vessel
• Which characteristic of an insurance contract states that when a loss occurs the
insured should be restored to the financial condition he was in before the loss?
1.
contract of indemnity
2.
personal contract
3.
contract of adhesion
4.
unilateral contract -✓✓contract of indemnity
• Which of the following limits of insurance on the dwelling are available and apply to
Coverage D-Fair Rental Value?
1.
, 10%
2.
15%
3.
20%
4.
25% -✓✓20%
• How does the BOP differ from the CPP?
1.
The BOP covers property damage only.
2.
The BOP is specifically designed for larger companies.
3.
The BOP covers small businesses that have multiple locations.
4.
The BOP prepackages a group of coverages desirable to small businesses. -✓✓The
BOP prepackages a group of coverages desirable to small businesses
• Which document would a lender ask an insured for as evidence that a policy has been
written?
1.
Certificate
2.
Declarations
3.
Endorsement
4.
Policy -✓✓certificate
• Which of the following best describes the CGL?s general aggregate annual limit as it
applies to the coverage parts of the CGL?
1.
Coverage A and C limits are excess of the general annual aggregate limit.
2.
Coverage B limit is not subject to the general aggregate annual limit.
3.
Coverage A, B and C apply separately to non-consecutive annual periods.
4.
Coverage A, B and C apply in sum and are the most that will be paid subject to the
general aggregate annual limit. -✓✓Coverage A, B and C apply in sum and are the most
that will be paid subject to the general aggregate annual limit
• When an employer sends employees out of state on work related business, which of
the following must he do to ensure the appropriate workers? compensation coverage?
1.
Insurance Exam Question and Answer |
Complete Exam Prep with Accurate
Solutions | Grade A+
• When an insured selects symbol 2 on the automobile declarations, indicating coverage
for any auto titled to the insured, which of the following automobile types will be
covered?
1.
any auto
2.
mobile equipment
3.
owned autos only
4.
temporary substituted -✓✓owned autos only
• All of the following are exclusions are found under the personal auto policy Part A
liability coverage, EXCEPT
1.
damage to property owned or being transported by the insured.
2.
damage to property rented to, used by, or in the care of the insured.
3.
motorized vehicles with fewer than four wheels or designed for off road use.
4.
bodily Injury to an insured?s nonresident family member or relative. -✓✓bodily injury to
an insureds non resident family member or relative
• All of the following would be found on a declarations page EXCEPT
1.
limits of insurance.
2.
address of insured.
3.
policy exclusions.
4.
costs for coverage. -✓✓policy exclusions
• Which of the following would be covered perils under the DP-1 Basic policy form?
1.
falling objects
2.
,freezing of plumbing
3.
riot or civil commotion
4.
weight of ice or snow -✓✓riot or civil commotion
• Which of the following is TRUE when the insured?s limits of insurance apply per
occurrence?
1.
The insured pays one deductible for grocery cart damage to a car occurring on different
days.
2.
Coverage is triggered for smoke damage to siding caused by repeated acts by insured's
neighbor.
3.
The insured?s claim for damage to his basement walls caused by settling is approved.
4.
Liability is NOT covered in a second crash because limits were exceeded in a previous
crash -✓✓coverage is triggered for smoke damage to siding caused by repeated acts by
insured's neighbor
• For the purpose of workers? compensation insurance all of the following are subject to
the workers? compensation laws, either as an employer or employee EXCEPT
1.
an insurance agent.
2.
a building contractor.
3.
the employee of a party store.
4.
a crew member of an ocean going vessel. -✓✓a crew member of an ocean going vessel
• Which characteristic of an insurance contract states that when a loss occurs the
insured should be restored to the financial condition he was in before the loss?
1.
contract of indemnity
2.
personal contract
3.
contract of adhesion
4.
unilateral contract -✓✓contract of indemnity
• Which of the following limits of insurance on the dwelling are available and apply to
Coverage D-Fair Rental Value?
1.
, 10%
2.
15%
3.
20%
4.
25% -✓✓20%
• How does the BOP differ from the CPP?
1.
The BOP covers property damage only.
2.
The BOP is specifically designed for larger companies.
3.
The BOP covers small businesses that have multiple locations.
4.
The BOP prepackages a group of coverages desirable to small businesses. -✓✓The
BOP prepackages a group of coverages desirable to small businesses
• Which document would a lender ask an insured for as evidence that a policy has been
written?
1.
Certificate
2.
Declarations
3.
Endorsement
4.
Policy -✓✓certificate
• Which of the following best describes the CGL?s general aggregate annual limit as it
applies to the coverage parts of the CGL?
1.
Coverage A and C limits are excess of the general annual aggregate limit.
2.
Coverage B limit is not subject to the general aggregate annual limit.
3.
Coverage A, B and C apply separately to non-consecutive annual periods.
4.
Coverage A, B and C apply in sum and are the most that will be paid subject to the
general aggregate annual limit. -✓✓Coverage A, B and C apply in sum and are the most
that will be paid subject to the general aggregate annual limit
• When an employer sends employees out of state on work related business, which of
the following must he do to ensure the appropriate workers? compensation coverage?
1.
