Property and casualty insurance Exam PART 1 |
Questions with 100% Correct Answers | Verified |
Latest Update 2026
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Terms in this set (259)
Which of the following are the Express and implied
authorities that an agent can hold?
Which of the following terms refers Permanent partial disability
to such disabilities the loss of a limb,
hearing , or eye sight?
Who is NOT considered an Temporary worker
employee in an commercial general
liability (CGL) policy?
The major portion of the premium of For inspections and examinations
an equipment breakdown policy
pays?
An insured owns a building valued at 80% of the property's replacement cost or more
$400,000. To comply with the 80%
coinsurance provision of his
insurance policy, how , much should
he insure the property for?
,Under the Fair Credit Reporting Act, Respond to the consumer's complaint.
if the consumer challenges the
accuracy of the information
contained in his or her report, the
reporting agency must
All of the following are found in the Exclusions.
declarations section of a policy
EXCEPT the
The cost of restoring farm records is Up to $2,000
an additional coverage offered
under a farm policy. How much will
the policy pay to restore the
records?
All of the following could be Dividends from a mutual insurer.
considered rebates if offered to an
insured in the sale of insurance
EXCEPT
Which of the following may be a) Computer hardware that is specifically
covered by electronic data scheduled.
processing coverage form under an
inland marine policy? b) Extra expense the insured incurs to continue the
business following a loss.
c) Data processing media, including magnetic
tapes or paper tapes, punch cards and discs
The party to a surety or fidelity bond Principal
who promises to fulfill the obligation
is the
, The transfer of money from inside a Computer fraud
banking premises to a person other
than a messenger outside those
premises or to a place outside those
premises is covered under which
commercial crime coverage?
Which of the following would NOT Bodily injury is caused by the insured's negligence
be covered under the liability while driving a three-wheel all-terrain vehicle.
section of a personal auto policy?
When a producer holding a 30 days.
certificate or a broker's license has a
change in his/her residence or
business address, he/she must notify
the Department of Insurance and
any company for which the producer
holds an appointment within
What will happen if a house covered The insurer pays the mortgagee according to the
by a standard mortgage clause is a mortgagee's interest in the property.
total loss?
What is the civil penalty for violating $10,000
a cease and desist order of the
Commissioner?
The Business Pursuits endorsement Business liability.
under Section II of a homeowners
policy will cover all of the following
EXCEPT
Questions with 100% Correct Answers | Verified |
Latest Update 2026
Save
Terms in this set (259)
Which of the following are the Express and implied
authorities that an agent can hold?
Which of the following terms refers Permanent partial disability
to such disabilities the loss of a limb,
hearing , or eye sight?
Who is NOT considered an Temporary worker
employee in an commercial general
liability (CGL) policy?
The major portion of the premium of For inspections and examinations
an equipment breakdown policy
pays?
An insured owns a building valued at 80% of the property's replacement cost or more
$400,000. To comply with the 80%
coinsurance provision of his
insurance policy, how , much should
he insure the property for?
,Under the Fair Credit Reporting Act, Respond to the consumer's complaint.
if the consumer challenges the
accuracy of the information
contained in his or her report, the
reporting agency must
All of the following are found in the Exclusions.
declarations section of a policy
EXCEPT the
The cost of restoring farm records is Up to $2,000
an additional coverage offered
under a farm policy. How much will
the policy pay to restore the
records?
All of the following could be Dividends from a mutual insurer.
considered rebates if offered to an
insured in the sale of insurance
EXCEPT
Which of the following may be a) Computer hardware that is specifically
covered by electronic data scheduled.
processing coverage form under an
inland marine policy? b) Extra expense the insured incurs to continue the
business following a loss.
c) Data processing media, including magnetic
tapes or paper tapes, punch cards and discs
The party to a surety or fidelity bond Principal
who promises to fulfill the obligation
is the
, The transfer of money from inside a Computer fraud
banking premises to a person other
than a messenger outside those
premises or to a place outside those
premises is covered under which
commercial crime coverage?
Which of the following would NOT Bodily injury is caused by the insured's negligence
be covered under the liability while driving a three-wheel all-terrain vehicle.
section of a personal auto policy?
When a producer holding a 30 days.
certificate or a broker's license has a
change in his/her residence or
business address, he/she must notify
the Department of Insurance and
any company for which the producer
holds an appointment within
What will happen if a house covered The insurer pays the mortgagee according to the
by a standard mortgage clause is a mortgagee's interest in the property.
total loss?
What is the civil penalty for violating $10,000
a cease and desist order of the
Commissioner?
The Business Pursuits endorsement Business liability.
under Section II of a homeowners
policy will cover all of the following
EXCEPT
