Pearson VUE: Property Insurance, Insurance,
Casualty FL. Exam Questions and Answers
Question 1
Which of the following losses would be covered under an Inside the Premises -
Robbery and Safe Burglary of Other Property Form?
A.Valuable papers kept in a locked safe are destroyed by fire.
A.
Valuable papers kept in a locked safe are destroyed by fire.
B.Cash is stolen from a locked safe that shows no signs of forced entry.
B.
Cash is stolen from a locked safe that shows no signs of forced entry.
C.Jewelry is stolen from a locked safe that shows no signs of forced entry.
C.
Jewelry is stolen from a locked safe that shows no signs of forced entry.
D.Gold bars are stolen from a locked safe that shows signs of forced entry.
D.
Gold bars are stolen from a locked safe that shows signs of forced entry.
Correct Answer
d
Question 2
An insured owns an antique marble statue valued at $3,000, which is covered under a
Personal Articles Floater. Damage to the statue would be covered in all of the
following situations EXCEPT:
A. it was accidentally damaged by a housekeeper
B. it was damaged in a flood
C. a guest of the insured maliciously damaged it
D. the insured threw it
Correct Answer
D
Page 1 of 236
,Question 3
X insures a home for $100,000 under a Dwelling Property Broad Form (DP-2). If a
flood causes $1,000 in damage to the home's contents, which of the following
MAXIMUM amounts will X's insurer pay?
A. $0
B. $800
C. $900
D. $1,000
Correct Answer
A
Question 4
The attempt to restore an insured to the insured's previous financial condition before
the loss occurred is BEST described as:
A.indemnification
A.
indemnification
B.subrogation
B.
subrogation
C.coinsurance
C.
coinsurance
D.self-insurance
D.
self-insurance
Correct Answer
a
Page 2 of 236
,Question 5
A building adjacent to an insured's business is severely damaged by fire. Because of
the nature of the damage to the adjoining property, the insured is denied access to
the business by the fire department. If the insured's property is covered under a
Business Income Coverage Form, the insurer will cover the loss of earnings for a
MAXIMUM of:
A. three weeks
B. thirty days
C. sixty days
D. six months
Correct Answer
A
Question 6
The Insurance Commissioner may issue a limited insurance representative license to
an individual who wants to sell which of the following types of policies?
A.Fire
A.
Fire
B.Automobile
B.
Automobile
C.Mortgage Guaranty
C.
Mortgage Guaranty
D.Health
D.
Health
Correct Answer
B
Page 3 of 236
, Question 7
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
A.
Bodily Injury limits of liability
B.The insurance company's promise to pay on the behalf of the insured
B.
The insurance company's promise to pay on the behalf of the insured
C.Exclusions regarding certain uses of the auto
C.
Exclusions regarding certain uses of the auto
D.The obligations of the insured in the event of a loss
D.
The obligations of the insured in the event of a loss
Correct Answer
b
Question 8
Which of the following policies is intended to broaden the coverages and increase the
limits of underlying insurance?
A.Owners and Contractors Protective Liability
B.Umbrella Liability
C.Excess Liability
D.Commercial General Liability
Correct Answer
b
Page 4 of 236
Casualty FL. Exam Questions and Answers
Question 1
Which of the following losses would be covered under an Inside the Premises -
Robbery and Safe Burglary of Other Property Form?
A.Valuable papers kept in a locked safe are destroyed by fire.
A.
Valuable papers kept in a locked safe are destroyed by fire.
B.Cash is stolen from a locked safe that shows no signs of forced entry.
B.
Cash is stolen from a locked safe that shows no signs of forced entry.
C.Jewelry is stolen from a locked safe that shows no signs of forced entry.
C.
Jewelry is stolen from a locked safe that shows no signs of forced entry.
D.Gold bars are stolen from a locked safe that shows signs of forced entry.
D.
Gold bars are stolen from a locked safe that shows signs of forced entry.
Correct Answer
d
Question 2
An insured owns an antique marble statue valued at $3,000, which is covered under a
Personal Articles Floater. Damage to the statue would be covered in all of the
following situations EXCEPT:
A. it was accidentally damaged by a housekeeper
B. it was damaged in a flood
C. a guest of the insured maliciously damaged it
D. the insured threw it
Correct Answer
D
Page 1 of 236
,Question 3
X insures a home for $100,000 under a Dwelling Property Broad Form (DP-2). If a
flood causes $1,000 in damage to the home's contents, which of the following
MAXIMUM amounts will X's insurer pay?
A. $0
B. $800
C. $900
D. $1,000
Correct Answer
A
Question 4
The attempt to restore an insured to the insured's previous financial condition before
the loss occurred is BEST described as:
A.indemnification
A.
indemnification
B.subrogation
B.
subrogation
C.coinsurance
C.
coinsurance
D.self-insurance
D.
self-insurance
Correct Answer
a
Page 2 of 236
,Question 5
A building adjacent to an insured's business is severely damaged by fire. Because of
the nature of the damage to the adjoining property, the insured is denied access to
the business by the fire department. If the insured's property is covered under a
Business Income Coverage Form, the insurer will cover the loss of earnings for a
MAXIMUM of:
A. three weeks
B. thirty days
C. sixty days
D. six months
Correct Answer
A
Question 6
The Insurance Commissioner may issue a limited insurance representative license to
an individual who wants to sell which of the following types of policies?
A.Fire
A.
Fire
B.Automobile
B.
Automobile
C.Mortgage Guaranty
C.
Mortgage Guaranty
D.Health
D.
Health
Correct Answer
B
Page 3 of 236
, Question 7
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
A.
Bodily Injury limits of liability
B.The insurance company's promise to pay on the behalf of the insured
B.
The insurance company's promise to pay on the behalf of the insured
C.Exclusions regarding certain uses of the auto
C.
Exclusions regarding certain uses of the auto
D.The obligations of the insured in the event of a loss
D.
The obligations of the insured in the event of a loss
Correct Answer
b
Question 8
Which of the following policies is intended to broaden the coverages and increase the
limits of underlying insurance?
A.Owners and Contractors Protective Liability
B.Umbrella Liability
C.Excess Liability
D.Commercial General Liability
Correct Answer
b
Page 4 of 236
