1|Page
Cheat Sheet - Property & Casualty Exam || Most
Recent Exam Actual Complete Real Verified Exam
Questions and Correct Answers (Verified Answers) |
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Exam!!!
Anything that increases the chance of loss is known as
a(n):
A. risk
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
,2|Page
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
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
, 3|Page
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
D. The obligations of the insured in the event of a loss -
Answer-B
Products Liability coverage would insure damages that
arise from which of the following situations?
A. A manufacturer is required to recall a defective product.
B. A contractor installs inferior-grade siding on a building.
Cheat Sheet - Property & Casualty Exam || Most
Recent Exam Actual Complete Real Verified Exam
Questions and Correct Answers (Verified Answers) |
Already Graded A+ | Guaranteed Success!! Newest
Exam!!!
Anything that increases the chance of loss is known as
a(n):
A. risk
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
,2|Page
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
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
, 3|Page
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
D. The obligations of the insured in the event of a loss -
Answer-B
Products Liability coverage would insure damages that
arise from which of the following situations?
A. A manufacturer is required to recall a defective product.
B. A contractor installs inferior-grade siding on a building.
