An insured would be prudent to rely upon health insurance to cover injuries sustained in
an auto accident because medical payments coverage under a personal auto policy.
(PAP - has relatively low limits
If a group of insureds are rated by class, they will - be charged the same premium rate
Nelson is the president of his company and has a company car. He does not have a
personal auto policy because he does not own another vehicle. Which endorsement to
his company's business auto policy (BAP) will protect him when he uses another vehicle
- Drive other car (DOC) - Broadened Coverage For Named Individuals Endorsement
When the insurance policy provides crime coverage on a loss sustained basis,
coverage is triggered by the loss that occurs - During the policy period and is
discovered within one year after the policy period ends
The difference between the Pollution Liability Coverage (CG 00 39) and the Pollution
Liability coverage Form (CG 00 40) is that the Limited Coverage Form - does not clean
up cover cleanup costs
Felix owns a 80 year old apartment building with narrow stairways .if his building is
seriously damaged, Felix will not be permitted to rebuild it unless he makes the
stairways wide enough to meet the current building code. His property insurance will
NOT cover the extra cost of such an alteration if the policy contains a typical - ordinance
or law exclusion
Which are typically NOT among the provisions of a typical property and casualty
insurance policy - Waivers
Liability insurance basically involves - Tort law
Gina was the only employee in OK Convience Store at 3 a.m. when a gunman entered
the store and made her give him all the money in the cash register . which of the
following correctly describes the cause of loss? - Robbery
How long is an insurance producer's license valid - three years
Which of the following is NOT a category of workers compensation benefits payable to
an injured workers or his or her dependents? - Unemployment
Fran's personal auto policy (PAP) lists her three autos. Each uninsured motorists
coverage with a $50,000 limit. Fran is permanently disabled by injuries she receives
while riding in a friends car that is struck by a hit and run drivers, How much can Fran
expect to collect under her APP's uninsured motorists coverage - $50,000
Mandy is injured in a collision with a motorist who has no insurance coverage. However
she and her insurer cannot agree on the amount of compensation she is entitled to
, receive . The policy's arbitration provison will enable them to resolve their dispute over -
whether Mandy is entitled to damages and the amount of the damages
acting on reliable information the commissioner decides to take immediate action
against two insurance companies suspected of illegally fixing premium rates for a class
of insureds. Which disciplinary measure will the Commissioner take first? - issue a
cease and desist order
Genevieve wants to renew her Iowa insurance producer license. Which pf the following
is NOT a condition of renewal - report of insurance sales she made in the last two years
When a meeting with a prospect to discuss insurance, agent Tyler makes disparaging
comments about the financial stability and reputation of a competitor to dissuade the
prospect from purchasing its policies . Which unfair trad practice has Tyler Committed?
- Defamation
Overland Express Company is insured under a motor carrier policy. Which person is
NOT insured under the policy's liability coverage? - Sunshine Fruit Farms, whose
products are transported by Overland Express
Compensation for an employee's injury will be allowed only if the employer knew about
the injury or was notified of it within how many days after the injury contract - 90 days
after the injury occurred
The right of an employee to benefits under workers compensation laws does not exist if
the injury.. - was willfully caused , such as one that was intentionally self inflicted
Which of the following statements is correct about an insurer who issues automobile
liability policies to its insureds? - it must make available both uninsured and
underinsured motorists coverage
Which of the following is NOT a requirement to obtain a resident producer's license? -
appointment by at least two insurers
What action will result if a driver willfully or negligently fails to report a traffic accident -
Suspension of a resident's license or a nonresidents operating privilege's
Because Cassie's apartment is on the ground floor , she realizes it would be easy for a
thief to enter her apartment through an open window, so she keeps her windows closed
and locked at all times . What risk management technique did Cassie use? - Risk
Prevention
Will is employed as a roofer for Shingle-Minded Roofing . While working one day , Will
falls from a roof and injured. When he seeks to file workers compensation claim, he
discovers that Shingle Minded failed to secure workers compensation insurance which
is a violation of state law. In most states what should Will do? - Will should seek
an auto accident because medical payments coverage under a personal auto policy.
(PAP - has relatively low limits
If a group of insureds are rated by class, they will - be charged the same premium rate
Nelson is the president of his company and has a company car. He does not have a
personal auto policy because he does not own another vehicle. Which endorsement to
his company's business auto policy (BAP) will protect him when he uses another vehicle
- Drive other car (DOC) - Broadened Coverage For Named Individuals Endorsement
When the insurance policy provides crime coverage on a loss sustained basis,
coverage is triggered by the loss that occurs - During the policy period and is
discovered within one year after the policy period ends
The difference between the Pollution Liability Coverage (CG 00 39) and the Pollution
Liability coverage Form (CG 00 40) is that the Limited Coverage Form - does not clean
up cover cleanup costs
Felix owns a 80 year old apartment building with narrow stairways .if his building is
seriously damaged, Felix will not be permitted to rebuild it unless he makes the
stairways wide enough to meet the current building code. His property insurance will
NOT cover the extra cost of such an alteration if the policy contains a typical - ordinance
or law exclusion
Which are typically NOT among the provisions of a typical property and casualty
insurance policy - Waivers
Liability insurance basically involves - Tort law
Gina was the only employee in OK Convience Store at 3 a.m. when a gunman entered
the store and made her give him all the money in the cash register . which of the
following correctly describes the cause of loss? - Robbery
How long is an insurance producer's license valid - three years
Which of the following is NOT a category of workers compensation benefits payable to
an injured workers or his or her dependents? - Unemployment
Fran's personal auto policy (PAP) lists her three autos. Each uninsured motorists
coverage with a $50,000 limit. Fran is permanently disabled by injuries she receives
while riding in a friends car that is struck by a hit and run drivers, How much can Fran
expect to collect under her APP's uninsured motorists coverage - $50,000
Mandy is injured in a collision with a motorist who has no insurance coverage. However
she and her insurer cannot agree on the amount of compensation she is entitled to
, receive . The policy's arbitration provison will enable them to resolve their dispute over -
whether Mandy is entitled to damages and the amount of the damages
acting on reliable information the commissioner decides to take immediate action
against two insurance companies suspected of illegally fixing premium rates for a class
of insureds. Which disciplinary measure will the Commissioner take first? - issue a
cease and desist order
Genevieve wants to renew her Iowa insurance producer license. Which pf the following
is NOT a condition of renewal - report of insurance sales she made in the last two years
When a meeting with a prospect to discuss insurance, agent Tyler makes disparaging
comments about the financial stability and reputation of a competitor to dissuade the
prospect from purchasing its policies . Which unfair trad practice has Tyler Committed?
- Defamation
Overland Express Company is insured under a motor carrier policy. Which person is
NOT insured under the policy's liability coverage? - Sunshine Fruit Farms, whose
products are transported by Overland Express
Compensation for an employee's injury will be allowed only if the employer knew about
the injury or was notified of it within how many days after the injury contract - 90 days
after the injury occurred
The right of an employee to benefits under workers compensation laws does not exist if
the injury.. - was willfully caused , such as one that was intentionally self inflicted
Which of the following statements is correct about an insurer who issues automobile
liability policies to its insureds? - it must make available both uninsured and
underinsured motorists coverage
Which of the following is NOT a requirement to obtain a resident producer's license? -
appointment by at least two insurers
What action will result if a driver willfully or negligently fails to report a traffic accident -
Suspension of a resident's license or a nonresidents operating privilege's
Because Cassie's apartment is on the ground floor , she realizes it would be easy for a
thief to enter her apartment through an open window, so she keeps her windows closed
and locked at all times . What risk management technique did Cassie use? - Risk
Prevention
Will is employed as a roofer for Shingle-Minded Roofing . While working one day , Will
falls from a roof and injured. When he seeks to file workers compensation claim, he
discovers that Shingle Minded failed to secure workers compensation insurance which
is a violation of state law. In most states what should Will do? - Will should seek
