Property Certification Exam Questions and Answers 2023
with complete solution
Which peril is covered under the Dwelling Form DP-1?
A
Weight of ice, snow or sleet
B
Lightning
C
Falling objects
D
Freezing
lightning
Which of the following is an example of a peril?
A
Indifference
B
Unlocked front door to a home
C
Earthquake
D
Gasoline stored on the premises
Earthquake
Which section of an insurance policy states the obligations of the parties to the
contract?
A
Conditions
B
Insuring Clause
C
Declarations
D
Exclusions
conditons
Who of the following could hold a temporary insurance license?
A
A personal representative of a deceased agent
B
NAIC President
C
A direct marketing agent
,D
Real estate agent selling mortgage protection
A personal representative of a deceased agent
Marie was mugged on the street when a stranger grabbed her purse and
threatened to knock her down. This act describes which of the following?
A
Larceny
B
Robbery
C
Theft
D
Burglary
robbery
The Personal Articles Floater provides for all of the following, except:
A
Insures commercial property
B
Coverage is provided for open perils
C
Claims are settled on an actual cash value basis
D
Worldwide coverage
Insures commercial property
Which of the following forms provides named perils coverage to the owner of a
condominium or cooperative unit?
A
HO-5
B
HO-4
C
HO-8
D
HO-6
HO-6
Liability coverage is excluded under a personal auto policy for ownership,
maintenance, or use of all of the following, except:
A
Motorcycle
B
Off-road vehicle used by insured in an emergency
C
, A company car
D
Vehicles preparing for a race
Off-road vehicle used by insured in an emergency
Which of the following coverages will protect the insured against drivers who
have inadequate or insufficient coverage to respond to claims?
A
Uninsured
B
Other than Collision
C
At-Fault
D
Underinsured
underinsured
Lightning strikes a home and starts a fire that destroys the structure and its
contents. The lightning is the:
A
Pure Risk
B
Proximate cause
C
Speculative Risk
D
Indirect loss
Proximate cause
All of the following are duties of the insured following a loss, except:
A
Separate damaged from undamaged property
B
Protect property from additional damage
C
Inventory lost property
D
Notify the insurance department in case of loss
notify the ins dept in case of loss
Which of the following is not an element of a legally enforceable contract?
A
Negotiation
B
Consideration
C
with complete solution
Which peril is covered under the Dwelling Form DP-1?
A
Weight of ice, snow or sleet
B
Lightning
C
Falling objects
D
Freezing
lightning
Which of the following is an example of a peril?
A
Indifference
B
Unlocked front door to a home
C
Earthquake
D
Gasoline stored on the premises
Earthquake
Which section of an insurance policy states the obligations of the parties to the
contract?
A
Conditions
B
Insuring Clause
C
Declarations
D
Exclusions
conditons
Who of the following could hold a temporary insurance license?
A
A personal representative of a deceased agent
B
NAIC President
C
A direct marketing agent
,D
Real estate agent selling mortgage protection
A personal representative of a deceased agent
Marie was mugged on the street when a stranger grabbed her purse and
threatened to knock her down. This act describes which of the following?
A
Larceny
B
Robbery
C
Theft
D
Burglary
robbery
The Personal Articles Floater provides for all of the following, except:
A
Insures commercial property
B
Coverage is provided for open perils
C
Claims are settled on an actual cash value basis
D
Worldwide coverage
Insures commercial property
Which of the following forms provides named perils coverage to the owner of a
condominium or cooperative unit?
A
HO-5
B
HO-4
C
HO-8
D
HO-6
HO-6
Liability coverage is excluded under a personal auto policy for ownership,
maintenance, or use of all of the following, except:
A
Motorcycle
B
Off-road vehicle used by insured in an emergency
C
, A company car
D
Vehicles preparing for a race
Off-road vehicle used by insured in an emergency
Which of the following coverages will protect the insured against drivers who
have inadequate or insufficient coverage to respond to claims?
A
Uninsured
B
Other than Collision
C
At-Fault
D
Underinsured
underinsured
Lightning strikes a home and starts a fire that destroys the structure and its
contents. The lightning is the:
A
Pure Risk
B
Proximate cause
C
Speculative Risk
D
Indirect loss
Proximate cause
All of the following are duties of the insured following a loss, except:
A
Separate damaged from undamaged property
B
Protect property from additional damage
C
Inventory lost property
D
Notify the insurance department in case of loss
notify the ins dept in case of loss
Which of the following is not an element of a legally enforceable contract?
A
Negotiation
B
Consideration
C
