Property and Casualty Insurance Washington State Actual Test Answered

Practice Test- Property and Casualty Insurance Washington State
Study online at https://quizlet.com/_6o0zwy
1. Punitive damages are intended to do all of the following EXCEPT
1.
compensate for actual financial losses.
2.
discourage others from doing wrong.
3.
discipline the insured.
4.
make an example of bad behavior.: compensate for actual financial losses
2. When an insured selects symbol 2 on the automobile declarations, indi-
cating coverage for any auto titled to the insured, which of the following
automobile types will be covered?
1.
any auto
2.
mobile equipment
3.
owned autos only
4.
temporary substituted: owned autos only
3. All of the following are exclusions are found under the personal auto policy
Part A liability coverage, EXCEPT
1.
damage to property owned or being transported by the insured.
2.
damage to property rented to, used by, or in the care of the insured.
3.
motorized vehicles with fewer than four wheels or designed for off road use.
4.
bodily Injury to an insured?s nonresident family member or relative.: bodily
injury to an insureds non resident family member or relative
4. All of the following would be found on a declarations page EXCEPT
1.
limits of insurance.
2.
address of insured.
3.
policy exclusions.



, Practice Test- Property and Casualty Insurance Washington State
Study online at https://quizlet.com/_6o0zwy
4.
costs for coverage.: policy exclusions
5. Which of the following would be covered perils under the DP-1 Basic policy
form?
1.
falling objects
2.
freezing of plumbing
3.
riot or civil commotion
4.
weight of ice or snow: riot or civil commotion
6. Which of the following is TRUE when the insured?s limits of insurance apply
per occurrence?
1.
The insured pays one deductible for grocery cart damage to a car occurring
on different days.
2.
Coverage is triggered for smoke damage to siding caused by repeated acts
by insured's neighbor.
3.
The insured?s claim for damage to his basement walls caused by settling is
approved.
4.
Liability is NOT covered in a second crash because limits were exceeded in
a previous crash: coverage is triggered for smoke damage to siding caused by
repeated acts by insured's neighbor
7. For the purpose of workers? compensation insurance all of the following
are subject to the workers? compensation laws, either as an employer or
employee EXCEPT
1.
an insurance agent.
2.
a building contractor.
3.
the employee of a party store.
4.
a crew member of an ocean going vessel.: a crew member of an ocean going
vessel


, Practice Test- Property and Casualty Insurance Washington State
Study online at https://quizlet.com/_6o0zwy
8. Which characteristic of an insurance contract states that when a loss oc-
curs the insured should be restored to the financial condition he was in before
the loss?
1.
contract of indemnity
2.
personal contract
3.
contract of adhesion
4.
unilateral contract: contract of indemnity
9. Which of the following limits of insurance on the dwelling are available and
apply to Coverage D-Fair Rental Value?
1.
10%
2.
15%
3.
20%
4.
25%: 20%
10. How does the BOP differ from the CPP?
1.
The BOP covers property damage only.
2.
The BOP is specifically designed for larger companies.
3.
The BOP covers small businesses that have multiple locations.
4.
The BOP prepackages a group of coverages desirable to small businesses.-
: The BOP prepackages a group of coverages desirable to small businesses
11. Which document would a lender ask an insured for as evidence that a
policy has been written?
1.
Certificate
2.
Declarations
3.
Endorsement