Property and Casualty Practice PSI
Exam Already Passed
Employees are barred from suing employers in court to obtain compensation for injuries covered
by workers' compensation because of which of the following doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance ✔✔Exclusive Remedy
Which of the following would trigger coverage under business income form with extra expense
coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
-Building inspectors fees after a loss
-Unit rent when tenant is liable ✔✔Carpet Cleaning after a water main break
,All of the following would be considered an insured person under Part A of a personal
automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that they share liability with the
insured person.
-Anyone using the insured's car with the insured's permission or the reasonable belief that they
are entitled to do so.
-The named insured and members of the insured's family for the ownership, maintenance and use
of any auto or trailer.
-Other persons or organizations for their liability from an accident involving an auto or trailer
used by the insured but owned by that person or organization. ✔✔Other persons or organizations
for their liability from an accident involving an auto or trailer used by the insured but owned by
that person or organization.
A DP-2 policy covers all of the following EXCEPT:
-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
,-accidental discharge of steam from a plumbing system. ✔✔damage to awnings from weight and
snow
An extended reporting period attached to a general liability policy provides coverage in which of
the following ways?
-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms. ✔✔It provides coverage for
claims made outside the policy term.
Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
-Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims ✔✔Installing a fire hose
system on every floor of a building
, Which of the following persons is covered for accidental injury on the insured's premises under
the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker ✔✔a volunteer worker
Which Homeowner Form covers fixtures, installations, and improvements made or acquired at
the insured's expense?
HO-6
HO-5
HO-4
HO-2 ✔✔HO-4
Which policy condition is invoked when parties to an insured loss cannot agree?
Exam Already Passed
Employees are barred from suing employers in court to obtain compensation for injuries covered
by workers' compensation because of which of the following doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance ✔✔Exclusive Remedy
Which of the following would trigger coverage under business income form with extra expense
coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
-Building inspectors fees after a loss
-Unit rent when tenant is liable ✔✔Carpet Cleaning after a water main break
,All of the following would be considered an insured person under Part A of a personal
automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that they share liability with the
insured person.
-Anyone using the insured's car with the insured's permission or the reasonable belief that they
are entitled to do so.
-The named insured and members of the insured's family for the ownership, maintenance and use
of any auto or trailer.
-Other persons or organizations for their liability from an accident involving an auto or trailer
used by the insured but owned by that person or organization. ✔✔Other persons or organizations
for their liability from an accident involving an auto or trailer used by the insured but owned by
that person or organization.
A DP-2 policy covers all of the following EXCEPT:
-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
,-accidental discharge of steam from a plumbing system. ✔✔damage to awnings from weight and
snow
An extended reporting period attached to a general liability policy provides coverage in which of
the following ways?
-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms. ✔✔It provides coverage for
claims made outside the policy term.
Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
-Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims ✔✔Installing a fire hose
system on every floor of a building
, Which of the following persons is covered for accidental injury on the insured's premises under
the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker ✔✔a volunteer worker
Which Homeowner Form covers fixtures, installations, and improvements made or acquired at
the insured's expense?
HO-6
HO-5
HO-4
HO-2 ✔✔HO-4
Which policy condition is invoked when parties to an insured loss cannot agree?
