PSI PRACTICE QUESTIONS PROPERTY CASUALTY EXAM QUESTIONS
WITH COMPLETE SOLUTIONS VERIFIED 2024.
An insured operates a auto repair shop and has a garage coverage form with
garagekeepers insurance when an employee on a test drive with a customer's car
is involved in a crash. How will the customer's car be covered by the insured's
policy?
The customer's car is covered for any physical damage while in the custody of the
insured.
Liability arising out of any of the following is excluded from the personal and
advertising injury liability coverage EXCEPT
unknowingly inflicting injury that violates the rights of another.
A bank customer's identity was compromised and the thieves made numerous
purchases from a retailer by signing the customer's checks. When the bank
refused to make payment for the goods, the retailer brought suit against the bank.
Which coverage indemnified the bank for liability in the suit?
forgery and alteration
Workers' compensation coverage is rated on the basis of which of the following?
employer's payroll
Which of the following is the party who agrees to be responsible for loss in the
case of a fidelity bond?
the surety
The insured carries underinsured motorists coverage limits of 250/500/250 on his
automobile policy and his vehicle is struck by an at fault motorist who insures
, with the State minimum for liability of 20/40/10. If the insured brings suit for
bodily injury damages to himself of $500,000, how much will he recover from at
fault driver's policy?
$20k
Under the commercial general liability which one of the following is covered
under supplementary payments?
cost of bail bonds
When the insured's child spills red juice on the carpet of insured's covered
automobile, which of the following coverages will apply?
comprehensive
Which of the following best describes the commercial general liability?s general
aggregate annual limit as it applies to the coverage parts of the CGL?
Coverage A, B, and C apply in sum and are the most that will be paid subject to the
general aggregate annual limit.
Under liability coverage which of the following will trigger coverage for property
damage?
unintended damage to tangible property of others
All of the following are exclusions are found under the personal auto policy Part
A liability coverage, EXCEPT
bodily Injury to an insured's nonresident family member or relative.
All of the following specify limits of insurance for the commercial general liability
EXCEPT
legal defense.
WITH COMPLETE SOLUTIONS VERIFIED 2024.
An insured operates a auto repair shop and has a garage coverage form with
garagekeepers insurance when an employee on a test drive with a customer's car
is involved in a crash. How will the customer's car be covered by the insured's
policy?
The customer's car is covered for any physical damage while in the custody of the
insured.
Liability arising out of any of the following is excluded from the personal and
advertising injury liability coverage EXCEPT
unknowingly inflicting injury that violates the rights of another.
A bank customer's identity was compromised and the thieves made numerous
purchases from a retailer by signing the customer's checks. When the bank
refused to make payment for the goods, the retailer brought suit against the bank.
Which coverage indemnified the bank for liability in the suit?
forgery and alteration
Workers' compensation coverage is rated on the basis of which of the following?
employer's payroll
Which of the following is the party who agrees to be responsible for loss in the
case of a fidelity bond?
the surety
The insured carries underinsured motorists coverage limits of 250/500/250 on his
automobile policy and his vehicle is struck by an at fault motorist who insures
, with the State minimum for liability of 20/40/10. If the insured brings suit for
bodily injury damages to himself of $500,000, how much will he recover from at
fault driver's policy?
$20k
Under the commercial general liability which one of the following is covered
under supplementary payments?
cost of bail bonds
When the insured's child spills red juice on the carpet of insured's covered
automobile, which of the following coverages will apply?
comprehensive
Which of the following best describes the commercial general liability?s general
aggregate annual limit as it applies to the coverage parts of the CGL?
Coverage A, B, and C apply in sum and are the most that will be paid subject to the
general aggregate annual limit.
Under liability coverage which of the following will trigger coverage for property
damage?
unintended damage to tangible property of others
All of the following are exclusions are found under the personal auto policy Part
A liability coverage, EXCEPT
bodily Injury to an insured's nonresident family member or relative.
All of the following specify limits of insurance for the commercial general liability
EXCEPT
legal defense.
