FLORIDA INSURANCE A D Banker: Comprehensive Test (VA) Exam Questions and Answers 100% Verified

Which type of cargo policy would cover a person who owns their own truck and hauls their own goods? a. truckers coverage form b. commercial articles floater c. motor truck cargo owners coverage form d. business auto policy - c. motor truck cargo owners coverage form An accounting firm discovers that someone has hacked into its records to steal the account numbers and routing numbers of its employees, and used these numbers to fraudulently draw funds from those accounts. Under which Commercial Crime Insuring Agreement would this loss be covered? a. computer fraud b. inside the premises - theft of money and securities c. money orders and counterfeit money d. forgery or alteration - a. computer fraud Which of the following is not eligible for coverage under the Personal Auto Policy? a. a vehicle with fewer than four wheels b. a van weighing 5,200 pounds c. a pickup d. a vehicle being used in a share-the-expense carpool - a. a vehicle with fewer than four wheels Which of the following is true regarding the HO-3 (Special Form)? a. the dwelling and other structures (Coverages A and B) are written on a named perils basis b. coverages A, B, and C are all written on a replacement cost basis c. the dwelling and other structures (coverages A and B) are written on an open perils basis d. the contents (Coverage C) are written on an open perils basis - c. the dwelling and other structures (coverages A and B) are written on an open perils basis The Discovery Form covers losses that are: a. discovered during the policy period, regardless of when they occurred b. discovered within 12 months of the loss c. discovered within 12 months of the policy period termination d. discovered to have occurred during the policy period - a. discovered during the policy period, regardless of when they occurred Following a large fire that requires several weeks of down time due to rebuilding, the Business Income Coverage Form will pay for: a. net income plus continuing expenses of the business b. gross income, less taxes c. property that is not covered under the building and personal property coverage form d. property that is spoiled because of loss of utility service - a. net income plus continuing expenses of the business Which of the following is true of a Dwelling form? a. the broad form covers the cost to repair defective plumbing b. the basic form covers the contents against theft c. the special form covers the building and other structures on an open perils basis d. the basic form covers the contents on an open perils basis - c. the special form covers the building and other structures on an open perils basis Under a Commercial General Liability policy, which of the following is not an insured contract? a. advertising contract b. sidetrack agreement c. elevator maintenance agreement d. lease of premises - a. advertising contract Which of the following is an example of burglary? a. the mysterious disappearance of property b. the taking of property from inside the premises by a person who has caused or threatened bodily harm c. the taking of property from inside the premises by a person who has entered through an unlocked window d. the taking of property by a person who hid inside a storeroom during the day and broke a window to get out at night - d. the taking of property by a person who hid inside a storeroom during the day and broke a window to get out at night