BUSINESS INSURANCE ALL LINES ADJUSTER TEST
MULTIPLE CHOICE EXAM QUESTIONS AND
ANSWERS COMPLETE AND VERIFIED.
Which of the following statements regarding aircraft insurance is
incorrect?
A. The physical damage coverage is written with a flat deductible.
B. Coverage for passengers can be excluded.
C. Special coverage must be arranged for Air Meet liability coverage.
D. Wear and tear is excluded.
Verified Answer -A. The physical damage coverage is written with a flat
deductible.
Most aircraft hull policies are written on a:
A. Replacement cost basis
B. Market value
C. Valued basis
D. Actual cash value basis
Verified Answer -C. Valued basis
A deductible that is commonly used in aircraft physical damage
insurance is usually:
A. A percentage of the value
B. A flat deductible
C. A disappearing deductible
D. A franchise deductible
Verified Answer -A. A percentage of the value
,The hull physical damage deductible applies to which of the following
losses?
A. Pilferage
B. Fire
C. Collision
D. Fire and explosion (except when caused by collision)
Verified Answer -C. Collision
The covered territory for aircraft coverage does not apply to which of the
following?
A. United States
B. Canada
C. Mexico
D. Puerto Rico
Verified Answer -D. Puerto Rico
Which of the following describes admitted aircraft liability?
A. Negligence is not a factor
B. Must prove legal liability
C. Based on a board review
D. Based on a limited threshold of damage
Verified Answer -A. Negligence is not a factor
What coverage under aircraft coverage can cover the injuries to crew
members as an
,optional coverage?
A. Liability coverage
B. Admitted liability
C. Medical payments
D. Workers compensation
Verified Answer -C. Medical payments
What type of physical damage coverage is needed by a company that
repairs aircraft for
damage to customer's property?
A. Garage liability coverage
B. Hangarkeeper's liability
C. General liability
D. Garagekeeper's legal liability
Verified Answer -B. Hangarkeeper's liability
Aircraft liability coverage is very similar to auto insurance coverage with
the following
exception:
A. Usually written with a deductible
B. Does not apply to property damage of others
C. Liability to passengers is treated as a separate exposure
D. Cannot exclude passenger liability
Verified Answer -C. Liability to passengers is treated as a separate
exposure
, Which of the following is not covered under aircraft hull insurance?
A. Personal effects
B. Fuselage
C. Wheels
D. Propeller
Verified Answer -A. Personal effects
Common carriers are responsible for damage to customer goods they
transport except for
damage resulting from:
A. Acts of God
B. Traffic Accidents
C. Load shifting
D. Poor vehicle maintenance
Verified Answer -A. Acts of God
Which of the following commercial inland marine coverage forms covers
sums due the
insured from customers which are uncollectible due to loss or damage of
records?
A. Equipment dealers
B. Electronic data processing
C. Valuable papers and records
D. Accounts receivable
Verified Answer -D. Accounts receivable
MULTIPLE CHOICE EXAM QUESTIONS AND
ANSWERS COMPLETE AND VERIFIED.
Which of the following statements regarding aircraft insurance is
incorrect?
A. The physical damage coverage is written with a flat deductible.
B. Coverage for passengers can be excluded.
C. Special coverage must be arranged for Air Meet liability coverage.
D. Wear and tear is excluded.
Verified Answer -A. The physical damage coverage is written with a flat
deductible.
Most aircraft hull policies are written on a:
A. Replacement cost basis
B. Market value
C. Valued basis
D. Actual cash value basis
Verified Answer -C. Valued basis
A deductible that is commonly used in aircraft physical damage
insurance is usually:
A. A percentage of the value
B. A flat deductible
C. A disappearing deductible
D. A franchise deductible
Verified Answer -A. A percentage of the value
,The hull physical damage deductible applies to which of the following
losses?
A. Pilferage
B. Fire
C. Collision
D. Fire and explosion (except when caused by collision)
Verified Answer -C. Collision
The covered territory for aircraft coverage does not apply to which of the
following?
A. United States
B. Canada
C. Mexico
D. Puerto Rico
Verified Answer -D. Puerto Rico
Which of the following describes admitted aircraft liability?
A. Negligence is not a factor
B. Must prove legal liability
C. Based on a board review
D. Based on a limited threshold of damage
Verified Answer -A. Negligence is not a factor
What coverage under aircraft coverage can cover the injuries to crew
members as an
,optional coverage?
A. Liability coverage
B. Admitted liability
C. Medical payments
D. Workers compensation
Verified Answer -C. Medical payments
What type of physical damage coverage is needed by a company that
repairs aircraft for
damage to customer's property?
A. Garage liability coverage
B. Hangarkeeper's liability
C. General liability
D. Garagekeeper's legal liability
Verified Answer -B. Hangarkeeper's liability
Aircraft liability coverage is very similar to auto insurance coverage with
the following
exception:
A. Usually written with a deductible
B. Does not apply to property damage of others
C. Liability to passengers is treated as a separate exposure
D. Cannot exclude passenger liability
Verified Answer -C. Liability to passengers is treated as a separate
exposure
, Which of the following is not covered under aircraft hull insurance?
A. Personal effects
B. Fuselage
C. Wheels
D. Propeller
Verified Answer -A. Personal effects
Common carriers are responsible for damage to customer goods they
transport except for
damage resulting from:
A. Acts of God
B. Traffic Accidents
C. Load shifting
D. Poor vehicle maintenance
Verified Answer -A. Acts of God
Which of the following commercial inland marine coverage forms covers
sums due the
insured from customers which are uncollectible due to loss or damage of
records?
A. Equipment dealers
B. Electronic data processing
C. Valuable papers and records
D. Accounts receivable
Verified Answer -D. Accounts receivable
