Louisiana Property and Casualty Final Exam Questions and Correct Answers

A Contract of Adhesion means: terms are drawn up by the insurer and the insured adheres to the terms A name schedule bond covers several specific individuals who are named on the bond. New employees who replace schedule employees are: automatically covered for thirty (30) days, but the coverage is limited to a few thousand dollars Which of the following peril is usually found in an Inland Marine policy, but not in a Fire policy? Transportation In Inland Marine Insurance, inherent vice refers to: quality in property that causes it to destroy itself If a named insured had an insurable interest in numerous properties at dozens of locations, any policy providing specific insurance for each property would have to be written on a: schedule coverage basis Which of the following on an unendorsed policy contains liabiliy? HO-8 Which of the following would be covered under the theft peril of a homeowner's policy? Theft from the insured's dwelling which has been left unlocked when the insured was on vacation An insurer that is an unincorporated aggregation of persons, operating individually and collectively through an attorney-in-act to provide insurance among themselves is known as: a reciprocal insurer Which of the following are insured under the personal liability coverage of homeowners' policy? Golf mobiles on or off the premises, while used for golfing purposes Personal Injury liability includes all of the following types of injuries, except: bodily injury Particular average in Ocean Marine Coverage means: partial loss not shared by others