Texas Personal Lines Insurance Exam.
How does the mobilehome endorsement affect the other coverage of law or ordinance in a
homeowners policy?
In insurance, an offer is usually made when
An applicant submits an application to the insurer
Under a personal auto policy, in which of the following locations would a vehicle primarily garaged in
California be covered
Any other state
In a personal auto policy, the medical payments coverage is similar to
accident insurance, because it pays medical expenses regardless of fault
The Federal Fair Credit Reporting Act
Regulates consumer reports
For a contract to be enforceable by law, the purpose of the contract must be
Legal and not against public policy
In the personal auto policy, owned trailers being towed by an insured auto are automatically
covered for
UM coverage
The amount an insurer will pay under Coverage D(loss of use) depends on
The amount of coverage on the dwelling
An insured's house is damaged by a fire and is uninhabitable. AS a result, the insured has to rent an
apartment until repairs are made. A dwlling insurance policy will pay for the expense of renting the
apartment. Which type of broad or special form coverage does the insured have?
coverage E - additional living expense
All of the following are supplemental payments included in the liability section of a personal auto
policy EXCEPT
Up to $100 for the cost to secure the release of a vehicle from an impoundment lot following a
covered accident
Payment for medical expenses, loss of wages, funeral expenses,
special- special damages are tangible damages that can be specifically measured in dollar amounts
(such as out of pocket expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single amount is referred to as
Blanket
All of the following statements describe the concept of strict liability EXCEPT
, It is imposed on defendants engaged in hazardous activities
All of the following are conditions commonly found in the insurance policy EXCEPT
Insuring Agreement
What type of information would be found in a policy's insuring agreement?
Renewal Dates
An insurance contract must contain all of the following to be considered legally binding EXCEPT
Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur?
When an insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a portion of the loss no greater
than the amount the insurer bears to all the insurance covering the property is called
Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an
insurance contract?
Warranty
Which of the following would qualify as a competent party in an insurance contract
The applicant has a prior felony conviction
The proof of loss statement must be
in writing
Who is responsible for filling out a notice of claim form
Insured
What is the minimum amount of coverage that should be carried on an HO2 on a home that was
purchased 4 years ago for $75,000, which today has a replacement value of $100,000
$80,000 - due to it needing to be insured at least 80% of rc in order to collect the full rc of a partial
loss
Which of the following property coverages would provide protection to contents damaged by fire?
Coverage C
If an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it from
a covered peril, the policy will pay up to
$500
Under which of the following conditions can broad theft coverage be added to a dwelling policy
if the insured is owner-occupant of the dwelling
Under the dwelling policy, coverage c - personal property is
How does the mobilehome endorsement affect the other coverage of law or ordinance in a
homeowners policy?
In insurance, an offer is usually made when
An applicant submits an application to the insurer
Under a personal auto policy, in which of the following locations would a vehicle primarily garaged in
California be covered
Any other state
In a personal auto policy, the medical payments coverage is similar to
accident insurance, because it pays medical expenses regardless of fault
The Federal Fair Credit Reporting Act
Regulates consumer reports
For a contract to be enforceable by law, the purpose of the contract must be
Legal and not against public policy
In the personal auto policy, owned trailers being towed by an insured auto are automatically
covered for
UM coverage
The amount an insurer will pay under Coverage D(loss of use) depends on
The amount of coverage on the dwelling
An insured's house is damaged by a fire and is uninhabitable. AS a result, the insured has to rent an
apartment until repairs are made. A dwlling insurance policy will pay for the expense of renting the
apartment. Which type of broad or special form coverage does the insured have?
coverage E - additional living expense
All of the following are supplemental payments included in the liability section of a personal auto
policy EXCEPT
Up to $100 for the cost to secure the release of a vehicle from an impoundment lot following a
covered accident
Payment for medical expenses, loss of wages, funeral expenses,
special- special damages are tangible damages that can be specifically measured in dollar amounts
(such as out of pocket expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single amount is referred to as
Blanket
All of the following statements describe the concept of strict liability EXCEPT
, It is imposed on defendants engaged in hazardous activities
All of the following are conditions commonly found in the insurance policy EXCEPT
Insuring Agreement
What type of information would be found in a policy's insuring agreement?
Renewal Dates
An insurance contract must contain all of the following to be considered legally binding EXCEPT
Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur?
When an insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a portion of the loss no greater
than the amount the insurer bears to all the insurance covering the property is called
Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an
insurance contract?
Warranty
Which of the following would qualify as a competent party in an insurance contract
The applicant has a prior felony conviction
The proof of loss statement must be
in writing
Who is responsible for filling out a notice of claim form
Insured
What is the minimum amount of coverage that should be carried on an HO2 on a home that was
purchased 4 years ago for $75,000, which today has a replacement value of $100,000
$80,000 - due to it needing to be insured at least 80% of rc in order to collect the full rc of a partial
loss
Which of the following property coverages would provide protection to contents damaged by fire?
Coverage C
If an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it from
a covered peril, the policy will pay up to
$500
Under which of the following conditions can broad theft coverage be added to a dwelling policy
if the insured is owner-occupant of the dwelling
Under the dwelling policy, coverage c - personal property is
