South Carolina Property and Casualty
Insurance Actual Exam 170 Question with
Correct Detailed Verified Answers from
Verified Sources Rated A+ Grade Newest
Version
Which of the following is a formal program developed by an employer
to fund its losses as an alternative to the purchase of insurance? ---
correct precise answers ---Self Insurance
In comparison to consumer reports, which of the following describes a
unique characteristic of investigative consumer reports? --- correct
precise answers ---The customer's associates, friends, and neighbors
provide the reports data
,Which of the following losses would most likely NOT be covered under
coverage A in the dwelling policy? --- correct precise answers ---Theft
of a renter's lawn mower used to service the premises
An insurer CANNOT non renew a homeowners policy because of a
_________. --- correct precise answers ---A loss caused by an Act of
God
Which of the following endorsement is used by individual business
owners who use company vehicles for personal use rather than
purchasing a personal vehicle? --- correct precise answers ---
Individual Named Insured
Which of the following protects consumers against the circulation of
inaccurate or obsolete personal or financial information? --- correct
precise answers ---The Fair Credit Reporting Act
An applicant is denied insurance because of information found on a
consumer report. Which of the following requires that the insurance
company supply the applicant with the name and address of the
consumer reporting company? --- correct precise answers ---The Fair
Credit Reporting Act
,The personal injury liability endorsement to an HO policy applies to
all the following EXCEPT _______. --- correct precise answers ---A
third party breaks a leg when the insured knocks him down
An insured condominium unit owner wants to purchase fire and
extended coverage for personal property and liability coverage for
himself and his family members. He should purchase __________. ---
correct precise answers ---HO-6
HMS Toys carries more inventory from October 1st to December 31st.
Which of these would provide higher coverage limits during those
months and lower limits the rest of the year? --- correct precise
answers ---Peak Season
Uninsured motorist bodily injury coverage pays for all of the
following EXCEPT: --- correct precise answers ---Down payment on a
new vehicle
Which of the following would NOT be considered part of the insured
location under the liability section of a homeowners policy? --- correct
precise answers ---Vacant farmland owned by the insured
, An insured was involved in an automobile accident for which the
insured was at fault. Which of the following coverages would pay for
damage to the insured's automobile? --- correct precise answers ---
Collision
Who are required to be members of the SC Property and Casualty
Insurance Guaranty Association? --- correct precise answers ---All
Admitted P&C insurers
The part of the policy that sets forth the rules of conduct, duties, and
obligations of the parties is called the ___________. --- correct precise
answers ---Conditions
Limited fungi, wet or dry rot, or bacteria endorsement in HO policies
applies to _________. --- correct precise answers ---Property and
Liability losses
Conducting insurance in this state without a license would be
considered a ____________. --- correct precise answers ---
Misdemeanor
Insurance Actual Exam 170 Question with
Correct Detailed Verified Answers from
Verified Sources Rated A+ Grade Newest
Version
Which of the following is a formal program developed by an employer
to fund its losses as an alternative to the purchase of insurance? ---
correct precise answers ---Self Insurance
In comparison to consumer reports, which of the following describes a
unique characteristic of investigative consumer reports? --- correct
precise answers ---The customer's associates, friends, and neighbors
provide the reports data
,Which of the following losses would most likely NOT be covered under
coverage A in the dwelling policy? --- correct precise answers ---Theft
of a renter's lawn mower used to service the premises
An insurer CANNOT non renew a homeowners policy because of a
_________. --- correct precise answers ---A loss caused by an Act of
God
Which of the following endorsement is used by individual business
owners who use company vehicles for personal use rather than
purchasing a personal vehicle? --- correct precise answers ---
Individual Named Insured
Which of the following protects consumers against the circulation of
inaccurate or obsolete personal or financial information? --- correct
precise answers ---The Fair Credit Reporting Act
An applicant is denied insurance because of information found on a
consumer report. Which of the following requires that the insurance
company supply the applicant with the name and address of the
consumer reporting company? --- correct precise answers ---The Fair
Credit Reporting Act
,The personal injury liability endorsement to an HO policy applies to
all the following EXCEPT _______. --- correct precise answers ---A
third party breaks a leg when the insured knocks him down
An insured condominium unit owner wants to purchase fire and
extended coverage for personal property and liability coverage for
himself and his family members. He should purchase __________. ---
correct precise answers ---HO-6
HMS Toys carries more inventory from October 1st to December 31st.
Which of these would provide higher coverage limits during those
months and lower limits the rest of the year? --- correct precise
answers ---Peak Season
Uninsured motorist bodily injury coverage pays for all of the
following EXCEPT: --- correct precise answers ---Down payment on a
new vehicle
Which of the following would NOT be considered part of the insured
location under the liability section of a homeowners policy? --- correct
precise answers ---Vacant farmland owned by the insured
, An insured was involved in an automobile accident for which the
insured was at fault. Which of the following coverages would pay for
damage to the insured's automobile? --- correct precise answers ---
Collision
Who are required to be members of the SC Property and Casualty
Insurance Guaranty Association? --- correct precise answers ---All
Admitted P&C insurers
The part of the policy that sets forth the rules of conduct, duties, and
obligations of the parties is called the ___________. --- correct precise
answers ---Conditions
Limited fungi, wet or dry rot, or bacteria endorsement in HO policies
applies to _________. --- correct precise answers ---Property and
Liability losses
Conducting insurance in this state without a license would be
considered a ____________. --- correct precise answers ---
Misdemeanor
