Property and Casualty Practice PSI Exam
l l l l l
$1,000l-lANS-WhichloflthelfollowinglislthelstandardlamountloflCoveragelA-
dwellinglprovidedlbylthelHO-6lUnit-OwnerslPolicy?
-$500
-$1,000
-$5,000
-$10,000
$100,000l-lANS-
Anlinsuredlwithlsplitlliabilityllimitslofl100/300/100lislatlfaultlinlanlautomobilelaccidentlandlthelotherlvehi
clelsustainsl$6,500linlpropertyldamageslaslwelllasltwoloccupantslhavelbodilylinjurylandlarelclaimingl$
150,000leach.lWhatlislthelmostlinsurancelwilllpayltoleachloccupant?
-$100,000
-$150,000
-$200.000
-$300,000
$2,500l-lANS-HomeownerlFormlHO-
2lprovideslcoveragelforllossloflappliances,lcarpeting,landlotherlhouseholdlfurnishingslforlalmaximumlo
flhowlmuch?
-$500
-$2,500
-$3,000
-$4,500
168lhoursl-lANS-Alsinglelearthquakelconstituteslalllshockslthatloccurlwithinlwhichltimelperiod?
-16
-24
-48
-168
20l%l-lANS-
WhichloflthelfollowingllimitsloflinsurancelonltheldwellinglarelavailablelandlapplyltolCoveragelD-
FairlRentallValue?
-10l%
-15l%
-20l%
-25l%
,Alcrewlmemberloflanloceanlgoinglvessell-lANS-
Forlthelpurposeloflworkers'lcompensationlinsurancelallloflthelfollowinglarelsubjectltolthelworkers'lcom
pensationllaws,leitherlaslanlemployerlorlemployeelEXCEPT:
-Anlinsurancelagent
-Albuildinglcontractor
-Thelemployeeloflalpartylstore
-Alcrewlmemberloflanloceanlgoinglvessel
alvolunteerlworkerl-lANS-
Whichloflthelfollowinglpersonslislcoveredlforlaccidentallinjurylonlthelinsured'slpremiseslunderlthelcom
merciallgenerallliabilitylmedicallpayments?
-altenantloflthelpremises
-anlemployeeloflthelinsured
-personlinjuredlinlwarfare
-alvolunteerlworker
afterlalcarlcrashlyoulhaveltolrentlalreplacementlvehiclel-lANS-
AllloflthelfollowinglarelexampleslofldirectllosslEXCEPT:
-afterlalcarlcrashlyoulhaveltolrentlalreplacementlvehicle
-alfireldestroyslyourlpersonallpropertylinlyourlrentallapartment.
-althiefltakeslyourlcomputerlfromlyourllocker.
-altrucklthrowslalstonelandlcrackslyourlwindshield.
Arbitrationl-lANS-Whichlpolicylconditionlislinvokedlwhenlpartiesltolanlinsuredllosslcannotlagree?
-Arbitration
-Assignment
-Liberalization
-Subrogation
attorneyl-lANS-
WhichloflthelfollowinglprofessionalslwouldlpurchaselErrorslAndlOmissionslinsuranceltolmanagelthellia
bilitylrisklassociatedlwithltheirlbusinesslendeavors?
-attorney
-caregiver
-doctor
-fireman
, Autolnotltitledltolanlinsuredlbutlavailablelforlregularluseloflnamedlinsuredlorlfamilylmemberl-lANS-
AllloflthelfollowingldescribelalnonownedlautolunderlthelcommerciallautolpolicylSymboll9lEXCEPT:
-Autolnotltitledltolanlinsuredlbutlavailablelforlregularluseloflnamedlinsuredlorlfamilylmember
-Nonownedlautolisldesignatedlforlliabilitylcoveragelonly
-Includeslautoslownedlbylemployeeslbutlusedlinlthelinsured'slbusiness
-Autoslusedlinlthelinsured'slbusinesslthatlarelnotlleased,lhired,lrented,lorlborrowed.
Builderslfloaterlforml-lANS-
AllloflthelfollowinglarelthelmostlcommonlylusedlpersonallinlandlmarinelformslEXCEPT:
-Personallpropertylform
-Personallarticleslform
-Builder'slfloaterlform
-Personalleffectslform
Burningldebrislnearlthelbuildinglonlalcalmlsunnyldayl-lANS-
Whichloflthelfollowinglhazardslislanlexampleloflalphysicallhazard?
-Burningldebrislnearlthelbuildinglonlalcalmlsunnylday
-Leavinglthelshedlunlockedlatlnightlbecauselcontentslarelinsured
-Backinglintolthelgarageldoorlbecauselyoulwantlinsuranceltolpaylforlalnewlone
-Leavinglthelkeyslinlthelcarlandldoorslunlocked
BusinesslIncomelCoveragelformsl-lANS-
Whichlcoveragelformslarelusedlwhenlthelinsuredlsustainsllossloflrevenueldueltoldirectlphysicalllosslf
romlalperillinsuredlagainstlthatlforceslthelinsuredltolsuspendloperationslduringlthelperiodloflrestorati
on?
-CausesloflLosslforms
-BusinesslIncomelCoveragelforms
-Suspensionlforms
-CommerciallCasualtylforms
CarpetlCleaninglafterlalwaterlmainlbreakl-lANS-
Whichloflthelfollowinglwouldltriggerlcoveragelunderlbusinesslincomelformlwithlextralexpenselcoverag
e?
-Carpetlcleaninglafterlalwaterlmainlbreak
-Employeelpaylafterlalbuildinglstructurelisldamaged
-Buildinglinspectorslfeeslafterlalloss
-Unitlrentlwhenltenantlislliable
Certificatel-lANS-
Whichldocumentlwouldlallenderlasklanlinsuredlforlaslevidencelthatlalpolicylhaslbeenlwritten?
l l l l l
$1,000l-lANS-WhichloflthelfollowinglislthelstandardlamountloflCoveragelA-
dwellinglprovidedlbylthelHO-6lUnit-OwnerslPolicy?
-$500
-$1,000
-$5,000
-$10,000
$100,000l-lANS-
Anlinsuredlwithlsplitlliabilityllimitslofl100/300/100lislatlfaultlinlanlautomobilelaccidentlandlthelotherlvehi
clelsustainsl$6,500linlpropertyldamageslaslwelllasltwoloccupantslhavelbodilylinjurylandlarelclaimingl$
150,000leach.lWhatlislthelmostlinsurancelwilllpayltoleachloccupant?
-$100,000
-$150,000
-$200.000
-$300,000
$2,500l-lANS-HomeownerlFormlHO-
2lprovideslcoveragelforllossloflappliances,lcarpeting,landlotherlhouseholdlfurnishingslforlalmaximumlo
flhowlmuch?
-$500
-$2,500
-$3,000
-$4,500
168lhoursl-lANS-Alsinglelearthquakelconstituteslalllshockslthatloccurlwithinlwhichltimelperiod?
-16
-24
-48
-168
20l%l-lANS-
WhichloflthelfollowingllimitsloflinsurancelonltheldwellinglarelavailablelandlapplyltolCoveragelD-
FairlRentallValue?
-10l%
-15l%
-20l%
-25l%
,Alcrewlmemberloflanloceanlgoinglvessell-lANS-
Forlthelpurposeloflworkers'lcompensationlinsurancelallloflthelfollowinglarelsubjectltolthelworkers'lcom
pensationllaws,leitherlaslanlemployerlorlemployeelEXCEPT:
-Anlinsurancelagent
-Albuildinglcontractor
-Thelemployeeloflalpartylstore
-Alcrewlmemberloflanloceanlgoinglvessel
alvolunteerlworkerl-lANS-
Whichloflthelfollowinglpersonslislcoveredlforlaccidentallinjurylonlthelinsured'slpremiseslunderlthelcom
merciallgenerallliabilitylmedicallpayments?
-altenantloflthelpremises
-anlemployeeloflthelinsured
-personlinjuredlinlwarfare
-alvolunteerlworker
afterlalcarlcrashlyoulhaveltolrentlalreplacementlvehiclel-lANS-
AllloflthelfollowinglarelexampleslofldirectllosslEXCEPT:
-afterlalcarlcrashlyoulhaveltolrentlalreplacementlvehicle
-alfireldestroyslyourlpersonallpropertylinlyourlrentallapartment.
-althiefltakeslyourlcomputerlfromlyourllocker.
-altrucklthrowslalstonelandlcrackslyourlwindshield.
Arbitrationl-lANS-Whichlpolicylconditionlislinvokedlwhenlpartiesltolanlinsuredllosslcannotlagree?
-Arbitration
-Assignment
-Liberalization
-Subrogation
attorneyl-lANS-
WhichloflthelfollowinglprofessionalslwouldlpurchaselErrorslAndlOmissionslinsuranceltolmanagelthellia
bilitylrisklassociatedlwithltheirlbusinesslendeavors?
-attorney
-caregiver
-doctor
-fireman
, Autolnotltitledltolanlinsuredlbutlavailablelforlregularluseloflnamedlinsuredlorlfamilylmemberl-lANS-
AllloflthelfollowingldescribelalnonownedlautolunderlthelcommerciallautolpolicylSymboll9lEXCEPT:
-Autolnotltitledltolanlinsuredlbutlavailablelforlregularluseloflnamedlinsuredlorlfamilylmember
-Nonownedlautolisldesignatedlforlliabilitylcoveragelonly
-Includeslautoslownedlbylemployeeslbutlusedlinlthelinsured'slbusiness
-Autoslusedlinlthelinsured'slbusinesslthatlarelnotlleased,lhired,lrented,lorlborrowed.
Builderslfloaterlforml-lANS-
AllloflthelfollowinglarelthelmostlcommonlylusedlpersonallinlandlmarinelformslEXCEPT:
-Personallpropertylform
-Personallarticleslform
-Builder'slfloaterlform
-Personalleffectslform
Burningldebrislnearlthelbuildinglonlalcalmlsunnyldayl-lANS-
Whichloflthelfollowinglhazardslislanlexampleloflalphysicallhazard?
-Burningldebrislnearlthelbuildinglonlalcalmlsunnylday
-Leavinglthelshedlunlockedlatlnightlbecauselcontentslarelinsured
-Backinglintolthelgarageldoorlbecauselyoulwantlinsuranceltolpaylforlalnewlone
-Leavinglthelkeyslinlthelcarlandldoorslunlocked
BusinesslIncomelCoveragelformsl-lANS-
Whichlcoveragelformslarelusedlwhenlthelinsuredlsustainsllossloflrevenueldueltoldirectlphysicalllosslf
romlalperillinsuredlagainstlthatlforceslthelinsuredltolsuspendloperationslduringlthelperiodloflrestorati
on?
-CausesloflLosslforms
-BusinesslIncomelCoveragelforms
-Suspensionlforms
-CommerciallCasualtylforms
CarpetlCleaninglafterlalwaterlmainlbreakl-lANS-
Whichloflthelfollowinglwouldltriggerlcoveragelunderlbusinesslincomelformlwithlextralexpenselcoverag
e?
-Carpetlcleaninglafterlalwaterlmainlbreak
-Employeelpaylafterlalbuildinglstructurelisldamaged
-Buildinglinspectorslfeeslafterlalloss
-Unitlrentlwhenltenantlislliable
Certificatel-lANS-
Whichldocumentlwouldlallenderlasklanlinsuredlforlaslevidencelthatlalpolicylhaslbeenlwritten?
