ExamFx property and casualty | (976 Questions with 100% C
m m m m m m m m m
orrect Answers) m
1. Inmdwelling mpolicies,mautomaticmincreaseminminsurancemis
(Choosemfrommthemfollowing moptions)
1. Coveragemformnewlymacquiredmproperty.
2. Coveragembymendorsement.
3. Automaticmcoverage.
4. Coveragemwithoutmadditionalmpremium.m-mcorrectmanswer m2.mCoveragembymendorsement.
2. Personalmbusinessmpropertymoutminmthemopenmismcoveredmunder mCommercialmPropertymPolicymo
nlymwhile
(Choosemfrommthemfollowing moptions)
1. Withinm150mfeetmofmthemdescribedmpremise
s.
3. Within
2. Located m 100
m onm feet
themmdescribed
ofmthemdescribed
m premises.
m premise
4. s.
Specificallymdescribedmonmthemdeclarations.m-
m correctm answer m 2.m Withinm 100m feetm ofm them describedm premises.
3.mUnder mamCommercialmCrimemCoveragemPart,mfollowing mamcoveredmloss,mtheminsuredmmustmsub
mitmamwrittenmproofmofmlossmwithin
(Choosemfrommthemfollowing moptions)
1. 60mdays
.
3.m90
2. 120
m days
m days.
4.m.Onemyear.m-mcorrectmanswer m3.m120mdays.
4.mWhichmofmthemfollowing mprovisionsmrequiresmanminsurer mtomdocumentmallmcorrespondencemwit
hmanminsured?
(Choosemfrommthemfollowing moptions)
1. Claimsmsettlement
2. Entiremcontract
,3. Errorsmandmomissions
4. Unfair mtradempracticesm-mcorrectmanswer m3.mErrorsmandmomissions
5. Whichmstatementmismtruemregarding mWorkersmCompensationmlawminmCalifornia?
(Choosemfrommthemfollowing moptions)
1. Injuredmworkersmmaymsuemanmemployer mformnegligencemonlymwhenmfaultmismclearlymestablis
hedmagainstmthememployer.
2. Injuredmworkersmmaymalwaysmsuemanmemployer mformnegligencemregardlessmofmthemdegreemofmf
aultmagainstmthememployer.
3. Injuredmworkersmcannotmsuemanmemployer mformnegligence.
4. Injuredmworkersmmaymsuemanmemployer mformnegligencemwhenmanymdegreemofmfaultmismestablis
hedmagainstmthememployer.m-
m correctm answer m 3.m Injuredm workersm cannotm suem anm employer m for m negligence.
6. Inmorder mtomdeterminemwhether mtomtestmamlifeminsurancemapplicantmformHIVmormAIDS,mtheminsur
ermmaymdomwhichmofmthemfollowing:mI.mBasemitsmdecisionmtomtestmonmthemincidencemofmAIDSminmthe
m person'sm ZIPm code;m II.m Testm onlym personsm whom arem singlem andm under m agem 30;m III.m Establishm mini
mummuniformmstandardsmformtesting mallmapplicantsmfor minsurance;mormIV.mNotmtestmanyonemformHI
VmormAIDS,mbecausemitmismdiscriminatory.
(Choosemfrommthemfollowing moptions)
1. IIImonly.
2. ImandmII
.
4.mIV
3. I,mmII,
only
m IIIm andm IV.m -m correctm answer m 1.m IIIm only.
.
7. Amprovisionmfoundminmmostmclaims-
mademliabilitympolicymformsmthatmprovidemamspecifiedmperiodmofmtimemfollowing mthempolicymexpira
tion,mduring mwhichmclaimsmarising moutmofmoccurrencesmduring mthempolicymperiodmmaymbemmadema
gainstmthempolicymatmnomextramcost,mismcalled
(Choosemfrommthemfollowing moptions)
1. Extensionmofmcoverage.
2. Supplementalmextendedmreporting mperiod.
3. Gracemperiod.
4. Basicmextendedmreporting mperiod.m-mcorrectmanswer m4.mBasicmextendedmreporting mperiod.
8. ThempersonalminjurymliabilitymendorsementmtomanmHOmpolicymappliesmtomallmthemfollowing mEXCEPT
(Choosemfrommthemfollowing moptions)
,1. Falsemarrest.
2. Amthirdmpartymbreaksmamleg mwhenmtheminsuredmknocksmhimmdown.
3. Slander.
4. Invasionmofmprivacy.m-
m correctm answer m 2.m Am thirdm partym breaksm a m leg m whenm them insuredm knocksm him m down.
9. Whatmlicensemallowsmanmagentmtomtransactmonlymautomobile,mpersonalmwatercraft,mresiden
tialmproperty,mearthquake,mflood,minlandmmarinemandmumbrellaminsurance?
(Choosemfrommthemfollowing moptions)
1. LimitedmLines
2. ApplicablemLines
3. PersonalmLines
4. FiremandmCasualtym-mcorrectmanswer m3.mPersonalmLines
10. NormmhasmamPersonalmAutomPolicymwithmbothmcomprehensivem(other mthanmcollision)mandmco
llisionmcoverage.mHismcarmismstolenmandmrecoveredmfivemdaysmlater.mIfmNormmclaimsmtransportatio
nmexpensesmofm$20mpermday,mhowmmuchmwillmhismpolicympay?
(Choosemfrommthemfollowing moptions)
1. $60
2. $75
3. $100
4. $45m-mcorrectmanswer m1.m$60
11. ThemStandardmFiremPolicymwouldmprovidemcoverageminmwhichmofmthesemcases?
(Choosemfrommthemfollowing moptions)
1. Insured'smneglect
2. Fire
3. Actsmofmwar
4. Theftm-mcorrectmanswer m2.mFire
12. Themmajormportionmofmthempremiummformamboiler mandmmachinerympolicympays
(Choosemfrommthemfollowing moptions)
1. Repair mtomprevent.
2. CoveragemformBIm&mPDmofmothers.
3. Formreplacementmparts.
4. Forminspectionsmandmexaminations.m-mcorrectmanswer m4.mForminspectionsmandmexaminations.
, 13. Whichmofmthemfollowing mhomeownersmformsmismdesignedmformindividualsmthatmownmandmresid
eminmamcondominium?
(Choosemfrommthemfollowing moptions)
1. HO-6
2. HO-2
3. HO-3
4.mHO-4m-mcorrectmanswer m1.mHO-6
14. Under mthemdwelling mpolicy,mCoveragemCm-mPersonalmPropertymis
(Choosemfrommthemfollowing moptions)
1. Amprohibitedmcoverageminmthemdwelling mform.
2. Limitedmtom50%mofmthemamountmofminsurancemthatmismwrittenmasmCoveragemA.
3. Limitedmtomcovering mamservant'smpropertymwhilematmtheminsuredmlocation.
4. Automaticallymprovidedmasm50%mofmCoveragemA.m-
m correctm answer m 3.mLimitedm tom covering ma m servant'sm propertym whilem atm them insuredm locati
on.
15. Ifmamclaimantmcontactsmanmagentmregarding mhermlifeminsurancempolicymandmclearlymexpec
tsmamresponse,mwithinmwhatmspanmofmtimemmustmamcompletemresponsembemissued?
(Choosemfrommthemfollowing moptions)
1. 15mdays
2. 21mdays
3. 31mdays
4.m90mdaysm-mcorrectmanswer m1.m15mdays
16.mWhilemcutting mgrassminmyourmyardmwithmyourmbrother'smborrowedmlawnmower,mthemfuelm
linemrupturesmandmthemlawnmower mismdestroyedminmthemfire.mHowmwillmyourmHOmliabilitymrea
ct?
(Choosemfrommthemfollowing moptions)
1. Itmwillmpaymyourmbrother'smpropertyminsurancemdeductible.
2. YourmHOmliabilitymandmyourmbrother'smpropertymcoveragemwillmsharemonmamproratedmbasis.
3. Itmwillmcover mthemdamage.
4. Itmwillmnotmcover mthemdamagembecausemyoumaremnotmliable.m-
m correctm answer m 3.m Itm will m cover m them damage.
17. According mtomthemstandardmmortgagemclause,mwhomhasmthemrightmtombring mamsuitminmtheir m
ownmnamemtomrecover mdamages,mpaympolicympremiums,mandmsubmitmamproofmofmloss?
m m m m m m m m m
orrect Answers) m
1. Inmdwelling mpolicies,mautomaticmincreaseminminsurancemis
(Choosemfrommthemfollowing moptions)
1. Coveragemformnewlymacquiredmproperty.
2. Coveragembymendorsement.
3. Automaticmcoverage.
4. Coveragemwithoutmadditionalmpremium.m-mcorrectmanswer m2.mCoveragembymendorsement.
2. Personalmbusinessmpropertymoutminmthemopenmismcoveredmunder mCommercialmPropertymPolicymo
nlymwhile
(Choosemfrommthemfollowing moptions)
1. Withinm150mfeetmofmthemdescribedmpremise
s.
3. Within
2. Located m 100
m onm feet
themmdescribed
ofmthemdescribed
m premises.
m premise
4. s.
Specificallymdescribedmonmthemdeclarations.m-
m correctm answer m 2.m Withinm 100m feetm ofm them describedm premises.
3.mUnder mamCommercialmCrimemCoveragemPart,mfollowing mamcoveredmloss,mtheminsuredmmustmsub
mitmamwrittenmproofmofmlossmwithin
(Choosemfrommthemfollowing moptions)
1. 60mdays
.
3.m90
2. 120
m days
m days.
4.m.Onemyear.m-mcorrectmanswer m3.m120mdays.
4.mWhichmofmthemfollowing mprovisionsmrequiresmanminsurer mtomdocumentmallmcorrespondencemwit
hmanminsured?
(Choosemfrommthemfollowing moptions)
1. Claimsmsettlement
2. Entiremcontract
,3. Errorsmandmomissions
4. Unfair mtradempracticesm-mcorrectmanswer m3.mErrorsmandmomissions
5. Whichmstatementmismtruemregarding mWorkersmCompensationmlawminmCalifornia?
(Choosemfrommthemfollowing moptions)
1. Injuredmworkersmmaymsuemanmemployer mformnegligencemonlymwhenmfaultmismclearlymestablis
hedmagainstmthememployer.
2. Injuredmworkersmmaymalwaysmsuemanmemployer mformnegligencemregardlessmofmthemdegreemofmf
aultmagainstmthememployer.
3. Injuredmworkersmcannotmsuemanmemployer mformnegligence.
4. Injuredmworkersmmaymsuemanmemployer mformnegligencemwhenmanymdegreemofmfaultmismestablis
hedmagainstmthememployer.m-
m correctm answer m 3.m Injuredm workersm cannotm suem anm employer m for m negligence.
6. Inmorder mtomdeterminemwhether mtomtestmamlifeminsurancemapplicantmformHIVmormAIDS,mtheminsur
ermmaymdomwhichmofmthemfollowing:mI.mBasemitsmdecisionmtomtestmonmthemincidencemofmAIDSminmthe
m person'sm ZIPm code;m II.m Testm onlym personsm whom arem singlem andm under m agem 30;m III.m Establishm mini
mummuniformmstandardsmformtesting mallmapplicantsmfor minsurance;mormIV.mNotmtestmanyonemformHI
VmormAIDS,mbecausemitmismdiscriminatory.
(Choosemfrommthemfollowing moptions)
1. IIImonly.
2. ImandmII
.
4.mIV
3. I,mmII,
only
m IIIm andm IV.m -m correctm answer m 1.m IIIm only.
.
7. Amprovisionmfoundminmmostmclaims-
mademliabilitympolicymformsmthatmprovidemamspecifiedmperiodmofmtimemfollowing mthempolicymexpira
tion,mduring mwhichmclaimsmarising moutmofmoccurrencesmduring mthempolicymperiodmmaymbemmadema
gainstmthempolicymatmnomextramcost,mismcalled
(Choosemfrommthemfollowing moptions)
1. Extensionmofmcoverage.
2. Supplementalmextendedmreporting mperiod.
3. Gracemperiod.
4. Basicmextendedmreporting mperiod.m-mcorrectmanswer m4.mBasicmextendedmreporting mperiod.
8. ThempersonalminjurymliabilitymendorsementmtomanmHOmpolicymappliesmtomallmthemfollowing mEXCEPT
(Choosemfrommthemfollowing moptions)
,1. Falsemarrest.
2. Amthirdmpartymbreaksmamleg mwhenmtheminsuredmknocksmhimmdown.
3. Slander.
4. Invasionmofmprivacy.m-
m correctm answer m 2.m Am thirdm partym breaksm a m leg m whenm them insuredm knocksm him m down.
9. Whatmlicensemallowsmanmagentmtomtransactmonlymautomobile,mpersonalmwatercraft,mresiden
tialmproperty,mearthquake,mflood,minlandmmarinemandmumbrellaminsurance?
(Choosemfrommthemfollowing moptions)
1. LimitedmLines
2. ApplicablemLines
3. PersonalmLines
4. FiremandmCasualtym-mcorrectmanswer m3.mPersonalmLines
10. NormmhasmamPersonalmAutomPolicymwithmbothmcomprehensivem(other mthanmcollision)mandmco
llisionmcoverage.mHismcarmismstolenmandmrecoveredmfivemdaysmlater.mIfmNormmclaimsmtransportatio
nmexpensesmofm$20mpermday,mhowmmuchmwillmhismpolicympay?
(Choosemfrommthemfollowing moptions)
1. $60
2. $75
3. $100
4. $45m-mcorrectmanswer m1.m$60
11. ThemStandardmFiremPolicymwouldmprovidemcoverageminmwhichmofmthesemcases?
(Choosemfrommthemfollowing moptions)
1. Insured'smneglect
2. Fire
3. Actsmofmwar
4. Theftm-mcorrectmanswer m2.mFire
12. Themmajormportionmofmthempremiummformamboiler mandmmachinerympolicympays
(Choosemfrommthemfollowing moptions)
1. Repair mtomprevent.
2. CoveragemformBIm&mPDmofmothers.
3. Formreplacementmparts.
4. Forminspectionsmandmexaminations.m-mcorrectmanswer m4.mForminspectionsmandmexaminations.
, 13. Whichmofmthemfollowing mhomeownersmformsmismdesignedmformindividualsmthatmownmandmresid
eminmamcondominium?
(Choosemfrommthemfollowing moptions)
1. HO-6
2. HO-2
3. HO-3
4.mHO-4m-mcorrectmanswer m1.mHO-6
14. Under mthemdwelling mpolicy,mCoveragemCm-mPersonalmPropertymis
(Choosemfrommthemfollowing moptions)
1. Amprohibitedmcoverageminmthemdwelling mform.
2. Limitedmtom50%mofmthemamountmofminsurancemthatmismwrittenmasmCoveragemA.
3. Limitedmtomcovering mamservant'smpropertymwhilematmtheminsuredmlocation.
4. Automaticallymprovidedmasm50%mofmCoveragemA.m-
m correctm answer m 3.mLimitedm tom covering ma m servant'sm propertym whilem atm them insuredm locati
on.
15. Ifmamclaimantmcontactsmanmagentmregarding mhermlifeminsurancempolicymandmclearlymexpec
tsmamresponse,mwithinmwhatmspanmofmtimemmustmamcompletemresponsembemissued?
(Choosemfrommthemfollowing moptions)
1. 15mdays
2. 21mdays
3. 31mdays
4.m90mdaysm-mcorrectmanswer m1.m15mdays
16.mWhilemcutting mgrassminmyourmyardmwithmyourmbrother'smborrowedmlawnmower,mthemfuelm
linemrupturesmandmthemlawnmower mismdestroyedminmthemfire.mHowmwillmyourmHOmliabilitymrea
ct?
(Choosemfrommthemfollowing moptions)
1. Itmwillmpaymyourmbrother'smpropertyminsurancemdeductible.
2. YourmHOmliabilitymandmyourmbrother'smpropertymcoveragemwillmsharemonmamproratedmbasis.
3. Itmwillmcover mthemdamage.
4. Itmwillmnotmcover mthemdamagembecausemyoumaremnotmliable.m-
m correctm answer m 3.m Itm will m cover m them damage.
17. According mtomthemstandardmmortgagemclause,mwhomhasmthemrightmtombring mamsuitminmtheir m
ownmnamemtomrecover mdamages,mpaympolicympremiums,mandmsubmitmamproofmofmloss?
