Idaho Property and Casualty Insurance Exam Ques
g g g g g g
ions and Answers Updated Latest
g g g g g
1. Theg termg floodg refersg tog allg ofg theg followingg EXCEPT
A. ang overflowg ofg inlandg tidalg waters
B. collapseg ofg landg asg ag resultg ofg excessiveg erosiong dueg tog flood
C. mudslides
D. sewerg backup
ANSgSewerg backup
2. Insurersgmaygbegclassifiedgaccordinggtogtheirgfinancialgstrength.gThisgin-
g cludesgallgofgthegfollowinggfactorsgEXCEPT...
A. Numberg ofg clients
B. Lossg experience
C. Investmentg performance
D. Operatingg expenses
ANSgNumberg ofg clients
1g/g38
,3. AngindividualgappliedgforgautoginsurancegandgobtainedgcoveragegfromgABCg I
C.gWhogisgtheg1stgpartygingthegcontract?
A. Theg insuredg (customer)
B. Theg insurerg (IC)
C. Theg agent
D. Theg insuredg andg agent
ANSgA.gTheg insuredg (customer)
4. Ifg ag fireg causesg damageg tog ag building,gtheg fireg is...
A. AgHazard
B. AgPeril
C. AgRisk
D. AngExposure
ANSg B.g Ag Peril
5. Wearingg ag seatbeltg ing ag carg isg ang exg ofg whichg methodg ofg managingg risk?
A. Retain
B. Avoid
C. Reduce
2g/g38
,D. Transfer
ANSg C.g Reduce
6. Tiffanygleavesghergcargunlockedgwhengsheggoesgshopping.gShegfiguresghergcarga
ndgitsgcontentsgareginsured,gsogtheregisgnogreasongtogworry.gWhichgtypegofhazardgis
thisgangexamplegof?
g
A. Physical
B. Morale
C. Careless
D. Moral
ANSgMorale
7. Ag floodg isg ang exampleg of....
A. Agperil
3g/g38
, B. Agmoralg hazard
C. Ag speculativeg risk
D. ag physicalg hazard
ANSgAgperil
8. AnginsurancegcompanygincorporatedgingWisconsingandgconductinggbusinessing
Wisconsingisgknowngasgagdomesticgcompany.gWhatgkindgofgcompanygaregtheygconsi
deredgifgtheygdogbusinessg ingMinnesota?
A. Alien
B. Domestic
C. Foreign
D. Nonadmitted
ANSgForeign
9. Allgofgthegfollowinggstatementsgaboutgagstockginsurancegcompanygaregtrueg
EXCEPT
A. Agstockg cog paysg dividendsg tog stockholders
B. Ag stockg cog isg ag participatingg co
C. Ag Stockg cog isg ag nonparticipatingg co
D. ag stockg coghasg shareholders
4g/g38
g g g g g g
ions and Answers Updated Latest
g g g g g
1. Theg termg floodg refersg tog allg ofg theg followingg EXCEPT
A. ang overflowg ofg inlandg tidalg waters
B. collapseg ofg landg asg ag resultg ofg excessiveg erosiong dueg tog flood
C. mudslides
D. sewerg backup
ANSgSewerg backup
2. Insurersgmaygbegclassifiedgaccordinggtogtheirgfinancialgstrength.gThisgin-
g cludesgallgofgthegfollowinggfactorsgEXCEPT...
A. Numberg ofg clients
B. Lossg experience
C. Investmentg performance
D. Operatingg expenses
ANSgNumberg ofg clients
1g/g38
,3. AngindividualgappliedgforgautoginsurancegandgobtainedgcoveragegfromgABCg I
C.gWhogisgtheg1stgpartygingthegcontract?
A. Theg insuredg (customer)
B. Theg insurerg (IC)
C. Theg agent
D. Theg insuredg andg agent
ANSgA.gTheg insuredg (customer)
4. Ifg ag fireg causesg damageg tog ag building,gtheg fireg is...
A. AgHazard
B. AgPeril
C. AgRisk
D. AngExposure
ANSg B.g Ag Peril
5. Wearingg ag seatbeltg ing ag carg isg ang exg ofg whichg methodg ofg managingg risk?
A. Retain
B. Avoid
C. Reduce
2g/g38
,D. Transfer
ANSg C.g Reduce
6. Tiffanygleavesghergcargunlockedgwhengsheggoesgshopping.gShegfiguresghergcarga
ndgitsgcontentsgareginsured,gsogtheregisgnogreasongtogworry.gWhichgtypegofhazardgis
thisgangexamplegof?
g
A. Physical
B. Morale
C. Careless
D. Moral
ANSgMorale
7. Ag floodg isg ang exampleg of....
A. Agperil
3g/g38
, B. Agmoralg hazard
C. Ag speculativeg risk
D. ag physicalg hazard
ANSgAgperil
8. AnginsurancegcompanygincorporatedgingWisconsingandgconductinggbusinessing
Wisconsingisgknowngasgagdomesticgcompany.gWhatgkindgofgcompanygaregtheygconsi
deredgifgtheygdogbusinessg ingMinnesota?
A. Alien
B. Domestic
C. Foreign
D. Nonadmitted
ANSgForeign
9. Allgofgthegfollowinggstatementsgaboutgagstockginsurancegcompanygaregtrueg
EXCEPT
A. Agstockg cog paysg dividendsg tog stockholders
B. Ag stockg cog isg ag participatingg co
C. Ag Stockg cog isg ag nonparticipatingg co
D. ag stockg coghasg shareholders
4g/g38
