1
Fx property and casualty Exam 2024
m m m m m
1. In mdwellingmpolicies,mautomaticmincreasemin minsurancemis
Page m|m1
(Choosemfrommthemfollowingmoptions)
1. Coveragemformnewlymacquiredmproperty.
2. Coveragembymendorsement.
3. Automaticmcoverage.
4. Coveragemwithoutmadditional mpremium.m-mANS>>m 2.mCoveragembymendorsement.
m2.mPersonal mbusinessmpropertymoutminmthemopenmismcoveredmundermCommercial mPropert
ymPolicymonlymwhile
(Choosemfrommthemfollowingmoptions)
1. Within m150mfeetmof mthemdescribedmpremises.
2. Within m100mfeetmof mthemdescribedmpremises.
3. Locatedmon mthemdescribedmpremises.
4. Specificallymdescribedmon mthemdeclarations.m-
mANS>>m 2.mWithin m100mfeetmof mthemdescribed mpremises.
3.mUndermamCommercial mCrimemCoveragemPart,mfollowingmamcoveredmloss,mtheminsuredm
m
mustmsubmitmamwritten mproof mof mlossmwithin
(Choosemfrommthemfollowingmoptions)
1. 60mdays.
2. 90mdays.
3. 120mdays.
4. Onemyear.m-mANS>>m 3.m120mdays.
m4.mWhichmofmthemfollowingmprovisionsmrequiresmanminsurermtomdocumentmall mcorresponde
ncemwith man minsured?
(Choosemfrommthemfollowingmoptions)
1. Claimsmsettlement
2. Entiremcontract
3. Errorsmandmomissions
4. Unfairmtradempracticesm-mANS>>m 3.mErrorsmandmomissions
m 5.mWhich mstatementmismtruemregardingmWorkersmCompensation mlaw min mCalifornia?
1
, 2
(Choosemfrommthemfollowingmoptions)
1. Injuredmworkersmmaymsuemanmemployermformnegligencemonlymwhenmfaultmismclear
lymestablishedmagainstmthememployer.
2. Injuredmworkersmmaymalwaysmsuemanmemployermformnegligencemregardlessmof mthemdegr
eemof mfaultmagainstmthememployer.
3. Injuredmworkersmcannotmsueman memployermformnegligence. Page m|m2
4. Injuredmworkersmmaymsuemanmemployermformnegligencemwhenmanymdegreemofmfaultmisme
stablishedmagainstmthememployer.m-
mANS>>m 3.mInjured mworkersmcannotmsueman memployermformnegligence.
m 6.mIn mordermtomdeterminemwhethermtomtestmamlifeminsurancemapplicantmformHIVmormAIDS,mt
heminsurermmaymdomwhichmof mthemfollowing:mI.mBasemitsmdecisionmtomtestmonmthemincidence
mof mAIDS minmthemperson'smZIP mcode;mII.mTestmonlympersonsmwhomaremsinglemandmundermag
em30;
III.mEstablish mminimummuniformmstandardsmformtestingmallmapplicantsmforminsurance;mormIV
.mNotmtestmanyonemformHIVmormAIDS,mbecausemitmismdiscriminatory.
(Choosemfrommthemfollowingmoptions)
1. IIImonly.
2. ImandmII.
3. IVmonly.
4. I,mII,mIIImandmIV.m-mANS>>m 1.mIIImonly.
m7.mAmprovision mfoundmin mmostmclaims-
mademliabilitympolicymformsmthatmprovidemamspecifiedmperiodmofmtimemfollowingmthempolicyme
xpiration,mduringmwhichmclaimsmarisingmoutmof moccurrencesmduringmthempolicymperiodmmaym
bemmademagainstmthempolicymatmnomextramcost,mismcalled
(Choosemfrommthemfollowingmoptions)
1. Extension mof mcoverage.
2. Supplemental mextendedmreportingmperiod.
3. Gracemperiod.
4. Basicmextendedmreportingmperiod.m-mANS>>m 4.mBasicmextendedmreportingmperiod.
m8.mThempersonalminjurymliabilitymendorsementmtomanmHOmpolicymappliesmtomallmthemfollowin
gmEXCEPT
(Choosemfrommthemfollowingmoptions)
1. Falsemarrest.
2. Amthirdmpartymbreaksmamlegmwhen mtheminsuredmknocksmhimmdown.
3. Slander.
4. Invasion mof mprivacy.m-
mANS>>m 2.mA mthirdmpartymbreaksmamlegmwhen mtheminsured mknocksmhimmdown.
2
, 3
m9.mWhatmlicensemallowsmanmagentmtomtransactmonlymautomobile,mpersonal mwatercraft,mres
idential mproperty,mearthquake,mflood,minlandmmarinemandmumbrellaminsurance?
(Choosemfrommthemfollowingmoptions)
1. LimitedmLines Page m|m3
2. ApplicablemLines
3. Personal mLines
4. FiremandmCasualtym-
mANS>>m 3.mPersonal mLines
m10.mNormmhasmamPersonal mAutomPolicymwith mboth mcomprehensivem(othermthanmcollision)
mandmcollision mcoverage.mHismcarmismstolenmandmrecovered mfivemdaysmlater.mIf mNormmclaim
smtransportation mexpensesmof m$20mpermday,mhow mmuch mwill mhismpolicympay?
(Choosemfrommthemfollowingmoptions)
1. $60
2. $75
3. $100
4. $45m-mANS>>m 1.m$60
m 11.mThemStandardmFiremPolicymwouldmprovidemcoveragemin mwhich mof mthesemcases?
(Choosemfrommthemfollowingmoptions)
1. Insured'smneglect
2. Fire
3. Actsmof mwar
4. Theftm-mANS>>m 2.mFire
m 12.mThemmajormportion mof mthempremiummformamboilermandmmachinerympolicympays
(Choosemfrommthemfollowingmoptions)
1. Repairmtomprevent.
2. CoveragemformBIm&mPDmof mothers.
3. Formreplacementmparts.
4. Forminspectionsmandmexaminations.m-mANS>>m 4.mForminspectionsmandmexaminations.
m13.mWhichmofmthemfollowingmhomeownersmformsmismdesignedmformindividualsmthatmown ma
ndmresidemin mamcondominium?
(Choosemfrommthemfollowingmoptions)
1. HO-6
2. HO-2
3
, 4
3. HO-3
4. HO-4m-mANS>>m 1.mHO-6
m 14.mUndermthemdwellingmpolicy,mCoveragemCm-mPersonal mPropertymis
Page m|m4
(Choosemfrommthemfollowingmoptions)
1. Amprohibitedmcoveragemin mthemdwellingmform.
2. Limitedmtom50%mof mthemamountmof minsurancemthatmismwritten masmCoveragemA.
3. Limitedmtomcoveringmamservant'smpropertymwhilematmtheminsuredmlocation.
4. Automaticallymprovidedmasm50%mof mCoveragemA.m-
mANS>>m 3.mLimitedmtomcovering mamservant'smpropertymwhile matmtheminsured mlocation.
m15.mIf mamclaimantmcontactsmanmagentmregardingmhermlifeminsurancempolicymandmclearlymex
pectsmamresponse,mwithin mwhatmspan mof mtimemmustmamcompletemresponsembemissued?
(Choosemfrommthemfollowingmoptions)
1. 15mdays
2. 21mdays
3. 31mdays
4. 90mdaysm-mANS>>m 1.m15mdays
m16.mWhilemcuttingmgrassminmyourmyardmwithmyourmbrother'smborrowedmlawnmower,mthemfu
elmlinemrupturesmandmthemlawnmowermismdestroyedminmthemfire.mHowmwillmyourmHOmliability
mreact?
(Choosemfrommthemfollowingmoptions)
1. Itmwill mpaymyourmbrother'smpropertyminsurancemdeductible.
2. YourmHOmliabilitymandmyourmbrother'smpropertymcoveragemwillmsharemon mamproratedmbasis.
3. Itmwill mcovermthemdamage.
4. Itmwill mnotmcovermthemdamagembecausemyou maremnotmliable.m-
mANS>>m 3.mItmwill mcovermthemdamage.
m17.mAccordingmtomthemstandardmmortgagemclause,mwhomhasmthemrightmtombringmamsuitmin mth
eirmown mnamemtomrecovermdamages,mpaympolicympremiums,mandmsubmitmamproof mof mloss?
(Choosemfrommthemfollowingmoptions)
1. Insurancemcompany
2. Governor
3. Policyholder
4. Mortgageem-mANS>>m 4.mMortgagee
4
Fx property and casualty Exam 2024
m m m m m
1. In mdwellingmpolicies,mautomaticmincreasemin minsurancemis
Page m|m1
(Choosemfrommthemfollowingmoptions)
1. Coveragemformnewlymacquiredmproperty.
2. Coveragembymendorsement.
3. Automaticmcoverage.
4. Coveragemwithoutmadditional mpremium.m-mANS>>m 2.mCoveragembymendorsement.
m2.mPersonal mbusinessmpropertymoutminmthemopenmismcoveredmundermCommercial mPropert
ymPolicymonlymwhile
(Choosemfrommthemfollowingmoptions)
1. Within m150mfeetmof mthemdescribedmpremises.
2. Within m100mfeetmof mthemdescribedmpremises.
3. Locatedmon mthemdescribedmpremises.
4. Specificallymdescribedmon mthemdeclarations.m-
mANS>>m 2.mWithin m100mfeetmof mthemdescribed mpremises.
3.mUndermamCommercial mCrimemCoveragemPart,mfollowingmamcoveredmloss,mtheminsuredm
m
mustmsubmitmamwritten mproof mof mlossmwithin
(Choosemfrommthemfollowingmoptions)
1. 60mdays.
2. 90mdays.
3. 120mdays.
4. Onemyear.m-mANS>>m 3.m120mdays.
m4.mWhichmofmthemfollowingmprovisionsmrequiresmanminsurermtomdocumentmall mcorresponde
ncemwith man minsured?
(Choosemfrommthemfollowingmoptions)
1. Claimsmsettlement
2. Entiremcontract
3. Errorsmandmomissions
4. Unfairmtradempracticesm-mANS>>m 3.mErrorsmandmomissions
m 5.mWhich mstatementmismtruemregardingmWorkersmCompensation mlaw min mCalifornia?
1
, 2
(Choosemfrommthemfollowingmoptions)
1. Injuredmworkersmmaymsuemanmemployermformnegligencemonlymwhenmfaultmismclear
lymestablishedmagainstmthememployer.
2. Injuredmworkersmmaymalwaysmsuemanmemployermformnegligencemregardlessmof mthemdegr
eemof mfaultmagainstmthememployer.
3. Injuredmworkersmcannotmsueman memployermformnegligence. Page m|m2
4. Injuredmworkersmmaymsuemanmemployermformnegligencemwhenmanymdegreemofmfaultmisme
stablishedmagainstmthememployer.m-
mANS>>m 3.mInjured mworkersmcannotmsueman memployermformnegligence.
m 6.mIn mordermtomdeterminemwhethermtomtestmamlifeminsurancemapplicantmformHIVmormAIDS,mt
heminsurermmaymdomwhichmof mthemfollowing:mI.mBasemitsmdecisionmtomtestmonmthemincidence
mof mAIDS minmthemperson'smZIP mcode;mII.mTestmonlympersonsmwhomaremsinglemandmundermag
em30;
III.mEstablish mminimummuniformmstandardsmformtestingmallmapplicantsmforminsurance;mormIV
.mNotmtestmanyonemformHIVmormAIDS,mbecausemitmismdiscriminatory.
(Choosemfrommthemfollowingmoptions)
1. IIImonly.
2. ImandmII.
3. IVmonly.
4. I,mII,mIIImandmIV.m-mANS>>m 1.mIIImonly.
m7.mAmprovision mfoundmin mmostmclaims-
mademliabilitympolicymformsmthatmprovidemamspecifiedmperiodmofmtimemfollowingmthempolicyme
xpiration,mduringmwhichmclaimsmarisingmoutmof moccurrencesmduringmthempolicymperiodmmaym
bemmademagainstmthempolicymatmnomextramcost,mismcalled
(Choosemfrommthemfollowingmoptions)
1. Extension mof mcoverage.
2. Supplemental mextendedmreportingmperiod.
3. Gracemperiod.
4. Basicmextendedmreportingmperiod.m-mANS>>m 4.mBasicmextendedmreportingmperiod.
m8.mThempersonalminjurymliabilitymendorsementmtomanmHOmpolicymappliesmtomallmthemfollowin
gmEXCEPT
(Choosemfrommthemfollowingmoptions)
1. Falsemarrest.
2. Amthirdmpartymbreaksmamlegmwhen mtheminsuredmknocksmhimmdown.
3. Slander.
4. Invasion mof mprivacy.m-
mANS>>m 2.mA mthirdmpartymbreaksmamlegmwhen mtheminsured mknocksmhimmdown.
2
, 3
m9.mWhatmlicensemallowsmanmagentmtomtransactmonlymautomobile,mpersonal mwatercraft,mres
idential mproperty,mearthquake,mflood,minlandmmarinemandmumbrellaminsurance?
(Choosemfrommthemfollowingmoptions)
1. LimitedmLines Page m|m3
2. ApplicablemLines
3. Personal mLines
4. FiremandmCasualtym-
mANS>>m 3.mPersonal mLines
m10.mNormmhasmamPersonal mAutomPolicymwith mboth mcomprehensivem(othermthanmcollision)
mandmcollision mcoverage.mHismcarmismstolenmandmrecovered mfivemdaysmlater.mIf mNormmclaim
smtransportation mexpensesmof m$20mpermday,mhow mmuch mwill mhismpolicympay?
(Choosemfrommthemfollowingmoptions)
1. $60
2. $75
3. $100
4. $45m-mANS>>m 1.m$60
m 11.mThemStandardmFiremPolicymwouldmprovidemcoveragemin mwhich mof mthesemcases?
(Choosemfrommthemfollowingmoptions)
1. Insured'smneglect
2. Fire
3. Actsmof mwar
4. Theftm-mANS>>m 2.mFire
m 12.mThemmajormportion mof mthempremiummformamboilermandmmachinerympolicympays
(Choosemfrommthemfollowingmoptions)
1. Repairmtomprevent.
2. CoveragemformBIm&mPDmof mothers.
3. Formreplacementmparts.
4. Forminspectionsmandmexaminations.m-mANS>>m 4.mForminspectionsmandmexaminations.
m13.mWhichmofmthemfollowingmhomeownersmformsmismdesignedmformindividualsmthatmown ma
ndmresidemin mamcondominium?
(Choosemfrommthemfollowingmoptions)
1. HO-6
2. HO-2
3
, 4
3. HO-3
4. HO-4m-mANS>>m 1.mHO-6
m 14.mUndermthemdwellingmpolicy,mCoveragemCm-mPersonal mPropertymis
Page m|m4
(Choosemfrommthemfollowingmoptions)
1. Amprohibitedmcoveragemin mthemdwellingmform.
2. Limitedmtom50%mof mthemamountmof minsurancemthatmismwritten masmCoveragemA.
3. Limitedmtomcoveringmamservant'smpropertymwhilematmtheminsuredmlocation.
4. Automaticallymprovidedmasm50%mof mCoveragemA.m-
mANS>>m 3.mLimitedmtomcovering mamservant'smpropertymwhile matmtheminsured mlocation.
m15.mIf mamclaimantmcontactsmanmagentmregardingmhermlifeminsurancempolicymandmclearlymex
pectsmamresponse,mwithin mwhatmspan mof mtimemmustmamcompletemresponsembemissued?
(Choosemfrommthemfollowingmoptions)
1. 15mdays
2. 21mdays
3. 31mdays
4. 90mdaysm-mANS>>m 1.m15mdays
m16.mWhilemcuttingmgrassminmyourmyardmwithmyourmbrother'smborrowedmlawnmower,mthemfu
elmlinemrupturesmandmthemlawnmowermismdestroyedminmthemfire.mHowmwillmyourmHOmliability
mreact?
(Choosemfrommthemfollowingmoptions)
1. Itmwill mpaymyourmbrother'smpropertyminsurancemdeductible.
2. YourmHOmliabilitymandmyourmbrother'smpropertymcoveragemwillmsharemon mamproratedmbasis.
3. Itmwill mcovermthemdamage.
4. Itmwill mnotmcovermthemdamagembecausemyou maremnotmliable.m-
mANS>>m 3.mItmwill mcovermthemdamage.
m17.mAccordingmtomthemstandardmmortgagemclause,mwhomhasmthemrightmtombringmamsuitmin mth
eirmown mnamemtomrecovermdamages,mpaympolicympremiums,mandmsubmitmamproof mof mloss?
(Choosemfrommthemfollowingmoptions)
1. Insurancemcompany
2. Governor
3. Policyholder
4. Mortgageem-mANS>>m 4.mMortgagee
4
