Property and casualty insurance Exam Questions and Answers Part one

Property and casualty insurance Exam Questions and Answers Part one Which of the following are the authorities that an agent can hold? - Correct Answer Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - Correct Answer Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - Correct Answer Temporary worker The major portion of the premium of an equipment breakdown policy pays? - Correct Answer For inspections and examinations An insured owns a building valued at $400,000. To comply with the 80% coinsurance provision of his insurance policy, how , much should he insure the property for? - Correct Answer 80% of the property's replacement cost or more