Exam Fx-Property and Casualty Actual Exam
Questions with correct verified detailed
Answers 100% Solved latest version
Which commercial property form is used to insure buildings while
under construction? --- correct answer ---Builders risk
Which of the following information will be found in the Declarations
page of the commercial property policy? --- correct answer ---
description of the policy insured
An insured is injured while driving his own car. Which personal auto
coverage will pay for the loss? --- correct answer ---Part B-Medical
Payments
According to the BOP definitions, which of the following does NOT
mean valuable papers and records? --- correct answer ---Securities
Supplementary payments under the personal auto policy include all of
the following EXCEPT? --- correct answer ---unlimited cost of bail
bonds
Items of property that would be difficult to appraise after a loss are
best insured with --- correct answer ---stated-amount insurance
, Which of the following is NOT consideration in an insurance policy? --
- correct answer ---the application given to a perspective insured
Who is considered a nonresident agent? --- correct answer ---an agent
who is licensed in another state, but is allowed to transact insurance
in this state
Events or conditions that increase the chances of an insured loss
occurring are called? --- correct answer ---hazards
An insured has purchased a used car. When does collision coverage for
this car begin? --- correct answer ---immediately
An insurance agent sold an insurance policy to his spouse. What type
of transaction is this? --- correct answer ---controlled business
In the split limit coverage in personal auto policies, which limit
indicated the maximum amount the policy will pay for bodily injury
per person? --- correct answer ---1st limit
When a vehicle travels from one state to another, what happens to the
limits of policy liability in a personal auto policy? --- correct answer -
--They do not change
Which of the following coverages is NOT included in the DP-1 form? ---
correct answer ---additional living expense
Questions with correct verified detailed
Answers 100% Solved latest version
Which commercial property form is used to insure buildings while
under construction? --- correct answer ---Builders risk
Which of the following information will be found in the Declarations
page of the commercial property policy? --- correct answer ---
description of the policy insured
An insured is injured while driving his own car. Which personal auto
coverage will pay for the loss? --- correct answer ---Part B-Medical
Payments
According to the BOP definitions, which of the following does NOT
mean valuable papers and records? --- correct answer ---Securities
Supplementary payments under the personal auto policy include all of
the following EXCEPT? --- correct answer ---unlimited cost of bail
bonds
Items of property that would be difficult to appraise after a loss are
best insured with --- correct answer ---stated-amount insurance
, Which of the following is NOT consideration in an insurance policy? --
- correct answer ---the application given to a perspective insured
Who is considered a nonresident agent? --- correct answer ---an agent
who is licensed in another state, but is allowed to transact insurance
in this state
Events or conditions that increase the chances of an insured loss
occurring are called? --- correct answer ---hazards
An insured has purchased a used car. When does collision coverage for
this car begin? --- correct answer ---immediately
An insurance agent sold an insurance policy to his spouse. What type
of transaction is this? --- correct answer ---controlled business
In the split limit coverage in personal auto policies, which limit
indicated the maximum amount the policy will pay for bodily injury
per person? --- correct answer ---1st limit
When a vehicle travels from one state to another, what happens to the
limits of policy liability in a personal auto policy? --- correct answer -
--They do not change
Which of the following coverages is NOT included in the DP-1 form? ---
correct answer ---additional living expense
