Ga Property & Casualty insurance exam
Questions and Answers (Solved Papers)
To control the outbreak of general liability mold claims,
insurers introduced endorsements that limited coverage for
mold. Which of the following is such an endorsement? -
Correct Answers ✅limited fungi or bacteria coverage
endorsement
Regarding the commercial general liability (CGL) policy, which
of the following correctly describes the primary difference
between the Pollution Liability Coverage Form Designated
Sites (CG 00 39) and the Pollution Liability Limited Coverage
Form Designated Sites (CG 00 40) endorsements? - Correct
Answers ✅Form CG 00 39 provides coverage for pollution
cleanup costs whereas form CG 00 40 provides no coverage
for cleanup costs
The primary insurance regulatory activities of state insurance
departments include all of the following EXCEPT: - Correct
Answers ✅arresting unethical producers
With a business auto policy (BAP), what symbol needs to
appear on the declarations page to provide coverage for the
rental cars used by the business? - Correct Answers ✅8 --
Hired Autos Only
How does the business auto policy (BAP) respond when an
employee is driving the employer's delivery truck and is
involved in an accident that doesn't hurt the driver but does
injure a co-worker who is a passenger in the vehicle? -
,Ga Property & Casualty insurance exam
Questions and Answers (Solved Papers)
Correct Answers ✅It denies coverage under the fellow
employee exclusion.
Which of the following statements regarding written and oral
binders is correct? - Correct Answers ✅Both types are
legally binding, but a written binder is preferable because it
reduces the likelihood of a dispute over terms.
What organization developed a standard workers
compensation and employers liability insurance policy, which
is used in the majority of states? - Correct Answers
✅National Council on Compensation Insurance
Suzanne, an attorney, receives a binder after she pays her
first premium on a professional liability policy. The binder is
dated May 1. On June 1, she receives her policy. When does
the binder expire, if ever? - Correct Answers ✅June 1
George hires Hank, whom he knows is not lawfully present in
the United States. Hank is George's only employee and he
purchases a workers compensation policy to comply with the
state's compulsory workers compensation laws. If Hank is
injured on the job, how will George's workers compensation
insurer respond? - Correct Answers ✅It will deny coverage.
Which of the following penalties may the Commissioner
impose if, after a hearing, he or she determines that an agent
, Ga Property & Casualty insurance exam
Questions and Answers (Solved Papers)
has committed an unfair trade practice? - Correct Answers
✅Terminate an agent's license
An insurer can legitimately cancel an auto liability policy for
which of the following reasons? - Correct Answers ✅The
condition of the insured auto has changed significantly during
the term of the policy.
Transportation expenses cover up to: - Correct Answers
✅$20 per day with a maximum of $600
Tricia hosts a lawn party. She knows property owners are
obligated to protect people on their property from harm and
that different degrees of care are required depending upon
the circumstances. To whom does Tricia owe the greatest
duty to exercise care? - Correct Answers ✅Candy, who is
delivering floral centerpieces ordered by Tricia
Matt's auto insurer denied a liability claim because the
person seeking reimbursement is not an "insured" under
Section A - Liability of Matt's auto policy. Which of the
following submitted the claim? - Correct Answers ✅Matt's
roommate, after he totaled his own uninsured car
Though she lives in a high crime area, Hilda rarely locks the
door to her apartment when she goes out, figuring that
whatever she owns of value is insured and can be easily
Questions and Answers (Solved Papers)
To control the outbreak of general liability mold claims,
insurers introduced endorsements that limited coverage for
mold. Which of the following is such an endorsement? -
Correct Answers ✅limited fungi or bacteria coverage
endorsement
Regarding the commercial general liability (CGL) policy, which
of the following correctly describes the primary difference
between the Pollution Liability Coverage Form Designated
Sites (CG 00 39) and the Pollution Liability Limited Coverage
Form Designated Sites (CG 00 40) endorsements? - Correct
Answers ✅Form CG 00 39 provides coverage for pollution
cleanup costs whereas form CG 00 40 provides no coverage
for cleanup costs
The primary insurance regulatory activities of state insurance
departments include all of the following EXCEPT: - Correct
Answers ✅arresting unethical producers
With a business auto policy (BAP), what symbol needs to
appear on the declarations page to provide coverage for the
rental cars used by the business? - Correct Answers ✅8 --
Hired Autos Only
How does the business auto policy (BAP) respond when an
employee is driving the employer's delivery truck and is
involved in an accident that doesn't hurt the driver but does
injure a co-worker who is a passenger in the vehicle? -
,Ga Property & Casualty insurance exam
Questions and Answers (Solved Papers)
Correct Answers ✅It denies coverage under the fellow
employee exclusion.
Which of the following statements regarding written and oral
binders is correct? - Correct Answers ✅Both types are
legally binding, but a written binder is preferable because it
reduces the likelihood of a dispute over terms.
What organization developed a standard workers
compensation and employers liability insurance policy, which
is used in the majority of states? - Correct Answers
✅National Council on Compensation Insurance
Suzanne, an attorney, receives a binder after she pays her
first premium on a professional liability policy. The binder is
dated May 1. On June 1, she receives her policy. When does
the binder expire, if ever? - Correct Answers ✅June 1
George hires Hank, whom he knows is not lawfully present in
the United States. Hank is George's only employee and he
purchases a workers compensation policy to comply with the
state's compulsory workers compensation laws. If Hank is
injured on the job, how will George's workers compensation
insurer respond? - Correct Answers ✅It will deny coverage.
Which of the following penalties may the Commissioner
impose if, after a hearing, he or she determines that an agent
, Ga Property & Casualty insurance exam
Questions and Answers (Solved Papers)
has committed an unfair trade practice? - Correct Answers
✅Terminate an agent's license
An insurer can legitimately cancel an auto liability policy for
which of the following reasons? - Correct Answers ✅The
condition of the insured auto has changed significantly during
the term of the policy.
Transportation expenses cover up to: - Correct Answers
✅$20 per day with a maximum of $600
Tricia hosts a lawn party. She knows property owners are
obligated to protect people on their property from harm and
that different degrees of care are required depending upon
the circumstances. To whom does Tricia owe the greatest
duty to exercise care? - Correct Answers ✅Candy, who is
delivering floral centerpieces ordered by Tricia
Matt's auto insurer denied a liability claim because the
person seeking reimbursement is not an "insured" under
Section A - Liability of Matt's auto policy. Which of the
following submitted the claim? - Correct Answers ✅Matt's
roommate, after he totaled his own uninsured car
Though she lives in a high crime area, Hilda rarely locks the
door to her apartment when she goes out, figuring that
whatever she owns of value is insured and can be easily
