PERSONAL LINES ALABAMA STATE EXAM NEWEST 2025
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED PASS
A written modification that either adds or deletes coverage in a policy is
called: - ✔✔✔ Correct Answer > An endorsement
Insureds who meet the financial requirements and are approved to
transact business in the state are considered _________ or ________
into the state as a legal insurer. - ✔✔✔ Correct Answer > Authorized/Admitted
Vacancy means only the absense of people - ✔✔✔ Correct Answer > False
The primary insured in an insurance contract is the: - ✔✔✔ Correct Answer >
First named insured
Betty is approached by a person in the company parking desk that
demands her purse or he will shoot her. This would be considered - ✔✔✔
Correct Answer > Robbery
, The part of a policy that eliminates coverage for certain perils is called: -
✔✔✔ Correct Answer > The exclusions
In property insurance, coinsurance is designed to: - ✔✔✔ Correct Answer >
Cover all losses in full if you purchase at least 80% insurance to value
All of the following are correct about binders EXCEPT: - ✔✔✔ Correct Answer >
The binder is good for a set number of days, or until the policy is issued,
whichever is longer.
Which risk management method is used when you decide to purchase
insurance to cover a risk? - ✔✔✔ Correct Answer > None of the above
A risk management method where one party agrees to release the
other party from any liability or damage that might arise out of the
transaction involved is called: - ✔✔✔ Correct Answer > A hold-harmless
agreement
In the lesson chapter, two types of risk were discussed. What is the only
type of risk that insurance companies want to insure? - ✔✔✔ Correct Answer >
Pure risk
Roger is a single parent with a young son and daughter. He has decided
to give up his two favorite hobbies, mountain climbing and scuba
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED PASS
A written modification that either adds or deletes coverage in a policy is
called: - ✔✔✔ Correct Answer > An endorsement
Insureds who meet the financial requirements and are approved to
transact business in the state are considered _________ or ________
into the state as a legal insurer. - ✔✔✔ Correct Answer > Authorized/Admitted
Vacancy means only the absense of people - ✔✔✔ Correct Answer > False
The primary insured in an insurance contract is the: - ✔✔✔ Correct Answer >
First named insured
Betty is approached by a person in the company parking desk that
demands her purse or he will shoot her. This would be considered - ✔✔✔
Correct Answer > Robbery
, The part of a policy that eliminates coverage for certain perils is called: -
✔✔✔ Correct Answer > The exclusions
In property insurance, coinsurance is designed to: - ✔✔✔ Correct Answer >
Cover all losses in full if you purchase at least 80% insurance to value
All of the following are correct about binders EXCEPT: - ✔✔✔ Correct Answer >
The binder is good for a set number of days, or until the policy is issued,
whichever is longer.
Which risk management method is used when you decide to purchase
insurance to cover a risk? - ✔✔✔ Correct Answer > None of the above
A risk management method where one party agrees to release the
other party from any liability or damage that might arise out of the
transaction involved is called: - ✔✔✔ Correct Answer > A hold-harmless
agreement
In the lesson chapter, two types of risk were discussed. What is the only
type of risk that insurance companies want to insure? - ✔✔✔ Correct Answer >
Pure risk
Roger is a single parent with a young son and daughter. He has decided
to give up his two favorite hobbies, mountain climbing and scuba
