Personal Lines Tennessee questions with 100%
correct answers with Rationales(GUARANTEED
SUCCESSS)
When an insured loses property to another because the
person used violence or threat of violence to gain the
property - answer robbery
Which of the following is an example of an agent's
fiduciary responsibilities - answer Forwarding premiums
to the insurer
In the event of a loss covered by the policy, if the insurer
request a signed sworn proof of loss, the named insured
is required to submit it within - answer A specified time
How long is a waiting period Upon purchase of flood
coverage through NFIP - answer 30 days
Duties of the insurer found in property policy conditions
include all the following except
A) return any premiums to the insured
B) notify the insured in the event of financial difficulty
C) Pay covered losses
D) provide advance notice of cancellation - answer B)
Notify the insured in the event of financial difficulty
, A house insured under a dwelling policy has been vacant
for 70 consecutive days. Which of the following
statements is true?
A) damage to glass building blocks is not covered
B) Lost by theft is covered
C) loss by vandalism and malicious mischief is excluded
D) Glass breakage as a result of vandalism is covered -
answer C) Loss by VMM is excluded
And ensure neglects to pay a legitimate claim that is
covered under the terms of the policy, what insurance
principle has the insurer violated - answer Consideration
For a contract to be enforceable by law, the purpose of
the contract must be - answer Legal and not against
public policy
Upon receipt of notice of appointment the commissioner
must verify the insurance producer is eligible for
appointment within how many days - answer 30 days
What are the two types of compensatory damages? -
answer special and general
correct answers with Rationales(GUARANTEED
SUCCESSS)
When an insured loses property to another because the
person used violence or threat of violence to gain the
property - answer robbery
Which of the following is an example of an agent's
fiduciary responsibilities - answer Forwarding premiums
to the insurer
In the event of a loss covered by the policy, if the insurer
request a signed sworn proof of loss, the named insured
is required to submit it within - answer A specified time
How long is a waiting period Upon purchase of flood
coverage through NFIP - answer 30 days
Duties of the insurer found in property policy conditions
include all the following except
A) return any premiums to the insured
B) notify the insured in the event of financial difficulty
C) Pay covered losses
D) provide advance notice of cancellation - answer B)
Notify the insured in the event of financial difficulty
, A house insured under a dwelling policy has been vacant
for 70 consecutive days. Which of the following
statements is true?
A) damage to glass building blocks is not covered
B) Lost by theft is covered
C) loss by vandalism and malicious mischief is excluded
D) Glass breakage as a result of vandalism is covered -
answer C) Loss by VMM is excluded
And ensure neglects to pay a legitimate claim that is
covered under the terms of the policy, what insurance
principle has the insurer violated - answer Consideration
For a contract to be enforceable by law, the purpose of
the contract must be - answer Legal and not against
public policy
Upon receipt of notice of appointment the commissioner
must verify the insurance producer is eligible for
appointment within how many days - answer 30 days
What are the two types of compensatory damages? -
answer special and general
