PA Property & Casualty License Practice Exam
An exclusion that states that an Earth movement exclusion
an insurer will not pay any
claim in which an individuals
property is damaged as a
result of an earthquake,
mudslide, landslide, or
sinkhole.
An exclusion that states that Neglect exclusion
an insurer will not pay any
claim in which an
individuals property is
damaged as a result of the
fact that the individual did
not maintain the property.
Which Home Owner's form HO-6 Unit Owner's Form
covers damage to a condo
owner's PROPERTY that
occurs as the result of any
event that is not specifically
excluded in the policy.
Which Home Owner's form HO-4 Content's Broad Form
covers damage to a
TENANT'S property that
occurs as a result of an
aircraft, civil commotion,
explosion, fire, nail, lightning,
smoke, theft, vandalism,
vehicles and/or wind.
Which HO form covers damage HO-3 Special Form
to the
DWELLING that occurs as the
result of any event that is not
specifically excluded in the
,policy and damage to the
property inside the dwelling
that results of an aircraft, civil
commotion, explosion, fire, hail,
lightning, smoke, theft,
vandalism, vehicles, and/or
wind.
, Which HO Form covers HO - 5 Comprehensive Form
damage to the DWELLING &
PROPERTY inside the
dwelling that occurs as an
result of any event that is not
specifically excluded in the
policy.
What means conducting Compliance
business in accordance with
current rules and laws set by
government regulatory
agencies and the courts.
Standards of conduct and Ethics
moral judgement.
Legal term that describes the Agency
relationship between
parties.
What is the term to describe Agency Contract
how an insurer appoints an
individual to act on its
behalf.
An individual whose Fiduciary
position and
responsibilities involve a
high degree of trust and
confidence (trustees,
guardians, and executors).
The name for the fact a Needs Selling
producer must sell the kind
of policies that best fit the
prospects needs and in
amounts that the prospects
can afford.
What is given when the Conditional Receipt
applicant pays the initial
premium at the time the
application for a policy is
signed.
What is the term for informing Full Disclosure
the prospect or client of all
facts involving a specific
policy or plan so that an
An exclusion that states that an Earth movement exclusion
an insurer will not pay any
claim in which an individuals
property is damaged as a
result of an earthquake,
mudslide, landslide, or
sinkhole.
An exclusion that states that Neglect exclusion
an insurer will not pay any
claim in which an
individuals property is
damaged as a result of the
fact that the individual did
not maintain the property.
Which Home Owner's form HO-6 Unit Owner's Form
covers damage to a condo
owner's PROPERTY that
occurs as the result of any
event that is not specifically
excluded in the policy.
Which Home Owner's form HO-4 Content's Broad Form
covers damage to a
TENANT'S property that
occurs as a result of an
aircraft, civil commotion,
explosion, fire, nail, lightning,
smoke, theft, vandalism,
vehicles and/or wind.
Which HO form covers damage HO-3 Special Form
to the
DWELLING that occurs as the
result of any event that is not
specifically excluded in the
,policy and damage to the
property inside the dwelling
that results of an aircraft, civil
commotion, explosion, fire, hail,
lightning, smoke, theft,
vandalism, vehicles, and/or
wind.
, Which HO Form covers HO - 5 Comprehensive Form
damage to the DWELLING &
PROPERTY inside the
dwelling that occurs as an
result of any event that is not
specifically excluded in the
policy.
What means conducting Compliance
business in accordance with
current rules and laws set by
government regulatory
agencies and the courts.
Standards of conduct and Ethics
moral judgement.
Legal term that describes the Agency
relationship between
parties.
What is the term to describe Agency Contract
how an insurer appoints an
individual to act on its
behalf.
An individual whose Fiduciary
position and
responsibilities involve a
high degree of trust and
confidence (trustees,
guardians, and executors).
The name for the fact a Needs Selling
producer must sell the kind
of policies that best fit the
prospects needs and in
amounts that the prospects
can afford.
What is given when the Conditional Receipt
applicant pays the initial
premium at the time the
application for a policy is
signed.
What is the term for informing Full Disclosure
the prospect or client of all
facts involving a specific
policy or plan so that an
