Maryland Property and Casualty Practice Test
Study online at https://quizlet.com/_e0p5vb
1. A driver of a vehicle failed to stop for a red light actual damage
and hit a light pole but did not hit a nearby vehicle.
Which element of negligence is missing for legal
action to be taken by the driver of the nearby
vehicle?
2. To recover for a loss under the Standard Fire Policy, at the time of loss
when must an insurable interest exist?
3. If Policy A states that it will pay after payment by Excess
other applicable policies, Policy A is:
4. Who would be covered under the medical pay- a customer of the name in-
ments section of the Commercial General Liability sureds
Policy, if injured on the insureds premises?
5. If an insured with a Dwelling Policy has other cov- Losses are payable in the same
erage, which is true? proportion that this insurance
bears to the total amount of fire
insurance.
6. The risk of financial loss that an individual faces insurable interest
illustrates the principle of:
7. Which is an exclusion under Part Two of the Work- Injury occurring to an employee
ers Compensation and Employers Liability Policy? who is permanently assigned to
work outside of the State
8. Damages reduced in proportion to the amount of comparative negligence
negligence that the injured party contributed to
the injury is called:
9. Risk retention group
, Maryland Property and Casualty Practice Test
Study online at https://quizlet.com/_e0p5vb
A group-owned insurer whose primary activity
consists of assuming and spreading the liability
risks of its members is the definition of:
10. Endorsements to change the terms of a Busi- Insurer
ness-owners policy must be approved by the:
11. All of the following are common law defenses for strict liability
negligent liability EXCEPT:
12. Theft is 'any act of stealing'. Which of the following after forcible entry into the
is 'Burglary'? premises
13. An insurance contract drafted by the company and contract of adhesion
offered to the prospective insured for acceptance
or rejection without negotiation is called a:
14. The Employer's Liability Insurance coverage which damages under the doctrine of
accompanies Workers Compensation policy cov- dual capacity
ers:
15. Which one of the following is usually true about They are NOT standardized
Commercial Umbrella Liability Policies? within the industry
16. The National Flood Insurance Program is an exam- Federal Government
ple of a form of insurance regulated by the:
17. Under a Business-owners Coverage Form, if an in- Deny coverage for loss at the
sured violates a policy condition, the insurer may: involved locations
18. Actual cash value is generally accepted to mean: cost to replace at the time of
loss, less depreciation
19.
Study online at https://quizlet.com/_e0p5vb
1. A driver of a vehicle failed to stop for a red light actual damage
and hit a light pole but did not hit a nearby vehicle.
Which element of negligence is missing for legal
action to be taken by the driver of the nearby
vehicle?
2. To recover for a loss under the Standard Fire Policy, at the time of loss
when must an insurable interest exist?
3. If Policy A states that it will pay after payment by Excess
other applicable policies, Policy A is:
4. Who would be covered under the medical pay- a customer of the name in-
ments section of the Commercial General Liability sureds
Policy, if injured on the insureds premises?
5. If an insured with a Dwelling Policy has other cov- Losses are payable in the same
erage, which is true? proportion that this insurance
bears to the total amount of fire
insurance.
6. The risk of financial loss that an individual faces insurable interest
illustrates the principle of:
7. Which is an exclusion under Part Two of the Work- Injury occurring to an employee
ers Compensation and Employers Liability Policy? who is permanently assigned to
work outside of the State
8. Damages reduced in proportion to the amount of comparative negligence
negligence that the injured party contributed to
the injury is called:
9. Risk retention group
, Maryland Property and Casualty Practice Test
Study online at https://quizlet.com/_e0p5vb
A group-owned insurer whose primary activity
consists of assuming and spreading the liability
risks of its members is the definition of:
10. Endorsements to change the terms of a Busi- Insurer
ness-owners policy must be approved by the:
11. All of the following are common law defenses for strict liability
negligent liability EXCEPT:
12. Theft is 'any act of stealing'. Which of the following after forcible entry into the
is 'Burglary'? premises
13. An insurance contract drafted by the company and contract of adhesion
offered to the prospective insured for acceptance
or rejection without negotiation is called a:
14. The Employer's Liability Insurance coverage which damages under the doctrine of
accompanies Workers Compensation policy cov- dual capacity
ers:
15. Which one of the following is usually true about They are NOT standardized
Commercial Umbrella Liability Policies? within the industry
16. The National Flood Insurance Program is an exam- Federal Government
ple of a form of insurance regulated by the:
17. Under a Business-owners Coverage Form, if an in- Deny coverage for loss at the
sured violates a policy condition, the insurer may: involved locations
18. Actual cash value is generally accepted to mean: cost to replace at the time of
loss, less depreciation
19.
