1|Page
SOUTH CAROLINA PROPERTY AND CASUALTY
INSURANCE EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS(ALL WHAT
YOU NEED) LATEST EDITION 2024
The process an insurer uses to evaluate applications and
determine if a policy should be issued and on what
terms, conditions, and rate is known as? - .....ANSWER
...✔✔ Underwriting
The Director is conducting an examination of a foreign
company transacting business in South Carolina. Who is
responsible for the cost of the examination? -
.....ANSWER ...✔✔ Foreign company
Driver A has a personal auto policy with Part C:
UM/UIM limits of 100/300. He is injured by Driver B
who has Part A: Bodily Injury Liability Limits of 50/100.
It is determined that Driver B is at fault for the accident .
Driver A has $125,000 in medical expenses. How much
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will Part C: UM/UIM coverage will pay? - .....ANSWER
...✔✔ 50,000
A premium discount is the term that describes when an
insured owes a total standard premium greater than? -
.....ANSWER ...✔✔ 5,000
According to SC law, comprehensive deductibles do not
apply to - .....ANSWER ...✔✔ safety glass
Who is an insurance producer? - .....ANSWER ...✔✔
Any person licensed to sell, solicit or negotiate insurance
Employee fidelity may be written in all the following
ways EXCEPT - .....ANSWER ...✔✔ Location schedule
Section 1 of boatowners policy covers - .....ANSWER
...✔✔ Physical Damage
Which type of losses are covered by the South Carolina
Wind and Hail Underwriting Association? - .....ANSWER
...✔✔ Both Direct and Indirect losses
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Before granting a Certificate of Authority to a company,
the Director must be satisfied by proper evidence that
all of the following are true EXCEPT - .....ANSWER
...✔✔ The insurer does not have a Certificate of
Authority in any other state
Erroneous Publishing copied all the material from Angels
Inc.'s book. The only changes made by Erroneous were
to rename the title and chapters, put a different cover
on it, and distribute it as its own. Angels Inc. files a claim
against Erroneous and seeks damages. Will a
commercial general liability policy cover the claim? -
.....ANSWER ...✔✔ No, because the claim results from
copyright infringement and is not in an advertisement
When the insured's car was totaled in a recent accident,
the ownership of the car was transferred to the insurer.
The insurer then sold off the wrecked car to recover
some of the loss it paid to the insured. What is the term
for this action? - .....ANSWER ...✔✔ Salvage
The reduction, decrease, or disappearance of value of
the person or property insured in a policy by a peril
insured against is known as - .....ANSWER ...✔✔ loss
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A plasterer has finished a job. What kind of liability
coverage would protect him if the plaster falls and hurts
someone because he did not do the job correctly? -
.....ANSWER ...✔✔ Completed operations
Which employee fidelity bond pays no more than its
limit of liability for each separate occurrence no matter
that several separately identifiable employees were
involved in a single loss? - .....ANSWER ...✔✔
commercial blanket position
If an employee consumes alcohol, becomes intoxicated,
and is injured at work, he/she is __________. -
.....ANSWER ...✔✔ Not covered if the consumption of
alcohol is proven to have caused the injury
Under Coverage C of a farm policy, what is the limit
payable on business property located away from the
premises? - .....ANSWER ...✔✔ $500
Within how many days of requesting an investigative
consumer report must an insurer notify the consumer in
writing that the report will be obtained? - .....ANSWER
...✔✔ 5 days
SOUTH CAROLINA PROPERTY AND CASUALTY
INSURANCE EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS(ALL WHAT
YOU NEED) LATEST EDITION 2024
The process an insurer uses to evaluate applications and
determine if a policy should be issued and on what
terms, conditions, and rate is known as? - .....ANSWER
...✔✔ Underwriting
The Director is conducting an examination of a foreign
company transacting business in South Carolina. Who is
responsible for the cost of the examination? -
.....ANSWER ...✔✔ Foreign company
Driver A has a personal auto policy with Part C:
UM/UIM limits of 100/300. He is injured by Driver B
who has Part A: Bodily Injury Liability Limits of 50/100.
It is determined that Driver B is at fault for the accident .
Driver A has $125,000 in medical expenses. How much
,2|Page
will Part C: UM/UIM coverage will pay? - .....ANSWER
...✔✔ 50,000
A premium discount is the term that describes when an
insured owes a total standard premium greater than? -
.....ANSWER ...✔✔ 5,000
According to SC law, comprehensive deductibles do not
apply to - .....ANSWER ...✔✔ safety glass
Who is an insurance producer? - .....ANSWER ...✔✔
Any person licensed to sell, solicit or negotiate insurance
Employee fidelity may be written in all the following
ways EXCEPT - .....ANSWER ...✔✔ Location schedule
Section 1 of boatowners policy covers - .....ANSWER
...✔✔ Physical Damage
Which type of losses are covered by the South Carolina
Wind and Hail Underwriting Association? - .....ANSWER
...✔✔ Both Direct and Indirect losses
,3|Page
Before granting a Certificate of Authority to a company,
the Director must be satisfied by proper evidence that
all of the following are true EXCEPT - .....ANSWER
...✔✔ The insurer does not have a Certificate of
Authority in any other state
Erroneous Publishing copied all the material from Angels
Inc.'s book. The only changes made by Erroneous were
to rename the title and chapters, put a different cover
on it, and distribute it as its own. Angels Inc. files a claim
against Erroneous and seeks damages. Will a
commercial general liability policy cover the claim? -
.....ANSWER ...✔✔ No, because the claim results from
copyright infringement and is not in an advertisement
When the insured's car was totaled in a recent accident,
the ownership of the car was transferred to the insurer.
The insurer then sold off the wrecked car to recover
some of the loss it paid to the insured. What is the term
for this action? - .....ANSWER ...✔✔ Salvage
The reduction, decrease, or disappearance of value of
the person or property insured in a policy by a peril
insured against is known as - .....ANSWER ...✔✔ loss
, 4|Page
A plasterer has finished a job. What kind of liability
coverage would protect him if the plaster falls and hurts
someone because he did not do the job correctly? -
.....ANSWER ...✔✔ Completed operations
Which employee fidelity bond pays no more than its
limit of liability for each separate occurrence no matter
that several separately identifiable employees were
involved in a single loss? - .....ANSWER ...✔✔
commercial blanket position
If an employee consumes alcohol, becomes intoxicated,
and is injured at work, he/she is __________. -
.....ANSWER ...✔✔ Not covered if the consumption of
alcohol is proven to have caused the injury
Under Coverage C of a farm policy, what is the limit
payable on business property located away from the
premises? - .....ANSWER ...✔✔ $500
Within how many days of requesting an investigative
consumer report must an insurer notify the consumer in
writing that the report will be obtained? - .....ANSWER
...✔✔ 5 days
