Property and Casualty Insurance Licensing EXAM Questions & Answers |
100% Verified solutions |Questions with Correct Answers 2025 latest
update!!
Terms in this set (105)
To prevent recovery beyond the An Other Insurance Clause
amount of the insured's actual
loss, the policy will
contain:
Collision coverage of an auto B) upset of the vehicle
policy covers:
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of a) occurrence limit
payable for all losses resulting
from one event is known as the:
a) occurrence limit
b) aggregate limit
Which of the following is a cause d) Basic form
of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood deductible is: c) $500
a) $100
b) $250
c) $500
d) $1000
The insured intentionally did not d) concealment
inform the insurer that the
insured owned only 35% of the
property. The insurer can void
the
policy for:
a) conditional coverage
b) misrepresentation
c) error
,d) concealment
Which of the following is NOT a c) presumption of negligence
defense against negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
d) assumption of risk
The presumed authority b) implied authority
necessary to carry out the
producer's routine tasks is
known as:
a) expressed authority
b) implied authority
, Which of the following b) there is no coverage for roadside labor costs
statements regarding the
Towing and Labor
endorsement is false?
a) it will pay to the limit stated in
the
endorsement each time a covered
vehicle is disabled
b) there is no coverage for
roadside labor costs
c) there is no deductible
d) none of the above
A licensee may violate federal law b) sending threatening letters to the state insurance regulator
and be
subject to a fine and prison for
doing which of the following?
a) selling insurance w/ a
nonresident license
b) sending threatening letters to
the state insurance regulator
c) fraudulently telling an
insured a claim isn't covered
on the policy
d) murdering an applicant
Which of the following is not a) a restaurant party room the insured has rented for a business meeting
an insured location for liability
coverage under the
homeowners policy?
a) a restaurant party room the
insured has rented for a
business meeting
b) the insured's cemetery plot
c) a restaurant party room the
insured has rented for a
birthday party
d) vacant land owned by the insured
100% Verified solutions |Questions with Correct Answers 2025 latest
update!!
Terms in this set (105)
To prevent recovery beyond the An Other Insurance Clause
amount of the insured's actual
loss, the policy will
contain:
Collision coverage of an auto B) upset of the vehicle
policy covers:
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of a) occurrence limit
payable for all losses resulting
from one event is known as the:
a) occurrence limit
b) aggregate limit
Which of the following is a cause d) Basic form
of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood deductible is: c) $500
a) $100
b) $250
c) $500
d) $1000
The insured intentionally did not d) concealment
inform the insurer that the
insured owned only 35% of the
property. The insurer can void
the
policy for:
a) conditional coverage
b) misrepresentation
c) error
,d) concealment
Which of the following is NOT a c) presumption of negligence
defense against negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
d) assumption of risk
The presumed authority b) implied authority
necessary to carry out the
producer's routine tasks is
known as:
a) expressed authority
b) implied authority
, Which of the following b) there is no coverage for roadside labor costs
statements regarding the
Towing and Labor
endorsement is false?
a) it will pay to the limit stated in
the
endorsement each time a covered
vehicle is disabled
b) there is no coverage for
roadside labor costs
c) there is no deductible
d) none of the above
A licensee may violate federal law b) sending threatening letters to the state insurance regulator
and be
subject to a fine and prison for
doing which of the following?
a) selling insurance w/ a
nonresident license
b) sending threatening letters to
the state insurance regulator
c) fraudulently telling an
insured a claim isn't covered
on the policy
d) murdering an applicant
Which of the following is not a) a restaurant party room the insured has rented for a business meeting
an insured location for liability
coverage under the
homeowners policy?
a) a restaurant party room the
insured has rented for a
business meeting
b) the insured's cemetery plot
c) a restaurant party room the
insured has rented for a
birthday party
d) vacant land owned by the insured
