PA PROPERTY & CASUALTY
INSURANCE EXAM (D)
Which of the following is a formal program developed by an
employer to fund its losses as an alternative to the purchase of
insurance? - ANSWERS-Self-insurance
What is the limit for the forgery or altercation coverage in the
businessowners policy? - ANSWERS-2,500
What is the difference between claims-made and occurrence? -
ANSWERS-Claims trigger occurrence
Covered under miscellaneous automobile? - ANSWERS-Golf carts
Which of the following covers mobile equipment? - ANSWERS-
Forklift
What is included in Farm coverage G? - ANSWERS-Barns and other
structures
Optional coverage for a business owners policy? - ANSWERS-
Outdoor signs
, What is covered under commercial crime coverage K? - ANSWERS-
Loss resulting from employee dishonesty
In H/O policy, what is NOT covered under personal liability -
ANSWERS-Slander/libel
Commissioners can do all of the following EXCEPT? - ANSWERS-
Set rates
Difference between insurance and surety bonds? - ANSWERS-
Insurance has two parties and a surety bond has three parties
No active insurance license will be revoked until - ANSWERS-The
producer has been afforded the right to a hearing on the changes
Property insurance that provides coverage for both building and
personally property at one location is? - ANSWERS-Specific
According to the PA law, upon notification of a claim an insurer must
acknowledge receipt within - ANSWERS-10 working days, unless no
response is required
Under the building and business personal property coverage form, in
addition to the building itself building coverage includes which of the
following - ANSWERS-Patio furniture
INSURANCE EXAM (D)
Which of the following is a formal program developed by an
employer to fund its losses as an alternative to the purchase of
insurance? - ANSWERS-Self-insurance
What is the limit for the forgery or altercation coverage in the
businessowners policy? - ANSWERS-2,500
What is the difference between claims-made and occurrence? -
ANSWERS-Claims trigger occurrence
Covered under miscellaneous automobile? - ANSWERS-Golf carts
Which of the following covers mobile equipment? - ANSWERS-
Forklift
What is included in Farm coverage G? - ANSWERS-Barns and other
structures
Optional coverage for a business owners policy? - ANSWERS-
Outdoor signs
, What is covered under commercial crime coverage K? - ANSWERS-
Loss resulting from employee dishonesty
In H/O policy, what is NOT covered under personal liability -
ANSWERS-Slander/libel
Commissioners can do all of the following EXCEPT? - ANSWERS-
Set rates
Difference between insurance and surety bonds? - ANSWERS-
Insurance has two parties and a surety bond has three parties
No active insurance license will be revoked until - ANSWERS-The
producer has been afforded the right to a hearing on the changes
Property insurance that provides coverage for both building and
personally property at one location is? - ANSWERS-Specific
According to the PA law, upon notification of a claim an insurer must
acknowledge receipt within - ANSWERS-10 working days, unless no
response is required
Under the building and business personal property coverage form, in
addition to the building itself building coverage includes which of the
following - ANSWERS-Patio furniture
