Property and Casualty Insurance Licensing EXAM
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Practice questions for this set
Learn 1 /7 Study with Learn
Concealment involves:
Choose an answer
intentionally failing to disclose an unintentionally failing to disclose a
1 2
immaterial fact material fact
unintentionally failing to disclose an intentionally failing to disclose a
3 4
immaterial fact material fact
Don't know?
,Terms in this set (105)
To prevent recovery An Other Insurance Clause
beyond the amount of the
insured's actual loss, the
policy will contain:
Collision coverage of an B) upset of the vehicle
auto 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 d) Basic form
cause of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood c) $500
deductible is:
a) $100
b) $250
c) $500
d) $1000
, The insured intentionally d) concealment
did not 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 c) presumption of negligence
NOT a 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
Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Concealment involves:
Choose an answer
intentionally failing to disclose an unintentionally failing to disclose a
1 2
immaterial fact material fact
unintentionally failing to disclose an intentionally failing to disclose a
3 4
immaterial fact material fact
Don't know?
,Terms in this set (105)
To prevent recovery An Other Insurance Clause
beyond the amount of the
insured's actual loss, the
policy will contain:
Collision coverage of an B) upset of the vehicle
auto 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 d) Basic form
cause of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood c) $500
deductible is:
a) $100
b) $250
c) $500
d) $1000
, The insured intentionally d) concealment
did not 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 c) presumption of negligence
NOT a 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
