IDAHO PROPERTY & CASUALTY PREP EX
g g g g g
AM | QUESTIONS & 100% CORRECT ANSW
g g g g g g
ERS (VERIFIED) | LATEST UPDATE | GRADE
g g g g g g g
A+
Whichgofgthegfollowinggstatementsgisgfalsegwithgrespectgtogrequirementsgforgrates?
A) Ratesgmaygnotgbeginadequate
B) Agpurposegofgthegrategregulationgisgtogdiminishgcompetitiongbetweenginsurers
C) Ratesgmaygnotgbegunfairlygdiscriminatory
D) Agpurposegofgthegrategregulationgisgtogregulategcooperativegactiongamongginsurers
CorrectgAnswer:g g B
ThegBusinessownersgCoveragegFormgtogthegBusinessownersgPolicygprovidesgcoverage
ongwhichgofgthegfollowinggbasis?
g
A) ModifiedgPerils
B) SimplifiedgPerils
C) BroadgPerils
D) OpengPerils
CorrectgAnswer:g g D
,WhichgofgthegfollowinggdescribesgthegcoveragegofgthegExtragExpensegCoveragegForm
?gA
Itgcoversgtheglossgofgbusinessgincomegduringgthegperiodgofgrestoratio
ngB
Itgcoversgthegexpensegofgdisposinggofgspoiledgmerchandisegcausedgbygagpowergoutag
egC
Itgcoversgthegnecessarygadditionalgexpensesgincurredgduringgthegperiodgofgrestorationg
whichgwouldgnotgotherwiseghavegbeengincurredgingthegabsencegofgagdirectgloss
D
Itgcoversgthegexpensegofgremovinggthegdebrisgofgagcoveredgdirectgloss
CorrectgAnswer:g g C
Allgofgthegfollowinggaregtruegofgnegligence,gexcept:
A
g
Itgisgthegfailuregtogusegordinarygcare
B
g
Itgdoesgnotgrequiregagdutygtogbegowed
C
g
Itgisgagtypegofgtort
D
g
Itgdoesgnotgincludegbreachgofgcontract
CorrectgAnswer:g g B
,AllgofgthegfollowinggaregOptionalgCoveragesgundergthegBusinessownersgPolicy,gexcept
:
A
Moneygandgsecurities
B
g
Employeegdishonesty
C
g
Outdoorgsigns
D
g
Personalgpropertygofgothersgthatgisgingtheginsured'sgcare,gcustodygandgcontrol
CorrectgAnswer:g g D
PolicyholdergSghasgangHO-
5gpolicygwithgag$250,000gCoveragegAglimit.gAftergagstronggwindgblowsgagmailboxgintogS'
sgfrontgpicturegwindow,gcausingg$2,500gdamage,gSgimmediatelygbuysg$250gofgwoodgan
dgplasticgsheetinggtogcovergthegdamagedgwindowgandgpreventgfurthergdamage.gHowgm
uchgwillgS'sgpolicygpay?
A
$2,250
B
$2,750
C
$250
D
, $500
CorrectgAnswer:g g B
ThegCollisiongorgRunninggDowngClausegingOceangMarinegInsurancegcovers:
A
Collisiongdamagegtoganothergvesselgwhengthegshippergisgliable
B
g
Collisiongdamagegtogtheginsuredgvesselgwhengitgcollidesgwithgagpiergorgfixedgobje
ctgC
Damagegtogtheginsuredgvesselgcausedgbygrunninggagroun
dgD
Collisiongdamagegtogtheginsuredgvesselgwhengitgcollidesgwithganothergvessel
CorrectgAnswer:g g A
WhichgOceangMarineginsurancegprovisiongprotectsgagainstgdirectgdamagegcausedgbygb
urstinggofgboilers?
A
Boilerg&gMachinerygClause
B
g
InchmareegClauseg
C
g g g g g
AM | QUESTIONS & 100% CORRECT ANSW
g g g g g g
ERS (VERIFIED) | LATEST UPDATE | GRADE
g g g g g g g
A+
Whichgofgthegfollowinggstatementsgisgfalsegwithgrespectgtogrequirementsgforgrates?
A) Ratesgmaygnotgbeginadequate
B) Agpurposegofgthegrategregulationgisgtogdiminishgcompetitiongbetweenginsurers
C) Ratesgmaygnotgbegunfairlygdiscriminatory
D) Agpurposegofgthegrategregulationgisgtogregulategcooperativegactiongamongginsurers
CorrectgAnswer:g g B
ThegBusinessownersgCoveragegFormgtogthegBusinessownersgPolicygprovidesgcoverage
ongwhichgofgthegfollowinggbasis?
g
A) ModifiedgPerils
B) SimplifiedgPerils
C) BroadgPerils
D) OpengPerils
CorrectgAnswer:g g D
,WhichgofgthegfollowinggdescribesgthegcoveragegofgthegExtragExpensegCoveragegForm
?gA
Itgcoversgtheglossgofgbusinessgincomegduringgthegperiodgofgrestoratio
ngB
Itgcoversgthegexpensegofgdisposinggofgspoiledgmerchandisegcausedgbygagpowergoutag
egC
Itgcoversgthegnecessarygadditionalgexpensesgincurredgduringgthegperiodgofgrestorationg
whichgwouldgnotgotherwiseghavegbeengincurredgingthegabsencegofgagdirectgloss
D
Itgcoversgthegexpensegofgremovinggthegdebrisgofgagcoveredgdirectgloss
CorrectgAnswer:g g C
Allgofgthegfollowinggaregtruegofgnegligence,gexcept:
A
g
Itgisgthegfailuregtogusegordinarygcare
B
g
Itgdoesgnotgrequiregagdutygtogbegowed
C
g
Itgisgagtypegofgtort
D
g
Itgdoesgnotgincludegbreachgofgcontract
CorrectgAnswer:g g B
,AllgofgthegfollowinggaregOptionalgCoveragesgundergthegBusinessownersgPolicy,gexcept
:
A
Moneygandgsecurities
B
g
Employeegdishonesty
C
g
Outdoorgsigns
D
g
Personalgpropertygofgothersgthatgisgingtheginsured'sgcare,gcustodygandgcontrol
CorrectgAnswer:g g D
PolicyholdergSghasgangHO-
5gpolicygwithgag$250,000gCoveragegAglimit.gAftergagstronggwindgblowsgagmailboxgintogS'
sgfrontgpicturegwindow,gcausingg$2,500gdamage,gSgimmediatelygbuysg$250gofgwoodgan
dgplasticgsheetinggtogcovergthegdamagedgwindowgandgpreventgfurthergdamage.gHowgm
uchgwillgS'sgpolicygpay?
A
$2,250
B
$2,750
C
$250
D
, $500
CorrectgAnswer:g g B
ThegCollisiongorgRunninggDowngClausegingOceangMarinegInsurancegcovers:
A
Collisiongdamagegtoganothergvesselgwhengthegshippergisgliable
B
g
Collisiongdamagegtogtheginsuredgvesselgwhengitgcollidesgwithgagpiergorgfixedgobje
ctgC
Damagegtogtheginsuredgvesselgcausedgbygrunninggagroun
dgD
Collisiongdamagegtogtheginsuredgvesselgwhengitgcollidesgwithganothergvessel
CorrectgAnswer:g g A
WhichgOceangMarineginsurancegprovisiongprotectsgagainstgdirectgdamagegcausedgbygb
urstinggofgboilers?
A
Boilerg&gMachinerygClause
B
g
InchmareegClauseg
C
