Georgia Property & Casualty Insurance Exa
m m m m m
m Prep (2024/ 2025 Update) Questions and V
m m m m m m m
erified Answers| 100% Correct| Grade A
m m m m m
QUESTION
Anmagent m triesmtomsellm insurancem overm themphonemtomanmapplicant m whomappearsmtombemconfused,m
but mismeventuallymablem tomgivemenoughminformationm formthemapplicationmtombemcompleted.mAftermt
hempolicymwasmissued,mthemagent mtalked mtomtheminsured'smfamily,mand mtheymexplained mthat mtheminsu
red mwasmrecoveringmfrommamsurgerymand mmight mhavembeenmundermtheminfluencemof mmedicationmat mt
hemtimemof mapplication.mWhichmof mthemfollowingmismtrue?
Answer:
Thempolicymmaymbemvoided mif mit mcanmbemprovenmthat mthemapplicant mwasmnot mcapablemof mmakingmamb
uyingmdecisionmat mthemtimemof mapplication
QUESTION
Allmof m themfollowingmaremfound m inmthemdeclarationsmsectionmof m ampolicymEXCEPTmthe
Answer:
Exclusions
QUESTION
Thempart mof mampolicymthat mclarifiesmterms minmthempolicy mismthe
Answer:
Definitions
QUESTION
Inmtermsmof m partiesmtomamcontract,mwhichmof m themfollowingmdoesmNOTmdescribemamcompetent m part
y?
,Answer:
Thempersonmmust mhavemat mleast mcompleted msecondarymeducation
QUESTION
What mtypemof minformationmwould m bemfound m inmampolicy'sminsuringmagreements?
Answer:
Renewalmdates
QUESTION
Perilsm covered mundermComprehensivemormOTC
Answer:
FallingmobjectsmFi
re
EQmormExplosion
mWind
Hail,mwater,mormflood mVandalis
m
Riot m
Theft
Contact mwithmbird mormanimalm
Glassmbreakage
QUESTION
FULLm COVERAGEm COMPREHENSIVE
Answer:
nomdeductible
QUESTION
CoveragemD m-mTransportationmExpenses
,Answer:
$20mdaym/mupmtom$600m(Insured m must mwait m24mhrsmaftermlossm-m48mhrsmif mlossm frommtheft)
QUESTION
Primary/excessm rule
Answer:
Coveragemonmthemvehiclemismprimarymwhilemcoveragemonmthemdrivermis mexcess m -
mcoveragemgoesmwithmthemcar
QUESTION
temporarym substitutemvehicle
Answer:
amnon-
owned mautomormtrailermused mtemporarilymbecausemof mmechanicalmbreakdown,mrepair,mservicing,m l
oss,mormdestructionmof mamcovered mvehicle
QUESTION
Coveragem Em-mDutiesminmthemevent mof m anmaccident
Answer:
- Filempolicemreport m formuninsured mmotoristsmclaimm or mstolenmvehicle
- Providemnamesm and m addressesmof m witnesses
- Report mlossmasmsoonmasmpossible
- Cooperatemwithmtheminsurancemcompany
QUESTION
Part mF:mGeneralmProvisions
Answer:
establishesmconditionsmformthemcoveragemand mdescribesmthemdutiesmand mobligationsmof mtheminsure
d mand minsurer
, QUESTION
Commercialm Propertym -m3mMajormCoverages
Answer:
A. Buildings
B. BusinessmPersonamProperty
C. Damagemtompropertymof m other
QUESTION
Coveragem A m(Commercial)
Answer:
Buildings-
mAttached mfixtures,mfloormcoverings,mmachinerym&mequipment mservicingm building,moutdoormfixture
s,moutdoormpatiomfurniture
QUESTION
Coveragem Bm(Commercial)
Answer:
Businessmpersonalmproperty-
mContentsmof mtheminsured,minventory,mleased mequipment,mtenantsmimprovements
QUESTION
Coveragem Cm(Commercial)
Answer:
Personalmpropertymbelongingmtomothers
QUESTION
LessorsmRisk
m m m m m
m Prep (2024/ 2025 Update) Questions and V
m m m m m m m
erified Answers| 100% Correct| Grade A
m m m m m
QUESTION
Anmagent m triesmtomsellm insurancem overm themphonemtomanmapplicant m whomappearsmtombemconfused,m
but mismeventuallymablem tomgivemenoughminformationm formthemapplicationmtombemcompleted.mAftermt
hempolicymwasmissued,mthemagent mtalked mtomtheminsured'smfamily,mand mtheymexplained mthat mtheminsu
red mwasmrecoveringmfrommamsurgerymand mmight mhavembeenmundermtheminfluencemof mmedicationmat mt
hemtimemof mapplication.mWhichmof mthemfollowingmismtrue?
Answer:
Thempolicymmaymbemvoided mif mit mcanmbemprovenmthat mthemapplicant mwasmnot mcapablemof mmakingmamb
uyingmdecisionmat mthemtimemof mapplication
QUESTION
Allmof m themfollowingmaremfound m inmthemdeclarationsmsectionmof m ampolicymEXCEPTmthe
Answer:
Exclusions
QUESTION
Thempart mof mampolicymthat mclarifiesmterms minmthempolicy mismthe
Answer:
Definitions
QUESTION
Inmtermsmof m partiesmtomamcontract,mwhichmof m themfollowingmdoesmNOTmdescribemamcompetent m part
y?
,Answer:
Thempersonmmust mhavemat mleast mcompleted msecondarymeducation
QUESTION
What mtypemof minformationmwould m bemfound m inmampolicy'sminsuringmagreements?
Answer:
Renewalmdates
QUESTION
Perilsm covered mundermComprehensivemormOTC
Answer:
FallingmobjectsmFi
re
EQmormExplosion
mWind
Hail,mwater,mormflood mVandalis
m
Riot m
Theft
Contact mwithmbird mormanimalm
Glassmbreakage
QUESTION
FULLm COVERAGEm COMPREHENSIVE
Answer:
nomdeductible
QUESTION
CoveragemD m-mTransportationmExpenses
,Answer:
$20mdaym/mupmtom$600m(Insured m must mwait m24mhrsmaftermlossm-m48mhrsmif mlossm frommtheft)
QUESTION
Primary/excessm rule
Answer:
Coveragemonmthemvehiclemismprimarymwhilemcoveragemonmthemdrivermis mexcess m -
mcoveragemgoesmwithmthemcar
QUESTION
temporarym substitutemvehicle
Answer:
amnon-
owned mautomormtrailermused mtemporarilymbecausemof mmechanicalmbreakdown,mrepair,mservicing,m l
oss,mormdestructionmof mamcovered mvehicle
QUESTION
Coveragem Em-mDutiesminmthemevent mof m anmaccident
Answer:
- Filempolicemreport m formuninsured mmotoristsmclaimm or mstolenmvehicle
- Providemnamesm and m addressesmof m witnesses
- Report mlossmasmsoonmasmpossible
- Cooperatemwithmtheminsurancemcompany
QUESTION
Part mF:mGeneralmProvisions
Answer:
establishesmconditionsmformthemcoveragemand mdescribesmthemdutiesmand mobligationsmof mtheminsure
d mand minsurer
, QUESTION
Commercialm Propertym -m3mMajormCoverages
Answer:
A. Buildings
B. BusinessmPersonamProperty
C. Damagemtompropertymof m other
QUESTION
Coveragem A m(Commercial)
Answer:
Buildings-
mAttached mfixtures,mfloormcoverings,mmachinerym&mequipment mservicingm building,moutdoormfixture
s,moutdoormpatiomfurniture
QUESTION
Coveragem Bm(Commercial)
Answer:
Businessmpersonalmproperty-
mContentsmof mtheminsured,minventory,mleased mequipment,mtenantsmimprovements
QUESTION
Coveragem Cm(Commercial)
Answer:
Personalmpropertymbelongingmtomothers
QUESTION
LessorsmRisk
