Guaranteed Exam

an insured has an automobile policy with limits of 100/300/50 and a dedutible of $1,000. he is involved in an auto accident and crashes into another drivers auto. the total payment made under the insureds policy is

$125,120

your friends dog that you are keeping while the friend is out of town bit a visitor in your home. does your homeowners liability coverage apply

yes, the coverage would apply for any animal in your care

which of the following would be eligible for homeowners coverage F- Medical Payments in the event of injury at the insureds premises

a full time maid

which of these would be covered by the medical payments coverage in a personal auto policy

an insured slams a hand in the door while getting in, breaking the hand

all advertisements, regardless of their source of creation, are the responsibility of the

department of insurance

which of the following statements does not describe endorsements

endorsements may only add coverage to a current policy, not remove

which of the following is not a characteristic of a difference in conditions policy

it is a standard policy

an insurance agents visits a potential client and explains various types of policies. the customer displays a lack of interest, so the agent guarantees higher dividends than he knows would be possible. which term describes what the agent has done

misrepresentation

an insurance company that is owned by the policyholders is called a

mutual insurer

underwriters use all of these methods to protect the insurer against adverse selection except

only accepting a small percentage of applicants

if an insured purchases an insurance policy with a large deductible, what risk management technique is the insured exercising

retention

each of the following may be insured under an H0-3 homeowners policy excepty

the owner-occupant of a condominium unit

if a car is stolen and left in a snow bank and the radiator freezes and does a lot of damages, is the damage covered by the auto policy

yes, freezing exclusion is removed if the car is stolen

homeowners policies considered all of the following insured location except

a strawberry patch owned by the insured

which homeowners form provides peril coverage for dwelling (coverage a) and contents coverage c

form 5

which of the following would be considered a covered auto on your personal auto policy

your farm wagon being towed by your pick up truck

which of the following would be required to become licensed as an insurance producer

a customer service representative who solicits no more than one policy a year