exam

All of the following are true about the Limits of Insurance Section of the Businessowners Coverage Form - Section II, except: A The Products and Completed Operations aggregate limit is equal to the Liability and Medical Expense limit B The Damage to Premises Rented to You limit applies only to premises rented to the insured C The Medical Expense limit is a per person limit D The Liability and Medical Expense limit applies per person or organization for personal injury claims

a

An event that results in an insured loss because of a continued and repeated exposure, in insurance is said to be: A An occurrence B Wear and tear C Deterioration D An accident

a

An evidence of debt is an example of: A Securities B Money C Insurance D Currency

a

An insured has a Building and Personal Property Coverage Form with limits of $300,000 and a coinsurance clause of 80% with the standard deductible of $250. The building value at the time of loss was $500,000. How much will the policy pay when there is a $10,000 covered loss? A $7,250 B $10,000 C $7,750 D $7,500

a

Assignment in the Conditions of a property policy is best described as: A The insured may not transfer ownership of the policy without the insurer's written permission B The insured's responsibility to give prompt loss notice to the company C The requirements placed upon the insured regarding legal action D The naming of parties other than the insured on loss payment checks

a

Business personal property coverage does not include protection for which of the following? A The business owner's delivery cargo van B Merchandise held for sale C Raw materials used to manufacture goods D Furniture and fixtures

a

Statutory Law Defenses are determined by which of the following? A Enactment of Legislatures B Judicial decisions C Executive decisions D Administrative decisions

a

The Basic (DP-1) Dwelling Form does not include: A Additional Living Expenses B World-Wide Coverage on Personal Property C Property Removed to a Newly Acquired Residence D Fair Rental Value

a

The Commissioner of Insurance has some general duties, which include all of the following, except: A Interpreting and amending state laws relating to insurance B Prescribing procedures to be followed in hearings before the Department or Division of Insurance C Examination of the financial status of each insurer D Regulation of the internal affairs of the Department or Division of Insurance

a

The Owner's Form is different from the Shipper's Form and the Trucker's Form because: A It is designed to provide coverage for a business firm that transports its own goods B It covers the owner's interest in goods shipped by common carriers C It covers the owner's trucks on a blanket basis D It covers the owner's interest in goods shipped by independent truckers

a

Under Coinsurance, all of the following are true, except: A The value of the property at the time the policy was written determines the amount of insurance required at the time of loss B Coinsurance results in a reduced rate C If the specified percentage of insurance is not carried, the insured will share in the loss D There is no penalty when the insured suffers a total loss

a

Under Coinsurance, all of the following are true, except: A The value of the property at the time the policy was written determines the amount of insurance required at the time of loss B There is no penalty when the insured suffers a total loss C Coinsurance results in a reduced rate D If the specified percentage of insurance is not carried, the insured will share in the loss

a

Under a personal auto policy, liability for bodily injury resulting from the insured's use of a borrowed vehicle is: A Provided on an excess basis B Provided on a primary basis C Not covered because of the Care, Custody and Control Clause D Shared pro rata between the insured's policy and the policy on the vehicle

a

Under the Basic Dwelling Form, is damage caused by vandalism automatically included? A No, it must be added by endorsement B It is not available in the Basic Dwelling Policy C It is included in the Extended Coverage Perils D It is included as Basic Peril

a

When a car dealer has an auto inventory that fluctuates from month to month, the car dealer should report the inventory on which of the following basis? A Reporting Form B Inventory Form C Garagekeepers Form D Stated Value Form

a

When the amount of damage awarded is reduced in proportion to the degree of negligence, this is called: A Comparative negligence B Contributory negligence C Comparative risk D Contributory risk

a

Whenever a licensee of the Department of Insurance receives a request for records, the requires that records must be delivered to the Commissioner within: A 30 days B 90 days C 10 days D 60 days

a

Which is not a coverage provided by the BOP's business liability coverage? A Medical payments B Advertising injury C Personal injury D Property damage

a

Which of the following constitutes the acceptance of an offer? A When an insurer issues a binder B When the insurer makes a counteroffer C When the agent assures the applicant he or she will be covered D When the applicant completes the application

a

Which of the following forms provide indirect loss? A Business Income Coverage Form B Building and Personal Property Coverage Form C Commercial Glass Coverage Form D Legal Liability Coverage Form

a

Which of the following is the most correct regarding pro rata cancellation? A The insured will receive back the entire unearned premium without any penalty B The premium is fully earned by the insurance company C The insured will receive back 90% of the unearned premium D The insured will receive back 75% of the unearned premium

a

Which of the following is true regarding the Personal Auto Policy on Out of State coverage? A While the covered auto is away from the state where it is licensed, the policy will increase the Limit of Liability insurance to comply with any compulsory insurance or financial responsibility law in the state where the covered auto is being used B The liability limits of the policy remain the same regardless of where the vehicle is used C When being used in any state other than the one in which the vehicle is licensed, the liability limits are automatically the minimum financial responsibility limits of the state in which the vehicle is licensed D The insured should be sure that the liability limits of the policy equal or exceed the minimum limits of the compulsory insurance or financial responsibility laws of any other state where the vehicle might travel

a

Which of the following is true regarding the Supplemental Extended Reporting Period? A The premium is a one-time charge B It covers claims that take place after the policy term, during the Supplemental Extended Reporting Period C The charge for the Supplemental Extended Reporting Period shall not exceed the premium of the expiring policy D Cancellation by the insurer requires 90 days notice of cancellation

a

Which of the following statements about the National Flood Insurance Program is false? A Coverage becomes effective after a 24-hour waiting period B The deductible applies separately to the building and contents C Mudflow is covered; mudslide is not covered D Coverage for property moved to avoid a loss is insured for 45 days at the new location

a

Which type of bonds guarantee that an obligation will be fulfilled? A Surety B Blanket C Honesty D Fidelity

a

A person will be deemed to be transacting insurance when the person advertises on the internet, and does any of the following, except: A Accepts an application for coverage from a California resident B Communicates an invitation to inquire C Provides an insurance premium quote to a California resident D Communicates with a California resident regarding one or more terms of an agreement to provide insurance on an insurance policy

b

All of the following are false in regard to deductibles in property insurance, except: A Deductibles apply only to larger losses B Deductibles help reduce the number of frivolous or small claims C Deductibles tend to increase premiums D Deductibles reduce the total amount of insurance available

b

All of the following are true about filing Inland Marine floaters, except: A Personal inland marine policies are generally exempt from rate and filing requirements B Non-filed forms are standardized C Most inland marine floaters are non-filed D Floaters may be filed or non-filed

b

All of the following are true about liability insurance, except: A Normally, the burden of proof is on the injured party to prove that the other party was negligent B Split limits identify the percentage of one injured person's loss payable by the insurance company when more than one person is injured C The amount of insurance available per person may be limited by the per occurrence or aggregate limits stated in a liability policy D When determining negligence, the prudent person standard applies

b

All of the following are true of a FAIR Plan, except: A Every insurer in the state must participate in the program B Coverage is available for farm, but not for auto risks C The FAIR Plan is a joint reinsurance association D Agents do not have binding authority

b

All of the following are true, except: A Punitive damages are intended to deter the negligent party from similar conduct in the future B Comparative negligence weighs the negligence of an insured vs his insurer C Proximate cause requires an unbroken chain of events beginning with the negligent act leading to the injury or damage D General damages include pain and suffering

b

Any licensed agent who has committed any offense denounced by the Code may have an insurance license suspended by the Commissioner for up to: A 2 years B 3 years C 1 year D 18 months

b

Broker-Agent who receives compensation for referring a client to a premium financing entity must do all of the following, except: A Disclose all forms of periodic payments offered by the insurer to the consumer prior to placing business with a premium financing entity B Keep records of premium financing arrangements for a minimum of 5 years C Disclose the amount of compensation received D Obtain the client's written consent to enter into a premium financing arrangement

b

Business personal property coverage does not include protection for which of the following? A Raw materials used to manufacture goods B The business owner's delivery cargo van C Furniture and fixtures D Merchandise held for sale

b

Disclosure or lack of disclosure in a statement that would change an insurer's decision to issue a policy for the same premium is considered: A Estoppel B Material C False D Waived

b

Every licensee must file with the Commissioner in writing the true name of the individual or organization and all _______names under which business will be conducted. A Trade B Fictitious C Marketing D Brand

b

Insuring an automobile is considered which of the following? A Excluded peril B Pure Risk C Adverse selection D Speculative risk

b

Ocean Marine Insurance is written full value and may become void if which of the following happens? A The vessel is decommissioned while at sea B If implied warranties are violated C The Inchmaree Clause is violated D The vessel changes course for any reason

b

State financial oversight of admitted insurance companies does not include which of the following? A On-site financial examinations by state employees at least every 5 years B Requiring investment of reserves in California-issued financial instruments C Regulations concerning investment of policy reserves D Quarterly and annual financial reports submitted by the insurance companies

b

The Dwelling Broad Form (DP-2) includes coverage for all of the following, except: A Damage caused by burglars (but not property taken by burglars) B Water damage by flood C Accidental discharge or overflow of water or steam from a heating or air conditioning system or household appliance D Breakage of glass that is a part of a building, storm door or window

b

The Personal Auto Policy may be used to insure all of the following, except: A A farm pickup B A motorcycle C A station wagon D A conversion van

b

The Shipper's Form uses the same basic policy as the Truckers Form, however, the coverage is fundamentally different because: A It covers the trucker's legal liability for the shipper's goods B It covers the shipper's own goods C It is a Legal Liability Form D It covers goods in the shipper's own trucks

b

The provision that establishes the method by which coverage will be applied if other insurance applies to the loss, is sometimes called: A The Subrogation provision B The Other Insurance provision C The Claim Settlement provision D The Limit of Liability provision

b

Under Covered Property of the Building and Personal Property Coverage Form, the building or structure that is described in the Declarations includes: A Tenant's interest in Improvements and Betterments B Completed additions, fixtures, including outdoor fixtures, permanently installed machinery and equipment C Property that is located in or on the building described in the Declarations or in the open (or in a vehicle) within 100 feet of the premises D Furniture, fixtures, machinery and equipment

b

Under Products Liability Coverage, which of the following is true? A Products Liability related claims deplete the General Aggregate Limit under the Commercial General Liability Coverage Part of the Commercial Package Policy B The bodily injury or property damage must occur away from the premises the insured owns or rents C Coverage for property damage liability is limited to damage to the insured's premises arising from the product D The bodily injury or property damage must occur upon the insured's premises and arise from the product

b

Under bodily injury and property damage liability of the Commercial General Liability Coverage Part of the CPP, all of the following are excluded from coverage, except: A Workers' Compensation claims B Operation of mobile equipment C Expected or intended injury D War/Terrorist Acts

b

Under the Businessowners Coverage Form Section I - Property, which of the following statements is true? A It automatically includes coverage for normal wear and tear B It automatically includes burglary and robbery coverage C It automatically includes Earthquake Coverage D It automatically includes power failure away from premises

b

When Transit Coverage Forms are written on an open cargo basis they: A Cover losses due to improper packing or handling B Cover all shipments C Cover only inbound shipments from suppliers D Cover only outbound shipments to customers

b

Which is true of the Special Dwelling Forms? A It will automatically cover the theft of contents B Contents are covered on an actual cash value basis C It will cover the cracking of walls due to settling D Losses to the dwelling are paid on an actual cash value basis

b

Which is true regarding dwelling policies? A Coverage D is considered a direct loss coverage B Property of guests and servants is covered under Coverage C C Coverage B includes the insured's use of a garage as an office D Coverage C includes property of tenants and boarders

b

Which of the following best describes a Liability Policy that is primary? A It pays only after other insurance covering the same loss is exhausted B It is the policy that pays first with respect to other policies C It provided only basic coverage D It shares the loss with other policies covering the same loss

b

Which of the following describes the term General Average under Ocean Marine Insurance? A This term refers to the average value per item of all the cargo on the ship B A partial loss where the loss is shared, where jettison of cargo is necessary to save the ship C This term refers to the average freight charges on the entire cargo of the ship D A partial loss where the loss is not shared

b

Which of the following is an example of a common carrier's legal liability? A Exercise of a public authority B Neglect of an employee C Inherent vice D Neglect of a shipper

b

Which of the following is assumed to be a competent party for the purpose of entering into an insurance contract A A person under the influence of drugs or alcohol B A person over the age of 21 C A person institutionalized based on the diagnosis of a mental disorder D A person under age 14

b

Which of the following is false regarding Ocean Marine Insurance? A Breach of certain implied warranties may cause the contract to become void B Rates for ocean marine insurance are strictly regulated C There is no Standard Ocean Marine Form D Cargo coverage is generally written on a valued basis

b

Which of the following is not an implied warranty in relation to Ocean Marine Insurance? A Legality B Full value C No deviation in voyage D Seaworthiness

b

Which of the following is used to add specific property to a policy after it is initially written? A Warranty B Endorsement C Binder D Representation

b

Which statement is correct? A Blanket coverage is commonly written when insuring property at a single location B A spark that jumps from a fireplace and ignites a nearby rug would be deemed a hostile fire C Most property policies include inherent vice as a covered peril D Loss of profits resulting from a fire is a direct loss

b

A ramp collapses after being built and injures a pedestrian. Which type of liability would apply? A Products B Premises C Completed Operations D Operations

c

All of the following are correct in regards to the Extra Expense Coverage Form, except: A It includes costs to equip a temporary location B It is considered to be a Time Element Coverage C Extra Expense coverage cannot be included in the Business Income Coverage Form D It covers necessary additional expenses incurred during the period of restoration that would not have occurred if there had been no direct physical loss

c

All of the following are coverage extensions under the Building and Personal Property Coverage Form, except: A Outdoor property B Newly acquired or constructed property C Inflation guard D Personal effects and property of others

c

All of the following are excluded under a BAP, except: A Racing B Pollution C Property Damage D Completed Operations

c

All of the following are false in regard to deductibles in property insurance, except: A Deductibles tend to increase premiums B Deductibles apply only to larger losses C Deductibles help reduce the number of frivolous or small claims D Deductibles reduce the total amount of insurance available

c

All of the following are true of Non-Standard Physical Damage Coverage, except: A Only individuals specifically named on the Declarations Page are insured drivers. B It is primarily purchased as a separate policy by individuals who are insured through the California Automobile Assigned Risk Plan for automobile liability insurance C Coverage options are less restrictive than under traditional physical damage coverage D There are higher deductibles applied in the event of a loss than there are in traditional physical damage coverage

c

All of the following are true of Section II of a Homeowners Policy, except: A Medical payments include guests B Medical payments coverage would apply if the family dog were to bite someone 3 blocks from home C Loss assessment charges in any amount against the insured by a property owner's association are excluded D First aid expenses are automatically included

c

All of the following are true of a Homeowners Policy, except: A Section II is the same in all Homeowners Policies B Cemetery plots, burial vaults and vacant land are insured locations C Section II provides coverage for damage to the insured's property D The Personal Liability Coverage in Section II is written on a single limit basis

c

All of the following are true of medical payments under the Personal Auto Policy, except: A Persons other than the insured and family members must be occupying the insured auto for coverage to apply B The coverage limit applies per person, per accident C Coverage applies only for medical expenses incurred within 1 year of the accident D Medical expenses of the insured and family members are included

c

Producer's licenses may be renewed after 2 years on which day? A The producer's birthday B The first of the issuance month C The last day of the issuance month D The 15th of the issuance month

c

The following are all correct, except: A A physical hazard includes location B Flammable material near a furnace would be considered a physical hazard C A physical hazard includes an attitude of indifference to loss D A moral hazard includes dishonesty

c

Under Covered Property of the Building and Personal Property Coverage Form, the building or structure that is described in the Declarations includes: A Tenant's interest in Improvements and Betterments B Property that is located in or on the building described in the Declarations or in the open (or in a vehicle) within 100 feet of the premises C Completed additions, fixtures, including outdoor fixtures, permanently installed machinery and equipment D Furniture, fixtures, machinery and equipment

c

Under a personal auto policy, liability for bodily injury resulting from the insured's use of a borrowed vehicle is: A Provided on a primary basis B Not covered because of the Care, Custody and Control Clause C Provided on an excess basis D Shared pro rata between the insured's policy and the policy on the vehicle

c

Under the Dwelling policies, which is correct regarding coverage of trees, shrubs or plants? A All vehicle damage to trees, shrubs, or plants is covered B Theft of shrubs and plants is covered C Damage by wind, hail, weight of ice, snow or sleet is not covered D The Limit of Liability is $1,000 for any tree, shrub, or plant

c

Under the Personal Auto Policy, medical payments do not apply to persons while occupying which of the following? A A non-owned vehicle B A pickup used in the insured's business C A vehicle used during the course of employment if Workers' Compensation benefits are required or available D A van used in the insured's business

c

What are the territorial limits of the Contractor's Equipment Coverage Floater? A United States, Puerto Rico, and Mexico B United States, Canada, and Mexico C The United States and its Territories, Canada, and Mexico D United States, Canada, and Puerto Rico

c

What must an insurance broker have in place in order to be able to receive, directly from an insured, any compensation or fees for services to be provided? A Approval from the Insurance Commissioner B An established place of business in California C A Brokers Service Contract D A life, accident & health insurance license

c

Which Statutory Law Defense states that damages are reduced in proportion to the degree of negligence? A Assumption of Risk B Contributory Negligence C Comparative Negligence D Statute of Limitation

c

Which is not a category of inland marine insurance? A Property in transit B Fixed Instrumentalities of transportation C Property in landlocked areas D Property held by a bailee

c

Which of the following is true concerning the condition of Premium Audit of the Commercial General Coverage Part to the Commercial Package Policy? A Premium Audit is the action taken by the insurer to see that the insured's rating is properly classified B Premium Audit refers to the right of the insured to contest the premium after policy issuance C The advance premium is only a premium deposit, and the earned premium will be based on an audit at the end of the policy period D Premium Audit is the comparison of the insured's premium with the average premium in the insured's rating classification

c

Which of the following is true of the Dwelling Under Construction Endorsement of a Dwelling Policy? A The amount of insurance at any time is the provisional amount stated in the Declarations B Insurance applies to the Dwelling under Coverage A and to other structures under Coverage B C The premium is based upon a percentage of the Coverage A limit D The insured had up to 90 days to notify the company that the dwelling is occupied

c

Which of the following is true of the Equipment Breakdown Protection Coverage Form? A Earth movement is covered B Breakdown includes damage to the foundation supporting insured equipment C Business income is defined as net income that would have been earned or incurred, and continuing operating expenses, including payroll D Damage to equipment undergoing a pressure or electrical test is covered

c

Which of the following is true regarding Coverage A under the Dwelling Policy? A Coverage A includes a detached carport B Outdoor equipment is not covered C The policy does not include coverage for wind loss of television antennas D Coverage on land is restricted to the land upon which the dwelling is sitting

c

Which of the following is true regarding Coverage A under the Dwelling Policy? A Coverage on land is restricted to the land upon which the dwelling is sitting B Coverage A includes a detached carport C The policy does not include coverage for wind loss of television antennas D Outdoor equipment is not covered

c

A loss exposure is best defined as: A Something that increases the chance of a loss B The loss itself C A reduction in, decrease in, or disappearance of, value D The possibility of a loss

d

All of the following are excluded from Commercial Crime Coverage, except: A Theft by a Partner B Government seizure C Indirect losses D Employee Theft

d

All of the following are false concerning the National Flood Insurance Program, except: A Flood policies are available only from the National Flood Insurance Program B Agents may bind flood insurance for up to 15 days prior to submitting the final application C When coverage is on dwelling property, it is extended to include trees, shrubs, and plants D Payment for losses are made by the federal government

d

All of the following are false statements about Medical Payments under Liability Insurance, except: A They apply to all expenses incurred within three years of the accident B They apply to members of amateur athletic teams sponsored by the insured C They apply to all persons on the premises for any reason D These payments are made regardless of fault or negligence and payment is not an admission of fault

d

All of the following are restricted from entering into an insurance contract, except: A Mentally incompetent persons B People under the influence of drugs or alcohol C Minors D Retired persons

d

All of the following are true about filing Inland Marine floaters, except: A Personal inland marine policies are generally exempt from rate and filing requirements B Floaters may be filed or non-filed C Most inland marine floaters are non-filed D Non-filed forms are standardized

d

All of the following are true about liability insurance, except: A The amount of insurance available per person may be limited by the per occurrence or aggregate limits stated in a liability policy B Normally, the burden of proof is on the injured party to prove that the other party was negligent C When determining negligence, the prudent person standard applies D Split limits identify the percentage of one injured person's loss payable by the insurance company when more than one person is injured

d

All of the following are true of Dwelling Forms, except: A Coverage A includes building materials on premises intended for repair B The broad form will cover water damage caused by a burst pipe C Mobile homes are only eligible on the DP-1 form D Radio and television antennas are covered for wind-related losses

d

All of the following are true of negligence, except: A It does not include breach of contract B It is a type of tort C It is the failure to use ordinary care D It does not require a duty to be owed

d

An insured transporting cargo and passengers would choose which form? A Business Auto B Garage C Truckers D Motor carrier

d

Any insurer who knowingly violates any of the anti-discriminatory practices will be assessed a civil penalty in the amount of ____________, plus any court costs. A $1,000,000-$5,000,000 B $10,000-$50,000 C $100,000-$500,000 D $1,000-$5,000

d

Choose the peril that is not covered under Personal Injury Coverage. A Libel and Slander B False Arrest C Malicious prosecution D Bodily Injury sustained during an eviction

d

Coverage Other Than Collision would include all of the following losses to the insured vehicle, except: A Explosion or Earthquake B Fire C Theft or Larceny D Damage to the insured auto from running into a tree

d

Files and records must be maintained for inspection by the Commissioner for no fewer than how many years? A 1 B 8 C 4 D 5

d

In Liability Insurance, Personal Injury includes all of the following, except: A False Arrest B Slander C Libel D Bodily Injury

d

In Liability Insurance, the most coverage will pay for a loss arising out of any one occurrence regardless of overall policy limits, is known as: A The Per Person Limit B The Split Limit C The Aggregate Limit D The Per Occurrence Limit

d

Money and Securities Optional Coverage (when activated by an entry on the Declarations Page) of the BOP will cover which of the following? A Business Personal Property, as well as Money and Securities, against theft or destruction B Accounts receivable records, which are necessary to prove amounts owed the insured C Loss of Money or Securities resulting from dishonest acts of employees D Money and securities against theft, disappearance or destruction

d

Of the Dwelling Policy Forms, which one does not cover Damage by Burglars? A Special Form (DP-3) B None of the Dwelling Policies cover Damage done by Burglars C Broad Form (DP-2) D Basic Form (DP-1)

d

Persons who willfully commit unfair acts and practices may be issued a cease and desist order, carrying administrative penalties of up to how much per act? A $5,000 B $1,000 C $25,000 D $10,000

d

Prior to final settlement following the theft of a motor vehicle, the insured must provide all of the following, except: A A description of any unusual interior or exterior special equipment B The insured's driver license number C Acknowledgment that providing false information is a crime D A copy of the most recent vehicle registration certificate

d

The Basic Cause of Loss Form under the Commercial Property Coverage Part will cover losses caused by: A Weight of Ice, Snow or Sleet B Water Damage Caused by Accidental Discharge of Water C Falling Objects D Sprinkler leakage

d

The JKL Insurance Company is incorporated in Zurich, Switzerland, has its home office in Orlando, Florida, and is authorized to conduct the business of insurance to Californians through its branch office in Rancho Mirage, California. To the state of California, JKL is a: A Domestic insurer B Foreign insurer C Sovereign insurer D Alien insurer

d

The Personal Articles Floater is written: A On a named perils basis B Only as a stand-alone policy C When the property it insures is excluded under Coverage C of the Homeowners Policy D To insure scheduled personal property

d

The regular flood program provides up to $100,000 in coverage for: A Non-residential structures B Residential structures C Contents of non-residential structures D Contents of residential structures

d

Under Aleatory contracts the exchange of values may be: A Waived B Equal C Indefinite D Unequal

d

Under the Commercial Building and Personal Property Coverage Form, the building is considered vacant, unless: A At least 61% or more of the square footage is rented or is used to conduct operations B At least 41% or more of the square footage is rented or is used to conduct operations C At least 51% or more of the square footage is rented or is used to conduct operations D At least 31% or more of the square footage is rented or is used to conduct operations

d

Under the Dwelling policies, which is correct regarding coverage of trees, shrubs or plants? A Theft of shrubs and plants is covered B All vehicle damage to trees, shrubs, or plants is covered C The Limit of Liability is $1,000 for any tree, shrub, or plant D Damage by wind, hail, weight of ice, snow or sleet is not covered

d

Under the Property Removed coverage extension of a Dwelling Policy, which of the following is incorrect? A The extension does not change the Limit of Liability that applies to the property B The property is covered against direct loss from any cause C Coverage applies up to 5 days in the DP-1, and up to 30 days in the DP-2 D The policy will not provide any coverage while insured property is being removed from endangered property

d

Which of the following best describes the situation when a property has neither contents nor occupants? A Abandonment B Ordinance or Law C Unoccupancy D Vacancy

d

Which of the following is an example of concealment? A Mary inadvertently answers 'No' to the question, 'Have you been involved in more than one traffic collision in the past three years?' believing her accident happened more than three years ago B Mary tells her agent she paid a traffic citation for speeding ten days ago, but her agent marks the application 'No' without Mary's knowledge because he knows the ticket will not show up on her driving record for at least 90 days C Mary indicates on her application that her annual mileage is 15,000, when she knows that she drives more than 450 miles per week to and from work D Mary answers 'No' to the question 'Have you been convicted of driving under the influence in the past ten years?' when she is scheduled to appear for trial for a DUI arrest tomorrow morning

d

Which of the following is not a basis for Garagekeepers coverage? A Direct Primary Basis B Excess Basis C Legal Liability Basis D Indirect Primary Basis

d

Which of the following is not an element of an ideally insurable risk? A Risks must include a large number of homogenous units B The loss must be accidental C The loss must be quantifiable D The loss must be catastrophic

d

Which of the following is not covered by Supplementary payments under a BOP? A Insurer expenses B Loss of earnings C Bail bonds D First aid

d

Which of the following is true about Commercial General Liability Medical Expenses? A Medical expenses will pay for an injury to the insured's tenant B Any expenses reported within 3 years of the accident will be covered C First aid is not included D Medical expenses do not pay for injury to the insured

d

Which of the following is true regarding liability insurance? A The liability policy provides coverage for all acts of wrongdoing B A liability policy provides coverage for criminal acts C A liability policy provides coverage for all torts D A liability policy provides coverage for unintentional torts

d

Which of the following losses is not covered under a DP-2 (Broad Form) policy? A Sudden and accidental discharge from artificially generated electrical current B Freezing of plumbing, heating, or air conditioning C Falling objects D Theft of personal property

d

Which one of the following funds is considered to have been stolen and can result in his/her punishment under the law if an agent puts to personal use? A First year commissions received B Renewal commissions received C Expense reimbursements D Premiums collected

d

Which statement is true of medical benefits under California Workers' Compensation Insurance? A They are limited by time, but have no dollar limits B They have dollar limits, but not time limits C They are limited by both time and dollar limits D They are not limited by either time or dollar limits

d