LOL

ray is insured with an auto liabilty policy his insurer decides however not to renew the policy how many days prior to the expiration of the policy must ray be notified

45

An insred has a peronsal auto policy with the following limits, 50/100/25 the 25 refers to

property damage control

Which of the following types of property is not moveable

real property

What are the types of compensatory damages

special and general

Which of the following exposures is not covered under the garage liabilty forum

Contractual liability

Which of the following exclusions applies to both personal injury and advertising injury in the business owners policy

Willful violation of a penal statute or ordinance committed by the insured

The commissioner must examine the transactions and records of each domestic insurer at least ever

5 years

An insured was judged at fault in an automobile accident he has the 100/300 bodily injury liability coverage three other individuals were injured in the vehicle hit by the insured. they were award damages of 150000 75000 and 75000 what amount if any was not covered by his insurance policy

50000

When does an insurer duty to defend a suit or claim end in a commerical general liabilty policy

When loss payments equal the applicable limit of insurance

all of the following individuals are exempt from the state licensing requirements except

agents selling health insurance

For a producer to act on behalf of an insurance company the producer must have a

appointment

Insurers offering homeowners insurance polices in maryland must offer coveage for wate that backs up thru sewers or drains and is not caused by

insured

according to the law of agency, insurance producers represent

insurers

a structure may be eligible for coverage under the national flood insurance program if it meet all of the following requirements except

is entirely over water

Which of the following is not true of the agent implied authority

it is specifically stated in the contract

Insurance rates developed by the underwriter based on his skill and experience instead of actuarial analysis are known as

judgement rates

Lisa is a property and casualty producers who sells flood insurance Lisa has noticed that her continuing education requiremnts are different from Mikes who deos not sell flood insurance how are lias continnung education requirements different from mikes

lisa must recieve continung education directly related to flodd insurance and mike does not

Agents may be found guilty of defamation if they make a false statement that is intended to?

maliciously criticize another insurance company

Which valuation method takes into consideration what a willing buyer would pay for an insured property

market value

what coverage form in the farm policy insuers equipment on an open peril basis

mobile agriculture machinery and equipment

An insurance company that is ownerd by the policy holder is called a

mutual insurance

What kind of coverage does form DP3 provide

open peril

Coverage B - Personal and Advertising Injury responds to claims arising from

suits alleging infringement of a copyright

Which of the following types of bonds guarantees that a supplier will furnish supplies material products and equipment as specified in the written contract

supply bond

if a producer violates an insurance law who would impose the penalty

the commissioner

Each of the following may be insured under an HO-3 homeowners policy execpt

the owners occupant of a condominium unit

insruance rates are regulated to the extent of all the following except

they are in relation to the cost of living

The owner of arental dwelling insured under a DP2 turns off the heat in the insured dwelling durin the winter months because the dwelling is not occupied the buildings water pipes freeze and break causing damage how will the polciy react to this loss

this loss is excluded from coverage

What is if the purpose of a seperate notice on the collision coverage of a priavate passenger autos

to inform the insured that wiavers or additonal covers is not required ona rented auto

two individuals are in the same risk and age class but they are charged different rates for their insurance polcies due to an insignificant factor this is an example of

unfair discrimination

What amount of coverage if provided to HO polices for watercraft

up to 1500

bdf inusrance is not planning to renew sams property policy how much notice of this nonrenawal must bdf insurance give to same

45 days

The business owners policy liability coverage form will cover medical expenses incurred and reported within what maximum time period after the accident

1 year

The personal property off premises extension of dwelling forms provides limits of coverage up to

10% of coverage C anywhere in the world

if an individual willfully violates provisions of fair credit reporting act what is the maximum civil penalty

2500

An individual just applied for national flood insurance how many days can she expect to wait before coverage is effective

30

The second injury fund will pay the benefits in which of the following situations

An employee with a previous injury suffers a second injury that causes the disability to be more serious

Which of the following would not be covered as a loss under coverage d of a homeowners policy

An insured leased a dwelling for 5 years. two years later the property owner died and the new property owners wanted to make the property their principal residence so the lease was canceled.

Which of the following forms must surplus lines brokers obtain from the commissioner before they may place surplus lines policy

Certificate of qualification

Which of the following is covered under a dwelling policy

Fire caused by an earthquake

when an insured desires to cancel or non-renew a property inusrnce policy, what is the proper procedure for the insurer to follow

Give 45 days advacne notice and advise the insured of his ability to obtain replacement insurance

Which form of insures both buildings and personal property on an open peril rate

HO-5

Which of the following injuries may be covered under Coverage C-medical payments of a commercial general liability policy?

Injuries to another member of the general public that occurs on premises

Which of the following is not true regarding the automatic

It does not required additional premiums

With respect to the commerical package policy an interline endorsement is one that

May apply to more than one line of insurance that is included in the package

What does HO personal proerty coverage not cover

Personal property of roomers not related to the insured.

The garage coverage form is written to cover the insurance needs of an insured in the business of selling, rearing, servicing, or storing automobiles. Which o the following coverage are not included in a garage policy.

Physical damage on a customer auto

The exact, direct, uninterrupted cause of loss is the

Promimate cause

An insureds child ran into a neighbors planter on his bicycle and broke the planter and ruined the plants. The cost to replace the planter was 400 and the cost to replace the plants was 100. Which section of he insureds homeowner policy would pay

Section two with no deduction

Although a businessowners policy will cover fire damage legal liability, which of the following statements is true

The general aggregate does not apply to fire damage legal liability

If an insurance policy has the additional coverage provision, how does it affect the policy premium

There is not additional premium

What is an insured contract

Those contracts that are automatically covered under the exposure of premises coverage in a general liability insurance contract

With reagrd to homeowners policy section two which of the following does not meet the definition of insured location

a plot of farmland owned or rented by the insured

Which of the following best describes a rebate

a producer returning part of her commission to her client as an inducement to buy

Which of the following best describes a rebate

a producer reutring part of her commission to her client as an inducement to buy

which of the following could be insured with replacement cost coverage under the flood insurance program

a single family home

in auto insurance what is the term that defines parts that are used in the repair of an insured vehicle by other than the original manufacturer

after market parts

Which of the following would be added for coverage under a property policy by an endorsement

addtiional insureds

Which coverage form insurers the owners personal property in condominiums

condomiuium unit-owners coverage form

A performance bond is an example of which of the following types of bonds

contract

rental reimbursement will pay for which of the following in the event the insureds vehicle has been damaged

cost of renting a vehicle

Other-than-collusion would cover financial losses due to

damage to an insured's car caused by wind or hail

to determine the actual cash value of an insured property what must be dedected from the current replacement cost

deprecated value

The commerical crime coverage that would cover losses resulting from the theft of money, securites and other property by employees is

employee theft

The deducible under earthquake coverage is stated as what

percentage of loss

Which of the following is the cause of loss

peril

Which provion defines how the policy will respond if there is other valid insurance written on the same risk

other insurance

An employer that fails to comply with Workers compensation laws can be found guilty of a mesdemeanor ans subject to a maximum fine of

1000

Other than perils, the difference is the three DP forms is in coverage provided. Which of the following coverage options is covered by DP 2 and DP 3 but not DP1

Coverage E Additional Living Expense

all of the following are additional coverages under a homeowners policy except

outbuilding

Which of the following is FALSE concerning liability coverage of a business auto policy

The company will reimburse the insured for all loss

Under coverage B other structues a homeowners policy provides coverage for other strucutes on the residence premises, which of the following statements is not ture of this coverage

any loss paid under Coverage B reduces the Coverage A limit

An executive is accused of sexual harassment what type of coverage would respond

employment practices liability

What policy would business owner whose business fills scuba tanks most likely need to insure unfired pressure vessels and compressors

equipment breakdown

If an agent following the rules and terms of his agent contract he is exercising his

express authority

an important fact about the financial status of an insurer was deliberity withheld. which of the following terms best describes this action

false financial statement

an insured has a personal umbrella with 2000 self insured retention assuming no other policy is involved how much would the umbrella pay after a 12000 personal injury liability claim

10000

How often are insurance producers required to complete continuing education requirements

2 years

Which of the following risks would be eligble for coverage under a dwelling policy form.

A duplex that is occupied by two families each of which has a bedroom rented to a boarder

When insurance is written on a dwelling form, which of the following types of property would be inusred under Coverage B

A garage separated from the dwelling

The federal act that provided more favorable benefits for interstate railroad workers by allowing the injured worker to sue the employer for negligence

federal employers liability act

Under the employee theft coverage when a covered employee is found to have participated in a dishonest act the coverage for that employee

immediately