Gaurantee exam questions missed

HO-5

Which form insures both buildings and personal property

an addittional 5 % of the policy limit may be paid for debris removal

a house insured with a home owners policy has been blown off its foundation by a tornado it must be demolished and removed so a replacement house can be built

life and health insurance councelor

a licensee who for a fee or commission offers to examine a life insurance policy and gives advice regarding the policy is known as

Auto collision coverage

a personal umbrella policy may act as excess over any of the following insurance coverage policies except

Morale Hazard

an applicant for property insurance owns a building in which combustible materials are stored in furnace room from a underwriting standpoint this risk would likely be considered a

10,000

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

Notice of Claim form

an insured has extended coverafe dwelling vandelism she fills out form detailing events leading to loss

Consequential Loss

an insured home catches fire as a result the insured family must stay in motel until home is repaired the cost of the motel stay would be considered

part B-medical Payments

an insured is injured while driving his own car. which of the following will pay for the losses

the insured submits a claim against the policy

an insurer may cancel a homeowners policy that has been in effect for more then 60 days for any of the following reasons except

Workers Compensation

claims from which of the following types of insurance will be covered by the texas property and casualty insurance guaranty association

a reasonable expectation that act may cause injury or damage

for there to be negligent liability all of the following must

10 days

in insurer wants to cancel a personal auto policy for non payment of premium the insurer must send the insured a notice of at least

at least 2 auto insurers

in order to obtain insurance through the texas automobile insurance plan association the applicant must provide proof that he or she has been rejected by

Self-insured retention (SIR)

the amount of loss the insured is willing to absorb without insurance protection is known as

300,000

the texas property and casualty insurance gauranty association will cover all other claims arising from same occurence except workers compensation claims up to what limit

residual markets

what is designed to assume risks that are generally unacceptable to the normal insurance market

60 days

what is the maximum amount of time an insurer may delay payment of a claim without having to pay an additional interest

there is no maximum limit

what is the maximum period of time the commissioner may revoke your agents license

Benefits

which of the following components is not part policy structure

Limits of Liability

which of the following describes an insurers responsibility for payment under a policy as stated in common policy provisions

fire caused by earthquake

which of the following is covered under a dwelling policy

endorsements may only add coverage to a current policy not removed

which of the following statements does NOT describe endorsements

the insured may reject this coverage in writing

which of the following statements is true regarding personal injury protection coverage in auto liability policies issued in this state PIP

insurance transaction

which of the following term refers to solicitation,negotiation,effectuation,or advising related to an insurance contract

A full time Maid

which of the following would be eligible for homeowners coverage F medical payments in the event of injury at the insured premises

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

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

one party accepts the exact terms of the other partys offer

which statement best describes agreement as it relates to insurance contracts

the insured causes a head on collission with the car of an uninsured motorist

which would NOT be covered by an insured uninsured motorist coverage