P&C test missed questions

Under a Mobile Homeowners policy, if the mobile home is insured under Coverage A for $100,000, how much coverage would ordinarily apply to personal property under Coverage C? A $40,000 B $50,000 C $20,000 D $30,000

A $40,000

An insurer discontinued a policies that had been posted online. How long must the insurer allow the information for the policy to remain accessible? A 5 years B 3 years C 2 years D 1 year

A 5 years

Which of the following would be not covered by a Business Auto Policy? A An employee is injured while driving a covered auto B A manager's spouse drives the company car C The Director of Sales rents a vehicle for sales visits D The named insured leases a car for client visits

A An employee is injured while driving a covered auto

In the state of Arizona, an insurer may use marital status to determine which of the following? A Dependent status B Policy terms C Insurance limitations D Premium rates

A Dependent status

The Reasonable Expectations Doctrine states that the insured: A Is entitled to coverage that a reasonable and prudent buyer can expect, even if it goes against the strict terms of the policy B May expect the insurer to be reasonable in its consideration of a claim C Must fully cooperate with the insurer during the investigation of a claim in order to determine coverage for a loss D May reasonably expect that all submitted claims will be paid

A Is entitled to coverage that a reasonable and prudent buyer can expect, even if it goes against the strict terms of the policy

A standard Personal Auto policy considers all of the following to be uninsured motor vehicles, except: A A hit-and-run vehicle whose owner or operator cannot be identified B A vehicle that is being used as a residence C A vehicle with insurance from an insurer that becomes insolvent D A vehicle with no liability insurance coverage

B A vehicle that is being used as a residence

Under the HO-4 and HO-6, personal property is covered on which basis? A Basic Form perils basis B Broad Form perils basis C Open perils basis D All-risk basis

B Broad Form perils basis

Neither the Computer Fraud nor Funds Transfer Fraud forms cover which of the following claims? A Loss of funds when a person directs a bank's online check system be transferred to him B Damage to physical computer incurred while a customer is trying to illegally transfer money from the bank C Loss of money transferred from a computer by a person who confiscated another person's banking online ID D An electronic request to the bank computer to transfer money from a bank to an illegal account

B Damage to physical computer incurred while a customer is trying to illegally transfer money from the bank

Which of the following crime forms requires the use of a Retroactive Date? A Occurrence Form B Discovery Form C Claims-made form D Loss Sustained Form

B Discovery Form

Section I of a Homeowners policy does NOT include which of the following coverages? A Other structures B Liability C Additional living expense D Loss of use

B Liability

The Building and Personal Property Coverage Form does not cover: A Personal property of others B Liability C Business personal property D Buildings

B Liability

The CGL's general aggregate limit does not cover which of the following? A Medical payments B Liability associated with a recalled product C Advertising injury liability D Bodily injury liability

B Liability associated with a recalled product

Under a Commercial Crime policy written on the Discovery Form, what is the latest date that a covered loss can occur? A 1 year following policy expiration B The policy expiration date C The policy inception date D The retroactive date

B The policy expiration date

Coverage C on the HO-3 would cover which of the following losses? A Lightning damage to a structure held for rental to tenants as a private garage B Vandalism loss to property the insured borrows from a neighbor C Damage to furniture caused by wild animals D Fire loss to the personal property of a boarder who is not related to the insured

B Vandalism loss to property the insured borrows from a neighbor

Under Coverage J - Medical Payments of the Farm Liability Coverage Form, coverage is provided for reasonable medical expenses of others incurred within: A 1 year of the occurrence B 2 years of the occurrence C 3 years of the occurrence D 4 years of the occurrence

C 3 years of the occurrence

Under a Basic Form Dwelling policy, losses to the dwelling are paid on which basis? A Agreed value B Replacement cost C Actual cash value D Market value

C Actual cash value

A producer who engages in an unfair or deceptive practice can be ordered by the Director to immediately stop engaging in that practice. This is an example of which of the following? A Suspension B Contempt of court C Cease and desist D Civil penalty

C Cease and desist

Which of the following types of liability limits represents the maximum amount payable for a single occurrence, without regard for the number of claimants? A Per person limit B Comprehensive limits C Combined single limit D Split limits

C Combined single limit

Under the Arizona Special Provisions endorsements for Dwelling and Homeowners coverage, which of the following is not an additional coverage? A Debris removal B Property removed C Fire department service charge D Reasonable repairs

C Fire department service charge

Choose the best answer regarding the details of the Yacht Policy. A The policy contains no navigational limits B The policy provides coverage only for damage to the yacht itself C It is an Ocean Marine Form and provides both property and liability coverage D Liability related exposure must be covered under a separate policy

C It is an Ocean Marine Form and provides both property and liability coverage

All of the following are true of the Equipment Breakdown Protection Coverage Form, except: A Property is insured on a replacement cost basis, unless the Actual Cash Value Endorsement is chosen B Coverage is included for property of others in the insured's care, custody and control C Malfunction is included in the definition of breakdown D Coverage is automatic, at newly acquired premises for a period of time specified in the Declarations

C Malfunction is included in the definition of breakdown

Which of the following is not a supplementary payment provided by the liability coverage of a Personal Auto policy? A Up to $250 for the cost of bail bonds B UP to $200 per day for the insured's lost earnings due to the trial C Medical payments for an occupant of an insured vehicle D Reasonable legal expenses incurred at the insurer's request

C Medical payments for an occupant of an insured vehicle

A policyholder has a Special Form Dwelling policy. Which of the following statements about loss settlements is correct? A Other structures must meet a 50% insurance to value requirement to receive full coverage for partial losses B Outdoor equipment covered under Coverage A is valued on a replacement cost basis C Personal property is valued on an actual cash value basis D Losses to the dwelling are paid on an actual cash value basis

C Personal property is valued on an actual cash value basis

Regarding inland marine policies, which of the following statements is false? A The Accounts Receivable Coverage Form is a controlled or standardized form B The Contractor Equipment Floater Form is usually written on an open peril basis C The Bailees Customers Form covers the insured's property D The Installation Floater Policy provides coverage while the property is in transit and during installation

C The Bailees Customers Form covers the insured's property

Which statement is not true of Temporary Total Disability? A The length of the disability must exceed the waiting period B The employee is expected to return to work C The employee can work while recovering D Retroactive benefits will be paid if disability exceeds the waiting period

C The employee can work while recovering

Who is the obligee on a Fidelity Bond? A The court B The surety C The employer D The employee

C The employer

Under Part One of a Workers' Compensation and Employers Liability policy, the insurer agrees to pay all of the following expenses, except: A Premiums for appeal bonds B Interest on judgments against the insured C The insured's loss of earnings due to the insurer's investigation D Workers' Compensation benefits owed to injured workers

C The insured's loss of earnings due to the insurer's investigation

Which of the following is true about the Dwelling Policy Special Provisions - Arizona endorsement? A Intentional loss to property applies to a loss caused by domestic violence B Fire department service charges are covered C The insurer can subrogate against the person who caused domestic violence D The insurer has 60 days to pay a covered property loss

C The insurer can subrogate against the person who caused domestic violence

An HO-3 policy will pay how much for a tree damaged in a windstorm? A $500 B $1,000 C $250 D $0

D $0

An employer that is self-insured for Workers' Compensation insurance must purchase a guaranty bond in the amount of ___________. A $250,000 B $50,000 C $500,000 D $100,000

D $100,000

In Arizona, the insurer's right to recover payment under Medical Payments does not apply to the first _________ paid. A $2,000 B $1,500 C $500 D $5,000

D $5,000

A Builders Risk policy insuring a commercial building under construction automatically ends how many days after construction is complete? A. 60 B. 120 C. 30 D. 90

D 90

Which of the following is covered under Section II of a Homeowners Policy? A Liability arising from a business pursuit B An injury to the insured's 10-year-old son C An injury to the insured's employee D An injury to a guest of the insured

D An injury to a guest of the insured

The Collision or Running Down Clause in Ocean Marine Insurance covers: A Collision damage to the insured vessel when it collides with a pier or fixed object B Collision damage to the insured vessel when it collides with another vessel C Damage to the insured vessel caused by running aground D Collision damage to another vessel when the shipper is liable

D Collision damage to another vessel when the shipper is liable

Which of the following is an element of fiduciary responsibility? A Clean credit history B Liability protection C Contractual responsibility D Duty of loyalty

D Duty of loyalty

A loss caused by which of the following would be automatically covered under a Businessowners policy? A Earth movement B Mechanical breakdown C Off-premises power failure D Increased cost of construction

D Increased cost of construction

All of the following regarding Commercial Auto coverage are true, except: A The Business Auto Coverage Form will cover liability from transporting mobile equipment B The most frequently used commercial auto policy is the Business Auto Coverage Form C Section II of the Garage Coverage Form does not provide physical damage coverage to a customer's car D Section II of the Garage Coverage Form does not include completed operations coverage

D Section II of the Garage Coverage Form does not include completed operations coverage

Under which of the following circumstances would the Limited Theft Coverage Endorsement be used with a dwelling policy? A The insured dwelling is owner-occupied B Coverage against vandalism is needed for a dwelling vacant more than 60 consecutive days C Coverage is desired for off-premises property D The insured dwelling is tenant-occupied

D The insured dwelling is tenant-occupied