Property And Casualty Certification Exam (Review Q&As)

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Which vehicle is considered a temporary substitute auto?

A A dealer's loaner car used while the insured's auto is being repaired B A neighbor's auto borrowed by an insured over a weekend C A vehicle rented by the insured on vacation D An auto being test-driven by an insured for possible purchase

Choose the FALSE statement about mobile home insurance:

A Coverage A insures the mobile home and property installed on a permanent basis B The mobile home and contents may be written only on a named peril basis C When threatened by a covered peril, the policy provides $500 for reasonable expenses for moving the mobile home D While being moved to a new location, an optional endorsement will provide coverage for collision up to 30 days

All of the following are correct concerning medical payments under Commercial General Liability Insurance, except:

A Covered is medical expense for bodily injury caused by an accident on the insured's premises or because of the insured's operations B Payments are made for expenses incurred and reported within one year of the accident C Payments are made regardless of fault D Payments are made only if the insured is determined to be legally liable

Which provision requires the insured to maintain a certain limit of insurance?

A Insuring Agreement B Coinsurance C Limit of Liability D Replacement Cost

Which loss would NOT be covered by the National Flood Insurance Program?

A Overflow of inland or tidal waters B Unusual and rapid accumulation or runoff of surface waters C Water main break D Mudflow caused by accumulation of water

A licensed individual who is limited to transacting business related to property and casualty insurance sold to individuals and families for noncommercial purposes is a:

A Personal lines agent B Public Adjuster C General lines agent D Customer Service Representative

What is the main difference between the Occurrence Form and the Claims-Made Form of the Commercial General Liability policy?

A The Occurrence Form covers "occurrences" and the Claims-Made Form covers "accidents" B The Occurrence Form includes an extended reporting period C The coverage trigger is different for each D The Claims-Made Form covers claims on occurrences that took place after policy termination


संबंधित स्टडी सेट्स

Oregon Board of Cosmetology Laws and Rules

View Set

Developmental Psychology Chapter 12 Terms

View Set