California Property & Casualty Exam (2023)

All of the following qualify as "background information" as defined in section 1729.2 of the California insurance code EXCEPT 1. Any admission, or judicial finding or determination, of fraud, misappropriation or conversion of funds, misrepresentation, or breach of fiduciary duty 2. An administrative action regarding a professional or occupational license 3. Misdemeanor charges filed, not resulting in a conviction 4. A misdemeanor or felony conviction or a filing of a felony criminal charges in a state or federal court

Misdemeanor charges filed, not resulting in a conviction

All of the following have special sub limits that apply only to loss by theft under Coverage C - Personal property section of the homeowners policy EXCEPT? 1. Jewelry 2. Silverware 3. Money 4. Firearms

Money

The increase in the probability of a loss resulting from an insured's dishonest tendencies is known as 1. Physical hazard 2. Moral hazard 3. Morale hazard 4. Legal hazard

Moral hazard

If an individual does NOT own an automobile or have regular use of an automobile what endorsement to a personal automobile policy could be used to properly protect that individual? 1. Named Non-owner coverage endorsement 2. Miscellaneous type vehicle endorsement 3. Extended non-owned liability coverage endorsement 4. No coverage available

Named Non-owner coverage endorsement

All of the following are elements of an enforceable contract EXCEPT 1. Acceptance 2. Consideration 3. Negotiation 4. Offer

Negotiation

Under an unendorsed personal automobile policy what coverage is available for personal effects? 1. Luggage up to $200 2. Luggage and clothing up to $500 3. All personal property in automobile up to $5200 4. None, there is no coverage

None, there is no coverage

Under a standard homeowners policy recovery for a covered personal property loss is subject to all of the following limitations EXCEPT the 1. Actual Cash Value (ACV) of the property 2. Original cost new at the time of purchase 3. Policy limits and special limits of coverage 4. Amount of the insurance interest in the property at the time of loss

Original cost new at the time of purchase

Which of the following coverages is a property insurance coverage 1. Other than collision 2. Medical payments 3. Personal injury 4. Workers compensation

Other than collision

What is one way in which the HO-2, HO-4 & HO-6 are similar? 1. Perils insured against under Coverage C 2. Perils insured against under Coverage A 3. Limits provided under Coverage B 4. Limits provided under Coverage C

Perils insured against under Coverage C

Which major personal insurance policy coverage provides protection for loss caused by flood? 1. Dwelling coverage A 2. Homeowners coverage C 3. Personal Auto Comprehensive coverage 4. Homeowners Coverage A

Personal Auto Comprehensive coverage

Which inland marine floater is most similar to the scheduled personal property endorsement on a homeowners policy? 1. Personal effects Floater 2. Personal property Floater 3. Personal articles Floater 4. Personal insurance Floater

Personal articles Floater

Damages caused by earth movement is excluded by most insurance contracts. Which of the following policies, if any, includes coverage for this peril that is standard coverage? 1. Dwelling policy 2. FAIR plan 3. Standard HO-3 policy 4. Personal auto policy

Personal auto policy

A neighbor slips and falls on the front steps of your home. What type of insurance would cover you if your neighbor sues you for injuries? 1. Personal liability insurance 2. Property insurance 3. General liability insurance 4. Health insurance

Personal liability insurance

In which type of loss is a business exposed to death, retirement, resignation or disability of a key employee? 1. Workman's compensation exposure 2. Personnel loss exposure 3. Personal loss exposure 4. Human loss exposure

Personnel loss exposure

Which of the following types of policies pays for bodily injury or property damage which occurs or is discovered during the policy period? 1. Occurrence general liability 2. Pollution liability policy 3. Claims made commercial liability policy 4. Auto liability policy

Pollution liability policy

The payment the insured makes to an insurer in return for insurance protection is known as? 1. Exchnage 2. Package pricing 3. Premium 4. Rating

Premium

"All risk" coverage is an old insurance term that, when used, refers to a ? 1. Comprehensive liability coverage 2. Named peril property coverage 3. Property coverage that does not include coverage for damage caused by any peril 4. Policy the contains no excluded perils

Property coverage that does not include coverage for damage caused by any peril

The Mexico coverage endorsement may be attached to personal automobile policies. The Mexico coverage endorsement 1. Must be attached to US policies for insureds who are citizens of Mexico 2. Will provide primary liability coverage for insureds driving anywhere in Mexico 3. Must be added to a policy of any insured who lives within 25 miles of the Mexico border 4. Provides excess liability coverage for accidents in Mexico within 25 miles of the US border

Provides excess liability coverage for accidents in Mexico within 25 miles of the US border

Insurance is written to cover only 1. Pure risks 2. Incidental risks 3. Particular risks 4. Speculative risks

Pure risks

An unincorporated association which provides insurance services to its subscribers is 1. Stock insurer 2. Captive insurer 3. Private insurer 4. Reciprocal insurance exchange

Reciprocal insurance exchange

All of the following are important purposes of a property insurance deductible EXCEPT it 1. Requires an insured to insure property to value 2. Reduces moral hazard and morale hazard 3. Reduces premiums 4. Eliminates small claims

Requires an insured to insure property to value

Which of the following is an insurer's option in making a loss settlement with the insured under a personal auto policy? 1. Return stolen property to the address shown in the policy 2. Have the insured purchase a replacement vehicle at an automobile auction 3. Demand that the insured first attempt to settle with the responsible party 4. Require the insured to use a specific repair shop

Return stolen property to the address shown in the policy

Which of the following is BEST defined as illegal taking of property either with or without force? 1. Burglary 2. Theft 3. Robbery 4. Extortion

Robbery

An insurer is usually which party to a surety bond? 1. Obligee 2. Principal 3. Fiduciary 4. Surety

Surety

Your HO-3 insured wants to make sure his liability protection insures against claims for false arrest, libel and slander. You should ? 1. Suggest he add the ordinance & law coverage 2. Tell him he should add the personal injury endorsement 3. Tell him not to worry - this coverage is in the basic policy 4. Tell him this coverage is not available under a homeowners policy. He must buy a commercial liability coverage

Tell him he should add the personal injury endorsement

Madison's personal automobile policy liability coverage will pay for 1. Damage or injury caused intentionally my Madison 2. Madison's broken windshield caused by a rock thrown by the tire of a passing car 3. Madison's rental car expense when her car is unusable because of a collision that was not her fault 4. The cost of repairing a neighbors fence that Madison damaged through the negligent operation of her car.

The cost of repairing a neighbors fence that Madison damaged through the negligent operation of her car.

All of the following are types of consequential losses EXCEPT? 1. The cost of renting a substitute vehicle because a covered automobile was damaged by a covered loss 2. Additional expense incurred to maintain a households normal standard of living while their home is being restored 3. The cost involved in notifying a company's client's of a temporary location 4. The cost to repair a structure damaged by wind

The cost to repair a structure damaged by wind

Which feature of an insurance policy makes it an aleatory contract? 1. The terms of the contract are negotiated 2. Ambiguities are interpreted against the insurer 3. The dollars given up by the parties are unequal 4. One party draws up the contract and the other party can accept or reject it

The dollars given up by the parties are unequal

The standard homeowners policy provides replacement cost coverage for which of the following? 1. Personal property 2. Business personal property 3. Trees, shrubs and plants 4. The dwelling structure

The dwelling structure

Who is responsible for the payment of the premium under a commercial package policy? 1. The first named insured 2. The producer 3. An entity qualifying as an insured 4. Any insured listed in the declarations

The first named insured

Which of the following would be excluded under the Coverage D - Loss of Use section of a HO-3 policy? 1. The insured is forced by the civil authorities to evacuate due to an impending flood 2. The insured is unable to stay in the residence due to damage caused by a vehicle 3. The insured is forced by the civil authorities to evacuate due to a forest fire threatening the area 4. The insured is unable to stay in the residence due to smoke and soot damage caused by fire in the neighbors house

The insured is forced by the civil authorities to evacuate due to an impending flood

Under the California Insurance Code a policy CANNOT be rescinded by an insurer for which reason? 1. The insurer changes its mind after issuing the policy 2. Material facts omitted from an application 3. A material false statement made by the insured on an application 4. An agent changes an applicant's true statement to a false statement after the applicant signed

The insurer changes its mind after issuing the policy

Under a building & personal property coverage form if the insured building has been vacant for more than 60 consecutive days what effect will this have on a vandalism loss? 1. There is no effect 2. The loss is excluded 3. The amount of the loss will be reduced by 15% 4. The amount of the loss will be reduced by 60%

The loss is excluded

Which of the following is a principal rating factor for a personal automobile policy? 1. The type of vehicle insured 2. The gender of the insured 3. The number of miles the insured drives each year 4. The geographic location of the insured

The number of miles the insured drives each year

What is one difference between DP-2 and a DP-3? 1. The limit of liability under coverage D 2. The inside coverage limit for specified personal property 3. The perils insured against under coverage A 4. The definition of who is an insured

The perils insured against under coverage A

What is the definition of tortfeasor? 1. The person whose negligent conduct causes injury to another 2. The court-appointed person who makes a decision regarding negligence 3. The person who suffers damage as a result of someone else's negligence 4. The insurance company representative investigating a claim of negligence

The person whose negligent conduct causes injury to another

In reference to the coverage's provided in the basic form, the boat owners policy is similar to what other policy? 1. The commercial inland marine policy 2. The homeowners policy 3. The personal automobile policy 4. The commercial ocean marine policy

The personal automobile policy

All of the following circumstances make a house ineligible for coverage under a homeowners policy EXCEPT? 1. The residence is not owner-occupied 2. The residence is located in a less desirable neighborhood 3. The residence contains six separate living units 4. The value of the residence is below the minimum limit allowed by the insurer

The residence is located in a less desirable neighborhood

According to the California insurance code governing advertising standards what must appear on all printed insurance proposals? 1. A certificate of authority disclosure 2. Notification of a free look 3. The insurers rates 4. The word "insurance"

The word "insurance"

Which of the following is a characteristic of improvements and betterments? 1. They must be approved in advance by the building owner 2. They can be insured as business personal property 3. They are made by the building owner 4. The tenant can remove them when the lease expires

They can be insured as business personal property

What causes of loss are covered under the business income coverage form? 1. Those shown on the declarations 2. Broad form perils only 3. All perils 4. Basic form perils only

Those shown on the declarations

What is the main purpose of tort law? 1. To minimize the amount of insurance claims made 2. To prosecute the responsible party 3. To assign punitive damages to the responsible party 4. To determine responsibility for damages

To determine responsibility for damages

What is the purpose of the inspections and surveys condition of the commercial package policy? 1. To specify that the premises comply with OSHA requirements 2. To determine the rate to be charged 3. To determine if the premises comply with ADA requirements 4. To ascertain if the premises meet municipal building codes

To determine the rate to be charged

Why might an insured purchase a scheduled personal property endorsement? 1. to provide coverage for items that are stored away from the residence 2. To provide open perils coverage for all of the insured's personal property 3. To provide coverage for personal property that is not otherwise excluded 4. To provide open perils coverage for items listed on the schedule

To provide open perils coverage for items listed on the schedule

The term "assignment" refers to the 1. Insurers right to collect damages from a third property 2. Transfer of the insureds interest in the policy to another party 3. Insurance policy that applies separately to each insured 4. Insured's right to receive broader coverage from the insured at no charge

Transfer of the insureds interest in the policy to another party

In the business income coverage form, "business income" is? 1. net income plus non-continuing expenses 2. net income plus continuing expenses 3. gross income minus expenses 4. net profit or loss before taxes

net income plus continuing expenses

Mark is insured under a personal auto policy with limits of $25000 per person and $50000 per occurrence for bodily injury. An accident in which three people are injured results in suits against Mark for $10000, $12,000 and $35000. What is the MAXIMUM amount any one person will receive? 1. $25,000 2. $47,000 3. $50,000 4. $57,000

$25,000

Under comparative negligence a person involved in an auto accident in which the person 1. 10% at fault, is entitled 0% of her damages 2. 10% at fault, is entitled to 90% of her damages 3. 60% at fault, is entitled to 60% of her damages 4. 90% at fault, is entitled to 100% of her damages

10% at fault, is entitled to 90% of her damages

What is the coverage limit provided by the Coverage-B other structures section of an Insurance Service's Office (ISO) homeowners policy? 1. 10% of the Coverage A limit applies to all structures 2. 10% of the Coverage A limit applies to each structure 3. 15% of the Coverage A limit applies collectively to all structures 4. 15% of the Coverage A limit applies to each structure

10% of the Coverage A limit applies to all structures

Under a builders risk form, how much insurance is required to pay any loss without a penalty for underinsurance? 1. 80% of the completed value 2. 100% of the completed value 3. 80% of the value at the time of loss 4. 100% of the value at the time of loss

100% of the completed value

Which of the following is an example of loss retention? 1. A couple installs a sprinkler system in their home 2. A couple decides not to purchase collision coverage on their vehicle 3. A couple chooses not to buy a motorboat 4. A couple purchases homeowners insurance for their lake cabin

A couple decides not to purchase collision coverage on their vehicle

What is self-insured retention under an umbrella policy? 1. A deductible applicable to all covered losses 2. The limits of liability of the umbrella policy 3. The amount of the underlying limits of liability 4. A deductible applicable to losses excluded by underlying coverage, but covered by the umbrella

A deductible applicable to losses excluded by underlying coverage, but covered by the umbrella

Which of the following is eligible for a Business owners Policy? 1. A vacant building 2. A credit union 3. A furniture store 4. A sports bar

A furniture store

What is a person guilty of if he or she acts or assumes to act in the capacity of a licensed agent, but does NOT have a valid license? 1. A misdemeanor 2. Alienation 3. Subrogation 4. A felony

A misdemeanor

The definition of an insured under uninsured motorist coverage includes all of the following except? 1. A spouse making a claim for loss of consortium of an insured 2. The insured's child lives at home and is 26 years old 3. The insured's neighbor who is occupying the covered automobile 4. A pedestrian struck by a covered automobile

A pedestrian struck by a covered automobile

All EXCEPT one of the following must be contained in insurance policies? 1. Identity of the parties to the contract 2. A statement of the amount of commission paid 3. A description of the risks insured against 4. A description of the consideration involved

A statement of the amount of commission paid

A written contract that expresses one party's promise to answer for another party's failure to do something as promised is 1. An insuring agreement 2. A liability policy 3. A surety bond 4. A warranty

A surety bond

How is the combined ratio computed? 1. Divide the loss ratio by the expense ratio 2. Subtract the expense ratio from the loss ratio 3. Multiply the loss ratio by the expense ratio 4. Add the loss and expense ratios

Add the loss and expense ratios

Which of the following is considered covered equipment under an equipment breakdown policy? 1. Equipment manufactured by the insured for sale 2. Air conditioner compressor 3. Computer media 4. Excavation equipment

Air conditioner compressor

Property under an unendorsed inland marine policy is usually valued on? 1. A replacement cost basis 2. A tax assed value basis 3. A stated value basis 4. An actual cash value (ACV) basis

An actual cash value (ACV) basis

Which of the following events within the past 3 years would disqualify an individual from receiving a Good Driver Discount? 1. An at-fault accident involving only minor bodily injury 2. A moving violation while driving a company car during business hours 3. A non at-fault accident resulting inn the death of a passenger 4. An at-fault accident involving only property damage

An at-fault accident involving only minor bodily injury

Which of the following is correct regarding the terms cancellation & nonrenewal? 1. An insurers right to cancel most personal lines policies is much more restricted than its right to non renew the same policy 2. Nonrenewals can occur at any time during the policy period 3. Nonrenewals are done on a short rate basis 4. Insurer is not required to provide notice of cancellation

An insurers right to cancel most personal lines policies is much more restricted than its right to non renew the same policy

What is an insurer guilty of if it fails to adopt and implement reasonable standards for prompt investigation and processing of claims? 1. An aleatory act 2. An unfair claims practice 3. A violation of industry standards set by the NAIC 4. A violation of the Gramm-Leach-Bliley act

An unfair claims practice

Under a personal auto policy, what qualifies as an insured while using a covered auto? 1. Any person, with the permission of the named insured 2. Only the named insured, resident relatives, and and other entities responsible for the use of the auto 3. Only the named insured, resident relatives & passengers 4. Only the named insured and resident relatives

Any person, with the permission of the named insured

Which of the following describes a defense that could be used by a negligent party for an accident in which an injured party voluntarily assumed the risk? 1. First in, first out 2. Corollary negligence 3. Assumption of the risk 4. Contributory negligence

Assumption of the risk

The commercial property conditions include a condition called liberalization. The effect of this condition is to 1. Protect the insured from policy cancellation once the policy has been in effect for 90 days 2. Allow the insurer to assume property values based on current data as long as it does not reduce the loss payment 3. Require the insurer to liberally construe the other commercial property conditions in case of disagreement between the insurer and insured 4. Automatically apply broader coverage to the commercial property coverage part if a policy form revision would broaden coverage without additional premium

Automatically apply broader coverage to the commercial property coverage part if a policy form revision would broaden coverage without additional premium

An insured ran a red light causing extensive damage to the claimant's automobile. Which type of coverage would the insured need to pay for the damage to the automobile? 1. General liability insurance 2. Automobile liability insurance 3. Personal liability 4. Automobile physical damage insurance

Automobile liability insurance

The business income coverage form covers the actual loss of business income sustained due to necessary suspension of operations. The loss of income must? 1. Result from damage to the insured premises. The cause of loss is not limited to insured perils. 2. Result from damage to the insured premises or personal property. The cause of loss is not limited to insured perils 3. Be caused by an insured peril, otherwise there is no coverage 4. Be caused by one of the perils covered by the basic form, regardless of which cause of loss form is attached

Be caused by an insured peril, otherwise there is no coverage

If a named insured is not the owner of the building, improvements and betterments are covered under the? 1. Building 2. Business personal property 3. Agreed value 4. Newly constructed property

Business personal property

Which commercial property form contains most of the exclusions that apply to a commercial property policy? 1. Causes of Loss Forms 2. Common Policy Declarations 3. Common Policy Conditions Commercial Property Conditions

Causes of Loss Forms

The California insurance code covering a licensee's fiduciary responsibilities also applies to managing general agents because they? 1. Have insurance business transactions 2. Collect premium money from producing brokers 3. Have the power to appoint and supervise agents 4. Are in the business of growing and selling insurance

Collect premium money from producing brokers

A bulldozer an insured is using to level a property for a customer overturns causing fuel to leak and pollute the ground. Where would this pollution loss be covered? 1. Commercial general liability 2. Automobile liability 3. Inland marine 4. Professional liability

Commercial general liability

What is an example of a modular policy? 1. Commercial automobile policy 2. Commercial package policy 3. Personal umbrella policy 4. Homeowners policy

Commercial package policy

The system of allocating damages between two or more people in which the damages collectible are diminished in proportion to the persons degree of negligence is called 1. Comparative negligence 2. Contributory negligence 3. Controlled negligence 4. Cooperative negligence

Comparative negligence

When an employer has the choice to purchase workers' compensation insurance from either a state fund or a private carrier, the state fund would be called a 1. Private fund 2. Residual fund 3. Monopolistic fund 4. Competitive state fund

Competitive state fund

Which of the following types of coverage would be needed to cover a contractor's bulldozers which are used in the contractors business but are NOT held for sale? 1. Contractor's equipment floater 2. Annual transit policy 3. Motor truck cargo 4. Installment sales floater

Contractor's equipment floater

Liability coverage under boatowners policies typically EXCLUDES 1. Passenger liability 2. Medical payments 3. Contractual liability 4. Operations liability

Contractual liability

Under a business income coverage form the extended period of indemnity coverage pertains to 1. Coverage for newly acquired locations 2. Coverage for the loss of income that continues after the premises are restored and ready for business 3. Extra expense coverage 4. Coverage for newly acquired businesses

Coverage for the loss of income that continues after the premises are restored and ready for business

If an employee embezzles $10,000 from an insured's company, which type of insurance would the employer need for this loss to be covered? 1. Allied lines insurance 2. Business income insurance 3. General liability insurance 4. Crime insurance

Crime insurance

What are the elements of negligence? 1. Prudent person standard and no intervening cause 2. Duty, breach, proximate cause, and damages 3. Assumption of risk, contribution & strict liability 4. Identify tortfeasor and injured party

Duty, breach, proximate cause, and damages

Karen has a homeowners policy that includes section I coverages A, B & C. A, B & C provide coverage for? 1. Medical payments, personal liability and damage to property of others 2. Dwelling, additional living expenses and loss of use 3. Dwelling, other structures and personal property 4. Dwelling, personal property and loss of use

Dwelling, other structures and personal property

The retroactive date of a claims made professional liability policy is always the? 1. Effective date for the current policy to renew 2. Earliest date an event/loss may occur and still be eligible for recovery 3. Date after which no more claims may be made under the policy 4. Date on which the claims made policy expires

Earliest date an event/loss may occur and still be eligible for recovery

All of the following are purposes of the California FAIR plan EXCEPT to 1. Ensure stability in the California property insurance market 2. Ensure the availability of basic property insurance in California 3. Encourage competition among insurers who write business in California 4. Encourage the maximum use of the normal insurance market provided by admitted insurers

Encourage competition among insurers who write business in California

If an applicant has been convicted of a misdemeanor and that misdemeanor conviction is later expunged pursuant to California penal code section 1203.4, which of the following s true? 1. Even though the misdemeanor conviction was expunged, the applicant must still disclose the conviction on the application for insurance 2. Since the misdemeanor conviction was expunged, the applicant does not need to disclose the conviction on the application for an insurance license 3. The California Department of Insurance only requires an applicant to disclose felony convictions 4. Misdemeanors are required to be reported for 10 years from the date of conviction

Even though the misdemeanor conviction was expunged, the applicant must still disclose the conviction on the application for insurance

Which of the following fits within the homeowners policy definition of an "insured location"? 1. Any part of a premises rented to the insured for business use 2. Farm land owned by the insured 3. Any part of a premises rented to another by the insured 4. Family cemetery plots owned by the insured

Family cemetery plots owned by the insured

What perils are included in a standard fire policy? 1. Fire only 2. Fire and extended coverages 3. Fire and lightning only 4. Fire, lightning and removal

Fire, lightning and removal

Your insured is to blame for an accident. He files a claim with his own insurer for the collision damage to his car. This is called a 1. First party claim 2. Second party claim 3. Third party claim 4. Fourth party claim

First party claim

When does a personal automobile policy REQUIRE the insured to notify the police? 1. There is no requirement to notify the police 2. For thefts only 3. For hit-and-run accidents and thefts 4. For all accidents & thefts

For hit-and-run accidents and thefts

The inspections and surveys condition of a commercial package policy is important to the insurer for all of the following reasons, EXCEPT to? 1. Make loss control recommendations 2. Set proper insurance rates 3. Determine the insurability of the insured's operations 4. Guarantee that the insured is in compliance with safety regulations

Guarantee that the insured is in compliance with safety regulations

Which homeowners form is best suited for a new single family dwelling? 1. HO-4 2. HO-5 3 HO-6 4. HO-8

HO-5

Premium payments received by a broker-agent from clients purchasing automobile insurance may be maintained by the licensee in any of the following investments EXCEPT? 1. High-yield stocks 2. Treasury certificates 3. Repurchase agreements 4. US Government bonds

High-yield stocks

Yacht policies typically provide coverage for 1. Physical damage, liability & medical payments 2. Hull and collision 3. Hull and protection and indemnity 4. property, liability and contingent medical p[payments

Hull and protection and indemnity

All of the following are coverage extensions provided by the Building & Personal Property Coverage form (BPP) EXCEPT 1. Increased cost of construction 2. Accounts receivable 3. Outdoor property 4. Property off premises

Increased cost of construction

If a building is damaged during a burglary where money was stolen from a vault, which of the following coverages would cover the loss of the money as well as the damage to the building? 1. Inside the premises - theft of money & securities 2. Outside the premises coverage 3. Inside the premises - robbery of safe burglary of other property 4. Third party property damage

Inside the premises - theft of money & securities

Which advisory organization(s) develop forms for the standard market? 1. National Association of Insurance Commissioners (NAIC) and the American Association of Insurance Services 2. National Association of Insurance Commissioners (NAIC) and the Insurance Services Office (ISO) 3. Insurance Services Office (ISO) 4. The American Association of Managing General Agents

Insurance Services Office (ISO)

Which of the following is a correct statement about the general aggregate limit? 1. It is the total limit for any occurrence 2. It is the total of all the other sub limits shown on the declarations page 3. It is the total limit for any one accident 4. It does not include product-completed operations aggregate limit

It does not include product-completed operations aggregate limit

What effect does the ordinance or law exclusion have on a claim? 1. It increases coverage on any loss affected by building ordinance or law 2. It excludes that part of a loss resulting from enforcement of a building ordinance or loss 3. It warrants that an insured has not knowingly violated a building ordinance or law 4. It reduces coverage on any loss if the loss was caused by the insured violating a building ordinance or law

It excludes that part of a loss resulting from enforcement of a building ordinance or loss

A claim for money damages due to injury to another party or damage to another's property is what kind of loss? 1. Personal property loss 2. Personnel loss 3. Liability loss 4. Accidental loss

Liability loss

An effort to decrease the dollar amount of loss is 1. Loss avoidance 2. Loss prevention 3. Loss retention 4. Loss reduction

Loss reduction

What is one reason a personal automobile policy may be cancelled? 1. Change in marital status 2. Serious automobile accident 3. Multiple moving violations 4. Material misrepresentation

Material misrepresentation