Guaranteed Exam
an insured has an automobile policy with limits of 100/300/50 and a dedutible of $1,000. he is involved in an auto accident and crashes into another drivers auto. the total payment made under the insureds policy is
$125,120
your friends dog that you are keeping while the friend is out of town bit a visitor in your home. does your homeowners liability coverage apply
yes, the coverage would apply for any animal in your care
which of the following would be eligible for homeowners coverage F- Medical Payments in the event of injury at the insureds premises
a full time maid
which of these would be covered by the medical payments coverage in a personal auto policy
an insured slams a hand in the door while getting in, breaking the hand
all advertisements, regardless of their source of creation, are the responsibility of the
department of insurance
which of the following statements does not describe endorsements
endorsements may only add coverage to a current policy, not remove
which of the following is not a characteristic of a difference in conditions policy
it is a standard policy
an insurance agents visits a potential client and explains various types of policies. the customer displays a lack of interest, so the agent guarantees higher dividends than he knows would be possible. which term describes what the agent has done
misrepresentation
an insurance company that is owned by the policyholders is called a
mutual insurer
underwriters use all of these methods to protect the insurer against adverse selection except
only accepting a small percentage of applicants
if an insured purchases an insurance policy with a large deductible, what risk management technique is the insured exercising
retention
each of the following may be insured under an H0-3 homeowners policy excepty
the owner-occupant of a condominium unit
if a car is stolen and left in a snow bank and the radiator freezes and does a lot of damages, is the damage covered by the auto policy
yes, freezing exclusion is removed if the car is stolen
homeowners policies considered all of the following insured location except
a strawberry patch owned by the insured
which homeowners form provides peril coverage for dwelling (coverage a) and contents coverage c
form 5
which of the following would be considered a covered auto on your personal auto policy
your farm wagon being towed by your pick up truck
which of the following would be required to become licensed as an insurance producer
a customer service representative who solicits no more than one policy a year