P&C: Quiz

A temporary license in this state is valid for

180 days

All of the following are classes of inland marine risks EXCEPT a) Common carrier cargo liability. b) Commercial property floater risks. c) Domestic shipments and transportation risks. d) Bridges, tunnels, and other instrumentalities of transportation and communication.

Common carrier cargo liability.

Which dwelling coverage would provide coverage to a garage not attached to the primary insured dwelling?

Coverage B: Other Structures

Which of the following would modify the original insurance contract by either adding or removing coverage?

Endorsements

Which of the following would be covered under the Broad Form (DP-2) policy's falling object peril? a) Exterior pavement and patio damage b) Interior building damage if the exterior was damaged first c) Damage to the building's awnings d) Damage to outdoor television antennas if there is no interior damage

Interior building damage if the exterior was damaged first

Several insureds have become liable because of a single loss. How will the policy's limit of liability be affected?

No more than the per occurrence limit applies, no matter how many insureds are involved.

Pertaining to insurance, which of the following is an example of a producer's fiduciary responsibility? a) Helping insureds to file claims b) Performing reviews of insured's coverage c) Offering additional coverage to insureds d) Promptly forwarding premiums to the insurance company

Promptly forwarding premiums to the insurance company

Vincent claims that his auto was struck by a phantom motorist. What must he do to have coverage under his uninsured motorist insurance?

Provide corroborating competent evidence other than his own testimony

All of the following statements concerning coinsurance are true EXCEPT a) The coinsurance formula will also be applied to total losses. b) It is used to help adequacy and equity in rates. c)The insured agrees to maintain insurance equal to some specified percentage of the value of the property. d) If the insurance carried is less than required, the insurance may not cover the whole loss.

The coinsurance formula will also be applied to total losses.

What would NOT be covered under the liability section of a personal auto policy?

Vehicles with fewer than four wheels are not eligible for coverage under a PAP.

If a liability policy had split limits of 50/100/30, what is the maximum amount that would be payable in the event of injury to a single person?

$50,000

Under the additional living expenses coverage, if a civil authority prohibits the insured from using the dwelling because of direct damage to a neighboring location from a peril covered in the insured's policy, loss would be covered for up to

2 Weeks