PA PROPERTY & CASUALTY READINESS EXAM

24問 • 4ヶ月前

問題一覧

Which of the following commercial general liability coverages is considered good will coverage?

Coverage C - Medical Payments

What policy would a business owner whose business fills scuba tanks most likely need to insure unfired pressure vessels and compressors?

Equipment breakdown

Which of the following authorities determines whether a Cease and Desist Order should be issued?

Commissioner

What kind of coverage does Form DP-3 provide?

Open Peril

An individual acted as an exclusive general agent , even though she was not licensed to do so. Since this offense occurred over a period of 60 days, what is the maximum penalty she faces?

$60,000 and a third-degree misdemeanor

An insured just purchased an auto policy for his new car. He wants to understand what perils are not insured against. Which section of his policies should the insured check?

Exclusions

Which of the following would be considered a covered auto on a personal auto policy?

The insured's farm wagon being towed by the insured's pickup truck

Which of these would be covered by the medical payments coverage in a personal auto policy?

An insured slams a hand in a car door while getting in, breaking the hand

With regard to home owner's Section II, which of the following does NOT meet the definition of insured location?

A plot of farmland owned or rented by the insured

An individual just applied for a National Flood Insurance. How many days can she expect to wait before coverage is effective?

An insured's diner suffered a fire loss. In addition to the damage caused by the fire, the floor covering had to be replaced because of the water damage. It took 4 weeks for the repairs to be completed. The insured was without income for that period of time. The Insured's policy includes both direct and indirect loss coverage. What part of the loss would be paid as indirect loss?

The loss of income for the time the diner was closed

All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT

Dividends from a mutual insurer

When does the insurer's duty to defend a suit or claim end in a commercial general liability policy?

When loss payments equal the applicable limit of insurance

A statistical probability of loss for a particular class of insured's is best predicted when the insured group is

Larger

A producer's license must be renewed

Every 2 years

An insured has a personal auto policy with the following limits: 50/100/25. The number 25 refers to

Property damage coverage

What is a sudden, unplanned and unexpected event, not under the control of the insured, resulting in injury or damage that is neither expected nor intended called?

Accident

Two men are partners in a moving company. They have two trucks used to move property of others. They should insure their trucks under a

Business auto policy

Which of the following losses would be excluded from coverage under farm property special form?

Fire caused by curing tobacco

How often must organizations consult the National Do Not Call Registry?

Every 31 days

Which of the following perils is NOT covered the DP-2?

Damage caused by burglars

Although a businessowners policy (BOP) will cover fire damage legal liability, which of the following statements is true?

The general aggregate does not apply to fire damage legal liability

A scheduled personal property endorsement will be used to insure (O.K)

Higher limits of coverage for fine arts items

What was the purpose of the Motor Carrier Act of 1980?

To establish financial responsibility requirements for interstate motor carriers

Auto Insurance Quiz 1

ユーザ名非公開 · 15問 · 4ヶ月前

Auto Insurance Quiz 1