Property and Casualty Insurance Study guides, Class notes & Summaries

VA P&C Practice Exam Questions And Answers( Solved)

Property and Casualty Insurance Exam – Georgia correctly answered 2023 rated A+BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premis...

STUDY GUIDE FOR PROPERTY AND CASUALTY INSUARANCE WITH UPDATED ANSWERS 2024

Which of the following homeowners forms is designed for individuals that own and reside in a condominium? A. HO-4 B. HO-6 C. HO-2 D. HO-3 - B Which of the following coverages will respond if a claim is made or a suit is brought against an insured for damages due to bodily injury or property damage caused by an occurrence to which the coverage applies? A. Coverage D - Loss of Use B. Coverage E - Personal Liability C. Coverage F - Medical Payments to Others D. Coverage C - Personal ...

Pearson Vue Life Insurance Practice Exam Questions and Answers 100% Pass P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - Correct Answer ️️ -B.revocable beneficiary A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called ...

Property Practice Exam Questions and Answers 100% Pass Which of the following helps protect insurance companies from catastrophic losses and from wild fluctuations in underwriting results? - Correct Answer ️️ -Reinsurance Which of the following standards is an agent violating by providing insurance to an insured at a lower or higher premium than another insured in identical circumstances? - Correct Answer ️️ -Unfair discrimination All of the following are elements of a valid contr...

Property Insurance Practice Exam Questions and Answers 100% Pass One of the following policies covers Mobile Homes: a. Dp-1 b. Dp-2 c. Dp-3 d. Ho-4 - Correct Answer ️️ -a. Dp-1 On a dwelling policy, personal property would be covered at: a. ACV b. Replacement Cost c. Not covered d. 80% of Value - Correct Answer ️️ -a. ACV DP-1 would cover all of the following without endorsement except: a. other structures b. personal property c. rental value d. additional living expense ...

INSURANCE - PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS at least how many hours of prelicensing education must be completed by an applicant for an insurance producer license? - Correct Answer ️️ -20 which of the following does an appointed insurance producer represent in an insurance transaction? - Correct Answer ️️ -insurer for the purposes of conducting an investigation, the Tennessee commissioner of insurance has all of the following powers EXCEPT: - Correct Answer ️️ -th...

Casualty Insurance Exam Questions and Answers 100% Pass Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - Correct Answer ️️ -Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - Correct Answer ️️ -Contribution by equal shares or contribution with limits Which of the following limits of liabil...

Illinois Casualty Insurance Exam Review 2024 Questions and Answers 100% Pass Premium - Correct Answer ️️ -money paid by the insured to the insurance company in exchange for the insurance policy Lapse - Correct Answer ️️ -when a policy is terminated due to non-payment of premiums First Party Claimant - Correct Answer ️️ -is an insured making a claim under their own policy for damage to their insured property Third Party Claimant - Correct Answer ️️ -is a person or organiza...

pearson vue practice exam questions and answers 100% pass Which of the following sections of an insurance policy would explain the term "auto" ? A.Declarations A. Declarations B.Definitions B. Definitions C.Insuring agreement C. Insuring agreement D.Obligations of the insurance company D. Obligations of the insurance company - Correct Answer ️️ -B In an application for marine insurance, a yacht owner states that the yacht will only be sailed on inland waters. If the insured...