Package deal
Package deal Pearson vue Texas life and health insurance test Pearson VUE: Casualty Insurance Practice Exam 2024/2025 |QUESTIONS & ANSWERS| already graded A (COMPLETE BUNDLE)
ALL YOU NEED
[Show more]ALL YOU NEED
[Show more]1.	A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? 
(i.e. drivers license status) 
ANS Suspension of the insured's driver's license 
2.	An insurance company may deny an employee's claim for Workers Compen- sation benefits if the emplo...
Preview 2 out of 13 pages
Add to cart1.	A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? 
(i.e. drivers license status) 
ANS Suspension of the insured's driver's license 
2.	An insurance company may deny an employee's claim for Workers Compen- sation benefits if the emplo...
1.	Under the social security retirement benefits, all of the following factors will influence how much a retiring individual will receive as a monthly income benefit except the individual's 
ANS Sex 
2.	In life insurance, insurance interest must exist at the time the 
ANS Producer writes an applica...
Preview 3 out of 16 pages
Add to cart1.	Under the social security retirement benefits, all of the following factors will influence how much a retiring individual will receive as a monthly income benefit except the individual's 
ANS Sex 
2.	In life insurance, insurance interest must exist at the time the 
ANS Producer writes an applica...
1.	If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation 
ANS Yes, if an agent mistakenly says something untrue about a policy, the company WILL cover the loss b/c the agent legally represents the insurer. The insurer may seek reimbursement fro...
Preview 3 out of 20 pages
Add to cart1.	If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation 
ANS Yes, if an agent mistakenly says something untrue about a policy, the company WILL cover the loss b/c the agent legally represents the insurer. The insurer may seek reimbursement fro...
1.	An individual may obtain a temporary insurance producer's license without passing the licensing examination if the individual: 
A.	is a deceased licensed producer's next of kin A. 
is a deceased licensed producer's next of kin B.is taking insurance courses at a university B. 
is taking insuran...
Preview 3 out of 24 pages
Add to cart1.	An individual may obtain a temporary insurance producer's license without passing the licensing examination if the individual: 
A.	is a deceased licensed producer's next of kin A. 
is a deceased licensed producer's next of kin B.is taking insurance courses at a university B. 
is taking insuran...
1.	S is purchasing a Commercial Property policy to cover a commercial build- ing with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which ...
Preview 4 out of 41 pages
Add to cart1.	S is purchasing a Commercial Property policy to cover a commercial build- ing with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which ...
1.	"The chance that a person or business entity will suffer a financial loss" defines: 
A.	gambling B.loss exposure C.risk 
D.speculative risk 
ANS : C 
2.	"Actual physical destruction of insured property" defines A.direct loss 
B.indirect loss C.peril D.vandalism 
ANS : A 
3.	Loose tiles hangin...
Preview 2 out of 7 pages
Add to cart1.	"The chance that a person or business entity will suffer a financial loss" defines: 
A.	gambling B.loss exposure C.risk 
D.speculative risk 
ANS : C 
2.	"Actual physical destruction of insured property" defines A.direct loss 
B.indirect loss C.peril D.vandalism 
ANS : A 
3.	Loose tiles hangin...
1.	In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are 
a.	included in the listing agreement 
b.	based on the brokers evaluation of prevailing prices and terms 
c.	favorable for the seller, as determi...
Preview 4 out of 49 pages
Add to cart1.	In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are 
a.	included in the listing agreement 
b.	based on the brokers evaluation of prevailing prices and terms 
c.	favorable for the seller, as determi...
1.	The arbitration clause in a personal auto policy would be used in which of the following circumstances? 
 
A.	The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. 
B.	The insured and an injured 3rd party cannot reach an agre...
Preview 4 out of 65 pages
Add to cart1.	The arbitration clause in a personal auto policy would be used in which of the following circumstances? 
 
A.	The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. 
B.	The insured and an injured 3rd party cannot reach an agre...
1.	Who is obligated to make sure all questions are answered and all necessary signatures are collected on the application 
ANS The Agent 
2.	An underwriter is reviewing an applicant with an extensive medical history. Which of the following would give the underwriter a better understanding of how the...
Preview 4 out of 73 pages
Add to cart1.	Who is obligated to make sure all questions are answered and all necessary signatures are collected on the application 
ANS The Agent 
2.	An underwriter is reviewing an applicant with an extensive medical history. Which of the following would give the underwriter a better understanding of how the...
1.	An insured may cancel a Personal Auto Policy by taking which of the following actions? 
A.	Paying the insurance company any past due premiums 
B.	Waiting until the policy expiration date 
C.	Giving written notice to the insurance company 
D.	Informing the producer by telephone 
ANS : C 
2.	In ins...
Preview 4 out of 40 pages
Add to cart1.	An insured may cancel a Personal Auto Policy by taking which of the following actions? 
A.	Paying the insurance company any past due premiums 
B.	Waiting until the policy expiration date 
C.	Giving written notice to the insurance company 
D.	Informing the producer by telephone 
ANS : C 
2.	In ins...
1.	Which of the following are the authorities that an agent can hold 
ANS Express and implied 
2.	Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight 
ANS Permanent partial disability 
3.	Who is NOT considered an employee in an commercial general liabi...
Preview 4 out of 53 pages
Add to cart1.	Which of the following are the authorities that an agent can hold 
ANS Express and implied 
2.	Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight 
ANS Permanent partial disability 
3.	Who is NOT considered an employee in an commercial general liabi...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.
No, you only buy these notes for $140.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
77988 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now