PERSONAL LINES BUNDLED EXAM QUESTIONS WITH COMPLETE SOLUTIONS

Personal Lines Insurance Practice Exam Questions With Solutions Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents...

1) Personal Lines Final Exam 1 Questions With Solutions All are true about Medical coverage on a HO ('00) policy EXCEPT it: A. Covers expenses incurred within 3 years of the date of accident B. Covers resident employees C. Covers regular residents of your household D. Is shown as Coverage "F...

Personal Lines Final Exam 1 Questions With Solutions On a HO ('00) policy, coverage for personal property applies: A) On premises only B) Within the U.S Only C) In North America Only D) Anywhere in the world D) Anywhere in the world On a Property policy, the exclusion on earth movement exclu...

Personal Lines Practice Test Questions With Solutions Which word describes an insurance company incorporated outside of the state in which it is doing business? Foreign All of the following are examples of conduct of an agent that is regulated by Department of Insurance EXCEPT misappropriation...

Personal Lines Final Exam Questions With Solutions Statements made in the application are considered: A. Warranties B. Representations C. Possible Concealments D. None of the Above B. Representations The definition of Risk is: A. Uncertainty regarding loss B. A chance of gain C. Uncertainty...

Personal Lines Insurance Exam Questions With Solutions Risk _________ is when one takes action to prevent or reduce potential loss. Reduction When the number of similar units increases, the predictability of the loss improves according to the rule of _____ ________. Large Numbers The insuring o...

Exam Prep: Personal Lines Exam Questions With Solutions What part of the policy lists the rules, duties, and obligations of the insured and insurer? A) Declarations Page B) Insuring Agreement C) conditions D) exclusions C) Conditions The directive that states the violation committed and requir...

Personal Lines Insurance Exam Questions With Solutions Expressed Written in agent contract Implied Authority assumed not written in contract Apparant Obvious by actions, words and deeds Consideration Payment of premium paid by the policyholder, promise of insured to pay claims Schedule Rates ...

Personal Lines Exam Questions With Solutions declarations page includes: •name of insured •address •amount of coverage provided •description of property •cost of the property insuring agreement states: •what is to be covered •losses which the insured will be indemnified •type...

Personal Lines Terms And Definitions Questions And Solutions What is the function of underwritting? To evaluate applications, select rating factors, policy terms and conditions. What are the three types of private insurers? Stock, Mutual and Reciprocal. What are the benefits of insurance? Peace...

Personal Lines Exam Questions With Solutions Because Kenny and Laura's new home is mortgaged, what must be listed on the declarations page? C The mortgagee's name and address Which part of a homeowners insurance policy personalizes the contract? Declarations Duties of the insurer found in hom...

Personal Lines EVERYTHING Exam Questions With Solutions The North Carolina Commissioner of Insurance, referred to in the text as the Commissioner, is elected to a _______ year term during each general election. There is no limit on the number of terms the Commissioner may seek office. 4 years ...