Personal Lines Bundled Exam Questions and CORRECT Answers

5 Qualifications for a General Lines License 1. 18 years old 2. resident of FL or place of business in FL 3. 200-hour course or 1 yr experience in all lines 4. cannot be for writing controlled business 5. Exam waived for CPCU designation or college degree with 15 hours in insurance controlled ...

5 Qualifications for a General Lines License1. 18 years old 2. resident of FL or place of business in FL 3. 200-hour course or 1 yr experience in all lines 4. cannot be for writing controlled business 5. Exam waived for CPCU designation or college degree with 15 hours in insurance controlled b...

Which of the following is LEAST likely to be a factor when determining the eligibility of a person for property insurance? A.) The claims history showing when prior claims occurred and how much was paid to settle the claim. B.) The nature of the risk, such as the type of building and the numbe...

A person who does not lock the door to his or her house shows an indifferent attitude. What type of hazard does this represent?Morale Wagering on a sporting event is known as what type of risk?Speculative How is actual cash value of property calculated?Current replacement cost minus depreciati...

Under Part A of a Personal Auto Policy, which of the following losses would be covered? A.) Damage to property being transported by the insured B.) Damage to a neighbor's parked car C.) Damage to a neighbor's lawn mower in the care of the insured D.) Damage to the home the insured owns B.) Dam...

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 of risks that are more prone to losses than average risks i...

which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damage property from further loss, or defense expenses? A. Additional Coverage B. Exclusion C. Declaration D. Insuring AgreementA. Additional coverage The additional coverag...

CIC - Personal Lines UPDATED Exam Questions and CORRECT Answers HO -3 Dwelling Coverage and Peril - Ans Open Peril and replacement cost Personal Property Replacement Cost Loss Settlement - Ans Changes property not eligible for RC from ACV to RC REplacement Cost loss Settlement for certain non...

Guarantee ExamFX, Idaho Personal Lines Simulation UPDATED Exam Questions and CORRECT Answers In the last 72 hours, there were 3 instances of volcanic eruptions that damaged a property covered by a dwelling policy. How many deductibles will the insured have to pay before the policy covers th...

Personal Lines Insurance UPDATED Actual Exam Questions and CORRECT Answers Risk _________ is when one takes action to prevent or reduce potential loss. - CORRECT ANSWER- Reduction When the number of similar units increases, the predictability of the loss improves according to the rule of __...

Ohio Personal Lines (Insurance Exam) UPDATED Actual Exam Questions and CORRECT Answers Stock Insurance Company - CORRECT ANSWER- Issues non-participating policies and is owned by stockholders who received taxable corporate dividends as a return profit Reinsurance - CORRECT ANSWER- The transfe...