100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Complete Test Bank For Pearson Vue: | Pearson VUE: Casualty Insurance Practice Exam| Pearson Vue: Life Insurance Practice Exam| Pearson Vue: National Health Insurance Practice Test| Pearson VUE: Property Insurance Practice Exam, Study| Pearson VUE: Prop$18.99
Add to cart
Complete Test Bank For Pearson Vue: | Pearson VUE: Casualty Insurance Practice Exam| Pearson Vue: Life Insurance Practice Exam| Pearson Vue: National Health Insurance Practice Test| Pearson VUE: Property Insurance Practice Exam, Study| Pearson VUE: Prop
0 view 0 purchase
Course
Pearson Vue/Pearson Vue
Institution
Pearson Vue/Pearson Vue
Complete Test Bank
For Pearson Vue: | Pearson VUE: Casualty Insurance Practice Exam| Pearson Vue: Life Insurance Practice Exam| Pearson Vue: National Health Insurance Practice Test| Pearson VUE: Property Insurance Practice Exam, Study| Pearson VUE: Property Insurance Test Pearson Vue (LAW) Ques...
Complete Test Bank
For Pearson Vue: | Pearson VUE: Casualty Insurance Practice Exam| Pearson Vue: Life
Insurance Practice Exam| Pearson Vue: National Health Insurance Practice Test| Pearson
VUE: Property Insurance Practice Exam, Study| Pearson VUE: Property Insurance Test
Pearson Vue (LAW) Questions With 100% Correct Answers.
Table of Contents
Pearson VUE: Casualty Insurance Practice Exam .................................................................................... 2
Pearson Vue: Life Insurance Practice Exam .......................................................................................... 15
Pearson Vue: National Health Insurance Practice Test ........................................................................ 29
Pearson VUE: Property Insurance Practice Exam, Study ...................................................................... 45
Pearson VUE: Property Insurance Test Pearson Vue (LAW) ................................................................. 87
pg. 1
, PEARSON VUE: CASUALTY INSURANCE PRACTICE EXAM
Pearson VUE: Casualty Insurance Practice Exam
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
C
In insurance, which of the following terms refers to continuous or repeated exposure
to conditions that may result in bodily injury or damage neither expected nor
intended?
A. An accident
B. An occurrence
C. An event
D. A condition
B
Which of the following vehicles is considered a temporary substitute auto under a
Personal Auto policy?
A. A neighbor's pickup truck borrowed by an insured to run an errand
B. An auto purchased by an insured to replace a previously owned vehicle
C. An auto rented by an insured when the insured is on vacation
D. An auto rented by an insured when the insured's car is in a garage for repairs
D
An insurance binder is best described as:
A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the rating organizations
C. a temporary agreement to pay a claim pending final settlement
D. temporary short-term evidence of coverage
D
pg. 2
, PEARSON VUE: CASUALTY INSURANCE PRACTICE EXAM
Anything that increases the chance of loss is known as a(n):
A. risk
B. hazard
C. direct loss
D. indirect loss
B
The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's credit history prior to underwriting a
policy
B. insurance producer to summarize a policy for the insured
C. insurance producer to review the applicant's credit history prior to issuing a policy
D. insurance company to inform the applicant a credit report may be obtained
D
The limits of liability are found in which of the following sections of a casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions
C
A policyholder would expect to find which of the following information in the Insuring
Agreement section of an auto policy?
A. Bodily Injury limits of liability
B. The insurance company's promise to pay on the behalf of the insured
C. Exclusions regarding certain uses of the auto
D. The obligations of the insured in the event of a loss
B
Products Liability coverage would insure damages that arise from which of the
following situations?
A. A manufacturer is required to recall a defective product.
B. A contractor installs inferior-grade siding on a building.
C. A customer receives an electrical shock from a curling iron during an in-store
pg. 3
, PEARSON VUE: CASUALTY INSURANCE PRACTICE EXAM
demonstration.
D. A bicycle rider is injured when a wheel malfunctions.
D
Which of the following sections of an insurance policy would explain the term "auto"
?
A. Declarations
B. Definitions
C. Insuring agreement
D. Obligations of the insurance company
B
A business insured under a Commercial General Liability policy has a General
Aggregate limit of $1,000,000 and an Occurrence limit of $100,000. An injured party
is awarded $100,000. What limits will remain available to the insured?
A. General Aggregate of $1,000,000; Occurrence limit of $100,000
B. General Aggregate of $900,000; Occurrence limit of $100,000
C. General Aggregate of $1,000,000; Occurrence limit of $0
D. General Aggregate of $900,000; Occurrence limit of $0
B
In insurance, all of the following losses are examples of pure risk EXCEPT:
A. auto accident
B. flood damage to a home
C. decline of stock values on the stock market
D. fire damage to a building
C
In an application for marine insurance, a yacht owner states that the yacht will only
be sailed on inland waters. If the insured subsequently sails the yacht on the seas,
coverage may be denied because the insured has breached:
A. the Inchmaree clause
B. the policy clause
C. a representation
D. a warranty
D
pg. 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Testbankprofessor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
