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Louisiana Property & Casualty Exam - PSI & ExamFX questions with correct complete answers
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Louisiana Property & Casualty Exam - PSI & ExamFX questions with correct complete answers
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Louisiana Property & Casualty Exam -PSI & ExamFX questions with correct
complete answers
If a producer allows his license to lapse, within what time period may the producer
reinstate the same license? - Answer-b) 2 years
Producers who allow their license to lapse may reinstate them same license within 2
years, upon proof of fulfilling all continuing education requirements through the date of
reinstatement, & by paying all overdue fees.
Which of the following would be eligible for Homeowners Coverage F - Medical
Payments in the event of injury at the insured's premises? - Answer-d) A full-time maid
Medical payments on the HO policy cover costs incurred for up to three years after the
accident. Coverage does not apply to any insured or a regular resident of the premises,
except resident employees not covered by workers compensation.
Which of the following statements is NOT true of a commercial umbrella liability policy?
- Answer-a) It would automatically cover all losses as they occur.
There is usually a minimum limit of liability the insured must carry & maintain on the
basic policies, such as $1,000,000 for commercial risks. In addition, there are usually
retained limits (called a self-insured retention, or SIR) that the insured must satisfy
before the umbrella policy will respond to certain kinds of losses.
Which of the following perils is NOT covered the DP-2? - Answer-c) Damage to pets,
birds, or fish
DP-2 covers perils caused by breakage of glass, weight of ice 7 snow, or falling objects.
Not damage to pets, birds or Fish
Which is NOT true of workers compensation coverages? - Answer-c) Medical Payment
benefits are limited.
Workers compensation medical payments are unlimited.
The garage coverage from is written to cover the insurance needs of an insured in the
business of selling, repairing, servicing or storing automobiles. Which of the following
coverages are not included in a garage policy? - Answer-b) Physical damage on a
customer's auto
, The garage policy has a care, custody and control exclusion which would eliminate
coverage for any damage to a customer's auto. This exposure would need to be
covered under a garagekeepers policy.
Which of the following injuries under Coverage C - Medical Payments of a commercial
general liability policy? - Answer-b) Injuries to a member of the general public that
occurs on premises
Medical payments coverage makes payment of necessary medical & first aid for injuries
to third parties occurring on the insured premises, regardless...
Which of the following is a federal act that covers crews of ships the same as railroad
workers? - Answer-a) The Jones Act
The Jones Act is a federal act that covers ships' crews with the same remedy available
to railroad workers.
The commercial general liability Coverage Part A - Bodily Injury & Property Damage
provides coverage for which of the following? - Answer-a) Premises
Premises, operations, products, and completed operations coverage are included in a
general liability coverage part.
Which of the following perils will be EXCLUDED from coverage under HO-4 Tenant
Broad Form of a homeowners policy? - Answer-c) Sewer water backup
Water damage, including sewer water backup, is among general property exclusions for
all HO policy forms.
Under a commercial general liability policy, which of the following is NOT considered
mobile equipment? - Answer-b) An automobile used as a company car by a real estate
company
Mobile equipment is defined as bulldozers, farm machinery, forklifts and other vehicles,
including attached equipment, designed for use off public roads; vehicles maintained for
use solely on or next to the insured premises; vehicles that travel on crawler treads;
vehicles used primarily to provide mobility to power cranes; loaders, diggers, drills; any
other road construction or resurfacing equipment.
The defendant being released on a surety bail bond is the - Answer-b) Principal.
The defendant has made a promise to show up in court at the specified time. The
principal makes a promise to perform.
Which of the following types of property would be covered under Coverage C - Personal
Property in a dwelling policy? - Answer-d) Rowboats
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