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Exam Fx-Property and Casualty Exam Practice Questions and Answers (100% Pass)
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Exam Fx-Property and Casualty Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMExam Fx-Property and Casualty Exam Practice
Questions and Answers (100% Pass)
To be considered an insurable risk, a loss may NOT be - ✔️✔️catastrophic
Which of the following persons would be required to hold a producer license? - ✔️✔️a
nonresident agent who negotiates insurance contracts
Which of the following is the oldest known type of insurance? - ✔️✔️ocean marine
The contents coverage on a homeowners policy would pay how much after the loss of
one of a pair of golden candlesticks? - ✔️✔️the difference in the actual cash value as a
pair and as a single
Which of the following additional perils is covered under both of the Basic and Broad
forms in dwelling policies? - ✔️✔️internal explosion
When would a misrepresentation on the insurance application be considered fraud? -
✔️✔️If it is intentional and material
A bond is written for a set limit, and the surety will be liable only for this amount. This
limit is known as the - ✔️✔️penalty
In insurance, an offer is usually made when - ✔️✔️the application is submitted
1
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
All of the following actions by a producer may be grounds for license revocation or non-
renewal EXCEPT - ✔️✔️participating in controlled business
In personal auto policies, the term "you" refers to - ✔️✔️the named insured
Business personal property coverage form covers all of the following except: -
✔️✔️automobiles held for sale
in dwelling policies, automatic increase in insurance is - ✔️✔️coverage by endorsement
To be eligible for businessowners policy (BOP) coverage, an office building CANNOT
be higher than - ✔️✔️6 stories
Elaborate homes with replacement costs greater than ACV or market value are insured
on the - ✔️✔️HO-8 Form
Which of the following dwelling coverage forms would pay replacement cost for the
dwelling? - ✔️✔️DP-2 and DP-3
Business personal property coverage insures property out in the open if it is - ✔️✔️Within
100 feet of the described premises
A runaway shopping cart injures a customer in a supermarket's parking lot. Coverage
for this claim would be provided under - ✔️✔️premises and operations
Which of the following businesses would be eligible for a businessowners policy? -
✔️✔️Hill & Morton Funeral Home
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