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Property and Casualty Insurance Licensing Exam Practice Questions and Answers (100% Pass)
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Property and Casualty Insurance Licensing Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMProperty and Casualty Insurance Licensing Exam
Practice Questions and Answers (100% Pass)
To prevent recovery beyond the amount of the insured's actual loss, the policy will
contain: - ✔️✔️An Other Insurance Clause
Collision coverage of an auto policy covers:
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects - ✔️✔️B) upset of the vehicle
The maximum amount of payable for all losses resulting from one event is known as
the:
a) occurrence limit
b) aggregate limit - ✔️✔️a) occurrence limit
Which of the following is a cause of loss form?
a) declarations form
b) proof of loss form
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,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
c) garage keepers' form
d) basic form - ✔️✔️d) Basic form
The minimum flood deductible is:
a) $100
b) $250
c) $500
d) $1000 - ✔️✔️c) $500
The insured intentionally did not inform the insurer that the insured owned only 35% of
the property. The insurer can void the policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment - ✔️✔️d) concealment
Which of the following is NOT a defense against negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
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, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
d) assumption of risk - ✔️✔️c) presumption of negligence
The presumed authority necessary to carry out the producer's routine tasks is known as:
a) expressed authority
b) implied authority - ✔️✔️b) implied authority
Which of the following statements regarding the Towing and Labor endorsement is
false?
a) it will pay to the limit stated in the endorsement each time a covered vehicle is
disabled
b) there is no coverage for roadside labor costs
c) there is no deductible
d) none of the above - ✔️✔️b) there is no coverage for roadside labor costs
A licensee may violate federal law and be subject to a fine and prison for doing which of
the following?
a) selling insurance w/ a nonresident license
b) sending threatening letters to the state insurance regulator
c) fraudulently telling an insured a claim isn't covered on the policy
d) murdering an applicant - ✔️✔️b) sending threatening letters to the state insurance
regulator
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