Exam (elaborations)
C 2024 ATI FUNDAMENTALS EXAM QUESTIONS AND DETALIED ANSWERS 2025 UPDATE ALREADY GRADED A+
- Course
- Institution
C 2024 ATI FUNDAMENTALS EXAM QUESTIONS AND DETALIED ANSWERS 2025 UPDATE ALREADY GRADED A+
[Show more]
Content preview
C 2024 XCEL SOLUTIONS PROPERTY & CASUALTYTEST QUESTIONS AND DETALIED ANSWERS
ALREADY GRADED A+
What is the main advantage to an insurer under a Claims Made CGL?
The insurer knows the definitive date upon which their potential liability ends
The cyber security rule states that:
An individual may be fined up to $10,000 for failing to comply
If a basic illustration is not provided, the insurer MUST provide a policy summary to a prospective
insured at which of the following times?
When the policy is delivered
Which of the following would be examples of an insurer using individual rating?
An insured's factory has an underwriting inspection of their facility and the company uses the
inspection report to determine the factory's insurance cost
A coverage trigger is:
The event that makes a CGL policy respond to a claim
Which of the following liability policies feature a SIR as part of coverage?
Professional Liability
,Which of the following statements concerning landscape coverage in homeowners policy is NOT
ACCURATE?
HO-4 provides up to $500 per tree up to a maximum of 10% of the Coverage A amount
If a business is concerned with repetitive coverages and paying more than once for the same coverage,
the Commercial Package Policy solves this issue:
through interline endorsements
Which statement is false regarding the uninsured automobile coverage that must be offered by
insurers?
It provides at least $10,000 in case of property damage to an insured person caused by an uninsured
driver
An insured, with Part D coverage, has his car stolen and incurs extra transportation expenses of about
$30 per day for the 10 days since the theft, when the car is recovered. How much will his policy
reimburse for this expense?
$160
Under Part 4 of Workers Compensation Policies, which of the following is not included?
Renumeration must be provided
Which of the following facts about the Flood Program is FALSE?
Private carriers share in losses through the WYO
, Basic Form Farm Coverage will cover:
Fire
None of the following general type of business can qualify for the BOP, EXCEPT:
Small to medium sized concerns
The endorsement that is added to a commercial auto policy that changes the definition of who an
insured is by acquiring an auto through a lease is known as:
Lessor - Additional Insured and Loss Payee
On March 15, C suffered a loss under her businessowners section II. On March 28th, she declared
bankruptcy. The insurer:
Must cover the loss
Which of the following actions is considered to be an unfair trade practice?
A producer who sells insurance to an individual by means of threat
N just purchased a new auto. If N wants to find the description of property insured as well as any
endorsements to the policy. N should look at the:
Declarations
H bought a used Mercedes in great condition and would like Part D coverage for the vehicle on his PAP.
H currently has Part D coverage on one of his 2 currently covered autos. How long does H have to notify
the insurer to have Part D coverage on the Mercedes?
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 ednanelian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.09. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71947 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now