TEXAS PROPERTY AND CASUALTY ACTUAL EXAM QUESTIONS WITH COMPLETE ANSWERS || GRADED A+ < UPDATED >
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Course
TEXAS PROPERTY AND CASUALTY
Institution
TEXAS PROPERTY AND CASUALTY
TEXAS PROPERTY AND CASUALTY
ACTUAL EXAM QUESTIONS WITH
COMPLETE ANSWERS || GRADED
A+ < UPDATED >
A professional liability policy could be used to cover:
Select one:
nicas owned by a professional musician.
b.a piano owned by a concert pianist.
c.Errors and Omi...
TEXAS PROPERTY AND CASUALTY
ACTUAL EXAM QUESTIONS WITH
COMPLETE ANSWERS || GRADED
A+ < UPDATED >
A professional liability policy could be used to cover:
Select one:
a.harmonicas owned by a professional musician.
b.a piano owned by a concert pianist.
c.Errors and Omissions for an architect. - ANSWER ✔ c.Errors and
Omissions for an architect.
A supplemental or maxi-tail extended reporting period (ERP) provides
liability coverage for claims filed:
Select one:
a.only within 6 months
b.at any future time - ANSWER ✔ b.at any future time
A real estate agent's Professional Liability Policy covers:
,Select one:
a.negligent failure to give a client a copy of a completed document.
b.fraud involving the valuation of a property.
c.an auto accident.
d.theft of client's funds. - ANSWER ✔ a.negligent failure to give a client
a copy of a completed document.
Who will get Professional Liability Insurance?
Select one:
a.a teacher
b.a doctor - ANSWER ✔ b.a doctor
A physician's E&O policy has no Extended Reporting Period. A loss
occurred during the policy period, but the policy expired before a claim
was filed. What action should be taken by the claims adjuster?
Select one:
a.deny the claim
b.pay the claim - ANSWER ✔ a.deny the claim
A consent to settle provision protects the reputation of the:
Select one:
a.insured
b.insurer - ANSWER ✔ a.insured
Which policies are usually written on a "claims made" basis with a
consent to settle provision?
Select one:
,a.Professional Liability
b.Commercial General Liability - ANSWER ✔ a.Professional Liability
Professional Liability is known as:
Select one:
a.Commercial General Liability
b.Errors and Omissions - ANSWER ✔ b.Errors and Omissions
To protect against client claims for failure to recommend the
appropriate insurance, an insurance agent should have:
Select one:
a.Professional Liability
b.Premises Liability - ANSWER ✔ a.Professional Liability
A beautician inadvertently injures a customer when the beautician
mistakenly applied a toxic chemical to the customer's skin. This would
be covered by the beautician's:
Select one:
a.products liability
b.premises liability
c.E&O
d.bodily injury liability under the CGL - ANSWER ✔ c.E&O
A mini-tail extended reporting period (ERP) provides additional
coverage for:
Select one:
a.all future claims, no matter when filed.
b.claims reported within 60 days after the policy expires. - ANSWER ✔
b.claims reported within 60 days after the policy expires.
Under an E&O policy, claims occurring during the policy period may
be reported after the policy expires if the policy has:
Select one:
a.an Extended Reporting Period
, b.a Retroactive Date - ANSWER ✔ a.an Extended Reporting Period
A "claims made" policy pays claims if they:
Select one:
a.Are reported during the policy period.
b.Occurred before the retroactive date. - ANSWER ✔ a.Are reported
during the policy period.
Who should get a Professional Liability Policy?
Select one:
a.an electrical contractor
b.a beautician or barber
c.a plumbing, heating and general contractor
d.an auto mechanic - ANSWER ✔ b.a beautician or barber
A sexual harassment claim against a business would be covered by:
Select one:
a.Bodily Injury coverage under a CGL
b.Homeowner Liability
c.Personal Injury coverage under a CGL
d.Employment Practices Liability - ANSWER ✔ d.Employment
Practices Liability
Each of the following is a casualty coverage EXCEPT:
Select one:
a.Employment Practices
b.Commercial General Liability
c.Auto
d.Earthquake - ANSWER ✔ d.Earthquake
Employment Practices Liability will cover which of the following
claims?
Select one:
a.the cost of complying with the Americans With Disabilities Act
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