Exam (elaborations)
South Dakota Property and Casualty practice exam with 100% correct answers
- Course
- Institution
South Dakota Property and Casualty practice exam with 100% correct answers
[Show more]
Content preview
South Dakota Property and Casualtypractice exam
The _________ endorsement covers the loss of money, securities, or property that results from a threat
made to the insured, so long as the threat is reported to law enforcement. - correct answer ✔✔Extortion
Rates are referred to as which of the following when the insurance company files for approval and then
implements the rates? - correct answer ✔✔File and Use
All of the following are considered to be insured under a Homeowners Policy, except: - correct answer
✔✔A 25-year-old friend who is living with an insured
Which coverage is written with a per occurrence limit? - correct answer ✔✔Bodily injury and property
damage
Which of the following would be found in Section I of a CGL? - correct answer ✔✔Coverage for bodily
injury and property damage
A tenant should buy which of the following Homeowner Policy Forms? - correct answer ✔✔HO-4
Which statement is true regarding the Personal Liability Supplement to the Dwelling policy? - correct
answer ✔✔The supplement provides coverage for claim expenses
Sudden and accidental damage from artificially generated electrical current best describes a(n): - correct
answer ✔✔Power surge
The amount of insurance provided to cover personal property of a Homeowners Policy is what
percentage of Coverage A? - correct answer ✔✔50%
, All the following injuries are covered under a Workers' Compensation policy, except: - correct answer
✔✔An employee whose injury results from intoxication
Of the Dwelling Policy forms, which one does not cover damage by burglars? - correct answer ✔✔Basic
Form (DP-1)
Which is true regarding Dwelling policies? - correct answer ✔✔Coverage C applies while insured
property is located at the described location
M and C both have Personal Auto policies with liability limits of 20/30/10. If M borrows C's car and
injures a pedestrian, causing injuries that will cost $5,000 to treat, which policy will provide coverage for
the injured party? - correct answer ✔✔C's policy
Whenever any policy is written or renewed to insure any _________ property in South Dakota against
loss by fire, tornado, or lightning and the property insured is completely destroyed, without criminal
fault on the part of the insured or the insured's assignees, the insurance amount written in the policy
must be taken conclusively to be the true value of the property insured and the true amount of loss and
measure of damages. - correct answer ✔✔Real
Insurance is an example of which type of risk management technique? - correct answer ✔✔Transfer of
risk
Which of the following best defines short-rate cancellation? - correct answer ✔✔The insured will receive
less than the full amount of the unearned premium
The Personal Articles Floater is written: - correct answer ✔✔Only on moveable property
Risk is defined as: - correct answer ✔✔Uncertainty or chance of loss
Which statement is false regarding the completed operations exposure? - correct answer ✔✔Coverage
includes replacement of the work that caused the loss
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78310 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now