South Carolina Property and Casualty Insurance Exam Questions With Solutions 100% Correct
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Course
South Carolina Property And Casualty Insurance
Institution
South Carolina Property And Casualty Insurance
South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
Who is an insurance producer? Any person licensed to sell, solicit or negotiate insurance
Employee fidelity may be written in all the following ways EXCEPT Location schedule
Section 1 of boatowners poli...
South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
Who is an insurance producer? Any person licensed to sell, solicit or negotiate insurance
Employee fidelity may be written in all the following ways EXCEPT Location schedule
Section 1 of boatowners policy covers Physical Damage
Which type of losses are covered by the South Carolina Wind and Hail Underwriting
Association? Both Direct and Indirect losses
Before granting a Certificate of Authority to a company, the Director must be satisfied by proper
evidence that all of the following are true EXCEPT The insurer does not have a
Certificate of Authority in any other state
Erroneous Publishing copied all the material from Angels Inc.'s book. The only changes made by
Erroneous were to rename the title and chapters, put a different cover on it, and distribute it as its
own. Angels Inc. files a claim against Erroneous and seeks damages. Will a commercial general
, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
liability policy cover the claim? No, because the claim results from copyright
infringement and is not in an advertisement
When the insured's car was totaled in a recent accident, the ownership of the car was transferred
to the insurer. The insurer then sold off the wrecked car to recover some of the loss it paid to the
insured. What is the term for this action? Salvage
The reduction, decrease, or disappearance of value of the person or property insured in a policy
by a peril insured against is known as loss
A plasterer has finished a job. What kind of liability coverage would protect him if the plaster
falls and hurts someone because he did not do the job correctly? Completed operations
Which employee fidelity bond pays no more than its limit of liability for each separate
occurrence no matter that several separately identifiable employees were involved in a single
loss? commercial blanket position
, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
If an employee consumes alcohol, becomes intoxicated, and is injured at work, he/she is
__________. Not covered if the consumption of alcohol is proven to have caused the
injury
Under Coverage C of a farm policy, what is the limit payable on business property located away
from the premises? $500
Within how many days of requesting an investigative consumer report must an insurer notify the
consumer in writing that the report will be obtained? 5 days
What is the purpose of the government crime coverage form? To provide crime coverage
to those who do not qualify in the normal market
Which of the following insurance options would be considered a risk-sharing arrangement?
Reciprocal
According to the loss payment condition in HO policies, losses must be paid within how many
days of the insurer receiving proof of loss? 60 days
, South Carolina Property and Casualty
Insurance Exam Questions With Solutions
100% Correct
Which of the following is true of dwelling policy coverage? Exclusion apply to all three
policy forms
The individual named insured endorsement under a commercial auto policy provides coverage
for which of the following? The sole proprietor of the business and his or hers family
members
The type of crime policy under which coverage is triggered by a loss that happens during the
policy period but is not necessarily discovered during the policy period is the _____________.
Loss sustained form
What type of coverage protects the insured in an accident caused by a driver with insufficient
coverage? Underinsured Motorist
In which of the following sections of a commercial auto policy will you find specific information
about the policy period? Conditions
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