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PSI PRACTICE QUESTIONS PROPERTY CASUALTY WITH COMPLETE ANSWERS
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PSI PRACTICE QUESTIONS PROPERTY CASUALTY WITH COMPLETE ANSWERS
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PSI PRACTICE QUESTIONS PROPERTYCASUALTY WITH COMPLETE ANSWERS
An vvinsured vvoperates vva vvauto vvrepair vvshop vvand vvhas vva vvgarage vvcoverage vvform
vvwith vvgaragekeepers vvinsurance vvwhen vvan vvemployee vvon vva vvtest vvdrive vvwith vva
vvcustomer's vvcar vvis vvinvolved vvin vva vvcrash. vvHow vvwill vvthe vvcustomer's vvcar vvbe
vvcovered vvby vvthe vvinsured's vvpolicy? vv- vvAnswerThe vvcustomer's vvcar vvis vvcovered
vvfor vvany vvphysical vvdamage vvwhile vvin vvthe vvcustody vvof vvthe vvinsured.
Liability vvarising vvout vvof vvany vvof vvthe vvfollowing vvis vvexcluded vvfrom vvthe vvpersonal
vvand vvadvertising vvinjury vvliability vvcoverage vvEXCEPT vv- vvAnswerunknowingly
vvinflicting vvinjury vvthat vvviolates vvthe vvrights vvof vvanother.
A vvbank vvcustomer's vvidentity vvwas vvcompromised vvand vvthe vvthieves vvmade
vvnumerous vvpurchases vvfrom vva vvretailer vvby vvsigning vvthe vvcustomer's vvchecks.
vvWhen vvthe vvbank vvrefused vvto vvmake vvpayment vvfor vvthe vvgoods, vvthe vvretailer
vvbrought vvsuit vvagainst vvthe vvbank. vvWhich vvcoverage vvindemnified vvthe vvbank vvfor
vvliability vvin vvthe vvsuit? vv- vvAnswerforgery vvand vvalteration
Workers' vvcompensation vvcoverage vvis vvrated vvon vvthe vvbasis vvof vvwhich vvof vvthe
vvfollowing? vv- vvAnsweremployer's vvpayroll
Which vvof vvthe vvfollowing vvis vvthe vvparty vvwho vvagrees vvto vvbe vvresponsible vvfor
vvloss vvin vvthe vvcase vvof vva vvfidelity vvbond? vv- vvAnswerthe vvsurety
The vvinsured vvcarries vvunderinsured vvmotorists vvcoverage vvlimits vvof vv250/500/250
vvon vvhis vvautomobile vvpolicy vvand vvhis vvvehicle vvis vvstruck vvby vvan vvat vvfault
vvmotorist vvwho vvinsures vvwith vvthe vvState vvminimum vvfor vvliability vvof vv20/40/10. vvIf
vvthe vvinsured vvbrings vvsuit vvfor vvbodily vvinjury vvdamages vvto vvhimself vvof vv$500,000,
vvhow vvmuch vvwill vvhe vvrecover vvfrom vvat vvfault vvdriver's vvpolicy? vv- vvAnswer$20k
Under vvthe vvcommercial vvgeneral vvliability vvwhich vvone vvof vvthe vvfollowing vvis
vvcovered vvunder vvsupplementary vvpayments? vv- vvAnswercost vvof vvbail vvbonds
When vvthe vvinsured's vvchild vvspills vvred vvjuice vvon vvthe vvcarpet vvof vvinsured's
vvcovered vvautomobile, vvwhich vvof vvthe vvfollowing vvcoverages vvwill vvapply? vv-
vvAnswercomprehensive
, Which vvof vvthe vvfollowing vvbest vvdescribes vvthe vvcommercial vvgeneral vvliability?s
vvgeneral vvaggregate vvannual vvlimit vvas vvit vvapplies vvto vvthe vvcoverage vvparts vvof
vvthe vvCGL? vv- vvAnswerCoverage vvA, vvB, vvand vvC vvapply vvin vvsum vvand vvare vvthe
vvmost vvthat vvwill vvbe vvpaid vvsubject vvto vvthe vvgeneral vvaggregate vvannual vvlimit.
Under vvliability vvcoverage vvwhich vvof vvthe vvfollowing vvwill vvtrigger vvcoverage vvfor
vvproperty vvdamage? vv- vvAnswerunintended vvdamage vvto vvtangible vvproperty vvof
vvothers
All vvof vvthe vvfollowing vvare vvexclusions vvare vvfound vvunder vvthe vvpersonal vvauto
vvpolicy vvPart vvA vvliability vvcoverage, vvEXCEPT vv- vvAnswerbodily vvInjury vvto vvan
vvinsured's vvnonresident vvfamily vvmember vvor vvrelative.
All vvof vvthe vvfollowing vvspecify vvlimits vvof vvinsurance vvfor vvthe vvcommercial vvgeneral
vvliability vvEXCEPT vv- vvAnswerlegal vvdefense.
All vvof vvthe vvfollowing vvactivities vvwould vvwarrant vvthe vvimposition vvof vvabsolute
vvliability vvEXCEPT vv- vvAnswerrisky vvtransportation.
Which vvof vvthe vvfollowing vvis vvTRUE vvwhen vvthe vvinsured's vvlimits vvof vvinsurance
vvapply vvper vvoccurrence? vv- vvAnswerCoverage vvis vvtriggered vvfor vvsmoke vvdamage
vvto vvsiding vvcaused vvby vvrepeated vvacts vvby vvinsured's vvneighbor.
Which vvof vvthe vvfollowing vvdescribes vvmarket vvvalue? vv- vvAnswerIt vvis vvwhat
vvproperty vvcould vvbe vvsold vvfor.
Which vvof vvthe vvfollowing vvdefines vvthe vvterm vvperil? vv- vvAnswercause vvof vvloss
The vvTerrorism vvRisk vvInsurance vvAct vvand vvthe vvNational vvFlood vvInsurance
vvProgram vvare vvsimilar vvby vvproviding vvwhich vvof vvthe vvfollowing? vv-
vvAnswersubsidies, vvloss vvsharing vvor vvexcess vvcoverage
All vvof vvthe vvfollowing vvare vvresponsibilities vvof vvthe vvinsured vvlisted vvin vvthe vvloss
vvprovisions vvfor vvmost vvproperty vvinsurance vvcontracts vvEXCEPT vv- vvAnswerto
vvdetermining vvadequate vvindemnification.
When vvan vvinsured vvdisagrees vvwith vvthe vvvaluation vvof vva vvloss vvand vvhis
vvappraiser vvand vvthe vvinsurance vvcompany's vvappraiser vvdisagree, vvhow vvwill vvthe
vvloss vvbe vvsettled? vv- vvAnswerthe vvamount vvagreed vvto vvby vvany vvtwo vvof vvthe
vvthree
Underwriters vvare vvpermitted vvto vvuse vvall vvof vvthe vvfollowing vvwhen vvunderwriting
vvan vvapplication vvfor vvinsurance vvEXCEPT vv- vvAnswerdisability.
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