Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) Exam Fx-Property and Casualty Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) To be considered an insurable risk, a loss may NOT be
Answer catastrophic
2. Which of the fol...
Exam Fx-Property and Casualty Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Exam%20Fx-Prop
Exam Fx-Property and Casualty Exam
Questions & Answers
1. To be considered an insurable risk, a loss may NOT be
Answer catastrophic
2. Which of the following persons would be required to hold a producer
license?
Answer a nonresident agent who negotiates insurance contracts
3. Which of the following is the oldest known type of insurance?
Answer ocean marine
4. The contents coverage on a homeowners policy would pay how much after the
loss of one of a pair of golden candlesticks?
Answer the difference in the actual cash value as a pair and as a single
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5. Which of the following additional perils is covered under both of the Basic
and Broad forms in dwelling policies?
Answer internal explosion
6. When would a misrepresentation on the insurance application be consid-
ered fraud?
Answer If it is intentional and material
7. A bond is written for a set limit, and the surety will be liable only for this
amount. This limit is known as the
Answer penalty
8. In insurance, an offer is usually made when
Answer the application is submitted
9. All of the following actions by a producer may be grounds for license
revocation or non-renewal EXCEPT
Answer participating in controlled business
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10. In personal auto policies, the term "you" refers to
Answer the named insured
11. Business personal property coverage form covers all of the following
except
Answer
automobiles held for sale
12. in dwelling policies, automatic increase in insurance is
Answer coverage by en- dorsement
13. To be eligible for businessowners policy (BOP) coverage, an office building
CANNOT be higher than
Answer 6 stories
14. Elaborate homes with replacement costs greater than ACV or market value
are insured on the
Answer HO-8 Form
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