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Examfx practice test Exam | 1 - ExamFX Life and Health | Examfx Property and Casualty | Exam FX Stimulation Exam
[Show more]Examfx practice test Exam | 1 - ExamFX Life and Health | Examfx Property and Casualty | Exam FX Stimulation Exam
[Show more]1. In dwelling policies, automatic increase in insurance is 
(Choose from the following options) 
1. Coverage for newly acquired property. 
2. Coverage by endorsement. 
3. Automatic coverage. 
4. Coverage without additional premium. - CORRECT ANSWER 2. Coverage by 
endorsement. 
2. Personal busines...
Preview 4 out of 45 pages
Add to cart1. In dwelling policies, automatic increase in insurance is 
(Choose from the following options) 
1. Coverage for newly acquired property. 
2. Coverage by endorsement. 
3. Automatic coverage. 
4. Coverage without additional premium. - CORRECT ANSWER 2. Coverage by 
endorsement. 
2. Personal busines...
Workers Compensation - CORRECT ANSWER Benefits required by state law to be 
paid to an employee by an employer in the case of injury, disability, or death as the 
result of an on-the-job hazard. 
Warranty - CORRECT ANSWER A material stipulation in the policy that if breached 
may void coverage. 
...
Preview 3 out of 29 pages
Add to cartWorkers Compensation - CORRECT ANSWER Benefits required by state law to be 
paid to an employee by an employer in the case of injury, disability, or death as the 
result of an on-the-job hazard. 
Warranty - CORRECT ANSWER A material stipulation in the policy that if breached 
may void coverage. 
...
What two elements are necessary to a life insurance contract to have a legal purpose? - 
CORRECT ANSWER 1. Insurable Interest 
2. Consent 
Insurance is a contract that protects the insured from what? - CORRECT ANSWER 
Loss 
What Type of Risk is Insurable? - CORRECT ANSWER Pure 
What is the term fo...
Preview 1 out of 4 pages
Add to cartWhat two elements are necessary to a life insurance contract to have a legal purpose? - 
CORRECT ANSWER 1. Insurable Interest 
2. Consent 
Insurance is a contract that protects the insured from what? - CORRECT ANSWER 
Loss 
What Type of Risk is Insurable? - CORRECT ANSWER Pure 
What is the term fo...
The Louisiana insurance Guaranty Association Board of Directors are placed in office by 
- CORRECT ANSWER election and appointment 
States with monopolistic state workers compensation funds - CORRECT ANSWER 
Do not allow private insurers to be licensed to write workers compensation coverage 
This ...
Preview 2 out of 8 pages
Add to cartThe Louisiana insurance Guaranty Association Board of Directors are placed in office by 
- CORRECT ANSWER election and appointment 
States with monopolistic state workers compensation funds - CORRECT ANSWER 
Do not allow private insurers to be licensed to write workers compensation coverage 
This ...
To be considered an insurable risk, a loss may NOT be - CORRECT ANSWER 
catastrophic 
Which of the following persons would be required to hold a producer license? - 
CORRECT ANSWER a nonresident agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance?...
Preview 2 out of 6 pages
Add to cartTo be considered an insurable risk, a loss may NOT be - CORRECT ANSWER 
catastrophic 
Which of the following persons would be required to hold a producer license? - 
CORRECT ANSWER a nonresident agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance?...
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