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[Show more]Fred Loya Insurance Exam Questions With 
Verified Answers 
Pure Risk - answerNo possible gain 
risk - answerThe certainty of a future outcome 
Speculative Risk - answerInvolves gain or loss 
Peril - answerThe cause of a loss 
Ex; accident, fire wind ,hail,collison 
Hazard - answerincrease possibilit...
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Add to cartFred Loya Insurance Exam Questions With 
Verified Answers 
Pure Risk - answerNo possible gain 
risk - answerThe certainty of a future outcome 
Speculative Risk - answerInvolves gain or loss 
Peril - answerThe cause of a loss 
Ex; accident, fire wind ,hail,collison 
Hazard - answerincrease possibilit...
Fred Loya Insurance Exam Questions With 
Verified Answers 
Liability: - answeris the minimum the state of California requires you to have in order to 
drive a vehicle. In case you are involved in an accident that is your fault, the company pays: up 
to $15,000 in medical expenses for 1 person injure...
Preview 1 out of 1 pages
Add to cartFred Loya Insurance Exam Questions With 
Verified Answers 
Liability: - answeris the minimum the state of California requires you to have in order to 
drive a vehicle. In case you are involved in an accident that is your fault, the company pays: up 
to $15,000 in medical expenses for 1 person injure...
Fred Loya Limited Lines State Test 
Questions With Verified Answers 
What course of action does a party to a contract have if the other party is found to be in breach of 
that contract? - answerDamages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualif...
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Add to cartFred Loya Limited Lines State Test 
Questions With Verified Answers 
What course of action does a party to a contract have if the other party is found to be in breach of 
that contract? - answerDamages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualif...
Fred Loya Insurance Questions With 
Verified Answers 
Personal injury protection (PIP) - answerCovers in case of a car accident no matter who's at 
fault. It covers medical bills for you and your passenger's. It pays up to $2,500 for each person 
hurt in vehicle. 
Uninsured motorist (UM) - answerC...
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Add to cartFred Loya Insurance Questions With 
Verified Answers 
Personal injury protection (PIP) - answerCovers in case of a car accident no matter who's at 
fault. It covers medical bills for you and your passenger's. It pays up to $2,500 for each person 
hurt in vehicle. 
Uninsured motorist (UM) - answerC...
Fred Loya Exam Questions With 100% 
Correct Answers 
EXPRESSED AUTHORITY - answerThe type of authority granted to an agent that is 
applied in writing or verbally 
IMPLIED AUTHORITY - answerAuthority that is not expressed or written into the contract, 
but which the agent is assumed to have in order...
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Add to cartFred Loya Exam Questions With 100% 
Correct Answers 
EXPRESSED AUTHORITY - answerThe type of authority granted to an agent that is 
applied in writing or verbally 
IMPLIED AUTHORITY - answerAuthority that is not expressed or written into the contract, 
but which the agent is assumed to have in order...
Fred Loya Practice Exam 2 Questions With 
100% Correct Answers 
If an agent, while selling a policy tells the prospect he is fully covered and everything will be 
taken care of, when this is not the fact, the agent is guilty of - answerMisrepresentation 
What would NOT be an unfair claim practice? -...
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Add to cartFred Loya Practice Exam 2 Questions With 
100% Correct Answers 
If an agent, while selling a policy tells the prospect he is fully covered and everything will be 
taken care of, when this is not the fact, the agent is guilty of - answerMisrepresentation 
What would NOT be an unfair claim practice? -...
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