PERSONAL VUE PROPERTY & CASUALTY
QUESTIONS GA EXAM
1.The arbitration clause in a personal auto policy would be used in which of the following circumstances?
A.The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim.
B.The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim.
C.The court have ruled against an injured 3th party.: B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim.
2.Which of the following bonds protects an employer fro the actions of dis- honest employees?
A.Surety
B.Fidelity: B.Fidelity
3.A dwelling has been vacant for more than 60 consecutive days. Which of the following would most likely NOT be covered?
A.Vandalism
B.Smoke
C.Fire
D.Falling Objects: A. Vandalism
4.While in her backyard, Susan injuries her foot on a rake left by her land- scapers. What part of the CGL policy will protect the owner of the landscaping company?
A.Operations exposure
B.Products Liability
C.Completed operations liability
D.Premises exposure: A. Operations exposure
5.Premium computation is found in which section of the workers' compensa- tion policy?
A.Part 3
B.Part 5 C.Part 1
D.Part 2: B. Part 5
6.Once an injured employee has received benefits provided under workers' compensation, that employee may not file a suit against her employer to gain additional benefits. This is the def. of A.Contributory negligence
B.the fellow servant rule
C.Assumption of risk
D.Exclusive remedy: D. executive remedy
7.The purpose of the basic extended reporting period in a commercial general liability (CGL) " claims-made" policy is to provide
A.additional time for the insured to make monthly reports of information for rating purposes
B.coverage for events that have happened before the policy became effective
C.coverage for events that happened up to 5yrs after a claims-made policy has expired
D Coverage for events that have happened after the retroactive date, but which were not within 60days of policy expiration : D. Coverage for events that have happened after the retroactive date, but which were not within
60days of policy expiration
8.What is the purpose of the employer's liability section of a workers'
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