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GEORGIA PROPERTY & CASUALTY QUESTIONS GA EXAM LATEST UPDATE 100+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT$13.49
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GEORGIA PROPERTY & CASUALTY QUESTIONS GA EXAM LATEST UPDATE 100+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT
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Course
GEORGIA PROPERTY & CASUALTY
Institution
GEORGIA PROPERTY & CASUALTY
GEORGIA PROPERTY & CASUALTY QUESTIONS GA EXAM LATEST UPDATE 100+ QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED A+ AT FIRST ATTEMPT
A bond guaranteeing the obligation of one party to another by a third party is known as a:
surety bond
guarantee bond
fiduciary bond
municipal bond -Correct...
GEORGIA PROPERTY & CASUALTY QUESTIONS GA EXAM LATEST
UPDATE 100+ QUESTIONS AND VERIFIED CORRECT ANSWERS
GUARANTEED A+ AT FIRST ATTEMPT
A bond guaranteeing the obligation of one party to another by a third party is known as a:
surety bond
guarantee bond
fiduciary bond
municipal bond -Correct Answer: A. surety bond
A building to an insured's business is severely damaged by fire. bc of the nature of the damage to
the adjoining property, the insured is denied access to the business by the fire dept. If the
insured's property is covered under a business income coverage form, the insurer will cover loss
of earnings for a MAX of:
6 months
3 weeks
60 days
30 days -Correct Answer: B. 3 weeks
A business insured under a commercial general liability policy has a general aggregate limit of
$100,000,000 and an occurrence limit of $100,000. An injured party is awarded
$100,000. What remain available to the insured?
General aggregate of $100,000,000; Occurrence limit of $0
A. General aggregate of $900,000; Occurrence limit of $100,000
A. General aggregate of $100,000,000; Occurrence limit of $100,000
A. General aggregate of $900,000; Occurrence limit of $0 -Correct Answer:
B.A. General aggregate of $900,000; Occurrence limit of $100,000
A candidate for licenses as property ins producer must have completed a MIN of how many of
preliencsing education?
A. 45 B.10 C.15
D.30 -Correct Answer: C.15
A candidate for licensure as a casualty ins producer must have complete a MIN of how hours of
prelicensing education?
A. 45
,B.15 C.30
D.7.5 -Correct Answer: B.15
A Commercial General Liability policy provides coverage for which of the following hazards?
A. Pollutions Liability
B. Premises Liability
C. Employee injury Liability
D. professional liability -Correct Answer: B. Premises Liability
A deer jumps through the window of an insured's home, damaging the interior and exterior walls.
Which of the following HO Forms listed below is the LEAST comprehensive form that will still
provide coverage for the loss?
A. HO-1
B. HO- 2
C. HO-3
D.HO-5 -Correct Answer: C. HO-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 -Correct Answer: A. Vandalism
A legal obligation for injuries that are sustained due to failure to preform a duty is known as:
A. negligence
B. Physical hazard
C. Liability
D. claims payment -Correct Answer: C. Liability
A personal automobile policy's medical payments coverage will pay for
A. damage to the insured's car caused by a collision with another car
B. intentional injuries to a passenger caused by the insured
C. injury to a family member who is struck by the insured's car
, D. Damage to the insured's garage caused by the insured's car -Correct Answer:
C. injury to a family member who is struck by the insured's car
A restaurant has clogged heating and cooling ducts. This an example of
A. Risk
B. Hazard
C. exclusion
D. Peril -Correct Answer: B. Hazard
After an insurance producer license is issued, a licensee MUST complete how many hours
approved continuing education courses every two years?
A.15
B. 10 C.24
D.59 -Correct Answer: c.24
after an insurer receives a satisfactory proof of loss from an insured on a fire loss, payment is due
within a MAX of how many days?
A.5
B. 30 C.60
D.90 -Correct Answer: A.5
All of the following are an insured's duties after a property loss EXCEPT
A. provide proof loss info
B. cooperate with the insurer
C. vacate the property promptly
D. Provide prompt notice of the claim -Correct Answer: C. vacate the property promptly
All of the following are insured contract under the commercial general Liability (CGL) policy
EXCEPT
A. lease of business equipment
B. elevator maintenance agreement
C. agreement to indemnify a municipality
D railroad sidetrack agreement -Correct Answer: A. lease of business equipment
ALL of the following items contained in a basement are covered under the standard flood ins
policy EXCEPT;
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