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Fred Loya Limited Lines State Test with Questions & 100% Correct Answers
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Fred Loya Limited Lines State Test with Questions & 100% Correct Answers
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Fred Loya Limited Lines State Test withQuestions & 100% Correct Answers
Which of the following is most likely to be eligible for the CA fair plan?
-an insured with a very bad driving record
-a poorly maintained dwelling with faulty wiring
-an insured who has had a driver's license for less than two years
-a well maintained dwelling located in a hazardous brush area - ✔A well-maintained
dwelling located in a hazardous brush area
Mitchell's (unendorsed) personal auto policy liability coverage would pay for: - ✔The cost of
repairing the neighbor's fence that Mitchell damaged due to the negligent operation of his car
All of the following are principal rating factors under proposition 103 for PAP, EXCEPT:
-years of driving experience
-annual miles driven
-driver's safety record
-numbers of listed drivers - ✔numbers of listed drivers
,Which of the following persons is NOT an insured under section 1 of homeowner's policy?
-the named insured
-the named insured's (resident) spouse
-the names insured's 25 year old nephew
-the named insured's (non-resident) spouse - ✔The named insured's (non-resident) spouse.
An umbrella policy: - ✔provides broad excess liability coverage over one or more
primary policies
All of the following expenses are covered in addition to the limits of liability under Coverage A
of PAP, EXCEPT:
-pre-judgement interest
-premium for appeal bonds
-loss of earnings to attend trails at the company's request
-cost of bail bonds related to a covered accident - ✔pre-judgment interest
Carmen is driving her own car on behalf of her employer. Carmen's negligent operation of her
car injures members of the public. The employers may be held liable because of what is called: -
✔Vicarious liability
Which of the following perils is insured against in the special form but not in the basic form?
-fire
-lightening
-internal explosion
-collaspe - ✔Collapse
, Which of the following types of policies pays for bodily injury or property damage which
occurs or is discovered during the policy period?
-pollution liability
-claims made commercial liability policy
-auto liability policy
-occurrence general liability policy - ✔claims made commercial liability policy
If an armored car carrying an insured's bank deposit is robbed, what insurance would the
insured need to be covered? - ✔outside the premises-theft or money and securities
Under the liability portion of an unendorsed PAP what coverage is available if the named
insured is operating a company car on a regular basis? - ✔the policy excludes this
usage
A possibility of financial loss resulting from the ownership of property is known as:
-insurable interest
-valuation
-indemnity
-legal liability - ✔insurable interest
Self-funding of employee benefit plans CANNOT be used for:
-short-term disability benefits
-death benefits
-hospital benefits
-health benefits - ✔death benefits
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