Dp 2 ans broad form - Study guides, Class notes & Summaries

LICENSING EXAM- PA Property & Casualty Q&A 2023 Already PASSED An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. *ANS* an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. *ANS* Neglect exclusion Which Home Owne...

INSURANCE EXAM 1: Property and Casualty Questions and Answers 2023 Already Passed 100% Which of the following are the authorities that an agent can hold? *ANS* Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? *ANS* Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? *ANS* Temporary worker The major portion of the premium of an equipment breakdown policy ...

Exam Fx-Property and Casualty Graded 100% To be considered an insurable risk, a loss may NOT be *ANS* catastrophic Which of the following persons would be required to hold a producer license? *ANS* a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? *ANS* ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? *ANS* the difference in the actual...

Revision Package- Property And Casualty Exam (150 Questions) Solved 100% The Commercial Property policy applies a limit of what dollar amount for business personal property temporarily away from the premises? -ANS- $10,000 What is the name of the organization created to provide auto insurance to individuals who have been unable to obtain it through the private market? -ANS- The Connecticut Automobile Insurance Assigned Risk Plan Which term describes the situation when two policies cover...

Exam 2: PROPERTY AND CASUALTY Q&A (Answered) Graded A+ the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit *ANS* true which of the following coverages does an open peril policy provide? *ANS* perils other than those specifically named as being excluded determine the actual cash value in the following situation: original price of office equiptment when purchased 8 ...

Naples Pizza is a successful 10,000 square foot restaurant that generates close to $8 million in gross sales annually. Is this business eligible for a businessowners policy (BOP), and why or why not? No, because its gross sales are too high. No, because restaurants are generally ineligible for a BOP. Yes, because it is a successful business. Yes, because it is less than 35,000 square feet in area. - ANS-No, because its gross sales are too high. While restaurants are generally eligible...