Extended coverage perils - Study guides, Class notes & Summaries
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20-44 Personal Lines Agent PreXam Flashcards ALL SETS Questions and Answers 100% Pass
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20-44 Personal Lines Agent PreXam Flashcards ALL 
SETS Questions and Answers 100% Pass 
the cost to replace an item or property at the time of loss, minus depreciation - Correct 
Answer ️️ -Actual Cash Value (ACV) 
a type of policy limit which limits coverage to a specified total amount for all losses 
occuring w/in the policy period - Correct Answer ️️ -Aggregate Limit 
conviction of a 3rd degree felony, liability for all unpaid claims, suspencion or revocation 
of all insurance license...
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IDAHO PROPERTY & CASUALTY EXAM PREP QUESTIONS WITH 100% CORRECT ANSWERS
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Which of the following statements is false with respect to requirements for rates? 
A) Rates may not be inadequate 
B) A purpose of the rate regulation is to diminish competition between insurers 
C) Rates may not be unfairly discriminatory 
D) A purpose of the rate regulation is to regulate cooperative action among insurers 
B 
 
 
 
The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the following basis? 
 
A) Modified Perils 
B) Simplified Perils 
C) Br...
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California Property and Casualty Insurance Test Questions and Answers Rated A
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California Property and Casualty Insurance Test Questions and Answers Rated A 
The term "Time element Coverage" is used when the amount of loss depends on what? 
The time it takes to repair, rebuild, or restore damaged property. The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or rest...
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Test take 2 The Texas Property and Casualty Insurance Guaranty Association pays covered claims against which of the following? A Denied Workers' Compensation claims B Labor associations C Insolvent insurers D Unauthorized insurance companies (100% corr
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The Texas Property and Casualty Insurance Guaranty Association pays covered claims against which of the following? 
 
A 
Denied Workers' Compensation claims 
 
B 
Labor associations 
 
C 
Insolvent insurers 
 
D 
Unauthorized insurance companies correct answers c 
 
The supplemental tail requires an annual premium 
 
B 
The basic extended reporting period allows a claim to be reported after the policy period for a specified number of days 
 
C 
The basic extended reporting period does not incre...
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Wisconsin Property and Casualty Insurance - Exam Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
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Binder - Temporary insurance 
Usually given by the agent—verbal or in writing 
Can be canceled by the company 
Does not guarantee a policy will be issued 
Automatically ends if a policy is issued by the underwriter 
Assigned risk plans - A plan through which people can buy insurance if they are unable to 
purchase insurance in the regular or voluntary market, because of their high risk or other factors. 
An insurer who terminates an appointment, employment, or other relationship of an agent mu...
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Iowa Personal Lines Final Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed Success
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DP-1 - Basic Form Dwelling Policy: Provides coverage on a named peril basis. 
DP-1 - Losses are paid actual cash value 
Extended Coverage Perils - W.C. SHAVVER: Wind, Civil Commotion, Smoke, Hail, 
Aircraft, Vehicles, Volcanic Eruption, Explosion, and Riot 
DP-2 - Broad Form Dwelling Policy: Provides replacement cost coverage on dwellings & 
buildings on a "named peril" basis, contents are actual cash value 
Uninsurable (excluded) losses - Under the open- peril insuring agreement include damag...
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Auto Claims Adjusting || with 100% Correct Answers.
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HO-2 correct answers "Broad" Named-peril form; covers the insureds house and personal property. 
 
HO-4 correct answers "Contents Broad Form" Named Peril Form; Renters insurance; covers personal property but not house and other structures. 
 
HO-6 correct answers "Unit Owners form" Named Peril Form; Condo Form; Covers owner's belongings and all finished surfaces of the individual condominium unit. 
 
HO-8 correct answers "Modified Coverage Form" Named Peril Form; Covers property at ACV,...
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Idaho Property & Casualty Exam Prep final questions and answers
- Exam (elaborations) • 35 pages • 2023
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Idaho Property & Casualty Exam Prep final questions and answers 
 
 
Which of the following statements is false with respect to requirements for rates? 
A) Rates may not be inadequate 
B) A purpose of the rate regulation is to diminish competition between insurers 
C) Rates may not be unfairly discriminatory 
D) A purpose of the rate regulation is to regulate cooperative action among insurers - B 
The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the f...
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Texas All Lines Adjuster Exam Study Guide Questions and Correct Answers 2024
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DP - valuation - DP-1 - ACV building & contents 
DP-2/3 - RCV building & ACV contents 
DP - limit for fair rental value - 20% of A 
DP - coverages (A-E) - 
A - dwelling 
B - other structures 
C - personal property 
D - fair rental value 
E - additional living expense 
DP - limit for additional living expenses - DP-1 - NONE 
DP-2/3 - 20% of A 
DP - Property removed is covered for ___ days. - DP-1 - 5 days 
DP-2 - 30 days 
DP - limit for trees/plants/shrubs - 5% of A 
$500 per tree/shrub/plant 
DP...
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SC Personal Lines exam questions with 100% correct answers
- Exam (elaborations) • 11 pages • 2024
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6 loss valuation methods 
actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value 
 
 
 
waiver & estoppel 
a person has given up a known or legal right 
 
 
 
 
Brainpower 
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4 components of a legal contract 
agreement, consideration, competent parties, legal purpose 
 
 
 
6 classes of insurers 
authorized(admitted), unauthorized(n...
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