GUARANTEE EXAM (Washington personal lines QUESTIONS WITH CORRECT ANSWERS

GUARANTEE EXAM (Washington personal lines
QUESTIONS WITH CORRECT ANSWERS



under coverage b- cv cv




other structures, a homeowners policy provides coverage for other structures on the reside
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nce premises. which of the following statements is not true of this coverage ? - ans-
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any losses paid under coverage B reduces the coverage A limit of liability
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an insured has an auto policy with limits of 100/300/50 and a deductible of $1,000. He is inv
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olved in an auto accident and crashes into another drivers auto. the other driver is awarded
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125,000 for his injuries and 25,000 for the damage to his car. The insureds vehicle has dam
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age in the amount of 1,200. the total payment made under the insureds policy is - ans-
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$125,200

which of the following perils is NOT covered the DP-2? - ans-damage to pets, birds, or fish
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which of the following would not be eligible for coverage under a personal auto policy ? -
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ans-a vehicle 90 days ago
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producer license are valid from the initial licencing or reinstatement period until - ans-
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the last day of the licenses birth month plus 1 year
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the deducible under earthquake coverage is stated as what ? - ans-Percentage of loss
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which of the following describes an insurers responsibility for payment under a policy, as st
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ated in the common policy provisions? - ans-limits of liability
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the owner of a rental dwelling, insured under a DP-
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2, turns off the heat in the insured dwelling during the winter months because the dwelling is
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not occupied. The buildings water pipes freeze and break, causing damage. how will the po
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licy react to this loss? - ans-The loss is excluded from coverage
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which of the following is NOT one of the separate accounts of the Washington property and
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casualty insurance guaranty association? - ans-mortgage insurance
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homeowners policies consider all of the following insured locations EXCEPT - ans- cv cv cv cv cv cv cv cv cv cv cvcv




a) land owned by the insured on which his new home is under construction
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b) an individual cemetery plot
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c) the hotel ballroom rented by the insured for a family reunion
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, ****D) a strawberry patch owned by the insured ******
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which of the following situations would NOT be an acceptable reason to nonrenew a policy?
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- ans-the insured moves homes before the expiration date
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all of the following are unfair claims settlement practices EXCEPT - ans-
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suggesting negotiations in settling the claim cv cv cv cv cv




An insurance producer just decided to change his email address. How long does he have to
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notify the commissioner of this change? - ans-30 days
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in a liability policy with split limits of 25/50/25, which number is the maximum amount that w
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ould be payable in the event of damage to a persons property? - ans-
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the amount of the third number $25,000
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if an insurer intends to terminate a written agency contract with an independent agent , the i
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nsurer must give how much prior notice? - ans-120 days cv cv cv cv cv cv cv cvcv cv




under coverage B- cv cv




Other Structures, a homeowners policy provides coverage for other structures on the resid
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ence premises. which of the following statements is NOT true of this coverage ? - ans-
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any loss paid under coverage B reduces coverage A limit of liability
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if an auto policy is canceled mid term at the request of the named insured, how soon much t
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he insurer return any unearned premium? - ans-within 30 days
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which valuation method takes into consideration what a willing buyer would pay for an insur
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ed property? - ans-market value
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during the 120 day period after receiving notice of cancellation of an agency contract, the a
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gency can continue to preform which of the following transactions? - ans-
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preform routine adjustments of loss cv cv cv cv




how long must an agent , broker, or adjuster maintain records of transaction under their lice
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nse ? - ans-5 years cv cv cvcv cv




in washington, after an insurance contract goes into effect, it can be cancelled within - ans-
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60 days cv




which of the following statements does NOT describe endorsements ? - ans-
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Endorsements may only add coverage to a current policy, not remove cv cv cv cv cv cv cv cv cv cv




property damage coverage required under state auto laws means physical damage to the i
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nsured vehicle, unless the policy specifically provides coverage for the vehicles contents or
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other forms of property damage. property damage coverage - ans-
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may be rejected the insured cv cv cv cv