PEARSON VUE CASUALTY INSURANCE
PRACTICE REAL EXAM LATEST UPDATED
2026 2027 WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS
ALREADY GRADED A+
An insured may cancel a Personal Auto Policy by taking which of the following actions?
A. Paying the insurance company any past due premiums
B. Waiting until the policy expiration date
C. Giving written notice to the insurance company
D. Informing the producer by telephone
C
,In insurance, which of the following terms refers to continuous or repeated exposure to
conditions that may result in bodily injury or damage neither expected nor intended?
A. An accident
B. An occurrence
C. An event
D. A condition
ANSWER-B
Which of the following vehicles is considered a temporary substitute auto under a Personal
Auto policy?
A. A neighbor's pickup truck borrowed by an insured to run an errand
B. An auto purchased by an insured to replace a previously owned vehicle
C. An auto rented by an insured when the insured is on vacation
D. An auto rented by an insured when the insured's car is in a garage for repairs
ANSWER-D
An insurance binder is best described as:
, A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the rating organizations
C. a temporary agreement to pay a claim pending final settlement
D. temporary short-term evidence of coverage
ANSWER-D
Anything that increases the chance of loss is known as a(n):
A. risk
B. hazard
C. direct loss
D. indirect loss
ANSWER-B
The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's credit history prior to underwriting a policy
PRACTICE REAL EXAM LATEST UPDATED
2026 2027 WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS
ALREADY GRADED A+
An insured may cancel a Personal Auto Policy by taking which of the following actions?
A. Paying the insurance company any past due premiums
B. Waiting until the policy expiration date
C. Giving written notice to the insurance company
D. Informing the producer by telephone
C
,In insurance, which of the following terms refers to continuous or repeated exposure to
conditions that may result in bodily injury or damage neither expected nor intended?
A. An accident
B. An occurrence
C. An event
D. A condition
ANSWER-B
Which of the following vehicles is considered a temporary substitute auto under a Personal
Auto policy?
A. A neighbor's pickup truck borrowed by an insured to run an errand
B. An auto purchased by an insured to replace a previously owned vehicle
C. An auto rented by an insured when the insured is on vacation
D. An auto rented by an insured when the insured's car is in a garage for repairs
ANSWER-D
An insurance binder is best described as:
, A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the rating organizations
C. a temporary agreement to pay a claim pending final settlement
D. temporary short-term evidence of coverage
ANSWER-D
Anything that increases the chance of loss is known as a(n):
A. risk
B. hazard
C. direct loss
D. indirect loss
ANSWER-B
The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's credit history prior to underwriting a policy
