AD Banker Property & Casualty Practice Test
Questions With Correct Answers
An |applicant |makes |a |statement |on |the |insurance |application |which |becomes |part |of |the |
contract |that |she |has |an |alarm |system |which |qualifies |her |for |a |premium |discount. |This |
statement |is |considered |a |________. |- |CORRECT |ANSWER✔✔-Warranty
In |an |insurance |contract, |the |value |that |each |party |gives |the |other |is |called |the |
_____________. |- |CORRECT |ANSWER✔✔-Consideration
An |insurer |that |is |authorized |to |do |business |in |a |particular |state |is |said |to |be |________. |- |
CORRECT |ANSWER✔✔-Admitted
Which |part |of |a |property |insurance |policy |describes |the |perils? |- |CORRECT |ANSWER✔✔-
Insuring |Agreement
The |formal |statement |that |verifies |details |so |the |insurer |can |determine |liability |is |called |_ |
_____ |__ |____. |- |CORRECT |ANSWER✔✔-A |Proof |of |Loss
All |of |the |following |are |true |regarding |the |Broad |Theft |Endorsement |on |a |Dwelling |policy, |
except:
A. |It |applies |only |to |owner |occupied |structures
B. |It |may |be |added |to |any |of |the |Dwelling |forms
C. |It |also |includes |vandalism |resulting |from |theft
D. |Only |on-premises |coverage |is |available |- |CORRECT |ANSWER✔✔-Only |on-premises |coverage |
is |available
, Section |II |of |a |Homeowner's |policy |may |cover |which |of |the |following |incidents?
A. |Bodily |injury |caused |by |an |insured's |activities |while |picnicking |at |a |city |park
B. |An |insured's |guest |damages |the |stair |railing |during |a |visit
C. |The |insured |hits |and |injures |a |swimmer |while |enjoying |a |ride |in |an |owned |inboard |
motorboat
D. |The |homeowner's |family |dog |bites |their |2 |year |old |son |- |CORRECT |ANSWER✔✔-Bodily |
injury |caused |by |an |insured's |activities |while |picnicking |at |a |city |park
Medical |payments |under |Section |II |of |the |Homeowners |Policy |would |cover |all |of |the |following,
|except:
A. |Prosthetic |devices
B. |Medical |and |surgical |expenses
C. |Loss |of |Income |of |an |injured |Person
D. |Dental |expenses |- |CORRECT |ANSWER✔✔-Loss |of |Income |of |an |injured |person
Under |the |unendorsed |Homeowners |Policy, |jewelry |is |covered |up |to |what |amount? |- |CORRECT
|ANSWER✔✔-$1,500 |for |loss |by |theft
In |respect |to |Section |II |of |a |Homeowners |Policy, |all |of |the |following |are |true, |except:
A. |Individual |and |family |cemetery |plots |qualify |as |an |insured |location
B. |Bodily |injury |or |property |damage |arising |from |a |vehicle |used |to |assist |the |handicapped, |
such |as |a |wheelchair, |is |covered
C. |Damage |to |Property |of |Others |pays |up |to |$1,000 |per |occurrence
Questions With Correct Answers
An |applicant |makes |a |statement |on |the |insurance |application |which |becomes |part |of |the |
contract |that |she |has |an |alarm |system |which |qualifies |her |for |a |premium |discount. |This |
statement |is |considered |a |________. |- |CORRECT |ANSWER✔✔-Warranty
In |an |insurance |contract, |the |value |that |each |party |gives |the |other |is |called |the |
_____________. |- |CORRECT |ANSWER✔✔-Consideration
An |insurer |that |is |authorized |to |do |business |in |a |particular |state |is |said |to |be |________. |- |
CORRECT |ANSWER✔✔-Admitted
Which |part |of |a |property |insurance |policy |describes |the |perils? |- |CORRECT |ANSWER✔✔-
Insuring |Agreement
The |formal |statement |that |verifies |details |so |the |insurer |can |determine |liability |is |called |_ |
_____ |__ |____. |- |CORRECT |ANSWER✔✔-A |Proof |of |Loss
All |of |the |following |are |true |regarding |the |Broad |Theft |Endorsement |on |a |Dwelling |policy, |
except:
A. |It |applies |only |to |owner |occupied |structures
B. |It |may |be |added |to |any |of |the |Dwelling |forms
C. |It |also |includes |vandalism |resulting |from |theft
D. |Only |on-premises |coverage |is |available |- |CORRECT |ANSWER✔✔-Only |on-premises |coverage |
is |available
, Section |II |of |a |Homeowner's |policy |may |cover |which |of |the |following |incidents?
A. |Bodily |injury |caused |by |an |insured's |activities |while |picnicking |at |a |city |park
B. |An |insured's |guest |damages |the |stair |railing |during |a |visit
C. |The |insured |hits |and |injures |a |swimmer |while |enjoying |a |ride |in |an |owned |inboard |
motorboat
D. |The |homeowner's |family |dog |bites |their |2 |year |old |son |- |CORRECT |ANSWER✔✔-Bodily |
injury |caused |by |an |insured's |activities |while |picnicking |at |a |city |park
Medical |payments |under |Section |II |of |the |Homeowners |Policy |would |cover |all |of |the |following,
|except:
A. |Prosthetic |devices
B. |Medical |and |surgical |expenses
C. |Loss |of |Income |of |an |injured |Person
D. |Dental |expenses |- |CORRECT |ANSWER✔✔-Loss |of |Income |of |an |injured |person
Under |the |unendorsed |Homeowners |Policy, |jewelry |is |covered |up |to |what |amount? |- |CORRECT
|ANSWER✔✔-$1,500 |for |loss |by |theft
In |respect |to |Section |II |of |a |Homeowners |Policy, |all |of |the |following |are |true, |except:
A. |Individual |and |family |cemetery |plots |qualify |as |an |insured |location
B. |Bodily |injury |or |property |damage |arising |from |a |vehicle |used |to |assist |the |handicapped, |
such |as |a |wheelchair, |is |covered
C. |Damage |to |Property |of |Others |pays |up |to |$1,000 |per |occurrence
