Quiz_________________?
. Dentures
2. Eyeglasses
3. Hearing aids
4. All of the above* -
ANSWER✅
Under Workers Compensation provisions, the employer is liable for work related damage
to which of the following?
Quiz_________________?
$175,000 -
ANSWER✅
A policyholder has an equipment breakdown policy with a $200,000 limit. If a boiler
explosion causes $100,000 damage to the boiler itself, $50,000 damage to the insured's
building, and $30,000 of expediting expenses, how much will the insured collect under the
policy?
Quiz_________________?
1
, $175,000 -
ANSWER✅
A policyholder has an equipment breakdown policy with a $200,000 limit. If a boiler
explosion causes $100,000 damage to the boiler itself, $50,000 damage to the insured's
building, and $30,000 of expediting expenses, how much will the insured collect under the
policy?
Quiz_________________?
$2,500 -
ANSWER✅
What is the maximum penalty for habitual willful noncompliance with the Fair Credit
Reporting Act?
Quiz_________________?
$25,000 -
ANSWER✅
Andy the producer violates the Insurance Code very intentionally, in order to substantially
increase his commissions. How much would he likely be penalized?
Quiz_________________?
$250. -
ANSWER✅
Uninsured Motorist property damage coverage is subject to a deductible of
Quiz_________________?
$3,000 -
2
, ANSWER✅
A grave marker was damaged by vandals. It would cost $3,000 to have the damage repaired.
Under these circumstances, how much would a homeowners policy pay?
Quiz_________________?
$30,000 -
ANSWER✅
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that
caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can
the owner collect for his loss?
Quiz_________________?
$30,000 -
ANSWER✅
An insured's building has an actual cash value of $200,000, and he has insured the property
for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the
policy pay?
Quiz_________________?
$5,000 -
ANSWER✅
In the computer fraud crime coverage form, what limit is placed on each occurrence of the
loss of manuscripts, drawings, or records?
Quiz_________________?
$50,000 -
3
, ANSWER✅
Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by
Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver
B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his
Part C: UM/UIM coverage pay?
Quiz_________________?
$500 -
ANSWER✅
Under Coverage C of a farm policy, what is the limit payable on business property located
away from the premises?
Quiz_________________?
1. Commercial structures.
2. Cooperative associations.
3. Apartment buildings.
4. Any of the above would be covered under this form.* -
ANSWER✅
The general property policy form is used for other-residential and non-residential structures
and their contents such as
Quiz_________________?
1. Reject the coverage.
2. Select a lower limit of coverage.
3. Select economic-only coverage.
4. Any of the above.** -
ANSWER✅
4