PSI Personal Lines Insurance Exam Questions
with Correct Answers Pass the Exam, 100%
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Terms in this set (34)
All of the following are reasons a the company cannot afford to insure its risks.
company would decide to self-
insure EXCEPT
All of the following are correct for they offer better contracts at lower rates.
excess lines carriers EXCEPT
Forgery or alteration coverage pays instruments made by or drawn upon an
for losses from forgery or alteration employee's account.
of all the following EXCEPT
, The Terrorism Risk Insurance Act subsidies, loss sharing or excess coverage
and the National Flood Insurance
Program are similar by providing
which of the following?
The Fair Credit Reporting Act The applicant is seeking a transaction greater
permits consumer reporting than $150,000.
agencies to include applicant
information about bankruptcies
MORE than 10 years old under
which of the following
circumstances?
Which of the following ways did the It prohibited anyone in insurance convicted on a
Violent Crime Control and Law state or federal felony involving dishonesty or
Enforcement Act expand federal breach of trust without a consent waiver from the
laws? Commissioner.
How many business days does a 10
business have to honor a requested
email opt-out according to the
2003 CAN-SPAM Act
The Gramm-Leach-Bliley Act was financial institutions must have a privacy policy in
enacted to protect consumer's right place
to privacy and made mandatory
which of the following?
Which of the following is TRUE Coverage is triggered for smoke damage to
when the insured's limits of siding caused by repeated acts by insured's
insurance apply per occurrence? neighbor.
All of the following are TRUE All of the following are TRUE regarding identity
regarding identity theft EXCEPT theft EXCEPT
with Correct Answers Pass the Exam, 100%
Verified () Graded A+
Save
Terms in this set (34)
All of the following are reasons a the company cannot afford to insure its risks.
company would decide to self-
insure EXCEPT
All of the following are correct for they offer better contracts at lower rates.
excess lines carriers EXCEPT
Forgery or alteration coverage pays instruments made by or drawn upon an
for losses from forgery or alteration employee's account.
of all the following EXCEPT
, The Terrorism Risk Insurance Act subsidies, loss sharing or excess coverage
and the National Flood Insurance
Program are similar by providing
which of the following?
The Fair Credit Reporting Act The applicant is seeking a transaction greater
permits consumer reporting than $150,000.
agencies to include applicant
information about bankruptcies
MORE than 10 years old under
which of the following
circumstances?
Which of the following ways did the It prohibited anyone in insurance convicted on a
Violent Crime Control and Law state or federal felony involving dishonesty or
Enforcement Act expand federal breach of trust without a consent waiver from the
laws? Commissioner.
How many business days does a 10
business have to honor a requested
email opt-out according to the
2003 CAN-SPAM Act
The Gramm-Leach-Bliley Act was financial institutions must have a privacy policy in
enacted to protect consumer's right place
to privacy and made mandatory
which of the following?
Which of the following is TRUE Coverage is triggered for smoke damage to
when the insured's limits of siding caused by repeated acts by insured's
insurance apply per occurrence? neighbor.
All of the following are TRUE All of the following are TRUE regarding identity
regarding identity theft EXCEPT theft EXCEPT
