Pearson VUE: Casualty Insurance Practice
EXAM (Latest Updates)
Questions & Answers 100% Correct
{Grade A}
Which of the following losses would be covered under an Inside the Premises -
Robbery and Safe Burglary of Other Property Form?
A. Valuable papers kept in a locked safe are destroyed by fire.
B. Cash is stolen from a locked safe that shows no signs of forced entry.
C. Jewelry is stolen from a locked safe that shows no signs of forced entry.
D. Gold bars are stolen from a locked safe that shows signs of forced entry. - correct
answer D
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 - correct answer 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 - correct 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 -
correct 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 - correct answer D
Anything that increases the chance of loss is known as a(n):
A. risk
B. hazard
EXAM (Latest Updates)
Questions & Answers 100% Correct
{Grade A}
Which of the following losses would be covered under an Inside the Premises -
Robbery and Safe Burglary of Other Property Form?
A. Valuable papers kept in a locked safe are destroyed by fire.
B. Cash is stolen from a locked safe that shows no signs of forced entry.
C. Jewelry is stolen from a locked safe that shows no signs of forced entry.
D. Gold bars are stolen from a locked safe that shows signs of forced entry. - correct
answer D
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 - correct answer 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 - correct 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 -
correct 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 - correct answer D
Anything that increases the chance of loss is known as a(n):
A. risk
B. hazard
