PERSONAL LINES FINAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS
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Terms in this set (100)
What part of the policy lists the rules, C) Conditions
duties, and obligations of the insured
and insurer?
A) Declarations Page
B) Insuring Agreement
C) conditions
D) exclusions
The directive that states the violation D) cease and desist order
committed and requires an agent to
stop the illegal acitivity is called:
A) show cause order
B) subpoena
C) tort
D) cease and desist order
,Extended Coverage (EC) include all D) vandalism
of the following perils, EXCEPT:
A) wind
B) riot
C) smoke
D) vandalism
A device which is used to minimize Deductible
small nuisance claims, lower
insurance premiums, and reduce
morale hazards is called:
A) arbitration
B) deductible
C) valued policy
D) coinsurance
All of the following perils are A) Inherent vice
covered, in a PERSONAL ARTICLES
FLOATER (PAF), EXCEPT:
A) inherent vice
B) flood
C) Earthquake
D) theft
The policyholder has a liability of B) $300,000
$300,000 and caused an accident
injuring one person in the amount of
$250,000 and another person in the
amount of $150,000. What limit of
coverage applies to the loss?
A) $150,000
B) $300,000
C) $250,000
D) $400,000
, Eligible vehicles are described in the D) a truck used to make deliveries
Personal Auto Policy. Which of the
following vehicles is NOT eligible?
A) A newly acquired sedan
B) an owned SUV
C) A van used as a temporary
substitute
D) a truck used to make deliveries
What is the deductible in an B) $200
UNINSURED MOTORIST CLAIM?
A) $100
B) $200
C) $250
D) $500
In order for an insurer to meet their A) At the time the loss occurs
obligation to an insured, "insurable
interest" must exist:
A) At the time the loss occurs
B) At the time the application is made
for the insurance
C) At the time of application or at the
time of loss
D) at the time of application and at
the time of loss
A customer's response to a question D) Representation
to the best of their knowledge or
belief is called:
A) warranty
B) Material fact
C) Misrepresentation
D) Representation
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (100)
What part of the policy lists the rules, C) Conditions
duties, and obligations of the insured
and insurer?
A) Declarations Page
B) Insuring Agreement
C) conditions
D) exclusions
The directive that states the violation D) cease and desist order
committed and requires an agent to
stop the illegal acitivity is called:
A) show cause order
B) subpoena
C) tort
D) cease and desist order
,Extended Coverage (EC) include all D) vandalism
of the following perils, EXCEPT:
A) wind
B) riot
C) smoke
D) vandalism
A device which is used to minimize Deductible
small nuisance claims, lower
insurance premiums, and reduce
morale hazards is called:
A) arbitration
B) deductible
C) valued policy
D) coinsurance
All of the following perils are A) Inherent vice
covered, in a PERSONAL ARTICLES
FLOATER (PAF), EXCEPT:
A) inherent vice
B) flood
C) Earthquake
D) theft
The policyholder has a liability of B) $300,000
$300,000 and caused an accident
injuring one person in the amount of
$250,000 and another person in the
amount of $150,000. What limit of
coverage applies to the loss?
A) $150,000
B) $300,000
C) $250,000
D) $400,000
, Eligible vehicles are described in the D) a truck used to make deliveries
Personal Auto Policy. Which of the
following vehicles is NOT eligible?
A) A newly acquired sedan
B) an owned SUV
C) A van used as a temporary
substitute
D) a truck used to make deliveries
What is the deductible in an B) $200
UNINSURED MOTORIST CLAIM?
A) $100
B) $200
C) $250
D) $500
In order for an insurer to meet their A) At the time the loss occurs
obligation to an insured, "insurable
interest" must exist:
A) At the time the loss occurs
B) At the time the application is made
for the insurance
C) At the time of application or at the
time of loss
D) at the time of application and at
the time of loss
A customer's response to a question D) Representation
to the best of their knowledge or
belief is called:
A) warranty
B) Material fact
C) Misrepresentation
D) Representation
