PROPERTY AND CASUALTY
INSURANCE FINAL EXAM SCRIPT
COMPLETE QUESTIONS SOLUTIONS
• per occurrence. Answer: For the CGL coverages of bodily injury,
property damage, and medical payments, which of the following limits
of insurance apply if the aggregate limit is NOT met?
• 72 hrs. Answer: A single earthquake constitutes all shocks that occur
within which time period?
• Transfer. Answer: Purchasing boat owners insurance is an example of
what?
• the disappearance of property without any explanation of what
happened. Answer: Mysterious disappearance in insurance refers to
which occurrence?
• Coverage C. Answer: What represents the primary amount of
insurance for the HO-4?
• indemnity. Answer: When an individual with a pre-existing condition
is in an automobile accident and the insurance covers rehabilitation only
to the level of the condition prior to the accident, this is because of
which principle?
, • Vehicle upset. Answer: Which of the following causes of loss to a
vehicle will trigger collision coverage on the personal auto policy Part D
coverage for damage to your auto?
• Arbitration. Answer: Which policy condition is invoked when parties
to an insured loss cannot agree?
• Merchandise while it is being manufactured. Answer: As a general
rule, inland marine insurance covers all of the following EXCEPT...?
• Employer while insured is driving a company car. Answer: All of the
following are considered an insured under Part A liability coverage, of
the personal auto policy EXCEPT...?
• The BOP prepackages a group of coverages desirable to small
businesses. Answer: How does the BOP differ from the CPP?
• Mental Anguish. Answer: All of the Following are considered
compensatory special damages when an insured is found legally liable
for the loss of another EXCEPT...?
• A crew member of an ocean going vessel. Answer: For the purpose of
workers compensation insurance all of the following are subject to the
workers compensation laws, either as an employer or employee
EXCEPT...?
INSURANCE FINAL EXAM SCRIPT
COMPLETE QUESTIONS SOLUTIONS
• per occurrence. Answer: For the CGL coverages of bodily injury,
property damage, and medical payments, which of the following limits
of insurance apply if the aggregate limit is NOT met?
• 72 hrs. Answer: A single earthquake constitutes all shocks that occur
within which time period?
• Transfer. Answer: Purchasing boat owners insurance is an example of
what?
• the disappearance of property without any explanation of what
happened. Answer: Mysterious disappearance in insurance refers to
which occurrence?
• Coverage C. Answer: What represents the primary amount of
insurance for the HO-4?
• indemnity. Answer: When an individual with a pre-existing condition
is in an automobile accident and the insurance covers rehabilitation only
to the level of the condition prior to the accident, this is because of
which principle?
, • Vehicle upset. Answer: Which of the following causes of loss to a
vehicle will trigger collision coverage on the personal auto policy Part D
coverage for damage to your auto?
• Arbitration. Answer: Which policy condition is invoked when parties
to an insured loss cannot agree?
• Merchandise while it is being manufactured. Answer: As a general
rule, inland marine insurance covers all of the following EXCEPT...?
• Employer while insured is driving a company car. Answer: All of the
following are considered an insured under Part A liability coverage, of
the personal auto policy EXCEPT...?
• The BOP prepackages a group of coverages desirable to small
businesses. Answer: How does the BOP differ from the CPP?
• Mental Anguish. Answer: All of the Following are considered
compensatory special damages when an insured is found legally liable
for the loss of another EXCEPT...?
• A crew member of an ocean going vessel. Answer: For the purpose of
workers compensation insurance all of the following are subject to the
workers compensation laws, either as an employer or employee
EXCEPT...?
