TSI Practice test 2 | Actual Questions and Answers Latest
Updated 2026/2027 (Graded A+)
•
Resident Producer License good for?
- ✔✔2 years
•
A business income policy protects a business in the event of a loss from what?
- ✔✔loss of earnings
•
The insurer paying out a claim fulfills which portion of a contract?
- ✔✔consideration
•
Inherent Vice
- ✔✔an item is already broken or has a material defect from the manufacturer.
•
Personal Injury under a commercial general liability policy will include which coverage?
- ✔✔Contractual Liability
•
A nationwide marine policy will not cover?
- ✔✔furniture and fixtures
•
Gramm-Leach-Bliley Act
- ✔✔to ensure uniform privacy procedures when handling consumer data
•
Morale Hazard
- ✔✔careless or negligent person
•
Extra Expense is a portion of which type of business policy?
- ✔✔business income
•
Uninsured Motorist
- ✔✔protection against hit-and-run drivers or drivers without insurance money to pay claims
•
Arbitration is:
- ✔✔mediation
Updated 2026/2027 (Graded A+)
•
Resident Producer License good for?
- ✔✔2 years
•
A business income policy protects a business in the event of a loss from what?
- ✔✔loss of earnings
•
The insurer paying out a claim fulfills which portion of a contract?
- ✔✔consideration
•
Inherent Vice
- ✔✔an item is already broken or has a material defect from the manufacturer.
•
Personal Injury under a commercial general liability policy will include which coverage?
- ✔✔Contractual Liability
•
A nationwide marine policy will not cover?
- ✔✔furniture and fixtures
•
Gramm-Leach-Bliley Act
- ✔✔to ensure uniform privacy procedures when handling consumer data
•
Morale Hazard
- ✔✔careless or negligent person
•
Extra Expense is a portion of which type of business policy?
- ✔✔business income
•
Uninsured Motorist
- ✔✔protection against hit-and-run drivers or drivers without insurance money to pay claims
•
Arbitration is:
- ✔✔mediation
