Property and Casualty Practice PSI
Exam Questions and Correct Answers
Graded A+ Guaranteed Verified by
Experts
1. Employees are barred from suing employers in court to obtain
compensation for injuries covered by workers' compensation because
of which of the following doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance: Exclusive Remedy
2. Which of the following would trigger coverage under business
income form with extra expense coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
-Building inspectors fees after a loss
-Unit rent when tenant is liable: Carpet Cleaning after a water main break
,3. All of the following would be considered an insured person
under Part A of a personal automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that
they share liability with the insured person.
-Anyone using the insured's car with the insured's permission or the
reason-able belief that they are entitled to do so.
-The named insured and members of the insured's family for the
ownership, maintenance and use of any auto or trailer.
-Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that
person or organization.: Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that person or organization.
4. A DP-2 policy covers all of the following EXCEPT:
-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
-accidental discharge of steam from a plumbing system.: damage to
awnings from weight and snow
5. An extended reporting period attached to a general liability policy
provides coverage in which of the following ways?
,-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms.: It
provides coverage for claims made outside the policy term.
6. Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
-Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims:
Installing a fire hose system on every floor of a building
7. Which of the following persons is covered for accidental
injury on the insured's premises under the commercial general
liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker: a volunteer worker
8. Which Homeowner Form covers fixtures, installations, and
, improvements made or acquired at the insured's expense?
HO-
6
HO-
5
HO-
4
HO-2: HO-4
9. Which policy condition is invoked when parties to an insured
loss cannot agree?
-Arbitration
-Assignment
-Liberalization
-Subrogation: Arbitration
10. Mobile homes can be insured in all of the following ways
EXCEPT:
-With a HO-8 Modified Coverage form.
-On a separate mobile homeowners package policy.
-With a DP-1 if the mobile home is on a foundation.
-On a mobile homeowners endorsement to a HO-3 form.: With a HO-8
Exam Questions and Correct Answers
Graded A+ Guaranteed Verified by
Experts
1. Employees are barred from suing employers in court to obtain
compensation for injuries covered by workers' compensation because
of which of the following doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance: Exclusive Remedy
2. Which of the following would trigger coverage under business
income form with extra expense coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
-Building inspectors fees after a loss
-Unit rent when tenant is liable: Carpet Cleaning after a water main break
,3. All of the following would be considered an insured person
under Part A of a personal automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that
they share liability with the insured person.
-Anyone using the insured's car with the insured's permission or the
reason-able belief that they are entitled to do so.
-The named insured and members of the insured's family for the
ownership, maintenance and use of any auto or trailer.
-Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that
person or organization.: Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that person or organization.
4. A DP-2 policy covers all of the following EXCEPT:
-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
-accidental discharge of steam from a plumbing system.: damage to
awnings from weight and snow
5. An extended reporting period attached to a general liability policy
provides coverage in which of the following ways?
,-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms.: It
provides coverage for claims made outside the policy term.
6. Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
-Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims:
Installing a fire hose system on every floor of a building
7. Which of the following persons is covered for accidental
injury on the insured's premises under the commercial general
liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker: a volunteer worker
8. Which Homeowner Form covers fixtures, installations, and
, improvements made or acquired at the insured's expense?
HO-
6
HO-
5
HO-
4
HO-2: HO-4
9. Which policy condition is invoked when parties to an insured
loss cannot agree?
-Arbitration
-Assignment
-Liberalization
-Subrogation: Arbitration
10. Mobile homes can be insured in all of the following ways
EXCEPT:
-With a HO-8 Modified Coverage form.
-On a separate mobile homeowners package policy.
-With a DP-1 if the mobile home is on a foundation.
-On a mobile homeowners endorsement to a HO-3 form.: With a HO-8
