Nevada Property and Casualty PRACTICE EXAM Part 2 2023/24 (A+ GUARANTEED)

The removal coverage that is included in the broad form dwelling policy will cover property temporarily removed from the premises to protect it from damage for how long? a) 5 days b) 15 days c) 30 days d) 60 days correct answers c) 30 days The commercial property declarations page contains which of the following information? a) Interline endorsements b) Cause of loss forms c) Description of the property insured d) Common policy conditions correct answers c) Description of the property insured Which policy consists of the declarations and conditions, endorsements, and other attachments applicable to a single line of insurance? a) Monoline b) Insurance c) Casualty d) Commercial package correct answers a) Monoline An insured is involved in an auto accident in another state. The state has a financial responsibility law that specifies limits of liability higher than the limits shown in the declarations. What amount will the insured's policy pay? a) Only the limits specified in the policy b) Higher limits c) Lower limits d) The insurer will not pay for out-of-state accidents correct answers b) Higher limits When a disagreement occurs as to how to settle a loss in a "fender bender" between two cars, what procedure is followed? a) The adjuster's first opinion must be accepted b) Arbitration through the court c) A lawsuit is filed d) Appeal to the DOI correct answers b) Arbitration through the court The common policy condition is a modular part combined with other parts to create the contract. The common policy condition section contains provisions that are applicable to all lines of