Pennsylvania Public Adjuster Examination--Series 16-19 Set 2 Latest Update Graded A+

Pennsylvania Public Adjuster Examination--Series 16-19 Set 2 Latest Update Graded A+ The program trigger in 2016 under the Terrorism Risk Insurance Act covered property and casualty losses that exceeded ______ in the aggregate. In 2017, the program will cover losses that exceed _____ in the aggregate. A. $120 million,/ $140 million B. $100 million / $120 million C. $140 million / $160 million D. $90 million / $100 million A. The Act covers losses from a certified terrorism act that exceed $120,000,000 (the trigger) in the aggregate for 2016. The Act has was further amended and extended. The trigger remains the same, but will increase each year by $20 million starting in 2016. Please refer to your testing vendor outline to determine if it is testing on the previous amendment or if it is testing on the 2015 extension of the Act. Aircraft hull insurance will provide coverage for which of the following? A. Damage to or loss of the aircraft hull, fuselage, and personal injury caused. B. Damage to or loss of the aircraft hull or fuselage. C. Damage to or loss of the aircraft hull, fuselage, and medical payments. D. Damage to or loss of the aircraft hull, fuselage, and property damage to others. B. Aircraft hull insurance indemnifies the policyholder for damage to or loss of the aircraft hull or fuselage. These policies are similar to auto policies in terms of coverage's offered. Coverage E under the farm forms covers which of the following? A. Unscheduled personal property B. Scheduled personal property C. Scheduled real property coverage D. Blanket real property coverage B. Coverage E covers scheduled farm personal property. Each item to be covered is listed and an amount of insurance is stated. All licensees are required to notify the insurance department of any change in address within ____ of such change. A. 10 days B. 45 days C. 30 days D. 6 months C. The licensee must advise the insurance department within 30 days of the change. The limit under the ISO Standardized Homeowners policy, the additional coverage for "credit card, electronic fund transfer card or access device, forgery and counterfeit money" is: A. $250 B. $500 C. $1,000 D. $1,500 B. The standardized ISO Homeowners policies provide $500 of additional coverage for "credit card, electronic fund transfer card or access device, forgery and counterfeit money". Some states' statutory forms may increase this coverage, but you are required to know the limits of coverage for both standardized and statutory forms for your state licensing exam. Which section of the Commercial Package Policy varies based on the lines of coverage included? A. Coverage Part. B. Common Policy Conditions. C. Common Policy Declarations. D. None of the responses listed are correct. A. Each line of insurance that is eligible for the Commercial Package Policy has its own coverage part consisting of a variety of mandatory and optional forms that are used to provide the coverage desired.