PC Practice Exam with perfect answers 2024

Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT correct answersdisability Which of the following describes why the insuring agreement is the heart of an insurance policy? correct answersit describes property covered and perils insured The description of the insured will be found in which part of an insurance policy? correct answersdefinitions A contract that is against public policy is not enforceable according to which contract characteristic? correct answerslegal purpose Which of the following terms applies to a policy that pays first when two policies cover the same property? correct answersprimary What does an application for insurance contractually represent for the insured? correct answersan offer The policy conditions as well as state laws permit the insurance company to cancel or rescind a policy when any of the following exist EXCEPT correct answersrepresentations The Terrorism Risk Insurance Act and the National Flood Insurance Program are similar by providing which of the following? correct answerssubsides, loss sharing or excess coverage