PA Property & Casualty License Practice Exam || with 100% Error-free Answers.

An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. correct answers an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. correct answers Neglect exclusion Which Home Owner's form covers damage to a condo owner's PROPERTY that occurs as the result of any event that is not specifically excluded in the policy. correct answers HO-6 Unit Owner's Form Which Home Owner's form covers damage to a TENANT'S property that occurs as a result of an aircraft, civil commotion, explosion, fire, nail, lightning, smoke, theft, vandalism, vehicles and/or wind. correct answers HO-4 Content's Broad Form Which HO form covers damage to the DWELLING that occurs as the result of any event that is not specifically excluded in the policy and damage to the property inside the dwelling that results of an aircraft, civil commotion, explosion, fire, hail, lightning, smoke, theft, vandalism, vehicles, and/or wind. correct answers HO-3 Special Form Which HO Form covers damage to the DWELLING & PROPERTY inside the dwelling that occurs as an result of any event that is not specifically excluded in the policy. correct answers HO - 5 Comprehensive Form What means conducting business in accordance with current rules and laws set by government regulatory agencies and the courts. correct answers Compliance Standards of conduct and moral judgement. correct answers Ethics Legal term that describes the relationship between parties. correct answers Agency What is the term to describe how an insurer appoints an individual to act on its behalf. correct answers Agency Contract An individual whose position and responsibilities involve a high degree of trust and confidence (trustees, guardians, and executors). correct answers Fiduciary The name for the fact a producer must sell the kind of policies that best fit the prospects needs and in amounts that the prospects can afford. correct answers Needs Selling