11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
Pearson VUE: Casualty Insurance Practice
Exam|2024-2025 newest|COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
|FREQUENTLY MOST TESTED| (100% accurate
solutions)|ALREADY GRADED A+
Terms in this set (60)
An insured may cancel a C
Personal Auto Policy by
taking which of the
following actions?
A. Paying the insurance
company any past due
premiums
B. Waiting until the policy
expiration date
C. Giving written notice
to the insurance
company
D. Informing the
producer by telephone
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 1/38
,11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
In insurance, which of the B
following terms refers to
continuous or repeated
exposure to conditions
that may result in bodily
injury or damage neither
expected nor intended?
A. An accident
B. An occurrence
C. An event
D. A condition
Which of the following D
vehicles is considered a
temporary substitute
auto under a Personal
Auto policy?
A. A neighbor's pickup
truck borrowed by an
insured to run an errand
B. An auto purchased by
an insured to replace a
previously owned vehicle
C. An auto rented by an
insured when the insured
is on vacation
D. An auto rented by an
insured when the
insured's car is in a
garage for repairs
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 2/38
,11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
An insurance binder is D
best described as:
A. a large bound volume
of rules, rates, and forms
B. a rate manual supplied
by one of the rating
organizations
C. a temporary
agreement to pay a claim
pending final settlement
D. temporary short-term
evidence of coverage
Anything that increases B
the chance of loss is
known as a(n):
A. risk
B. hazard
C. direct loss
D. indirect loss
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 3/38
, 11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
The Fair Credit Reporting D
Act requires the:
A. insurance company to
review the applicant's
credit history prior to
underwriting a policy
B. insurance producer to
summarize a policy for
the insured
C. insurance producer to
review the applicant's
credit history prior to
issuing a policy
D. insurance company to
inform the applicant a
credit report may be
obtained
The limits of liability are C
found in which of the
following sections of a
casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 4/38
Pearson VUE: Casualty Insurance Practice
Exam|2024-2025 newest|COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
|FREQUENTLY MOST TESTED| (100% accurate
solutions)|ALREADY GRADED A+
Terms in this set (60)
An insured may cancel a C
Personal Auto Policy by
taking which of the
following actions?
A. Paying the insurance
company any past due
premiums
B. Waiting until the policy
expiration date
C. Giving written notice
to the insurance
company
D. Informing the
producer by telephone
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 1/38
,11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
In insurance, which of the B
following terms refers to
continuous or repeated
exposure to conditions
that may result in bodily
injury or damage neither
expected nor intended?
A. An accident
B. An occurrence
C. An event
D. A condition
Which of the following D
vehicles is considered a
temporary substitute
auto under a Personal
Auto policy?
A. A neighbor's pickup
truck borrowed by an
insured to run an errand
B. An auto purchased by
an insured to replace a
previously owned vehicle
C. An auto rented by an
insured when the insured
is on vacation
D. An auto rented by an
insured when the
insured's car is in a
garage for repairs
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 2/38
,11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
An insurance binder is D
best described as:
A. a large bound volume
of rules, rates, and forms
B. a rate manual supplied
by one of the rating
organizations
C. a temporary
agreement to pay a claim
pending final settlement
D. temporary short-term
evidence of coverage
Anything that increases B
the chance of loss is
known as a(n):
A. risk
B. hazard
C. direct loss
D. indirect loss
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 3/38
, 11/5/24, 9:08 AM Pearson VUE: Casualty Insurance Practice Exam|2024-2025 newest|COMPREHENSIVE QUESTIONS AND VERIFIED ANSW…
The Fair Credit Reporting D
Act requires the:
A. insurance company to
review the applicant's
credit history prior to
underwriting a policy
B. insurance producer to
summarize a policy for
the insured
C. insurance producer to
review the applicant's
credit history prior to
issuing a policy
D. insurance company to
inform the applicant a
credit report may be
obtained
The limits of liability are C
found in which of the
following sections of a
casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions
https://quizlet.com/966935067/pearson-vue-casualty-insurance-practice-exam2024-2025-newestcomprehensive-questions-and-verified-answers… 4/38
