FUNDAMENTALS OF INSURANCE (Business)
PRACTICE EXAM QUESTIONS CORRECTLY
ANSWERED RATED A.
A Licensee is defined as:
A) One who comes on to the premises for his own purpose but with the
occupiers consent
B) A Person invited onto the land by invitation or for the owners business
(customer)
C) A person who comes onto premises without permission of the occupier
D) None of the above
Verified Answer -A) One who comes on to the premises for his own purpose
but with the occupiers consent
The indirect legal responsibility one person may have for the acts of another
is known as:
A) Indirect care
B) Ordinary care
C) Vicarious liability
,D) Indirect liability
Verified Answer -C) Vicarious liability
The following are examples of which parents are financially responsible for
damages theirs kids cause, pick the exception:
A) Painting exterior or dwelling
B) Cutting the lawn
C) Removing snow
D) Playing at school
Verified Answer -D) Playing at school
Insurance offers coverage for which type of damages?
A) Punitive Damages
B) Exemplary Damages
C) Compensatory Damages
,D) All of the above
Verified Answer -C) Compensatory Damages
Bodily injury is considered as:
A) Physical injury sustained and associated with external causes
B) Sickness or disease
C) injury resulting in death
D) all of the above
Verified Answer -D) all of the above
Unintentional damage to the property of others is considered:
A) Bodily Injury
B) Property Damage
C) Damages
D) Punitive damages
Verified Answer -B) Property Damage
, You can purchase an additional agreement called "Supplementary
Payments" which provides coverage for:
A) Cost of Defence
B) Court Costs
C) Additional expenses incurred when requesting assistance in investigation
D) all of the above
Verified Answer -D) all of the above
MATCHING:
A) Coverage E - ______________________________________
B) Coverage F - ______________________________________
C) Coverage G -______________________________________
D) Coverage H -______________________________________
1. Voluntary medical payments
PRACTICE EXAM QUESTIONS CORRECTLY
ANSWERED RATED A.
A Licensee is defined as:
A) One who comes on to the premises for his own purpose but with the
occupiers consent
B) A Person invited onto the land by invitation or for the owners business
(customer)
C) A person who comes onto premises without permission of the occupier
D) None of the above
Verified Answer -A) One who comes on to the premises for his own purpose
but with the occupiers consent
The indirect legal responsibility one person may have for the acts of another
is known as:
A) Indirect care
B) Ordinary care
C) Vicarious liability
,D) Indirect liability
Verified Answer -C) Vicarious liability
The following are examples of which parents are financially responsible for
damages theirs kids cause, pick the exception:
A) Painting exterior or dwelling
B) Cutting the lawn
C) Removing snow
D) Playing at school
Verified Answer -D) Playing at school
Insurance offers coverage for which type of damages?
A) Punitive Damages
B) Exemplary Damages
C) Compensatory Damages
,D) All of the above
Verified Answer -C) Compensatory Damages
Bodily injury is considered as:
A) Physical injury sustained and associated with external causes
B) Sickness or disease
C) injury resulting in death
D) all of the above
Verified Answer -D) all of the above
Unintentional damage to the property of others is considered:
A) Bodily Injury
B) Property Damage
C) Damages
D) Punitive damages
Verified Answer -B) Property Damage
, You can purchase an additional agreement called "Supplementary
Payments" which provides coverage for:
A) Cost of Defence
B) Court Costs
C) Additional expenses incurred when requesting assistance in investigation
D) all of the above
Verified Answer -D) all of the above
MATCHING:
A) Coverage E - ______________________________________
B) Coverage F - ______________________________________
C) Coverage G -______________________________________
D) Coverage H -______________________________________
1. Voluntary medical payments
