Idaho Property & Casualty Exam Prep
UPDATED ACTUAL Questions and
CORRECT Answers
A Businessowners policy would cover which of the following?
A
The insured signed a contract with a competitor agreeing not to advertise in that zip code
B
One of the insured's employees is injured on the job
C
One of the insured's products was recalled due to a mechanical imperfection
D
The insured is sued for injury to a competitor caused by one of their advertisements -
CORRECT ANSWER✔✔- D
A commercial property policy that has been in effect for 60 days or more may be cancelled
only for the following reasons, except:
A
Change in location of the insured's property
B
Fraud or material misrepresentation
C
Substantial change in the risk assumed by the insurer
D
Nonpayment of premium - CORRECT ANSWER✔✔- A
A limited lines producer is authorized to sell all of the following, except:
A
,Mortgage Life
B
Accident and health
C
Travel accident
D
Credit insurance - CORRECT ANSWER✔✔- B
A person wishing to insure a single shipment would be best served by which form?
A
Shipper's Form
B
Trip Transit Form
C
Annual Transit Form
D
Owner's Form - CORRECT ANSWER✔✔- B
All of the following are considered uninsured motor vehicles, except:
A
A vehicle that is being used as a residence
B
A hit and run vehicle
C
A vehicle to which the insuring company becomes insolvent
D
A vehicle to which no liability policy applies - CORRECT ANSWER✔✔- A
,All of the following are covered perils under the Extended Coverage Endorsement to the DP-
1, except:
A
Vehicles
B
Weight of ice, snow or sleet
C
Windstorm
D
Volcanic eruption - CORRECT ANSWER✔✔- B
All of the following are false about Damage to Your Auto, except:
A
Coverage includes the cost to repair previous damage if required to fix new damage
B
In the event of total loss, adjustment will be made for the physical condition of the vehicle
C
The sales tax on a replacement vehicle is not covered
D
The Limit of Liability is the greater of the vehicles actual cash value or the cost to repair -
CORRECT ANSWER✔✔- B
All of the following are Optional Coverages under the Businessowners Policy, except:
A
Money and securities
B
Employee dishonesty
C
Outdoor signs
D
, Personal property of others that is in the insured's care, custody and control - CORRECT
ANSWER✔✔- D
All of the following are true of a Businessowners Coverage Form, except:
A
Section III of the coverage form contains the Common Policy Conditions
B
Land, including land on which the property is located, is not covered
C
Employee dishonesty is automatically included in each policy
D
The most the insurer will pay for loss or damage arising out of any occurrence is the limit of
insurance shown in the Declarations - CORRECT ANSWER✔✔- C
All of the following are true of a Yacht Policy, except:
A
Includes both property and liability coverage
B
Includes coverage for fuel spills and commercial towing
C
Lay up warranties are permitted
D
A yacht is covered regardless of its location - CORRECT ANSWER✔✔- D
All of the following are true of automobile physical damage Coverage D, except:
A
It covers damage to the insured auto and to another auto with which it collided
B
Collision coverage usually is written with a deductible
C
UPDATED ACTUAL Questions and
CORRECT Answers
A Businessowners policy would cover which of the following?
A
The insured signed a contract with a competitor agreeing not to advertise in that zip code
B
One of the insured's employees is injured on the job
C
One of the insured's products was recalled due to a mechanical imperfection
D
The insured is sued for injury to a competitor caused by one of their advertisements -
CORRECT ANSWER✔✔- D
A commercial property policy that has been in effect for 60 days or more may be cancelled
only for the following reasons, except:
A
Change in location of the insured's property
B
Fraud or material misrepresentation
C
Substantial change in the risk assumed by the insurer
D
Nonpayment of premium - CORRECT ANSWER✔✔- A
A limited lines producer is authorized to sell all of the following, except:
A
,Mortgage Life
B
Accident and health
C
Travel accident
D
Credit insurance - CORRECT ANSWER✔✔- B
A person wishing to insure a single shipment would be best served by which form?
A
Shipper's Form
B
Trip Transit Form
C
Annual Transit Form
D
Owner's Form - CORRECT ANSWER✔✔- B
All of the following are considered uninsured motor vehicles, except:
A
A vehicle that is being used as a residence
B
A hit and run vehicle
C
A vehicle to which the insuring company becomes insolvent
D
A vehicle to which no liability policy applies - CORRECT ANSWER✔✔- A
,All of the following are covered perils under the Extended Coverage Endorsement to the DP-
1, except:
A
Vehicles
B
Weight of ice, snow or sleet
C
Windstorm
D
Volcanic eruption - CORRECT ANSWER✔✔- B
All of the following are false about Damage to Your Auto, except:
A
Coverage includes the cost to repair previous damage if required to fix new damage
B
In the event of total loss, adjustment will be made for the physical condition of the vehicle
C
The sales tax on a replacement vehicle is not covered
D
The Limit of Liability is the greater of the vehicles actual cash value or the cost to repair -
CORRECT ANSWER✔✔- B
All of the following are Optional Coverages under the Businessowners Policy, except:
A
Money and securities
B
Employee dishonesty
C
Outdoor signs
D
, Personal property of others that is in the insured's care, custody and control - CORRECT
ANSWER✔✔- D
All of the following are true of a Businessowners Coverage Form, except:
A
Section III of the coverage form contains the Common Policy Conditions
B
Land, including land on which the property is located, is not covered
C
Employee dishonesty is automatically included in each policy
D
The most the insurer will pay for loss or damage arising out of any occurrence is the limit of
insurance shown in the Declarations - CORRECT ANSWER✔✔- C
All of the following are true of a Yacht Policy, except:
A
Includes both property and liability coverage
B
Includes coverage for fuel spills and commercial towing
C
Lay up warranties are permitted
D
A yacht is covered regardless of its location - CORRECT ANSWER✔✔- D
All of the following are true of automobile physical damage Coverage D, except:
A
It covers damage to the insured auto and to another auto with which it collided
B
Collision coverage usually is written with a deductible
C
