AD Banker Property and casualty exam Louisiana | Questions with 100% Correct Answers
| Updated &Verified | 2024-2025 | 100% Score
Under aleatory contracts, the exchange of values is: - ✔✔unequal
B is traveling to Europe for a month's vacation. Which of the following coverages might her agent
recommend to cover personal items? - ✔✔Personal effects floater
Under a Personal Auto policy, all of the following are correct about medical payments coverage, except:
- ✔✔The policy limit is applied on a per occurrence basis, not per person
A person wishing to insure a single shipment would be best served by which form? - ✔✔Trip Transit
Form
All of the following are true of Section II of the Businessowners Coverage Form, except: - ✔✔Business
liability coverage applies to damage to an insured's property or work
Of the Dwelling policy forms, which one does not cover a loss caused by accidental discharge of water
from a refrigerator located in a covered dwelling? - ✔✔Basic Form (DP-1)
Which of the following would not be eligible to purchase a Homeowners policy? - ✔✔A person who
owns and lives on a farm
Which of the following vehicles is not considered an uninsured vehicle? - ✔✔A vehicle owned by the
government
Which of the following describes the loss settlement basis for a fire damage claim to a dwelling insured
under a DP-3 policy? - ✔✔Replacement cost up to the Coverage A limit
A mandatory deductible of what amount applies to certain completed operations claims under Section II
of the Garage Coverage Form? - ✔✔$100
,Which of the following would be not covered by a Business Auto Policy? - ✔✔An employee is injured
while driving a covered auto
Which of the following is not true of the Yacht Policy? - ✔✔It provides coverage regardless of its
territory
Choose the false statement regarding commercial auto coverage. - ✔✔Section II of the Garage Coverage
Form - does not provide completed operations coverage
Which section of the Garage Coverage Form provides physical damage coverage for the insured's
covered autos? - ✔✔Section IV
Employees typically exempted from Workers' Compensation laws include all of the following, except: -
✔✔Part-time employees
Which of the following expenses would not be reimbursed under the Workers' Compensation policy? -
✔✔Loss of insured's earnings because the insurer requested the insured come to court
Which of the following perils is insured against by a commercial property policy using the Causes of Loss
- Basic Form? - ✔✔Windstorm
Which of the following commercial crime insuring agreements provides coverage if a company
accountant steals money by signing a businessowner's name on a $1,000 check? - ✔✔Forgery or
Alteration
The Collision or Running Down Clause in Ocean Marine Insurance covers: - ✔✔Collision damage to
another vessel when the shipper is liable
An insurance agent would recommend which of the following floaters to his client who is traveling to
Europe for a month's vacation? - ✔✔Personal Effects Floater
, Liability coverage may be provided by a Homeowners policy for the insured's use of which of the
following watercraft? - ✔✔20-foot sailing boat
Under the Valuable Papers and Records Floater, all of the following types of papers or records would be
covered, except: - ✔✔Property held as samples
Under Part A of a Personal Auto policy, which of the following is correct about supplementary
payments? - ✔✔They are paid in addition to the policy's liability limits
What is the primary objective of Workers' Compensation? - ✔✔To provide a payment of benefits to
employees for injuries that arise out of their employment, regardless of negligence
Actual cash value is best defined as which of the following? - ✔✔Today's current price, minus
depreciation
In addition to conducting accounting business in their own office, T also goes to clients' offices for
appointments. This represents which type of legal liability exposure? - ✔✔Premises and operations
Which term describes the situation that occurs when two policies covering the same property contain
different policy periods? - ✔✔Nonconcurrency
Section II of a Homeowners policy may cover which of the following incidents? - ✔✔Bodily injury to a
stranger, caused by an insured's activities while picnicking at a city park
Taxable corporate dividends are received by the shareholders of which type of insurer? - ✔✔Stock
insurer
A leased auto is eligible for coverage under a Personal Auto policy if the lease contract is for a
continuous period of at least: - ✔✔6 months
Which person is not a covered resident under Homeowners policies? - ✔✔The named insured's tenant
| Updated &Verified | 2024-2025 | 100% Score
Under aleatory contracts, the exchange of values is: - ✔✔unequal
B is traveling to Europe for a month's vacation. Which of the following coverages might her agent
recommend to cover personal items? - ✔✔Personal effects floater
Under a Personal Auto policy, all of the following are correct about medical payments coverage, except:
- ✔✔The policy limit is applied on a per occurrence basis, not per person
A person wishing to insure a single shipment would be best served by which form? - ✔✔Trip Transit
Form
All of the following are true of Section II of the Businessowners Coverage Form, except: - ✔✔Business
liability coverage applies to damage to an insured's property or work
Of the Dwelling policy forms, which one does not cover a loss caused by accidental discharge of water
from a refrigerator located in a covered dwelling? - ✔✔Basic Form (DP-1)
Which of the following would not be eligible to purchase a Homeowners policy? - ✔✔A person who
owns and lives on a farm
Which of the following vehicles is not considered an uninsured vehicle? - ✔✔A vehicle owned by the
government
Which of the following describes the loss settlement basis for a fire damage claim to a dwelling insured
under a DP-3 policy? - ✔✔Replacement cost up to the Coverage A limit
A mandatory deductible of what amount applies to certain completed operations claims under Section II
of the Garage Coverage Form? - ✔✔$100
,Which of the following would be not covered by a Business Auto Policy? - ✔✔An employee is injured
while driving a covered auto
Which of the following is not true of the Yacht Policy? - ✔✔It provides coverage regardless of its
territory
Choose the false statement regarding commercial auto coverage. - ✔✔Section II of the Garage Coverage
Form - does not provide completed operations coverage
Which section of the Garage Coverage Form provides physical damage coverage for the insured's
covered autos? - ✔✔Section IV
Employees typically exempted from Workers' Compensation laws include all of the following, except: -
✔✔Part-time employees
Which of the following expenses would not be reimbursed under the Workers' Compensation policy? -
✔✔Loss of insured's earnings because the insurer requested the insured come to court
Which of the following perils is insured against by a commercial property policy using the Causes of Loss
- Basic Form? - ✔✔Windstorm
Which of the following commercial crime insuring agreements provides coverage if a company
accountant steals money by signing a businessowner's name on a $1,000 check? - ✔✔Forgery or
Alteration
The Collision or Running Down Clause in Ocean Marine Insurance covers: - ✔✔Collision damage to
another vessel when the shipper is liable
An insurance agent would recommend which of the following floaters to his client who is traveling to
Europe for a month's vacation? - ✔✔Personal Effects Floater
, Liability coverage may be provided by a Homeowners policy for the insured's use of which of the
following watercraft? - ✔✔20-foot sailing boat
Under the Valuable Papers and Records Floater, all of the following types of papers or records would be
covered, except: - ✔✔Property held as samples
Under Part A of a Personal Auto policy, which of the following is correct about supplementary
payments? - ✔✔They are paid in addition to the policy's liability limits
What is the primary objective of Workers' Compensation? - ✔✔To provide a payment of benefits to
employees for injuries that arise out of their employment, regardless of negligence
Actual cash value is best defined as which of the following? - ✔✔Today's current price, minus
depreciation
In addition to conducting accounting business in their own office, T also goes to clients' offices for
appointments. This represents which type of legal liability exposure? - ✔✔Premises and operations
Which term describes the situation that occurs when two policies covering the same property contain
different policy periods? - ✔✔Nonconcurrency
Section II of a Homeowners policy may cover which of the following incidents? - ✔✔Bodily injury to a
stranger, caused by an insured's activities while picnicking at a city park
Taxable corporate dividends are received by the shareholders of which type of insurer? - ✔✔Stock
insurer
A leased auto is eligible for coverage under a Personal Auto policy if the lease contract is for a
continuous period of at least: - ✔✔6 months
Which person is not a covered resident under Homeowners policies? - ✔✔The named insured's tenant
