Practice Exam questions with correct
answers
An binsured bmay bcancel ba bPersonal bAuto bPolicy bby btaking bwhich bof bthe bfollowing
bactions?
A. bPaying bthe binsurance bcompany bany bpast bdue bpremiums
B. bWaiting buntil bthe bpolicy bexpiration bdate
C. bGiving bwritten bnotice bto bthe binsurance bcompany
D. bInforming bthe bproducer bby btelephone b- bcorrect banswers✔✔C
In binsurance, bwhich bof bthe bfollowing bterms brefers bto bcontinuous bor brepeated
bexposure bto bconditions bthat bmay bresult bin bbodily binjury bor bdamage bneither
bexpected bnor bintended?
A. bAn baccident
B. bAn boccurrence
C. bAn bevent
D. bA bcondition b- bcorrect banswers✔✔B
Which bof bthe bfollowing bvehicles bis bconsidered ba btemporary bsubstitute bauto bunder
ba bPersonal bAuto bpolicy?
, A. bA bneighbor's bpickup btruck bborrowed bby ban binsured bto brun ban berrand
B. bAn bauto bpurchased bby ban binsured bto breplace ba bpreviously bowned bvehicle
C. bAn bauto brented bby ban binsured bwhen bthe binsured bis bon bvacation
D. bAn bauto brented bby ban binsured bwhen bthe binsured's bcar bis bin ba bgarage bfor
brepairs b- bcorrect banswers✔✔D
An binsurance bbinder bis bbest bdescribed bas:
A. ba blarge bbound bvolume bof brules, brates, band bforms
B. ba brate bmanual bsupplied bby bone bof bthe brating borganizations
C. ba btemporary bagreement bto bpay ba bclaim bpending bfinal bsettlement
D. btemporary bshort-term bevidence bof bcoverage b- bcorrect banswers✔✔D
Anything bthat bincreases bthe bchance bof bloss bis bknown bas ba(n):
A. brisk
B. bhazard
C. bdirect bloss
D. bindirect bloss b- bcorrect banswers✔✔B
The bFair bCredit bReporting bAct brequires bthe:
A. binsurance bcompany bto breview bthe bapplicant's bcredit bhistory bprior bto bunderwriting
ba bpolicy
B. binsurance bproducer bto bsummarize ba bpolicy bfor bthe binsured
C. binsurance bproducer bto breview bthe bapplicant's bcredit bhistory bprior bto bissuing ba
bpolicy
D. binsurance bcompany bto binform bthe bapplicant ba bcredit breport bmay bbe bobtained b-
bcorrect banswers✔✔D
The blimits bof bliability bare bfound bin bwhich bof bthe bfollowing bsections bof ba bcasualty
bpolicy?
A. bConditions