Exam Fx-Property and Casualty Exam 90 Questions with 100% Correct Answers 202425 update

To be considered an insurable risk, a loss may NOT be - correct answer catastrophic Which of the following persons would be required to hold a producer license? - correct answer a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - correct answer ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - correct answer the difference in the actual cash value as a pair and as a single Which of the following additional perils is covered under both of the Basic and Broad forms in dwelling policies? - correct answer internal explosion When would a misrepresentation on the insurance application be considered fraud? - correct answer If it is intentional and material A bond is written for a set limit, and the surety will be liable only for this amount. This limit is known as the - correct answer penalty In insurance, an offer is usually made when - correct answer the application is submitted All of the following actions by a producer may be grounds for license revocation or non-renewal EXCEPT - correct answer participating in controlled business In personal auto policies, the term "you" refers to - correct answer the named insured Business personal property coverage form covers all of the following except: - correct answer automobiles held for sale in dwelling policies, automatic increase in insurance is - correct answer coverage by endorsement To be eligible for businessowners policy (BOP) coverage, an office building CANNOT be higher than - correct answer 6 stories Elaborate homes with replacement costs greater than ACV or market value are insured on the - correct answer HO-8 Form Which of the following dwelling coverage forms would pay replacement cost for the dwelling? - correct answer DP-2 and DP-3 Business personal property coverage insures property out in the open if it is - correct answer Within 100 feet of the described premises A runaway shopping cart injures a customer in a supermarket's parking lot. Coverage for this claim would be provided under - correct answer premises and operations