ARKANSAS PROPERTY AND CASUALTY INSURANCE EXAM 2024
ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
Personal Auto Policy - (answers)Part A: Liability Coverage
Part B: Medical Payments Coverage
Part C: Uninsured Motorists Coverage
Part D: Coverage for Damage to Your Auto
Part E: Duties After an Accident or Loss
Part F: General Provisions
You and Your - (answers)The named insured listed in the declarations, and the spouse if a
心的坚强决定了我们的命运。当
resident of the same household. The named insured should always be the person or persons to
whom the vehicle is titled and registered
我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Private Passenger Autos - (answers)Shall be deemed to be owned by a person if the auto is
owned or leased under contract for a continuous period of at least 6 months.
Your Covered Auto - (answers)- any vehicle shown in the declarations
- a newly acquired auto
- a trailer owned by the named insured
- a temporary substitute vehicle
A temporary substitute is - (answers)NOT a "your covered auto" under Part D - Coverage for
Damage to your Auto.
Newly Acquired Auto - (answers)A private passenger auto
,A pickup or van, for which no other insurance policy provides coverage, if the auto: Has a gross
vehicle weight of 10,000 pounds or less.
Coverage date begins when the insured becomes owner
Under Part D, cover for damage to your auto, - (answers)automatic coverage begins on the date
the named insured becomes the legal owner of the vehicle.The insured must report the newly
acquired auto to the insurer for coverage to continue. If the insured doesn't report as required,
coverage ends after either 4 or 14 days.
If the Declarations page indicates that either Collision or Other than Collision coverage applies
to at least one vehicle - (answers)the insured has 14 days to report for either coverage to apply.
Automatic coverage ends after 14 days if the insured doesn't report.
If the Declarations page indicates 心的坚强决定了我们的命运。当
that NO Collision or Other than Collision coverage applies to
at least one vehicle, - (answers)the我们面对挫折时，是一颗不屈的
insured has 4 days to report for coverage to apply. Automatic
coverage ends after 4 days if the insured doesn't report.
心让我们勇敢前行
Part A Liability insuring agreement - (answers)The insurer will:
Pay damages for bodily injury or property damage for which any insured becomes legally
responsible.
Settle or defend any claim or suit asking for such damages.
Pay all defense costs it incurs, in addition to the liability limits. The insurer's duty to settle or
defend ends when the limit of liability is exhausted.
Supplementary Payments - (answers)In addition to the limit of liability, the insurer also makes
other payments:
, If a bail bond is required because of an accident, the policy will pay up to $250 for the cost of the
bail bond so long as the accident resulted in a covered bodily injury or property damage claim.
If defending a suit, the insurer will pay premiums on appeal bonds and bonds to release
attachments.
Any interest that accumulates after a judgment has been entered will also be paid by the insurer
if it defends a suit.
The policy pays up to $200 a day for loss of earnings because the insurer requests attendance at
hearings or trials. This does not include loss of other earnings.
The policy will also pay for reasonable expenses incurred at the insurer's request. This does NOT
include traffic fines.
心的坚强决定了我们的命运。当
What is excluded in part A-Liability Coverages - (answers)Intentionally causes bodily injury or
property damage. 我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Causes property damage to property he or she owns or is transporting.
Causes property damage to property rented to, used by, or in the care of that insured.
Is responsible for causing bodily injury to an employee (of that insured) during the course of
employment by that insured.
Owns or is operating a vehicle while it's being used as public or livery conveyance (meaning it
has been hired out to the general public). A vehicle used in a share-the-expense car pool is not
considered a public or livery conveyance.
Is employed or engaged in the business of selling, repairing, servicing, storing, road testing or
parking motor vehicles.
Is using a vehicle while employed or engaging in business. However, a coverage giveback
applies to private passenger autos, pickups, vans, and owned trailers used with such vehicles.
ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
Personal Auto Policy - (answers)Part A: Liability Coverage
Part B: Medical Payments Coverage
Part C: Uninsured Motorists Coverage
Part D: Coverage for Damage to Your Auto
Part E: Duties After an Accident or Loss
Part F: General Provisions
You and Your - (answers)The named insured listed in the declarations, and the spouse if a
心的坚强决定了我们的命运。当
resident of the same household. The named insured should always be the person or persons to
whom the vehicle is titled and registered
我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Private Passenger Autos - (answers)Shall be deemed to be owned by a person if the auto is
owned or leased under contract for a continuous period of at least 6 months.
Your Covered Auto - (answers)- any vehicle shown in the declarations
- a newly acquired auto
- a trailer owned by the named insured
- a temporary substitute vehicle
A temporary substitute is - (answers)NOT a "your covered auto" under Part D - Coverage for
Damage to your Auto.
Newly Acquired Auto - (answers)A private passenger auto
,A pickup or van, for which no other insurance policy provides coverage, if the auto: Has a gross
vehicle weight of 10,000 pounds or less.
Coverage date begins when the insured becomes owner
Under Part D, cover for damage to your auto, - (answers)automatic coverage begins on the date
the named insured becomes the legal owner of the vehicle.The insured must report the newly
acquired auto to the insurer for coverage to continue. If the insured doesn't report as required,
coverage ends after either 4 or 14 days.
If the Declarations page indicates that either Collision or Other than Collision coverage applies
to at least one vehicle - (answers)the insured has 14 days to report for either coverage to apply.
Automatic coverage ends after 14 days if the insured doesn't report.
If the Declarations page indicates 心的坚强决定了我们的命运。当
that NO Collision or Other than Collision coverage applies to
at least one vehicle, - (answers)the我们面对挫折时，是一颗不屈的
insured has 4 days to report for coverage to apply. Automatic
coverage ends after 4 days if the insured doesn't report.
心让我们勇敢前行
Part A Liability insuring agreement - (answers)The insurer will:
Pay damages for bodily injury or property damage for which any insured becomes legally
responsible.
Settle or defend any claim or suit asking for such damages.
Pay all defense costs it incurs, in addition to the liability limits. The insurer's duty to settle or
defend ends when the limit of liability is exhausted.
Supplementary Payments - (answers)In addition to the limit of liability, the insurer also makes
other payments:
, If a bail bond is required because of an accident, the policy will pay up to $250 for the cost of the
bail bond so long as the accident resulted in a covered bodily injury or property damage claim.
If defending a suit, the insurer will pay premiums on appeal bonds and bonds to release
attachments.
Any interest that accumulates after a judgment has been entered will also be paid by the insurer
if it defends a suit.
The policy pays up to $200 a day for loss of earnings because the insurer requests attendance at
hearings or trials. This does not include loss of other earnings.
The policy will also pay for reasonable expenses incurred at the insurer's request. This does NOT
include traffic fines.
心的坚强决定了我们的命运。当
What is excluded in part A-Liability Coverages - (answers)Intentionally causes bodily injury or
property damage. 我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Causes property damage to property he or she owns or is transporting.
Causes property damage to property rented to, used by, or in the care of that insured.
Is responsible for causing bodily injury to an employee (of that insured) during the course of
employment by that insured.
Owns or is operating a vehicle while it's being used as public or livery conveyance (meaning it
has been hired out to the general public). A vehicle used in a share-the-expense car pool is not
considered a public or livery conveyance.
Is employed or engaged in the business of selling, repairing, servicing, storing, road testing or
parking motor vehicles.
Is using a vehicle while employed or engaging in business. However, a coverage giveback
applies to private passenger autos, pickups, vans, and owned trailers used with such vehicles.
