Pearson VUE: Casualty Insurance Practice Exam /
Actual Questions & Certified Solutions / Complete
Accurate Quizzes with Verified Answers / 2025-2026
Terms in this set (50)
C An insured may cancel a Personal Auto Policy by taking
which of the following actions?
A. Paying the insurance company any past due premiums
B. Waiting until the policy expiration date
C. Giving written notice to the insurance company
D. Informing the producer by telephone
In insurance, which of the following terms refers to
continuous or repeated exposure to conditions that may
result in bodily injury or damage neither expected nor
intended?
A. An accident
B
B. An occurrence
C. An event
D. A condition
,D Which of the following vehicles is considered a temporary
substitute auto under a Personal Auto policy?
A. A neighbor's pickup truck borrowed by an insuredto run
an errand
B. An auto purchased by an insured to replace apreviously
owned vehicle
C. An auto rented by an insured when the insured ison
vacation
D. An auto rented by an insured when the insured's caris in a
garage for repairs
D An insurance binder is best described as:
A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the ratingorganizations
C. a temporary agreement to pay a claim pendingfinal
settlement
D. temporary short-term evidence of coverage
, Anything that increases the chance of loss is known as a(n):
A. risk
B B. hazard
C. direct loss
D. indirect loss
D The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's
credithistory prior to underwriting a policy
B. insurance producer to summarize a policy for theinsured
C. insurance producer to review the applicant's
credithistory prior to issuing a policy
D. insurance company to inform the applicant a
creditreport may be obtained
C The limits of liability are found in which of the following
sections of a casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions
Actual Questions & Certified Solutions / Complete
Accurate Quizzes with Verified Answers / 2025-2026
Terms in this set (50)
C An insured may cancel a Personal Auto Policy by taking
which of the following actions?
A. Paying the insurance company any past due premiums
B. Waiting until the policy expiration date
C. Giving written notice to the insurance company
D. Informing the producer by telephone
In insurance, which of the following terms refers to
continuous or repeated exposure to conditions that may
result in bodily injury or damage neither expected nor
intended?
A. An accident
B
B. An occurrence
C. An event
D. A condition
,D Which of the following vehicles is considered a temporary
substitute auto under a Personal Auto policy?
A. A neighbor's pickup truck borrowed by an insuredto run
an errand
B. An auto purchased by an insured to replace apreviously
owned vehicle
C. An auto rented by an insured when the insured ison
vacation
D. An auto rented by an insured when the insured's caris in a
garage for repairs
D An insurance binder is best described as:
A. a large bound volume of rules, rates, and forms
B. a rate manual supplied by one of the ratingorganizations
C. a temporary agreement to pay a claim pendingfinal
settlement
D. temporary short-term evidence of coverage
, Anything that increases the chance of loss is known as a(n):
A. risk
B B. hazard
C. direct loss
D. indirect loss
D The Fair Credit Reporting Act requires the:
A. insurance company to review the applicant's
credithistory prior to underwriting a policy
B. insurance producer to summarize a policy for theinsured
C. insurance producer to review the applicant's
credithistory prior to issuing a policy
D. insurance company to inform the applicant a
creditreport may be obtained
C The limits of liability are found in which of the following
sections of a casualty policy?
A. Conditions
B. Insuring Agreement
C. Declarations
D. Definitions
