Pearson VUE: Casualty Insurance Practice Exam |Questions & Answers||100% Verified Answers||A+ Guarantee!!!

Pearson VUE: Casualty Insurance Practice Exam |Questions & Answers||100% Verified Answers||A+ Guarantee!!! The act of intentionally withholding from an insurance application a fact that would affect issuance of the policy is referred to as: A. concealment B. misrepresentation C. defamation D. twisting - ANSWER -A Which of the following claims may be covered under Bodily Injury Liability coverage? A. Physical impairment B. False arrest C. Libel D. Suicide - ANSWER -A Which of the following individuals is likely to have a valid Workers Compensation claim? A. A retired employee injured while visiting his old workplace B. An employee who suffers a diabetic coma from failure to take prescribed medicine C. A sole proprietor injured in an auto accident while driving to a friend's house D. An employee injured while undergoing job training - ANSWER -D In a state where minimum auto bodily injury liability limits are 20/40, S is driving with limits of 20/40. S is responsible for an accident with T in which T suffers bodily injury in the amount of $120,000. T has non-stacked Underinsured Motorists limits of 100/300. How much will T's policy pay toward T's injuries? A. $20,000 B. $80,000 C. $100,000 D. $120,000 - ANSWER -B The Conditions section of an insurance policy states the: A. deductible amount, if any B. policy term C. policy provisions D. duties of the insured - ANSWER -D In the event of a loss under a Personal Auto Policy, an insured is required to submit to the insurance company all of the following information EXCEPT: A. a Proof of Loss statement if requested B. a Notice of Claim C. a list of any known witnesses D. an appraisal of the damaged property - ANSWER -D Which of the following policies is intended to broaden the coverages and increase the limits of underlying insurance? A. Owners and Contractors Protective Liability B. Umbrella Liability C. Excess Liability D. Commercial General Liability - ANSWER -B Which of the following individuals is a named insured under a Personal Auto policy? A. A person who is listed in the Declarations section B. A valet who parks an insured's car C. An insured's employer who drives the insured's car for personal use D. A neighbor who drives an insured's car with permission - ANSWER -A After paying a claim, an insurance company may have the right to pursue legal action against the negligent party. This right is called: A. assignment B. other insurance C. subrogation D. action against the company - ANSWER -C Which of the following occurrences would be included under the definition of a personal injury? A. A customer injured in a department store when a sign falls on her sues the store for medical costs and pain and suffering. B. An employee injured lifting a heavy carton sues his employer for costs. C. An individual fired from her job sues her employer for unemployment benefits. D. A tenant evicted by his landlord sues the landlord for invasion of privacy and wrongful eviction. - ANSWER -D