EXAM FX PRACTICE TEST EXAM WITH
CORRECT 93 ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Homeowners policies provide coverage for - ANSWERS-Business
property while on the residence premises
If an insurance company wishes to order a consumer report on an
applicant to assist in the underwriting process, and if a notice of
insurance information practices has been provided, the report may
contain all of the following information EXCEPT the applicant's -
ANSWERS-ancestry
According to the doctrine of contributory negligence, when an
individual is found to have contributed to his or her own loss in any
way, another party - ANSWERS-may not be held liable
in the event of a loss covered by the policy, if the insurer requests a
signed sworn proof of loss, the named insured is required to submit
it within - ANSWERS-A specified time
,A policyholder has an equipment breakdown policy with a $200,000
limit, If a boiler expolision causes $100,000 damages to the boiler
itself, damage to the insured's building, and $30,000 of expediting
expenses, how much will the insured collect under the policy? -
ANSWERS-$175,000
If an insurance company underwriter discovers that an applicant for
a policy has been convicted of submitting a fraudulent claim to an
insurer in the past, the application may be rejected as a - ANSWERS-
Moral Hazard
Which of the following is NOT considered a misrepresentation as it
pertains to unfair trade practices? - ANSWERS-
The Pro rata liability clause is designed to protect the principle of -
ANSWERS-Indemnity
When a resident producer changes his residence address, the
Insurance Department must be notified within - ANSWERS-30 days
A building is insured, but no one has lived or worked in it for 10
years. The building is completely empty of any furniture or personal
belongings. From an Insurance standpoint, the building is
considered. - ANSWERS-Vacant
, An insurer publishes intimidating brochures that portray the
insurer's competitions as financially and professionally unstable.
Which of of the following best describes this act. - ANSWERS-Legal,
under any circumstances
Which bonds are required by courts whenever someone seeks a
court order stating another person must or must not dot
something? - ANSWERS-Injunction bond
In comparison to consumer reports, which of the following
describes a unique characteristic of investigative consumer reports?
- ANSWERS-The customer's associates, friends, and neighbors
provide the report's data.
An insured relocated to another state for work. However, she still
owns and insurers a house in this state, but has had one living in it
for 3 months. She is also storing some of furniture and clothes in
the house. From an insurance standpoint, the insured's house is
considered? - ANSWERS-Unoccupied
If a farm building or structure is vacant or unoccupied, which is
true? - ANSWERS-If for 120 consecutive days, the limits applicable
to the building and its contents are reduced by 50%
Which loss listed below would be fully covered by a homeowners
policy? - ANSWERS-$2,000 silver tea set stolen
CORRECT 93 ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Homeowners policies provide coverage for - ANSWERS-Business
property while on the residence premises
If an insurance company wishes to order a consumer report on an
applicant to assist in the underwriting process, and if a notice of
insurance information practices has been provided, the report may
contain all of the following information EXCEPT the applicant's -
ANSWERS-ancestry
According to the doctrine of contributory negligence, when an
individual is found to have contributed to his or her own loss in any
way, another party - ANSWERS-may not be held liable
in the event of a loss covered by the policy, if the insurer requests a
signed sworn proof of loss, the named insured is required to submit
it within - ANSWERS-A specified time
,A policyholder has an equipment breakdown policy with a $200,000
limit, If a boiler expolision causes $100,000 damages to the boiler
itself, damage to the insured's building, and $30,000 of expediting
expenses, how much will the insured collect under the policy? -
ANSWERS-$175,000
If an insurance company underwriter discovers that an applicant for
a policy has been convicted of submitting a fraudulent claim to an
insurer in the past, the application may be rejected as a - ANSWERS-
Moral Hazard
Which of the following is NOT considered a misrepresentation as it
pertains to unfair trade practices? - ANSWERS-
The Pro rata liability clause is designed to protect the principle of -
ANSWERS-Indemnity
When a resident producer changes his residence address, the
Insurance Department must be notified within - ANSWERS-30 days
A building is insured, but no one has lived or worked in it for 10
years. The building is completely empty of any furniture or personal
belongings. From an Insurance standpoint, the building is
considered. - ANSWERS-Vacant
, An insurer publishes intimidating brochures that portray the
insurer's competitions as financially and professionally unstable.
Which of of the following best describes this act. - ANSWERS-Legal,
under any circumstances
Which bonds are required by courts whenever someone seeks a
court order stating another person must or must not dot
something? - ANSWERS-Injunction bond
In comparison to consumer reports, which of the following
describes a unique characteristic of investigative consumer reports?
- ANSWERS-The customer's associates, friends, and neighbors
provide the report's data.
An insured relocated to another state for work. However, she still
owns and insurers a house in this state, but has had one living in it
for 3 months. She is also storing some of furniture and clothes in
the house. From an insurance standpoint, the insured's house is
considered? - ANSWERS-Unoccupied
If a farm building or structure is vacant or unoccupied, which is
true? - ANSWERS-If for 120 consecutive days, the limits applicable
to the building and its contents are reduced by 50%
Which loss listed below would be fully covered by a homeowners
policy? - ANSWERS-$2,000 silver tea set stolen
