Alabama Personal Lines Exam Questions with
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Practice questions for this set
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Indirect consequential loss
Choose an answer
An additional loss that results from a
1 What is a hazard? 2
direct loss of property is called a/an
Which of the following coverages is
included in the Homeowners policy Which of the following is not an
3 4
but is NOT included in an under element of insurability
endorsed Dwelling policy?
Don't know?
1/16
,Terms in this set (90)
What is a hazard? An increase in the possibility that a loss might occur
Transfer risk from a person, business or organization
The purpose of insurance
to an insurance company that agrees to pay for losses
is to:
in exchange for a premium
When the policyholder is Mutual company
considered an owner with
the right to vote and share
in the profits the type of
insurance company is a:
Martha's home is insured Martha
by Big Insurance
Company. Martha has
recently made the final
mortgage payment to
Large Mortgage
Company. Martha is
contemplating selling her
home to her best friend,
Bernice. Which of the
following has an insurable
interest in the home?
Which of the following is Risk of loss is a speculative risk
not an element of
insurability
The principle that states Indemnity
that an insured should be
restored to approximately
the same financial position
after a loss as before is
known as
2/16
, An individual who owns HO-6
and lives in a
condominium can obtain
broad coverage for
personal property in the
condo under which
homeowners form
And insurance what is the Together consumer recourse if insurance is denied on
primary purpose for the the basis of a credit report
Fair Credit Reporting Act
Which of the following Foreign
describes an insurance
company doing business
in a state other than the
one where it is
incorporated
Provide temporary protection for the insured
The purpose of a binder is
between the time of the application is made in the
to
policy is issued or the binder expires
Which of the following Replacement cost minus appreciation
describes actual cash
value
Which of the following Private residence in which the owner occupant also
can be insured under an maintains an office for her accounting business
unendorsed Homeowners
policy?
Which of the following Liability
coverages is included in
the Homeowners policy
but is NOT included in an
under endorsed Dwelling
policy?
3/16
Verified Answers 100% Correct | New Update
Save
Practice questions for this set
Learn 1/7 Study with Learn
Indirect consequential loss
Choose an answer
An additional loss that results from a
1 What is a hazard? 2
direct loss of property is called a/an
Which of the following coverages is
included in the Homeowners policy Which of the following is not an
3 4
but is NOT included in an under element of insurability
endorsed Dwelling policy?
Don't know?
1/16
,Terms in this set (90)
What is a hazard? An increase in the possibility that a loss might occur
Transfer risk from a person, business or organization
The purpose of insurance
to an insurance company that agrees to pay for losses
is to:
in exchange for a premium
When the policyholder is Mutual company
considered an owner with
the right to vote and share
in the profits the type of
insurance company is a:
Martha's home is insured Martha
by Big Insurance
Company. Martha has
recently made the final
mortgage payment to
Large Mortgage
Company. Martha is
contemplating selling her
home to her best friend,
Bernice. Which of the
following has an insurable
interest in the home?
Which of the following is Risk of loss is a speculative risk
not an element of
insurability
The principle that states Indemnity
that an insured should be
restored to approximately
the same financial position
after a loss as before is
known as
2/16
, An individual who owns HO-6
and lives in a
condominium can obtain
broad coverage for
personal property in the
condo under which
homeowners form
And insurance what is the Together consumer recourse if insurance is denied on
primary purpose for the the basis of a credit report
Fair Credit Reporting Act
Which of the following Foreign
describes an insurance
company doing business
in a state other than the
one where it is
incorporated
Provide temporary protection for the insured
The purpose of a binder is
between the time of the application is made in the
to
policy is issued or the binder expires
Which of the following Replacement cost minus appreciation
describes actual cash
value
Which of the following Private residence in which the owner occupant also
can be insured under an maintains an office for her accounting business
unendorsed Homeowners
policy?
Which of the following Liability
coverages is included in
the Homeowners policy
but is NOT included in an
under endorsed Dwelling
policy?
3/16
