PSI Practice Property and Casualty Exam fully
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Terms in this set (75)
Which of the following 3. Coverage C
represents the primary
amount of insurance for
the HO-4?
The claims-made liability Retroactive date
form provides coverage
from a date that precedes
the policy effective date.
Which of the following
defines that date?
If the insured has a loss The broadest coverage available extends from the
with a private passenger insured's policy.
nonowned temporary
substitute vehicle how will
the loss be treated by the
insured's own policy for
physical damage?
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Mobile homes can be 1. with a HO-8 Modified Coverage form.
insured in all of the
following ways EXCEPT
1. with a HO-8 Modified
Coverage form.
2. on a separate mobile
homeowners package
policy.
3. with a DP-1 if the mobile
home is on a foundation.
4. on a mobile
homeowners
endorsement to a HO-3
form.
Which policy condition is Arbitration
invoked when parties to
an insured loss cannot
agree?
Which of the following is $1,500
the special limit of
coverage on the
homeowners policy form
for property damage to
personal watercraft?
An injured employee Vocational rehabilitation
covered under workers'
compensation is entitled
to reasonably justifiable
expenses for retraining.
This benefit falls under
which of the following?
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The Causes of Loss form 3. perils property is insured against
for farm property lists
which of the following?
1. the type of property
insured
2. the amount of insurance
provided
3. perils property is
insured against
4. exclusions to named
insureds
Which of the following the United States Congress
created The National
Flood Insurance Program?
Exclusions common to 4. for liability arising while the insured auto is being
liability coverage for both used in an auto business.
the personal auto policy
and the business auto
policy include all of the
following EXCEPT
1. work related injuries to
insured's employees.
2. vehicles used in
prearranged racing or
speed contests.
3. for bodily injury or
property damage caused
intentionally by the
insured.
4. for liability arising while
the insured auto is being
used in an auto business.
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