IOWA CASUALTY PRACTICE EXAM QUESTIONS (WEBCE)

IOWA CASUALTY PRACTICE EXAM QUESTIONS (WEBCE) An insured would be prudent to r ely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - has relatively low limits If a group of insureds are rated by class, they will - be charged the same premium r ate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not own another vehicle. Which endorsement to his company's business auto policy (BAP) will protect him when he uses another vehicle - Drive other car (DOC) - Broadened Coverage For Named Individuals Endorsement When the insurance policy provides crime coverage on a loss sustained basis, coverage is triggered by the loss that occurs - During the policy period and is discovered within o ne year after the policy period ends The difference between the Pollution Liability Coverage (CG 00 39) and the Pollution Liability coverage Form (CG 00 40) is that the Limited Coverage Form - does not clean up cover cleanup costs Felix owns a 80 year ol d apartment building with narrow stairways .if his building is seriously damaged, Felix will not be permitted to rebuild it unless he makes the stairways wide enough to meet the current building code. His property insurance will NOT cover the extra cost of such an alteration if the policy contains a typical - ordinance or law exclusion Which are typically NOT among the provisions of a typical property and casualty insurance policy - Waivers Liability insurance basically involves - Tort law Gina was the only employee in OK Convience Store at 3 a.m. when a gunman entered the store and made her give him all the money in the cash register . which of the following correctly describes the cause of loss? - Robbery How long is an insurance producer 's license valid - three years Which of the following is NOT a category of workers compensation benefits payable to an injured workers or his or her dependents? - Unemployment Fran's personal auto policy (PAP) lists her three autos. Each uninsured motori sts coverage with a $50,000 limit. Fran is permanently disabled by injuries she receives while riding in a friends car that is struck by a hit and run drivers, How much can Fran expect to collect under her APP's uninsured motorists coverage - $50,000 Mand y is injured in a collision with a motorist who has no insurance coverage. However she and her insurer cannot agree on the amount of compensation she is entitled to receive . The policy's arbitration provison will enable them to resolve their dispute over - whether Mandy is entitled to damages and the amount of the damages acting on reliable information the commissioner decides to take immediate action against two insurance companies suspected of illegally fixing premium rates for a class of insureds. Whic h disciplinary measure will the Commissioner take first? - issue a cease and desist order Genevieve wants to renew her Iowa insurance producer license. Which pf the following is NOT a condition of renewal - report of insurance sales she made in the last t wo years When a meeting with a prospect to discuss insurance, agent Tyler makes disparaging comments about the financial stability and reputation of a competitor to dissuade the prospect from purchasing its policies . Which unfair trad practice has Tyler Committed? - Defamation Overland Express Company is insured under a motor carrier policy. Which person is NOT insured under the policy's liability coverage? - Sunshine Fruit Farms, whose products are transported by Overland Express Compensation for an em ployee's injury will be allowed only if the employer knew about the injury or was notified of it within how many days after the injury contract - 90 days after the injury occurred The right of an employee to benefits under workers compensation laws does n ot exist if the injury.. - was willfully caused , such as one that was intentionally self inflicted Which of the following statements is correct about an insurer who issues automobile liability policies to its insureds? - it must make available both unins ured and underinsured motorists coverage Which of the following is NOT a requirement to obtain a resident producer's license? - appointment by at least two insurers What action will result if a driver willfully or negligently fails to report a traffic ac cident - Suspension of a resident's license or a nonresidents operating privilege's Because Cassie's apartment is on the ground floor , she realizes it would be easy for a thief to enter her apartment through an open window, so she keeps her windows closed and locked at all times . What risk management technique did Cassie use? - Risk Prevention Will is employed as a roofer for Shingle -Minded Roofing . While working one day , Will falls from a roof and injured. When he seeks to file workers compensation claim, he discovers that Shingle Minded failed to secure workers compensation insuranc e which is a violation of state law. In most states what should Will do? - Will should seek statutory workers compensation benefits and sue his employer for negligence if allowed by statue.