Colorado Casualty - Certificate Exam Review Questions Only/ Prep/ . Verified.| Latest Update 2024/25|

COLORADO CASUALTY - CERTIFICATE EXAM REVIEW QUESTIONS ONLY/ PREP/ . VERIFIED. Which of the following would guarantee the performance of another person or entity? A) A broker B) A surety C) An obligee D) A principal B) A surety If an insured changes his or her name, the change may be reflected on the insurance policy by attaching what to the policy? A) An additional insuring agreement B) A signed endorsement C) An additional coverage form D) A notarized authorization B) A signed endorsement Which of the following principles describes creating or increasing the chance of loss? A) Warranty B) Risk C) Hazard D) Indemnity C) Hazard How are premiums affected if an insurance policy has the additional or supplementary coverage provision? A) The premium is split between the policy coverage and the additional coverage B) The premium decreases C) The premium increase D) The premium is not affected D) The premium is not affected For what reason may an insurer cancel a personal auto policy that has been in place for more than 60 days? A) The insured has multiple auto polices. B) Multiple people drive the insured vehicle. C) Auto limits are exhausted. D) The insured fails to pay the premium. D) The insured fails to pay the premium. What method is used in the event an insurer and insured cannot agree on a claim settlement? A) Loss valuation B) Arbitration C) Subrogation D) Appraisal B) Arbitration Which of the following commercial liability policies would protect an insurance agent from providing incorrect advice to customers? A) Fiduciary liability B) Employment practices liability C) Directors and officers liability D) Errors and omissions liability D) Errors and omissions liabilit