Examfx practice test
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. -
ANSWER✅✅✅Vacant
A deli owner has a businessowners liability policy. When a customer slipped and hurt herself at the deli,
the liability policy paid for medical expenses. The customer, however, is now suing the business owner
because she claims there was no caution sign warning her that the floor was wet. What is the insurer
obligated to do. - ANSWER✅✅✅Pay to defend the policy owner in the lawsuit because liability
coverage contains a duty-to-defend provision
A Nonadmitted insurer who provides insurance coverages that are not available form an admitted
insurer is called - ANSWER✅✅✅Surplus lines insurer
A parking garage owner completed major renovations to a parking garage just prior to selling it to
another company. Three months later, overhead concrete fell on to cars in the second floor level. Under
the garage coverage policy conditions, which of the following is true? - ANSWER✅✅✅The damage
occurred when the concrete fell
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? - ANSWER✅✅✅$175,000
A producer has been notified by the commissioner to stop using an unapproved trade name. How many
days does the producer have to change the trade name before facing a fine? - ANSWER✅✅✅10
days
A restaurant is out of business for 3 days after an insured's automobile hits and electrical pole. The pole
fails and hits the building, knocking out all electrical power supply. Which of the following is NOT
covered under the insured driver's auto policy? - ANSWER✅✅✅Lost revenues from the restaurant
A specific coverage part is listed on the commercial package policy declerations page, but there is no
premium shown. What does that mean, - ANSWER✅✅✅There is no coverage.
, Examfx practice test
A Standard Fire Policy may be written to cover all of the following EXCEPT -
ANSWER✅✅✅Reinsurance
A temporary license in this state is valid for - ANSWER✅✅✅180 days
A unique feature in a bilee form is that it covers - ANSWER✅✅✅Customer's property whether or
not the insured has been negligent
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 - ANSWER✅✅✅may not be held liable
All of the following are other coverages included in both the broad and special form dwelling policy
EXCEPT: - ANSWER✅✅✅Theft of personal Property
All of the following are supplemental payments included in the liability section of a personal auto policy
EXCEPT - ANSWER✅✅✅up to $100 for the cost to secure the release of a vehicle from an
impoundment lot following a covered accident
An apartment occupant's personal property would be insured under which homeonwers form? -
ANSWER✅✅✅Tenant broad form (HO-4)
An automobile liability insurance policy, in addition to providing coverage to the insured while within
the state of Louisiana, must provide coverage for operating the vehicle in all of the following states
EXCEPT: - ANSWER✅✅✅Cuba
An insurance company has published a brochure that inaccurately portrays the advantage of a particular
insurance policy. What is this an example of? - ANSWER✅✅✅False advertising
An insured has a liability policy that sets the amount for all claims that arise from a single incident at
$50,000. Which type of limit of liability does this insured's policy have? - ANSWER✅✅✅Per
Occurrence
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. -
ANSWER✅✅✅Vacant
A deli owner has a businessowners liability policy. When a customer slipped and hurt herself at the deli,
the liability policy paid for medical expenses. The customer, however, is now suing the business owner
because she claims there was no caution sign warning her that the floor was wet. What is the insurer
obligated to do. - ANSWER✅✅✅Pay to defend the policy owner in the lawsuit because liability
coverage contains a duty-to-defend provision
A Nonadmitted insurer who provides insurance coverages that are not available form an admitted
insurer is called - ANSWER✅✅✅Surplus lines insurer
A parking garage owner completed major renovations to a parking garage just prior to selling it to
another company. Three months later, overhead concrete fell on to cars in the second floor level. Under
the garage coverage policy conditions, which of the following is true? - ANSWER✅✅✅The damage
occurred when the concrete fell
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? - ANSWER✅✅✅$175,000
A producer has been notified by the commissioner to stop using an unapproved trade name. How many
days does the producer have to change the trade name before facing a fine? - ANSWER✅✅✅10
days
A restaurant is out of business for 3 days after an insured's automobile hits and electrical pole. The pole
fails and hits the building, knocking out all electrical power supply. Which of the following is NOT
covered under the insured driver's auto policy? - ANSWER✅✅✅Lost revenues from the restaurant
A specific coverage part is listed on the commercial package policy declerations page, but there is no
premium shown. What does that mean, - ANSWER✅✅✅There is no coverage.
, Examfx practice test
A Standard Fire Policy may be written to cover all of the following EXCEPT -
ANSWER✅✅✅Reinsurance
A temporary license in this state is valid for - ANSWER✅✅✅180 days
A unique feature in a bilee form is that it covers - ANSWER✅✅✅Customer's property whether or
not the insured has been negligent
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 - ANSWER✅✅✅may not be held liable
All of the following are other coverages included in both the broad and special form dwelling policy
EXCEPT: - ANSWER✅✅✅Theft of personal Property
All of the following are supplemental payments included in the liability section of a personal auto policy
EXCEPT - ANSWER✅✅✅up to $100 for the cost to secure the release of a vehicle from an
impoundment lot following a covered accident
An apartment occupant's personal property would be insured under which homeonwers form? -
ANSWER✅✅✅Tenant broad form (HO-4)
An automobile liability insurance policy, in addition to providing coverage to the insured while within
the state of Louisiana, must provide coverage for operating the vehicle in all of the following states
EXCEPT: - ANSWER✅✅✅Cuba
An insurance company has published a brochure that inaccurately portrays the advantage of a particular
insurance policy. What is this an example of? - ANSWER✅✅✅False advertising
An insured has a liability policy that sets the amount for all claims that arise from a single incident at
$50,000. Which type of limit of liability does this insured's policy have? - ANSWER✅✅✅Per
Occurrence
