IDAHO PROPERTY AND CASUALTY LATEST
COMPREHENSIVE EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔Under Idaho law, the offered Uninsured/Underinsured Motorist coverage must
cover:
A. Property Damage liability only
B. Both Property Damage liability and Bodily Injury liability
C. Bodily Injury liability only - ✔✔C. Bodily Injury liability only
✔✔Exaggerating policy terms is:
A. discrimination
B. misrepresentation
C. boycotting
D. defamation - ✔✔B. misrepresentation
✔✔A retail producer wants to collect from a client both the premium and a surcharge
fee. Under Idaho law, collecting a client surcharge fee:
A. is specifically prohibited
B. is lawful if the consumer agrees in writing - ✔✔B. is lawful if the consumer agrees in
writing
✔✔Each of the following is a form of "Limited Lines" insurance EXCEPT:
A. Guaranteed Automobile Protection (GAP)
B. Casualty Insurance
C. Pet Insurance
D. Mortgage Disability - ✔✔B. Casualty Insurance
,✔✔The State Fire Marshall must be notified within 7 days if a fire claim involves
personal injury or if the amount of the claim exceeds:
A. $500
B. $1,000
C. $2,500
D. $5,000 - ✔✔B. $1,000
✔✔Each of the following is listed under the Idaho statute defining "transacting
insurance" EXCEPT:
A. premium trust accounting
B. preliminary negotiations
C. solicitation and inducement
D. effectuation of a contract of insurance - ✔✔A. premium trust accounting
✔✔To be eligible for a discount, a mature driver must repeat the course every:
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ✔✔C. 3 years
✔✔The Director of Insurance must examine company records every:
A. 2 years
B. 3 years
C. 5 years
D. 7 years - ✔✔C. 5 years
✔✔When an insurance company issues an appointment to a producer, the insurance
company must notify the Director of Insurance within:
A. 24 hours
B. 3 business days
C. 7 business days
D. 15 days - ✔✔D. 15 days
✔✔An Idaho producer may share a commission with:
A. the producer's client
B. support staff within the producer's office
C. any licensed person
D. another producer with the same type of license - ✔✔D. another producer with the
same type of license
, ✔✔Which of the following statements is false?
A. a motor vehicle liability policy will not cover any liability for a person covered by
worker's compensation
B. an automobile insurer has the right to exclude coverage for a designated person
C. an insurer must have the insured's consent to settle a motor vehicle claim
D. a motor vehicle liability policy will not cover any liability for damage to a property
owned by or rented to the insured - ✔✔C. an insurer must have the insured's consent to
settle a motor vehicle claim
✔✔The Idaho Guaranty fund will pay property claims up to:
A. $100,000
B. $200,000
C. $300,000
D. $500,000 - ✔✔C. $300,000
✔✔The Director of Insurance:
A. holds claim payment funds for insurers
B. investigates insurers
C. holds trust account funds for producers
D. must be on the board of directors of any domestic insurer - ✔✔B. investigates
insurers
✔✔Idaho Work Comp is regulated by:
A. the Idaho legislature
B. the Director of Insurance - ✔✔A. the Idaho legislature
✔✔A person with both licenses in Life, Health, Property, and Casualty must complete
how many hours of continuing education in a biennial 2 year period?
A. 24 hours
B. 48 hours
C. 72 hours
D. 96 hours - ✔✔A. 24 hours
✔✔The Director may fine anyone transacting insurance without a license up to:
A. $5,000
B. $10,000
C. $15,000
D. $20,000 - ✔✔C. $15,000
COMPREHENSIVE EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔Under Idaho law, the offered Uninsured/Underinsured Motorist coverage must
cover:
A. Property Damage liability only
B. Both Property Damage liability and Bodily Injury liability
C. Bodily Injury liability only - ✔✔C. Bodily Injury liability only
✔✔Exaggerating policy terms is:
A. discrimination
B. misrepresentation
C. boycotting
D. defamation - ✔✔B. misrepresentation
✔✔A retail producer wants to collect from a client both the premium and a surcharge
fee. Under Idaho law, collecting a client surcharge fee:
A. is specifically prohibited
B. is lawful if the consumer agrees in writing - ✔✔B. is lawful if the consumer agrees in
writing
✔✔Each of the following is a form of "Limited Lines" insurance EXCEPT:
A. Guaranteed Automobile Protection (GAP)
B. Casualty Insurance
C. Pet Insurance
D. Mortgage Disability - ✔✔B. Casualty Insurance
,✔✔The State Fire Marshall must be notified within 7 days if a fire claim involves
personal injury or if the amount of the claim exceeds:
A. $500
B. $1,000
C. $2,500
D. $5,000 - ✔✔B. $1,000
✔✔Each of the following is listed under the Idaho statute defining "transacting
insurance" EXCEPT:
A. premium trust accounting
B. preliminary negotiations
C. solicitation and inducement
D. effectuation of a contract of insurance - ✔✔A. premium trust accounting
✔✔To be eligible for a discount, a mature driver must repeat the course every:
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ✔✔C. 3 years
✔✔The Director of Insurance must examine company records every:
A. 2 years
B. 3 years
C. 5 years
D. 7 years - ✔✔C. 5 years
✔✔When an insurance company issues an appointment to a producer, the insurance
company must notify the Director of Insurance within:
A. 24 hours
B. 3 business days
C. 7 business days
D. 15 days - ✔✔D. 15 days
✔✔An Idaho producer may share a commission with:
A. the producer's client
B. support staff within the producer's office
C. any licensed person
D. another producer with the same type of license - ✔✔D. another producer with the
same type of license
, ✔✔Which of the following statements is false?
A. a motor vehicle liability policy will not cover any liability for a person covered by
worker's compensation
B. an automobile insurer has the right to exclude coverage for a designated person
C. an insurer must have the insured's consent to settle a motor vehicle claim
D. a motor vehicle liability policy will not cover any liability for damage to a property
owned by or rented to the insured - ✔✔C. an insurer must have the insured's consent to
settle a motor vehicle claim
✔✔The Idaho Guaranty fund will pay property claims up to:
A. $100,000
B. $200,000
C. $300,000
D. $500,000 - ✔✔C. $300,000
✔✔The Director of Insurance:
A. holds claim payment funds for insurers
B. investigates insurers
C. holds trust account funds for producers
D. must be on the board of directors of any domestic insurer - ✔✔B. investigates
insurers
✔✔Idaho Work Comp is regulated by:
A. the Idaho legislature
B. the Director of Insurance - ✔✔A. the Idaho legislature
✔✔A person with both licenses in Life, Health, Property, and Casualty must complete
how many hours of continuing education in a biennial 2 year period?
A. 24 hours
B. 48 hours
C. 72 hours
D. 96 hours - ✔✔A. 24 hours
✔✔The Director may fine anyone transacting insurance without a license up to:
A. $5,000
B. $10,000
C. $15,000
D. $20,000 - ✔✔C. $15,000
