MO PROPERTY AND CASUALTY FINAL EXAMS
ACTUAL QUESTIONS AND ANSWERS SURE A+
✔✔An applicant was denied coverage from the Missouri Automobile Insurance Plan.
She appealed the decision to the Director, who also denied her application. How many
days does the applicant have to file another petition? - ✔✔10
✔✔Which of the following is NOT true regarding a Certificate of Authority? - ✔✔It is
issued to group insurance participants
✔✔In forming an insurance contract, when does acceptance usually occur? - ✔✔When
an insurer's underwriter approves coverage
✔✔Who is NOT considered an employee in a CGL policy? - ✔✔Temporary worker
✔✔If an employer in a state with elective workers compensation laws chooses not to be
subject to those laws, what does the employer lose? - ✔✔Its common law defenses
against liability suits
✔✔An insured owns and operates a commercial business. He has included a business
income coverage form with his commercial package policy. When the insured's
, business is severely damaged by fire, the business income coverage will pay for -
✔✔Net income plus continuing expenses of the business
✔✔How does the mobilehome endorsement affect the other coverage of law or
ordinance in a homeowners policy? - ✔✔It removes the coverage
✔✔What is the maximum amount an insurer will pay under the equipment dealers
pollution cleanup and removal extension of an inland marine policy? - ✔✔$10,000 for all
expenses incurred during a 12-month period
✔✔Which of the following may be covered by electronic data processing coverage form
under an inland marine policy? - ✔✔All of the options
✔✔Which of the following coverages in dwelling and homeowners policies is for indirect
losses? - ✔✔Loss of use
✔✔Which loss listed below would be fully covered by a homeowners policy? -
✔✔$2,000 silver tea set stolen
✔✔In return for premium, an insurance company must - ✔✔Be fair in underwriting and
pay covered losses
✔✔Which of these is defined as the maximum limit of coverage available under a
liability policy during a policy year, regardless of the number of claims that may be made
or the number of accidents that may occur? - ✔✔Aggregate limit of liability
✔✔All of the following are excluded in the equipment breakdown basic policy EXCEPT -
✔✔Explosion of steam boilers
✔✔Supplementary payments on a CGL provide all of the following EXCEPT - ✔✔Up to
$500 a day for lost earnings and $2,000 for the cost of all bail bonds
✔✔Under the professional liability loss settlement provision, what must an insurer do
before offering to pay a claimant to settle a claim? - ✔✔Get the insured's consent
✔✔Under businessowners policy Section I, if an insurer wants to nonrenew a policy for
nonpayment of premium, how many days before the expiration date must the insurer
notify the mortgageholder? - ✔✔10 days
✔✔Which of the following is a common exclusion found in Part D: Coverage for
Damage to Your Auto of a PAP? - ✔✔Mechanical breakdown
ACTUAL QUESTIONS AND ANSWERS SURE A+
✔✔An applicant was denied coverage from the Missouri Automobile Insurance Plan.
She appealed the decision to the Director, who also denied her application. How many
days does the applicant have to file another petition? - ✔✔10
✔✔Which of the following is NOT true regarding a Certificate of Authority? - ✔✔It is
issued to group insurance participants
✔✔In forming an insurance contract, when does acceptance usually occur? - ✔✔When
an insurer's underwriter approves coverage
✔✔Who is NOT considered an employee in a CGL policy? - ✔✔Temporary worker
✔✔If an employer in a state with elective workers compensation laws chooses not to be
subject to those laws, what does the employer lose? - ✔✔Its common law defenses
against liability suits
✔✔An insured owns and operates a commercial business. He has included a business
income coverage form with his commercial package policy. When the insured's
, business is severely damaged by fire, the business income coverage will pay for -
✔✔Net income plus continuing expenses of the business
✔✔How does the mobilehome endorsement affect the other coverage of law or
ordinance in a homeowners policy? - ✔✔It removes the coverage
✔✔What is the maximum amount an insurer will pay under the equipment dealers
pollution cleanup and removal extension of an inland marine policy? - ✔✔$10,000 for all
expenses incurred during a 12-month period
✔✔Which of the following may be covered by electronic data processing coverage form
under an inland marine policy? - ✔✔All of the options
✔✔Which of the following coverages in dwelling and homeowners policies is for indirect
losses? - ✔✔Loss of use
✔✔Which loss listed below would be fully covered by a homeowners policy? -
✔✔$2,000 silver tea set stolen
✔✔In return for premium, an insurance company must - ✔✔Be fair in underwriting and
pay covered losses
✔✔Which of these is defined as the maximum limit of coverage available under a
liability policy during a policy year, regardless of the number of claims that may be made
or the number of accidents that may occur? - ✔✔Aggregate limit of liability
✔✔All of the following are excluded in the equipment breakdown basic policy EXCEPT -
✔✔Explosion of steam boilers
✔✔Supplementary payments on a CGL provide all of the following EXCEPT - ✔✔Up to
$500 a day for lost earnings and $2,000 for the cost of all bail bonds
✔✔Under the professional liability loss settlement provision, what must an insurer do
before offering to pay a claimant to settle a claim? - ✔✔Get the insured's consent
✔✔Under businessowners policy Section I, if an insurer wants to nonrenew a policy for
nonpayment of premium, how many days before the expiration date must the insurer
notify the mortgageholder? - ✔✔10 days
✔✔Which of the following is a common exclusion found in Part D: Coverage for
Damage to Your Auto of a PAP? - ✔✔Mechanical breakdown
