Property & Casualty Practice Exam Questions with all
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
All the following are considered an insured under Part A liability coverage, of the personal auto
policy EXCEPT! ✔Correct Answer-Employer while insured is driving a company car.
A bank customer's identity was compromised and the thieves made numerous purchases from a
retailer by signing the customer's checks. When the bank refused to make payment for the
goods, the retailer brought suit against the bank. which coverage indemnified the bank for
liability in the suit? ✔Correct Answer-Forgery and alteration
Which of the following best describes the CGL's general aggregate annual limit as it applies to
the coverage parts of the CGL? ✔Correct Answer-Coverage A, B and C apply in sum and are
the most that will be paid subject to the general aggregate annual limit.
Which type of crime listed below best describes someone who waits until store personnel are
preoccupied and pockets merchandise while no one is looking and leaves without detection?
✔Correct Answer-Theft
The claims-made liability form provides coverage from a date that precedes the policy effective
date. Which of the following defines that date? ✔Correct Answer-retroactive date
Which of the following is how defense costs are paid in relation to the limit of insurance under
the personal auto policy for bodily injury and property damage part A-liability coverage?
✔Correct Answer-in excess of the limit
A cable company uses employees to install equipment in the customers homes. THe company
purchases a bond from an insurance company to protect itself from potential dishonest acts of
the employees. Which of the following types of bond does the cable company purchase?
✔Correct Answer-fidelity bond
Exclusions common to liability coverage for both the personal auto policy and the business auto
policy include all the following EXCEPT ✔Correct Answer-for liability arising while the insured
auto is being used in an auto business.
An extended reporting period attached to a general liability policy provides coverage in which of
the following ways? ✔Correct Answer-It provides coverage for claims made outside the policy
term.
, Which one of the following persons would be covered for accidental injury on the insured's
premises under Coverage C of the CGL Medical Payments? ✔Correct Answer-A volunteer
worker
In which of the following situations would worker compensation benefits be covered for an
injured employee? ✔Correct Answer-a slip and fall while on the job at work
All of the following are common exclusions in a liability policy EXCEPT ✔Correct Answer-
damage caused by acts of civil disobedience and riots.
An injured employee covered under workers compensation is entitled to reasonably justifiable
expenses for retraining. this benefit falls under which of the following? ✔Correct Answer-
vocational rehabilitation
For the CGL coverages of bodily injury, property damage and medical payments, which of the
following limits of insurance apply if the aggregate limit is NOT met? ✔Correct Answer-per
occurence
Which of the following would be eligible to collect survivor and death benefits from workers
compensation in the event of the covered injury resulting in the death of an employee?
✔Correct Answer-spouse of employee
The insured carries under insured motorists coverage limits of 250/500/250 on his automobile
policy and his vehicle is struck by an at fault motorist who insures with the State minimum for
liability of 20/40/10. If the insured brings suit for bodily injury damages to himself of 500,000
how much will he recover from at fault driver's policy? ✔Correct Answer-20,000
If the insured has a loss with a private passenger nonowned temporary substitute vehicle how
will the loss be treated by the insureds own policy for physical damage? ✔Correct Answer-the
broadest coverage available extends from the insured's policy.
When an insured is driving his covered automobile causes an accident that results in injury, his
automobile causes an accident that results in injury, his automobile medical payments will pay
medical expenses for all of the following EXCEPT. ✔Correct Answer-Any occupant of the other
not at fault vehicle.
Worker's compensation benefits for loss of wages include which of the following? ✔Correct
Answer-replacement of a portion of lost wages
An insured with split liability limits of 100/300/100 is at fault in an automobile accident and the
other vehicle sustains $6500 in property damages as well as two occupants have bodily injury
and are claiming $150000 each. What is the most insurance will pay to each occupant?
✔Correct Answer-$100,000
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
All the following are considered an insured under Part A liability coverage, of the personal auto
policy EXCEPT! ✔Correct Answer-Employer while insured is driving a company car.
A bank customer's identity was compromised and the thieves made numerous purchases from a
retailer by signing the customer's checks. When the bank refused to make payment for the
goods, the retailer brought suit against the bank. which coverage indemnified the bank for
liability in the suit? ✔Correct Answer-Forgery and alteration
Which of the following best describes the CGL's general aggregate annual limit as it applies to
the coverage parts of the CGL? ✔Correct Answer-Coverage A, B and C apply in sum and are
the most that will be paid subject to the general aggregate annual limit.
Which type of crime listed below best describes someone who waits until store personnel are
preoccupied and pockets merchandise while no one is looking and leaves without detection?
✔Correct Answer-Theft
The claims-made liability form provides coverage from a date that precedes the policy effective
date. Which of the following defines that date? ✔Correct Answer-retroactive date
Which of the following is how defense costs are paid in relation to the limit of insurance under
the personal auto policy for bodily injury and property damage part A-liability coverage?
✔Correct Answer-in excess of the limit
A cable company uses employees to install equipment in the customers homes. THe company
purchases a bond from an insurance company to protect itself from potential dishonest acts of
the employees. Which of the following types of bond does the cable company purchase?
✔Correct Answer-fidelity bond
Exclusions common to liability coverage for both the personal auto policy and the business auto
policy include all the following EXCEPT ✔Correct Answer-for liability arising while the insured
auto is being used in an auto business.
An extended reporting period attached to a general liability policy provides coverage in which of
the following ways? ✔Correct Answer-It provides coverage for claims made outside the policy
term.
, Which one of the following persons would be covered for accidental injury on the insured's
premises under Coverage C of the CGL Medical Payments? ✔Correct Answer-A volunteer
worker
In which of the following situations would worker compensation benefits be covered for an
injured employee? ✔Correct Answer-a slip and fall while on the job at work
All of the following are common exclusions in a liability policy EXCEPT ✔Correct Answer-
damage caused by acts of civil disobedience and riots.
An injured employee covered under workers compensation is entitled to reasonably justifiable
expenses for retraining. this benefit falls under which of the following? ✔Correct Answer-
vocational rehabilitation
For the CGL coverages of bodily injury, property damage and medical payments, which of the
following limits of insurance apply if the aggregate limit is NOT met? ✔Correct Answer-per
occurence
Which of the following would be eligible to collect survivor and death benefits from workers
compensation in the event of the covered injury resulting in the death of an employee?
✔Correct Answer-spouse of employee
The insured carries under insured motorists coverage limits of 250/500/250 on his automobile
policy and his vehicle is struck by an at fault motorist who insures with the State minimum for
liability of 20/40/10. If the insured brings suit for bodily injury damages to himself of 500,000
how much will he recover from at fault driver's policy? ✔Correct Answer-20,000
If the insured has a loss with a private passenger nonowned temporary substitute vehicle how
will the loss be treated by the insureds own policy for physical damage? ✔Correct Answer-the
broadest coverage available extends from the insured's policy.
When an insured is driving his covered automobile causes an accident that results in injury, his
automobile causes an accident that results in injury, his automobile medical payments will pay
medical expenses for all of the following EXCEPT. ✔Correct Answer-Any occupant of the other
not at fault vehicle.
Worker's compensation benefits for loss of wages include which of the following? ✔Correct
Answer-replacement of a portion of lost wages
An insured with split liability limits of 100/300/100 is at fault in an automobile accident and the
other vehicle sustains $6500 in property damages as well as two occupants have bodily injury
and are claiming $150000 each. What is the most insurance will pay to each occupant?
✔Correct Answer-$100,000
