Property and Casualty Insurance
Mastery Exam A Questions and Correct
Answers Graded A+ Guaranteed
Verified by Experts
1. An insured rents a car while on vacation in Canada and causes
an accident. Is there coverage under his personal auto policy?: The loss is
covered under an unendorsed personal auto policy.
2. Under the workers' compensation laws, which of the following
would NOT be covered?: Heart-related illness resulting from hereditary causes
3. An insurance policy covers fire, will not cover nuclear
contamination, and loss must be reported as soon as possible. In this
order, where are these facts found in the policy?: Insuring agreement,
exclusions, and conditions
4. Which of the following principles holds that a person should not
profit by collecting on insurance?: Principle of indemnity
5. Which of the following is NOT a benefit of workers'
compensation insurance?: Pain and suffering
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,6. The building and personal property form covers all the following
EXCEPT: -
highway billboards
7. The personal auto policy's comprehensive physical damage
coverage covers all of the following EXC: freezing
8. Who is responsible for controlling the content, form, and
distribution of insurance policy advertisements?: The insurer
9. An automobile policy may be canceled for any of the
following reasons EXCEPT: being involved in a hit-and-run accident for which the
insured was not at fault
10. The Terrorism Risk Insurance Act provides federal
compensation for insured losses resulting from acts of terrorism. All
of the following would qualify as acts of terrorism EXCEPT: acts causing property
damage and loss of life in foreign countries
11. Which of the following is NOT a commercial general liability
exposure?: -
Owned investment portfolio
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, 12. Open peril coverage for both the dwelling and personal
property is provided by the: HO-5
13. All of the following would be covered property by the CPP
building and personal property form EXCEPT: bailee property
14. An agent license is renewed by paying the applicable
renewal fee and completing: continuing education
15. In an insurance transaction, who does a licensed agent
legally represent?-
: Insurer
16. The listing of the perils covered under a policy is found in: the
insuring agreement
17. If a loss paid by a workers' compensation policy was caused
by a negligent third party, the insurer retains the right to: subrogate
18. The term unoccupied means: the insured has gone on vacation
19. States give an insurer permission to transact insurance
with a certificate of: authority
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Mastery Exam A Questions and Correct
Answers Graded A+ Guaranteed
Verified by Experts
1. An insured rents a car while on vacation in Canada and causes
an accident. Is there coverage under his personal auto policy?: The loss is
covered under an unendorsed personal auto policy.
2. Under the workers' compensation laws, which of the following
would NOT be covered?: Heart-related illness resulting from hereditary causes
3. An insurance policy covers fire, will not cover nuclear
contamination, and loss must be reported as soon as possible. In this
order, where are these facts found in the policy?: Insuring agreement,
exclusions, and conditions
4. Which of the following principles holds that a person should not
profit by collecting on insurance?: Principle of indemnity
5. Which of the following is NOT a benefit of workers'
compensation insurance?: Pain and suffering
1/
18
,6. The building and personal property form covers all the following
EXCEPT: -
highway billboards
7. The personal auto policy's comprehensive physical damage
coverage covers all of the following EXC: freezing
8. Who is responsible for controlling the content, form, and
distribution of insurance policy advertisements?: The insurer
9. An automobile policy may be canceled for any of the
following reasons EXCEPT: being involved in a hit-and-run accident for which the
insured was not at fault
10. The Terrorism Risk Insurance Act provides federal
compensation for insured losses resulting from acts of terrorism. All
of the following would qualify as acts of terrorism EXCEPT: acts causing property
damage and loss of life in foreign countries
11. Which of the following is NOT a commercial general liability
exposure?: -
Owned investment portfolio
2/
18
, 12. Open peril coverage for both the dwelling and personal
property is provided by the: HO-5
13. All of the following would be covered property by the CPP
building and personal property form EXCEPT: bailee property
14. An agent license is renewed by paying the applicable
renewal fee and completing: continuing education
15. In an insurance transaction, who does a licensed agent
legally represent?-
: Insurer
16. The listing of the perils covered under a policy is found in: the
insuring agreement
17. If a loss paid by a workers' compensation policy was caused
by a negligent third party, the insurer retains the right to: subrogate
18. The term unoccupied means: the insured has gone on vacation
19. States give an insurer permission to transact insurance
with a certificate of: authority
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18
