ExamFx property and casualty | 976 Questions with 100% Correct Answers | 141 Pages

1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acquired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. - 2. Coverage by endorsement. 2. Personal business property out in the open is covered under Commercial Property Policy only while (Choose from the following options) 1. Within 150 feet of the described premises. 2. Within 100 feet of the described premises. 3. Located on the described premises. 4. Specifically described on the declarations. - 2. Within 100 feet of the described premises. 3. Under a Commercial Crime Coverage Part, following a covered loss, the insured must submit a written proof of loss within (Choose from the following options) 1. 60 days. 2. 90 days. 3. 120 days. 4. One year. - 3. 120 days. 4. Which of the following provisions requires an insurer to document all correspondence with an insured? (Choose from the following options) 1. Claims settlement 2. Entire contract 3. Errors and omissions 4. Unfair trade practices - 3. Errors and omissions 5. Which statement is true regarding Workers Compensation law in California?(Choose from the following options) 1. Injured workers may sue an employer for negligence only when fault is clearly established against the employer. 2. Injured workers may always sue an employer for negligence regardless of the degree of fault against the employer. 3. Injured workers cannot sue an employer for negligence. 4. Injured workers may sue an employer for negligence when any degree of fault is established against the employer. - 3. Injured workers cannot sue an employer for negligence. 6. In order to determine whether to test a life insurance applicant for HIV or AIDS, the insurer may do which of the following: I. Base its decision to test on the incidence of AIDS in the person's ZIP code; II. Test only persons who are single and under age 30; III. Establish minimum uniform standards for testing all applicants for insurance; or IV. Not test anyone for HIV or AIDS, because it is discriminatory.