P&C practice exam questions with complete solutions 100% correct.

Under the CGL which one of the following is covered under supplementary payments? cost of bail bonds 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? spouse of employee A cable company uses employees to install equipment in 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? fidelity bond An insureds place of business is broken in to and merchandise unlawfully taken during the night, the insured is the victim of which type of crime? : burglary The insured causes an accident in which three persons are injured. One person claims $50,000, the second claims $100,000, and the third claims $250,000. The insured has a combined single limit of $250,000 liability on his automobile policy. What is the sum total the policy will pay? $250,000 All of the following describe a nonowned auto under the commercial auto policy symbol 9 EXCEPT auto not titled to an insured but available for regular use of named insured or family member. Which part of the CGL designates who is an insured? declarations When an insured is driving his covered automobile causes an accident that results in injury, his automobile medical payments will pay medical expenses for all of the following EXCEPT : any occupant of the other not at fault vehicle For the purpose of workers? compensation insurance all of the following are subject to the workers? compensation laws, either as an employer or employee EXCEPT : a crew member of an ocean going vessel. Under the insured?s personal auto policy, which of the following is CORRECT for a newly acquired car to be covered prior to reporting it to the insurance company? all coverage extends if the insured reports the car within fourteen days Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT unknowingly inflicting injury that violates the rights of another When an employer sends employees out of state on work related business, which of the following must he do to ensure the appropriate workers? compensation coverage? list the state on the information page for other states' coverage Which of the following types of crime best describe the unlawful act of taking property from the care and custody of another person while threatening to cause bodily harm? robbery Employees are barred from suing employers in court to obtain compensation for injuries covered by workers? compensation because of which of the following doctrines? exclusive remedy 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? a volunteer worker Which of the following business liability exposures does a slip and fall loss fall under? premises and operations All of the following are considered an insured under the liability part of a personal auto insurance policy EXCEPT a stranger who takes the car without permission. All of the following are exclusions are found under the personal auto policy Part A liability coverage, EXCEPT bodily Injury to an insured?s nonresident family member or relative. Which of the following forms trigger coverage for a loss under the commercial general liability policy if a loss happens during the policy period? occurrence form An injured employee covered under workers? compensation is entitled to reasonably justifiable expenses for retraining. This benefit falls under which of the following? vocational rehabilitation Exclusions common to liability coverage for both the personal auto policy and the business auto policy include all of the following EXCEPT : for liability arising while the insured auto is being used in an auto business Bodily injury means injury arising out of all the following EXCEPT slander When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of the following automobile types will be covered? owned autos only Which of the following is correct for amounts paid as supplementary payments covered in the personal auto policy Part A liability? They do not reduce the policy limit Which of the following best describes the CGL?s general aggregate annual limit as it applies to the coverage parts of the CGL? Coverage A, B and C apply in sum and are the most that will be paid subject to the general aggregate annual limit. The insured carries uninsured motorist coverage limits of 100/300/100 and is struck by an uninsured motorist, who will pay insured?s bodily injury damages claimed for $100,000? the insured?s insurance company The claims-made liability form provides coverage from a date that precedes the policy effective date. Which of the following defines that date? retroactive date Which of the following professionals would purchase Errors And Omissions insurance to manage the liability risk associated with their business endeavors? attorney The insured has a commercial auto policy with a drive other car broadened coverage liability for named individuals (DOC) endorsement. In which of the following would the named individual be covered? driving neighbor?s auto Which of the following provides insurance for employers when workers not covered by workers? compensation insurance are injured on the job and sue for compensation? employer liability All of the following losses are excluded from the DP-1 basic policy form EXCEPT : lightning strike Which exposure is unique to mobile homes? loss from collision damage Which of the following does HO-6 provide coverage for personal property of a condominium owner Federal Crop Insurance is a type of insurance sometimes called which one of the following? residual market Which of the following created The National Flood Insurance Program? the United States Congress