Exam FX practice test Questions With Complete Solutions

Which of the following is NOT correct regarding false statements by a person engaged in the business of insurance ? correct answer: Only written statements can be considered fraud An insured is driving her car through a residential area when she loses control and crashes into a neighbor's front porch. The neighbor, who was sitting on the porch, is injured. The insured's liability policy has a limit of $500,000. This amount applies to the total of damages for any bodily injury and property damage resulting from one accident. Which type of limit of liability does the insured have? correct answer: Combined single How long is the waiting period after the application has been accepted before flood coverage goes into effect? correct answer: 30 days Which of the following circumstances would be EXCLUDED under medical payments coverage of a personal auto policy? correct answer: The insured is injured while driving his motorcycle on his resident premises If an insurer advertises material that exaggerated the divided that a policy pays ,what kinds of illegal act it's committing? correct answer: Misrepresentation Which term describes an individual who is domiciled and Licensed as a resident producer and than Washington ? correct answer: Nonresident producer Which of the following is issued by the state Department of insurance to show that the insurer as power to write insurance contacts in that state? correct answer: Certificate of Authority Following is NOT a valid reason to deny an insurance claim under a Personal Injury Protection Endorsement? correct answer: The injury claim was related to an auto mobile accident In Washington , the FAIR Plan is administered by correct answer: The Industry Placement Facility