TSI practice test Question With Complete Solutions

A DP-2 policy would pay a claim for in which scenario? correct answer: rioters set fire to the front porch K has a construction business that is installing an air conditioner. K asks his agent for a policy that would cover the installation until completion. Which policy will Ks agent sell him? correct answer: installation floater Installation Floater correct answer: installation policies provide coverage during installation. Nonresident License correct answer: Agents may receive a nonresident license to sell insurance in other states,without having to take an exam. Negligence correct answer: The failure to act as a reasonable prudent or caring person. Negligence is not intentional When would nonrenewal become effective? correct answer: at the end of the policy period HO-4 policy correct answer: Renters/tenants policy. Personal property covered for broad perils. HO-3 policy correct answer: is special HO-2 Policy correct answer: is broad HO-5 Policy correct answer: is comprehensive (broadest,best) HO-6 Policy correct answer: is condo HO-8 policy correct answer: is historic/market value