PROPERTY & CASUALTY QUESTIONS GA EXAM questions with correct answers

The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. CORRECT ANSWER B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. Which of the following bonds protects an employer fro the actions of dishonest employees? A. Surety B. Fidelity CORRECT ANSWER B.Fidelity A dwelling has been vacant for more than 60 consecutive days. Which of the following would most likely NOT be covered? A. Vandalism B. Smoke C. Fire D. Falling Objects CORRECT ANSWER A. Vandalism