Producer's Property & Casualty Practice Exam (A+ GUARANTEED)

If a nonresident applies for a Utah insurance license, the commissioner shall waive the license requirements for a license and issue the person a nonresident license if the nonresident applicant has met certain requirements. These requirements include all of the following EXCEPT correct answers Has passed the Utah insurance exam Which of the following is most likely to be paid by Ernie's Electric Guitar Shop's CGL Coverage C - Medical Payments? correct answers A customer fell and broke his wrist after he tripped over an electrical cord at Ernie's shop. Which of the following situations could be covered by an HO-4 policy? correct answers Mark lives in a two-story home that he rents Totally Radical Insurance Company is owned by investors called shareholders. This means it is which type of insurer? correct answers Stock Which Crime coverage form provides coverage for losses that occur at any time and discovered during the policy period or an extended reporting period? correct answers Discovery Form Damage caused by floods can be covered by correct answers the National Flood Insurance Program (NFIP). Which condition states that the insurer will not provide coverage for the benefit of any person or organization holding, storing, or transporting property for a fee? correct answers No Benefit to Bailee Which of the following is a reason why a home might NOT qualify for a Homeowners policy? correct answers It is occupied by a tenant and is not occupied by its owner. Which additional coverage pays for reasonable cleanup costs due to a covered peril? correct answers Debris Removal A farm visitor is injured when he walks into Farmer Fanny's chicken coop, taunts a rooster, and is bitten by the rooster. The visitor needs stitches and the doctor bill is $1,200. Farmer Fanny was NOT negligent for the injury. Which Farm Liability coverage is most likely to pay? correct answers Coverage J - Medical Payments Which type of insurance can pay a claim if a doctor is held responsible for a wrongful act that causes someone to be injured? correct answers Medical Malpractice Regarding Inland Marine Transportation coverage, the trucker who is transporting the goods is the correct answers Carrier.