Property and Casualty Insurance KY questions with correct answers 2024

Property and Casualty Insurance KYAll of the following are casualty coverages EXCEPT A. Auto Insurance B. Fidelity and Surety Bonds C. Ocean Marine insurance D. Crime Insurance - correct answer C. Ocean Marine Insurance Which of the following describes the major responsibilities of an insurance company's claims department? A. Uses company standards and experience to determine whether or not to accept an application for insurance. B. Inspects losses, determines if there is coverage, estimates indemnification and sees that insureds are indemnified. C. Uses statistical data accumulated from various sources to determine insurance rates. D. Makes inspections and recommends actions for the prevention and control of losses. - correct answer B. Inspects losses, determines if there is coverage, estimates indemnification and sees that insureds are indemnified. What homeowners form is also known as the tenants or renters form? A. H0-4 B. H0-6 C. Both 1 and 2 D. Neither 1 or 2 - correct answer A. H0-4 Which of the following is covered property under the Homeowners Policy? A. Property of boarders B. Firearms C. CB radio and tape decks installed in a motor vehicle