PEARSON VUE PRACTICE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADE A+

Which of the following sections of an insurance policy would explain the term "auto" ? A.Declarations A. Declarations B.Definitions B. Definitions C.Insuring agreement C. Insuring agreement D.Obligations of the insurance company D. Obligations of the insurance company Correct Answer: B 2 In an application for marine insurance, a yacht owner states that the yacht will only be sailed on inland waters. If the insured subsequently sails the yacht on the seas, coverage may be denied because the insured has breached: A.the Inchmaree clause A. the Inchmaree clause B.the policy clause B. the policy clause C.a representation C. a representation D.a warranty D. a warranty Correct Answer: D The attempt to restore an insured to the insured's previous financial condition before the loss occurred is BEST described as: A.indemnification A. indemnification B.subrogation 3 B. subrogation C.coinsurance C. coinsurance D.self-insurance D. self-insurance Correct Answer: A Which of the following injuries is covered under the Medical Payments section of an insured's Commercial General Liability policy? A.An employee breaks an ankle in the insured's warehouse. A. An employee breaks an ankle in the insured's warehouse. B.An individual is injured while participating in an athletic event on the insured's property. B. An individual is injured while participating in an athletic event on the insured's property. C.A supplier is injured while visiting the insured's showroom. C. A supplier is injured while visiting the insured's showroom