Nevada Insurance Exam Practice With
complete solution | RATED A+
Which of the following is NOT the consideration in a policy?
ii ii ii ii ii ii ii ii ii ii
A) The application given to a prospective insured
ii ii ii ii ii ii ii ii
B) Something of value exchanged between parties
ii ii ii ii ii ii ii
C) The premium amount paid at the time of application
ii ii ii ii ii ii ii ii ii
D) The promise to pay covered losses - A) The application given to a prospective insured
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Consideration is something of value that is transferred between the two parties to form a ii ii ii ii ii ii ii ii ii ii ii ii ii ii
legal contract.
ii ii
In the personal auto policy, owned trailers being towed by an insured auto are
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
automatically covered for...
ii ii ii
A)Collision coverage ii
B)Uninsured motorist coverage ii ii
C)Towing coverage ii
D)Comprehensive (other-than-collision) coverage. - B) Uninsured motorist coverage ii ii ii ii ii ii ii ii ii ii
Trailers, while being towed by an insured auto, are covered automatically for bodily injury
ii ii ii ii ii ii ii ii ii ii ii ii ii
(BI), property damaged (PD), and uninsured motorist (U/M) under part A of a personal auto
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
policy
ii
Which of the following types of property would be covered in homeowners' coverage
ii ii ii ii ii ii ii ii ii ii ii ii ii
forms?
ii
A) Structures rented to others who are not tenants of the dwelling
ii ii ii ii ii ii ii ii ii ii ii
B) Animals, birds, or fish
ii ii ii ii
C) Landlord furnishings in an on-premises apartment
ii ii ii ii ii ii
D) Structures used for business purposes - C) Landlord furnishings in an on-premises
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
apartment
ii
Landlord furnishing in an on-premises apartment are covered for up to $2,500. All the other
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
types of property would be excluded from coverage under homeowners forms.
ii ii ii ii ii ii ii ii ii ii ii
An insured is driving her automobile and strikes a large pothole that causes a flat tire.
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Which coverage of the insured's personal auto policy will pay for the repair?
ii ii ii ii ii ii ii ii ii ii ii ii ii
complete solution | RATED A+
Which of the following is NOT the consideration in a policy?
ii ii ii ii ii ii ii ii ii ii
A) The application given to a prospective insured
ii ii ii ii ii ii ii ii
B) Something of value exchanged between parties
ii ii ii ii ii ii ii
C) The premium amount paid at the time of application
ii ii ii ii ii ii ii ii ii
D) The promise to pay covered losses - A) The application given to a prospective insured
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Consideration is something of value that is transferred between the two parties to form a ii ii ii ii ii ii ii ii ii ii ii ii ii ii
legal contract.
ii ii
In the personal auto policy, owned trailers being towed by an insured auto are
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
automatically covered for...
ii ii ii
A)Collision coverage ii
B)Uninsured motorist coverage ii ii
C)Towing coverage ii
D)Comprehensive (other-than-collision) coverage. - B) Uninsured motorist coverage ii ii ii ii ii ii ii ii ii ii
Trailers, while being towed by an insured auto, are covered automatically for bodily injury
ii ii ii ii ii ii ii ii ii ii ii ii ii
(BI), property damaged (PD), and uninsured motorist (U/M) under part A of a personal auto
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
policy
ii
Which of the following types of property would be covered in homeowners' coverage
ii ii ii ii ii ii ii ii ii ii ii ii ii
forms?
ii
A) Structures rented to others who are not tenants of the dwelling
ii ii ii ii ii ii ii ii ii ii ii
B) Animals, birds, or fish
ii ii ii ii
C) Landlord furnishings in an on-premises apartment
ii ii ii ii ii ii
D) Structures used for business purposes - C) Landlord furnishings in an on-premises
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
apartment
ii
Landlord furnishing in an on-premises apartment are covered for up to $2,500. All the other
ii ii ii ii ii ii ii ii ii ii ii ii ii ii
types of property would be excluded from coverage under homeowners forms.
ii ii ii ii ii ii ii ii ii ii ii
An insured is driving her automobile and strikes a large pothole that causes a flat tire.
ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Which coverage of the insured's personal auto policy will pay for the repair?
ii ii ii ii ii ii ii ii ii ii ii ii ii
