PROPERTY AND CASUALTY PRACTICE
PSI EXAM QUESTIONS WITH
COMPLETE ANSWERS
Employees lkkare lkkbarred lkkfrom lkksuing lkkemployers lkkin lkkcourt lkkto lkkobtain
lkkcompensation lkkfor lkkinjuries lkkcovered lkkby lkkworkers' lkkcompensation lkkbecause lkkof
lkkwhich lkkof lkkthe lkkfollowing lkkdoctrines?
-Employer lkkliability
-Exclusive lkkremedy
-Workman lkkliability
-No lkkfault lkkinsurance lkk- lkkAnswerExclusive lkkRemedy
Which lkkof lkkthe lkkfollowing lkkwould lkktrigger lkkcoverage lkkunder lkkbusiness lkkincome
lkkform lkkwith lkkextra lkkexpense lkkcoverage?
-Carpet lkkcleaning lkkafter lkka lkkwater lkkmain lkkbreak
-Employee lkkpay lkkafter lkka lkkbuilding lkkstructure lkkis lkkdamaged
-Building lkkinspectors lkkfees lkkafter lkka lkkloss
-Unit lkkrent lkkwhen lkktenant lkkis lkkliable lkk- lkkAnswerCarpet lkkCleaning lkkafter lkka lkkwater
lkkmain lkkbreak
All lkkof lkkthe lkkfollowing lkkwould lkkbe lkkconsidered lkkan lkkinsured lkkperson lkkunder lkkPart
lkkA lkkof lkka lkkpersonal lkkautomobile lkkpolicy lkkEXCEPT:
-Other lkkpersons lkkor lkkorganizations lkkthat lkkuse lkkthe lkkcar lkkto lkkthe lkkextent lkkthat
lkkthey lkkshare lkkliability lkkwith lkkthe lkkinsured lkkperson.
-Anyone lkkusing lkkthe lkkinsured's lkkcar lkkwith lkkthe lkkinsured's lkkpermission lkkor lkkthe
lkkreasonable lkkbelief lkkthat lkkthey lkkare lkkentitled lkkto lkkdo lkkso.
-The lkknamed lkkinsured lkkand lkkmembers lkkof lkkthe lkkinsured's lkkfamily lkkfor lkkthe
lkkownership, lkkmaintenance lkkand lkkuse lkkof lkkany lkkauto lkkor lkktrailer.
-Other lkkpersons lkkor lkkorganizations lkkfor lkktheir lkkliability lkkfrom lkkan lkkaccident
lkkinvolving lkkan lkkauto lkkor lkktrailer lkkused lkkby lkkthe lkkinsured lkkbut lkkowned lkkby lkkthat
lkkperson lkkor lkkorganization. lkk- lkkAnswerOther lkkpersons lkkor lkkorganizations lkkfor
lkktheir lkkliability lkkfrom lkkan lkkaccident lkkinvolving lkkan lkkauto lkkor lkktrailer lkkused lkkby
lkkthe lkkinsured lkkbut lkkowned lkkby lkkthat lkkperson lkkor lkkorganization.
A lkkDP-2 lkkpolicy lkkcovers lkkall lkkof lkkthe lkkfollowing lkkEXCEPT:
, -damage lkkto lkkawnings lkkfrom lkkweight lkkof lkksnow.
-damage lkkto lkkproperty lkkcaused lkkby lkkburglars.
-freezing lkkof lkkautomatic lkkfire lkksprinkler lkksystems.
-accidental lkkdischarge lkkof lkksteam lkkfrom lkka lkkplumbing lkksystem. lkk-
lkkAnswerdamage lkkto lkkawnings lkkfrom lkkweight lkkand lkksnow
An lkkextended lkkreporting lkkperiod lkkattached lkkto lkka lkkgeneral lkkliability lkkpolicy
lkkprovides lkkcoverage lkkin lkkwhich lkkof lkkthe lkkfollowing lkkways?
-It lkkprovides lkkcoverage lkkfor lkkclaims lkkmade lkkoutside lkkthe lkkpolicy lkkterm.
-It lkkgives lkkan lkkadditional lkk30 lkkdays lkkcoverage lkkbeyond lkkthe lkkpolicy lkkterm.
-It lkkgives lkkan lkkadditional lkk10 lkkyears lkkcoverage lkkbeyond lkkthe lkkpolicy lkkterm.
-It lkkcovers lkkany lkkgap lkkbetween lkkthe lkkclaims-made lkkand lkkoccurrence lkkforms. lkk-
lkkAnswerIt lkkprovides lkkcoverage lkkfor lkkclaims lkkmade lkkoutside lkkthe lkkpolicy lkkterm.
Which lkkof lkkthe lkkfollowing lkkis lkkan lkkexample lkkof lkkrisk lkkreduction?
-Installing lkka lkkfire lkkhose lkksystem lkkon lkkevery lkkfloor lkkof lkka lkkbuilding
-Carrying lkkan lkkadequate lkkamount lkkof lkkinsurance lkkto lkkcover lkkany lkkloss.
-Refusal lkkto lkkwork lkkin lkka lkkbuilding lkkthat lkkis lkknot lkkmade lkkof lkkbrick lkkor lkkconcrete
-Not lkkpurchasing lkkinsurance lkkbecause lkkof lkka lkkpast lkkhistory lkkof lkkzero lkkclaims lkk-
lkkAnswerInstalling lkka lkkfire lkkhose lkksystem lkkon lkkevery lkkfloor lkkof lkka lkkbuilding
Which lkkof lkkthe lkkfollowing lkkpersons lkkis lkkcovered lkkfor lkkaccidental lkkinjury lkkon lkkthe
lkkinsured's lkkpremises lkkunder lkkthe lkkcommercial lkkgeneral lkkliability lkkmedical
lkkpayments?
-a lkktenant lkkof lkkthe lkkpremises
-an lkkemployee lkkof lkkthe lkkinsured
-person lkkinjured lkkin lkkwarfare
-a lkkvolunteer lkkworker lkk- lkkAnswera lkkvolunteer lkkworker
Which lkkHomeowner lkkForm lkkcovers lkkfixtures, lkkinstallations, lkkand lkkimprovements
lkkmade lkkor lkkacquired lkkat lkkthe lkkinsured's lkkexpense?
HO-6
HO-5
HO-4
HO-2 lkk- lkkAnswerHO-4
Which lkkpolicy lkkcondition lkkis lkkinvoked lkkwhen lkkparties lkkto lkkan lkkinsured lkkloss
lkkcannot lkkagree?
-Arbitration
-Assignment
PSI EXAM QUESTIONS WITH
COMPLETE ANSWERS
Employees lkkare lkkbarred lkkfrom lkksuing lkkemployers lkkin lkkcourt lkkto lkkobtain
lkkcompensation lkkfor lkkinjuries lkkcovered lkkby lkkworkers' lkkcompensation lkkbecause lkkof
lkkwhich lkkof lkkthe lkkfollowing lkkdoctrines?
-Employer lkkliability
-Exclusive lkkremedy
-Workman lkkliability
-No lkkfault lkkinsurance lkk- lkkAnswerExclusive lkkRemedy
Which lkkof lkkthe lkkfollowing lkkwould lkktrigger lkkcoverage lkkunder lkkbusiness lkkincome
lkkform lkkwith lkkextra lkkexpense lkkcoverage?
-Carpet lkkcleaning lkkafter lkka lkkwater lkkmain lkkbreak
-Employee lkkpay lkkafter lkka lkkbuilding lkkstructure lkkis lkkdamaged
-Building lkkinspectors lkkfees lkkafter lkka lkkloss
-Unit lkkrent lkkwhen lkktenant lkkis lkkliable lkk- lkkAnswerCarpet lkkCleaning lkkafter lkka lkkwater
lkkmain lkkbreak
All lkkof lkkthe lkkfollowing lkkwould lkkbe lkkconsidered lkkan lkkinsured lkkperson lkkunder lkkPart
lkkA lkkof lkka lkkpersonal lkkautomobile lkkpolicy lkkEXCEPT:
-Other lkkpersons lkkor lkkorganizations lkkthat lkkuse lkkthe lkkcar lkkto lkkthe lkkextent lkkthat
lkkthey lkkshare lkkliability lkkwith lkkthe lkkinsured lkkperson.
-Anyone lkkusing lkkthe lkkinsured's lkkcar lkkwith lkkthe lkkinsured's lkkpermission lkkor lkkthe
lkkreasonable lkkbelief lkkthat lkkthey lkkare lkkentitled lkkto lkkdo lkkso.
-The lkknamed lkkinsured lkkand lkkmembers lkkof lkkthe lkkinsured's lkkfamily lkkfor lkkthe
lkkownership, lkkmaintenance lkkand lkkuse lkkof lkkany lkkauto lkkor lkktrailer.
-Other lkkpersons lkkor lkkorganizations lkkfor lkktheir lkkliability lkkfrom lkkan lkkaccident
lkkinvolving lkkan lkkauto lkkor lkktrailer lkkused lkkby lkkthe lkkinsured lkkbut lkkowned lkkby lkkthat
lkkperson lkkor lkkorganization. lkk- lkkAnswerOther lkkpersons lkkor lkkorganizations lkkfor
lkktheir lkkliability lkkfrom lkkan lkkaccident lkkinvolving lkkan lkkauto lkkor lkktrailer lkkused lkkby
lkkthe lkkinsured lkkbut lkkowned lkkby lkkthat lkkperson lkkor lkkorganization.
A lkkDP-2 lkkpolicy lkkcovers lkkall lkkof lkkthe lkkfollowing lkkEXCEPT:
, -damage lkkto lkkawnings lkkfrom lkkweight lkkof lkksnow.
-damage lkkto lkkproperty lkkcaused lkkby lkkburglars.
-freezing lkkof lkkautomatic lkkfire lkksprinkler lkksystems.
-accidental lkkdischarge lkkof lkksteam lkkfrom lkka lkkplumbing lkksystem. lkk-
lkkAnswerdamage lkkto lkkawnings lkkfrom lkkweight lkkand lkksnow
An lkkextended lkkreporting lkkperiod lkkattached lkkto lkka lkkgeneral lkkliability lkkpolicy
lkkprovides lkkcoverage lkkin lkkwhich lkkof lkkthe lkkfollowing lkkways?
-It lkkprovides lkkcoverage lkkfor lkkclaims lkkmade lkkoutside lkkthe lkkpolicy lkkterm.
-It lkkgives lkkan lkkadditional lkk30 lkkdays lkkcoverage lkkbeyond lkkthe lkkpolicy lkkterm.
-It lkkgives lkkan lkkadditional lkk10 lkkyears lkkcoverage lkkbeyond lkkthe lkkpolicy lkkterm.
-It lkkcovers lkkany lkkgap lkkbetween lkkthe lkkclaims-made lkkand lkkoccurrence lkkforms. lkk-
lkkAnswerIt lkkprovides lkkcoverage lkkfor lkkclaims lkkmade lkkoutside lkkthe lkkpolicy lkkterm.
Which lkkof lkkthe lkkfollowing lkkis lkkan lkkexample lkkof lkkrisk lkkreduction?
-Installing lkka lkkfire lkkhose lkksystem lkkon lkkevery lkkfloor lkkof lkka lkkbuilding
-Carrying lkkan lkkadequate lkkamount lkkof lkkinsurance lkkto lkkcover lkkany lkkloss.
-Refusal lkkto lkkwork lkkin lkka lkkbuilding lkkthat lkkis lkknot lkkmade lkkof lkkbrick lkkor lkkconcrete
-Not lkkpurchasing lkkinsurance lkkbecause lkkof lkka lkkpast lkkhistory lkkof lkkzero lkkclaims lkk-
lkkAnswerInstalling lkka lkkfire lkkhose lkksystem lkkon lkkevery lkkfloor lkkof lkka lkkbuilding
Which lkkof lkkthe lkkfollowing lkkpersons lkkis lkkcovered lkkfor lkkaccidental lkkinjury lkkon lkkthe
lkkinsured's lkkpremises lkkunder lkkthe lkkcommercial lkkgeneral lkkliability lkkmedical
lkkpayments?
-a lkktenant lkkof lkkthe lkkpremises
-an lkkemployee lkkof lkkthe lkkinsured
-person lkkinjured lkkin lkkwarfare
-a lkkvolunteer lkkworker lkk- lkkAnswera lkkvolunteer lkkworker
Which lkkHomeowner lkkForm lkkcovers lkkfixtures, lkkinstallations, lkkand lkkimprovements
lkkmade lkkor lkkacquired lkkat lkkthe lkkinsured's lkkexpense?
HO-6
HO-5
HO-4
HO-2 lkk- lkkAnswerHO-4
Which lkkpolicy lkkcondition lkkis lkkinvoked lkkwhen lkkparties lkkto lkkan lkkinsured lkkloss
lkkcannot lkkagree?
-Arbitration
-Assignment
