State Farm Exam with Verified Answers
the waiting period is 30 days as required by the Nation flood insurance program -
Answers -How long is the waiting period after the application has been accepted before
flood coverage goes into effect?
a customers camera left at a camera shop for repairs - Answers -which of the following
Is covered under the camera and musical instruments dealers floater
the access over the self- insured retention
retention is equivalent of a deductible in property insurance - Answers -when an
umbrella policy is broader than underlying insurance and it pays a loss that is not
covered by the underlying policy, it usually only pays
private insures that wish to write and service national flood insurance policies on a no
risk bearing basis - Answers -Who would participate in a WYO flood insurance
program?
$250,000 - Answers -The regular National Flood Insurance Program would insure an
eligible single-family dwelling for up to
Sewer backup - Answers -what is not considered a flood
earthquake - Answers -what best describes a trembling or shaking of the earth that is
volcanic or seismic in origin
a camera the insured has with him on vacation - Answers -what would be covered by
the brand theft endorsement on a dwelling policy
blanket position
covers all employees in all positions on a per employee basis - Answers -what form
provided the broadest coverage under an employee theft coverage?
overflow of inland or tidal waters
unusual and rapid accumulation or runoff of surface waters from any source
a mudflow
, All of the above - Answers -what would be considered causes for flood conditions
covered by the national flood insurance program?
30 days - Answers -the mail coverage form is always written on a reporting form basis;
after the end of each reporting period shown in the declarations reports are due within
a friend rents their boat and runs it into a neighbors dock
no fees allows - Answers -An insured couple owns a pontoon boat. Which situation
would NOT be covered by their watercraft endorsement under their homeowners
policy?
they are automatically provided with replacement cost coverage - Answers -what is true
regarding single dwellings that are insured to at least 80% of the replacement value
none - (deterioration of a film, exposure of negative film to light, electrical erasure of
tape, none of these - Answers -which of the following would be covered under the film
coverage form
outside the premises - Answers -Which coverage would a business owner need in a
crime policy to cover money that may be stolen from a messenger?
$20 per day; $600 maximum - Answers -Tom's Truck Service's vehicle is stolen. The
policyholder may obtain coverage for transportation expenses subject to which of the
following limits?
faulty packaging of cereal caused spoilage that resulted in someone getting sick
product liability covers damage done by the product but not damage to the product -
Answers -example of product liability claim
the garage coverage form does not cover property damage for a customers vehicle that
is on a service hoist or for bodily injury - Answers -to perform work on customers car, a
mechanic in an auto shop put the vehicle on a service hoist. the hoist collapsed,
damaged the vehicle and injuring the mechanic. in regard to the garage coverage form,
which statement is true
federal employees compensation act - Answers -which federal act provides benefits to
injured civilians who are employed by the federal government
deliberate law violation - Answers -Employment practices liability insurance (EPLI)
would not cover claims arising from
occupational disease caused or aggravated by a condition of employment - Answers -A
plant worker for a chemicals manufacturer was recently diagnosed with a rare blood
disease. She told her doctor that her job required her to handle industrial waste
the waiting period is 30 days as required by the Nation flood insurance program -
Answers -How long is the waiting period after the application has been accepted before
flood coverage goes into effect?
a customers camera left at a camera shop for repairs - Answers -which of the following
Is covered under the camera and musical instruments dealers floater
the access over the self- insured retention
retention is equivalent of a deductible in property insurance - Answers -when an
umbrella policy is broader than underlying insurance and it pays a loss that is not
covered by the underlying policy, it usually only pays
private insures that wish to write and service national flood insurance policies on a no
risk bearing basis - Answers -Who would participate in a WYO flood insurance
program?
$250,000 - Answers -The regular National Flood Insurance Program would insure an
eligible single-family dwelling for up to
Sewer backup - Answers -what is not considered a flood
earthquake - Answers -what best describes a trembling or shaking of the earth that is
volcanic or seismic in origin
a camera the insured has with him on vacation - Answers -what would be covered by
the brand theft endorsement on a dwelling policy
blanket position
covers all employees in all positions on a per employee basis - Answers -what form
provided the broadest coverage under an employee theft coverage?
overflow of inland or tidal waters
unusual and rapid accumulation or runoff of surface waters from any source
a mudflow
, All of the above - Answers -what would be considered causes for flood conditions
covered by the national flood insurance program?
30 days - Answers -the mail coverage form is always written on a reporting form basis;
after the end of each reporting period shown in the declarations reports are due within
a friend rents their boat and runs it into a neighbors dock
no fees allows - Answers -An insured couple owns a pontoon boat. Which situation
would NOT be covered by their watercraft endorsement under their homeowners
policy?
they are automatically provided with replacement cost coverage - Answers -what is true
regarding single dwellings that are insured to at least 80% of the replacement value
none - (deterioration of a film, exposure of negative film to light, electrical erasure of
tape, none of these - Answers -which of the following would be covered under the film
coverage form
outside the premises - Answers -Which coverage would a business owner need in a
crime policy to cover money that may be stolen from a messenger?
$20 per day; $600 maximum - Answers -Tom's Truck Service's vehicle is stolen. The
policyholder may obtain coverage for transportation expenses subject to which of the
following limits?
faulty packaging of cereal caused spoilage that resulted in someone getting sick
product liability covers damage done by the product but not damage to the product -
Answers -example of product liability claim
the garage coverage form does not cover property damage for a customers vehicle that
is on a service hoist or for bodily injury - Answers -to perform work on customers car, a
mechanic in an auto shop put the vehicle on a service hoist. the hoist collapsed,
damaged the vehicle and injuring the mechanic. in regard to the garage coverage form,
which statement is true
federal employees compensation act - Answers -which federal act provides benefits to
injured civilians who are employed by the federal government
deliberate law violation - Answers -Employment practices liability insurance (EPLI)
would not cover claims arising from
occupational disease caused or aggravated by a condition of employment - Answers -A
plant worker for a chemicals manufacturer was recently diagnosed with a rare blood
disease. She told her doctor that her job required her to handle industrial waste
