AD Banker Property and casualty exam Louisiana
set Questions with Complete Solutions| Verified
Answers| 2024-25
Which person is not a covered resident under Homeowners policies? - ✔✔The named
insured's tenant
Which of the following is not one of the liability exposures of the CGL? - ✔✔Advertising
injury
The DP-3 insures personal property against the same perils as: - ✔✔The DP-2 Personal
Property Coverage
Which of the following is true concerning Workers' Compensation benefits? - ✔✔Benefits
are be paid to employees for their on-the-job injuries, regardless of negligence an anyone's part
Inland Marine policies generally cover property that is in which of the following locations? -
✔✔On land only
All of the following are true of the Building and Personal Property Coverage Form, except: -
✔✔Tenant's improvements that are not legally removable are included in the Personal
Property of Others Coverage
Which of the following scenarios would be covered by E&O insurance? - ✔✔An agent
neglects to renew a customer's policy after they paid the premium
When coverage applies to a property loss by any peril except those that are specifically
excluded, the policy is written on which basis? - ✔✔Open perils
,Unendorsed Personal Auto policies would refuse to provide liability coverage for: - ✔✔A
vehicle with fewer than four wheels
If the insured fails to use an available fire extinguisher to put out a shed fire that results in
$1,000 damage, how much will an HO-3 policy pay for the claim? - ✔✔Zero
Under flood insurance policies developed by the NFIP, which of the following statements is NOT
correct? - ✔✔Coverage is provided for damage to growing crops
Under commercial property policies, debris removal and fire department service charge
coverages are examples of: - ✔✔Additional Coverages
Dishonest tendencies that increase the probability of loss are known as: - ✔✔Moral hazards
When writing the application for Homeowners insurance, B's agent asked if B had any theft
losses in the past 3 years. B answered no, despite the fact that B was a theft victim 3 times in
the past 3 years. B is guilty of which of the following? - ✔✔Misrepresentation
During a tornado, a factory is destroyed when the roof is blown off, causing electrical wires to
short and start a fire, burning down the building. The proximate cause of the loss is: -
✔✔Tornado
Which of the following is covered by Crop Hail insurance? - ✔✔Damage caused by freezing,
drought, insects and disease
The part of an insurance policy that states where the risk is located is the: - ✔✔Declarations
All of the following statements about binders are true, except: - ✔✔A binder specifies the
premium amount
, Which of the following is correct regarding a temporary license? - ✔✔A temporary license
may be issued to the spouse of a disabled/deceased producer
The Concealment and Fraud condition in a property insurance policy states: - ✔✔The policy
will be voided if there is material concealment, misrepresentation, or fraud on the insured's
part
All of the following are excluded from the Workers' Compensation Law, except: - ✔✔Part
time employees
A Personal Auto policy's liability coverage would protect the insured in the event that: -
✔✔The named insured's resident family member injures someone in an accident while using
a covered auto without the insured's permission
All of the following are true of liability policies, except: - ✔✔They will cover damage to the
insured's own property
Actual cash value may be defined as: - ✔✔The cost to replace or repair property, minus
depreciation
T's office condominium is covered under a Condominium Commercial Unit-Owners Coverage
Form. Which of the following is not covered on a primary basis? - ✔✔Fixtures owned by the
condo association
All of the following statements are correct regarding Coverage E, except: - ✔✔Coverage E is
available under all Dwelling policy forms
A producer in Louisiana intentionally fails to remit premium payments in a timely manner, with
intent to permanently deprive the rightful owner of the premium. The producer is guilty of: -
✔✔Theft
set Questions with Complete Solutions| Verified
Answers| 2024-25
Which person is not a covered resident under Homeowners policies? - ✔✔The named
insured's tenant
Which of the following is not one of the liability exposures of the CGL? - ✔✔Advertising
injury
The DP-3 insures personal property against the same perils as: - ✔✔The DP-2 Personal
Property Coverage
Which of the following is true concerning Workers' Compensation benefits? - ✔✔Benefits
are be paid to employees for their on-the-job injuries, regardless of negligence an anyone's part
Inland Marine policies generally cover property that is in which of the following locations? -
✔✔On land only
All of the following are true of the Building and Personal Property Coverage Form, except: -
✔✔Tenant's improvements that are not legally removable are included in the Personal
Property of Others Coverage
Which of the following scenarios would be covered by E&O insurance? - ✔✔An agent
neglects to renew a customer's policy after they paid the premium
When coverage applies to a property loss by any peril except those that are specifically
excluded, the policy is written on which basis? - ✔✔Open perils
,Unendorsed Personal Auto policies would refuse to provide liability coverage for: - ✔✔A
vehicle with fewer than four wheels
If the insured fails to use an available fire extinguisher to put out a shed fire that results in
$1,000 damage, how much will an HO-3 policy pay for the claim? - ✔✔Zero
Under flood insurance policies developed by the NFIP, which of the following statements is NOT
correct? - ✔✔Coverage is provided for damage to growing crops
Under commercial property policies, debris removal and fire department service charge
coverages are examples of: - ✔✔Additional Coverages
Dishonest tendencies that increase the probability of loss are known as: - ✔✔Moral hazards
When writing the application for Homeowners insurance, B's agent asked if B had any theft
losses in the past 3 years. B answered no, despite the fact that B was a theft victim 3 times in
the past 3 years. B is guilty of which of the following? - ✔✔Misrepresentation
During a tornado, a factory is destroyed when the roof is blown off, causing electrical wires to
short and start a fire, burning down the building. The proximate cause of the loss is: -
✔✔Tornado
Which of the following is covered by Crop Hail insurance? - ✔✔Damage caused by freezing,
drought, insects and disease
The part of an insurance policy that states where the risk is located is the: - ✔✔Declarations
All of the following statements about binders are true, except: - ✔✔A binder specifies the
premium amount
, Which of the following is correct regarding a temporary license? - ✔✔A temporary license
may be issued to the spouse of a disabled/deceased producer
The Concealment and Fraud condition in a property insurance policy states: - ✔✔The policy
will be voided if there is material concealment, misrepresentation, or fraud on the insured's
part
All of the following are excluded from the Workers' Compensation Law, except: - ✔✔Part
time employees
A Personal Auto policy's liability coverage would protect the insured in the event that: -
✔✔The named insured's resident family member injures someone in an accident while using
a covered auto without the insured's permission
All of the following are true of liability policies, except: - ✔✔They will cover damage to the
insured's own property
Actual cash value may be defined as: - ✔✔The cost to replace or repair property, minus
depreciation
T's office condominium is covered under a Condominium Commercial Unit-Owners Coverage
Form. Which of the following is not covered on a primary basis? - ✔✔Fixtures owned by the
condo association
All of the following statements are correct regarding Coverage E, except: - ✔✔Coverage E is
available under all Dwelling policy forms
A producer in Louisiana intentionally fails to remit premium payments in a timely manner, with
intent to permanently deprive the rightful owner of the premium. The producer is guilty of: -
✔✔Theft
