GA P&C Chapter 3 Exam Practice Questions and Answers 100% Pass

GA P&C Chapter 3 Exam Practice
Questions and Answers 100% Pass


The named Insured is identified in which section of the policy? -

ANSWER✔✔-Declaration


The Fair Credit Reporting Act: - ANSWER✔✔-allows consumers to insert

corrective statements in their consumer reports.


The insured intentionally did not inform the insurer that the insured

owned only 35% of the property. This is an example of: - ANSWER✔✔-

concealment


Which section of the policy contains the policy limits? - ANSWER✔✔-

Declaration


Which section of the policy contains the Insurer's obligation to repair,

replace or pay? - ANSWER✔✔-Insuring AgreementsInsuring Agreements


Evidence of temporary coverage is a: - ANSWER✔✔-binder



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, Which section of a property policy requires the Insured to submit a sworn

proof of loss form? - ANSWER✔✔-Conditions


Contracts require each of the following EXCEPT - ANSWER✔✔-

notarization


The applicant believes the statement to be true with a/an? - ANSWER✔✔-

representation


Which section of the policy contains the Insured's obligation to give notice

of a loss? - ANSWER✔✔-Conditions


To determine the applicant's financial standing, an Insurer may use a: -

ANSWER✔✔-credit report.


Insurance covers - ANSWER✔✔-All of the above


A binder is: - ANSWER✔✔-temporary substitute for a permanent policy


The conditions section of the policy contains - ANSWER✔✔-the insured's

obligations if a loss occurs


Which section of the policy specifies the Insured's responsibilities -

ANSWER✔✔-Conditions

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