AD BANKER PROPERTY & CASUALTY PRACTICE
TEST
Warranty - Answers - An applicant makes a statement on the insurance application
which becomes part of the contract that she has an alarm system which qualifies her for
a premium discount. This statement is considered a ________.
Consideration - Answers - In an insurance contract, the value that each party gives the
other is called the _____________.
Admitted - Answers - An insurer that is authorized to do business in a particular state is
said to be ________.
Insuring Agreement - Answers - Which part of a property insurance policy describes the
perils?
A Proof of Loss - Answers - The formal statement that verifies details so the insurer can
determine liability is called _ _____ __ ____.
Only on-premises coverage is available - Answers - All of the following are true
regarding the Broad Theft Endorsement on a Dwelling policy, except:
A. It applies only to owner occupied structures
B. It may be added to any of the Dwelling forms
C. It also includes vandalism resulting from theft
D. Only on-premises coverage is available
Bodily injury caused by an insured's activities while picnicking at a city park - Answers -
Section II of a Homeowner's policy may cover which of the following incidents?
A. Bodily injury caused by an insured's activities while picnicking at a city park
B. An insured's guest damages the stair railing during a visit
C. The insured hits and injures a swimmer while enjoying a ride in an owned inboard
motorboat
D. The homeowner's family dog bites their 2 year old son
It extends Section II coverages to the insured's home day care business - Answers -
Which of the following is true concerning the Home Day Care Coverage Endorsement to
the Homeowners Policy?
A. It covers injury to an employee, as well as attendees, arising out of day care
operations
B. It provides Commercial General Liability coverage for the day care operation
C. It extends Section II coverages to the insured's home day care business
, D. It covers injury to attendees while loading or unloading them from draft or saddle
animals
Property of the insured - Answers - Which of the following are covered under section II
of the Homeowners Policy, except:
A. Medical expenses for an accident arising out of the premises or non-business
activities of an insured
B. The insured's liability for bodily injury to others
C. Property of the insured
D. The insured's liability for damages to property of others
Bodily Injury to a guest caused by the insured's pet dog - Answers - Coverage E of a
Homeowners Policy would cover which of the following?
A. The transmission of a communicable disease by an insured
B. Bodily Injury arising out of the sale of a controlled substance
C. Bodily Injury to a guest caused by the insured's pet dog
D. Bodily Injury to an insured
It extends Section II coverages to the insured's home day care business - Answers -
Which of the following is true concerning the Home Day Care Coverage Endorsement to
the Homeowners Policy?
A. It covers injury to an employee, as well as attendees, arising out of day care
operations
B. It provides Commercial General Liability coverage for the day care operation
C. It extends Section II coverages to the insured's home day care business
D. It covers injury to attendees while loading or unloading them from draft or saddle
animals
It is similar in design to a Homeowners Policy and similar in coverage to the Personal
Auto Policy - Answers - Which of the following is true regarding the Boatowners Policy?
A. Losses are settled on a replacement cost basis
B. It provides named perils coverage for the boat and motor
C. It is similar in design to a Homeowners Policy and similar in coverage to the Personal
Auto Policy
D. It does not include liability coverage
Multi-peril crop insurance is reinsurance by the federal government by FCIC - Answers -
Which of the following statements regarding Multi-Peril Crop Insurance is correct:
A. Multi-peril crop insurance protects against the perils of lightning, wind, and pollution
B. Multi-peril crop insurance is reinsured by the federal government by FCIC
TEST
Warranty - Answers - An applicant makes a statement on the insurance application
which becomes part of the contract that she has an alarm system which qualifies her for
a premium discount. This statement is considered a ________.
Consideration - Answers - In an insurance contract, the value that each party gives the
other is called the _____________.
Admitted - Answers - An insurer that is authorized to do business in a particular state is
said to be ________.
Insuring Agreement - Answers - Which part of a property insurance policy describes the
perils?
A Proof of Loss - Answers - The formal statement that verifies details so the insurer can
determine liability is called _ _____ __ ____.
Only on-premises coverage is available - Answers - All of the following are true
regarding the Broad Theft Endorsement on a Dwelling policy, except:
A. It applies only to owner occupied structures
B. It may be added to any of the Dwelling forms
C. It also includes vandalism resulting from theft
D. Only on-premises coverage is available
Bodily injury caused by an insured's activities while picnicking at a city park - Answers -
Section II of a Homeowner's policy may cover which of the following incidents?
A. Bodily injury caused by an insured's activities while picnicking at a city park
B. An insured's guest damages the stair railing during a visit
C. The insured hits and injures a swimmer while enjoying a ride in an owned inboard
motorboat
D. The homeowner's family dog bites their 2 year old son
It extends Section II coverages to the insured's home day care business - Answers -
Which of the following is true concerning the Home Day Care Coverage Endorsement to
the Homeowners Policy?
A. It covers injury to an employee, as well as attendees, arising out of day care
operations
B. It provides Commercial General Liability coverage for the day care operation
C. It extends Section II coverages to the insured's home day care business
, D. It covers injury to attendees while loading or unloading them from draft or saddle
animals
Property of the insured - Answers - Which of the following are covered under section II
of the Homeowners Policy, except:
A. Medical expenses for an accident arising out of the premises or non-business
activities of an insured
B. The insured's liability for bodily injury to others
C. Property of the insured
D. The insured's liability for damages to property of others
Bodily Injury to a guest caused by the insured's pet dog - Answers - Coverage E of a
Homeowners Policy would cover which of the following?
A. The transmission of a communicable disease by an insured
B. Bodily Injury arising out of the sale of a controlled substance
C. Bodily Injury to a guest caused by the insured's pet dog
D. Bodily Injury to an insured
It extends Section II coverages to the insured's home day care business - Answers -
Which of the following is true concerning the Home Day Care Coverage Endorsement to
the Homeowners Policy?
A. It covers injury to an employee, as well as attendees, arising out of day care
operations
B. It provides Commercial General Liability coverage for the day care operation
C. It extends Section II coverages to the insured's home day care business
D. It covers injury to attendees while loading or unloading them from draft or saddle
animals
It is similar in design to a Homeowners Policy and similar in coverage to the Personal
Auto Policy - Answers - Which of the following is true regarding the Boatowners Policy?
A. Losses are settled on a replacement cost basis
B. It provides named perils coverage for the boat and motor
C. It is similar in design to a Homeowners Policy and similar in coverage to the Personal
Auto Policy
D. It does not include liability coverage
Multi-peril crop insurance is reinsurance by the federal government by FCIC - Answers -
Which of the following statements regarding Multi-Peril Crop Insurance is correct:
A. Multi-peril crop insurance protects against the perils of lightning, wind, and pollution
B. Multi-peril crop insurance is reinsured by the federal government by FCIC