PERSONAL LINES FINAL 2024
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
All of the following eligibility requirements for Homeowners are true EXCEPT:
A. You must own it and live in it
B. Coverage under each form depends on the type of dwelling, its use and its age
C. In most states, no more than four families can occupy the dwelling
D. The house must be a minimum of 1000 square feet and made of brick -
ANSWERS-D. The house must be a minimum of 1000 square feet and made of
brick
QUESTION 2
The Basic Form in a Dwelling Policy automatically includes all of the follwoing
coverages EXCEPT:
A. Coverage A - Dwelling
B. Coverage C - Personal Property
C. Coverage D - Fair Rental Value
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, PERSONAL LINES FINAL 2024
EXAM
D. Coverage E - Additional Living Expense - ANSWERS-D. Coverage E -
Additional Living Expense
QUESTION 3
When coverage is provided under the DP-3 policy, which of the following
statements regarding other structures coverage is CORRECT?
A. It is included within the limit for Coverage A
B. It is provided in addition to the limit for Coverage A
C. It is not provided except by endorsement
D. It is provided only when Coverage B is selected - ANSWERS-B. It is provided
in addition to the limit for Coverage A
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, PERSONAL LINES FINAL 2024
EXAM
QUESTION 4
An agent who offers a rebate to a prospective insured may be charged with a Class
A misdemeanor and be subject to a fine of up to:
A. $10,000
B. $2,000
C. $5,000
D. $6,000 - ANSWERS-C. $5,000
QUESTION 5
The Commissioner of Insurance does not require a state licensing examination for
which of the following:
A. A resident producer
B. A sole proprietor who is 19 years of age
C. A Corporation desiring a producer's license
D. A limited insurance agent selling travel accident insurance - ANSWERS-D. A
limited insurance agent selling travel accident insurance
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, PERSONAL LINES FINAL 2024
EXAM
QUESTION 6
A neighbor is bitten by your Labrador retriever and sues you for $100,000. Which
of the following HO forms would cover the loss?
A. HO2
B. HO3
C. HO4
D. All of the Above - ANSWERS-D. All of the above
QUESTION 7
If an agent should fail to comply with the CE law:
A. They could suffer revocation of their license
B. They have 2 years to complete the courses missed
C. There is only a monetary penalty
D. There is no penalty - ANSWERS-A. They could suffer revocation of their
license
END OF
PAGE 4
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
All of the following eligibility requirements for Homeowners are true EXCEPT:
A. You must own it and live in it
B. Coverage under each form depends on the type of dwelling, its use and its age
C. In most states, no more than four families can occupy the dwelling
D. The house must be a minimum of 1000 square feet and made of brick -
ANSWERS-D. The house must be a minimum of 1000 square feet and made of
brick
QUESTION 2
The Basic Form in a Dwelling Policy automatically includes all of the follwoing
coverages EXCEPT:
A. Coverage A - Dwelling
B. Coverage C - Personal Property
C. Coverage D - Fair Rental Value
END OF
PAGE 1
, PERSONAL LINES FINAL 2024
EXAM
D. Coverage E - Additional Living Expense - ANSWERS-D. Coverage E -
Additional Living Expense
QUESTION 3
When coverage is provided under the DP-3 policy, which of the following
statements regarding other structures coverage is CORRECT?
A. It is included within the limit for Coverage A
B. It is provided in addition to the limit for Coverage A
C. It is not provided except by endorsement
D. It is provided only when Coverage B is selected - ANSWERS-B. It is provided
in addition to the limit for Coverage A
END OF
PAGE 2
, PERSONAL LINES FINAL 2024
EXAM
QUESTION 4
An agent who offers a rebate to a prospective insured may be charged with a Class
A misdemeanor and be subject to a fine of up to:
A. $10,000
B. $2,000
C. $5,000
D. $6,000 - ANSWERS-C. $5,000
QUESTION 5
The Commissioner of Insurance does not require a state licensing examination for
which of the following:
A. A resident producer
B. A sole proprietor who is 19 years of age
C. A Corporation desiring a producer's license
D. A limited insurance agent selling travel accident insurance - ANSWERS-D. A
limited insurance agent selling travel accident insurance
END OF
PAGE 3
, PERSONAL LINES FINAL 2024
EXAM
QUESTION 6
A neighbor is bitten by your Labrador retriever and sues you for $100,000. Which
of the following HO forms would cover the loss?
A. HO2
B. HO3
C. HO4
D. All of the Above - ANSWERS-D. All of the above
QUESTION 7
If an agent should fail to comply with the CE law:
A. They could suffer revocation of their license
B. They have 2 years to complete the courses missed
C. There is only a monetary penalty
D. There is no penalty - ANSWERS-A. They could suffer revocation of their
license
END OF
PAGE 4
