Alabama Property and Casualty Exam
Questions And Answers Rated A+ New
Update Assured Satisfaction
Any ambiguities in a P&C policy will be resolved in favor of the policyowner because the
policy is an ?
a. contract of adhesion
b. conditional contract
c. unilateral contract
d. aleatory contract - ✔️✔️Contract of Adhesion
Assuming that Cal's commercial liability policy has an occurrence limit of $100,000 and
an aggregate limit of $500,000. Further assume that so far this year. his insuror has
paid claims of $420,000. When an injured shopper is awarded $90,000, how much will
Cal's policy pay ? - ✔️✔️$80,000
A box of dynamite is a ?
a. moral hazard
b. physical hazard
c. morale hazard
d. excellent addition to a toy collection - ✔️✔️Physical Hazard
A building insured under a BOP loses vandalism coverage after is has been vacant for
_____ days - ✔️✔️60 Days
A business concerned with its liability when employees use their own vehicle on
company business needs
a. Drive Other Car Coverage
b. individual Named Insured Endorsement
c. Employee as Insured Endorsement
d. Symbol #9 Nonowned Autos Only - ✔️✔️Employee as Insured Endorsement
A car wash concerned about its responsibility forncustokers cars should buy -
✔️✔️Garage Endorsement to Business Auto
A company chartered in Guam or Puerto Rico doing regular business in New York
would be considered by New Yorkers to be ?
a. domestic company
b. foreign company
c. alien company
, d. international company - ✔️✔️Foreign Company
A company which provides private passenger vehicles for each of its 10 sales reps
would likely purchase the
a. Business Auto Coverage Form
b. Motor Carrier Coverage Form
c. Auto Dealers Coverage Form
d. Personal Auto Policy - ✔️✔️Business Auto Coverage Form
A demolition company is using dynamite to destroy an old downtown building. Which of
the following applies?
a. negligence
b. strict liability
c. premises liability
d. products liability - ✔️✔️Strict Liability
A binder can expire on all of the following EXCEPT
a. date of application
b. day coverage goes into effect
c. day the binder goes into effect
d. day following notification that the binder has been canceled - ✔️✔️Date of
Application
A binder is an ?
a. interim insuring agreements
b. application
c. counteroffer
d. endorsement - ✔️✔️Interim Insuring Agreement
A person who has responsibility for the financial wellbeing of another is an ?
a. accountant
b. attorney in fact
c. broker
d. fiduciary - ✔️✔️Fiduciary
A theif finds the door to an appliance store has been left unlocked. He enters and take
several bigh screen TVs. The theif has commited
a. burglary
b. robbery
c. theft
d. vandalism - ✔️✔️Theft
Accepting an insurance contract as it is written is known as
a. settled contract
b. aleatory contract
Questions And Answers Rated A+ New
Update Assured Satisfaction
Any ambiguities in a P&C policy will be resolved in favor of the policyowner because the
policy is an ?
a. contract of adhesion
b. conditional contract
c. unilateral contract
d. aleatory contract - ✔️✔️Contract of Adhesion
Assuming that Cal's commercial liability policy has an occurrence limit of $100,000 and
an aggregate limit of $500,000. Further assume that so far this year. his insuror has
paid claims of $420,000. When an injured shopper is awarded $90,000, how much will
Cal's policy pay ? - ✔️✔️$80,000
A box of dynamite is a ?
a. moral hazard
b. physical hazard
c. morale hazard
d. excellent addition to a toy collection - ✔️✔️Physical Hazard
A building insured under a BOP loses vandalism coverage after is has been vacant for
_____ days - ✔️✔️60 Days
A business concerned with its liability when employees use their own vehicle on
company business needs
a. Drive Other Car Coverage
b. individual Named Insured Endorsement
c. Employee as Insured Endorsement
d. Symbol #9 Nonowned Autos Only - ✔️✔️Employee as Insured Endorsement
A car wash concerned about its responsibility forncustokers cars should buy -
✔️✔️Garage Endorsement to Business Auto
A company chartered in Guam or Puerto Rico doing regular business in New York
would be considered by New Yorkers to be ?
a. domestic company
b. foreign company
c. alien company
, d. international company - ✔️✔️Foreign Company
A company which provides private passenger vehicles for each of its 10 sales reps
would likely purchase the
a. Business Auto Coverage Form
b. Motor Carrier Coverage Form
c. Auto Dealers Coverage Form
d. Personal Auto Policy - ✔️✔️Business Auto Coverage Form
A demolition company is using dynamite to destroy an old downtown building. Which of
the following applies?
a. negligence
b. strict liability
c. premises liability
d. products liability - ✔️✔️Strict Liability
A binder can expire on all of the following EXCEPT
a. date of application
b. day coverage goes into effect
c. day the binder goes into effect
d. day following notification that the binder has been canceled - ✔️✔️Date of
Application
A binder is an ?
a. interim insuring agreements
b. application
c. counteroffer
d. endorsement - ✔️✔️Interim Insuring Agreement
A person who has responsibility for the financial wellbeing of another is an ?
a. accountant
b. attorney in fact
c. broker
d. fiduciary - ✔️✔️Fiduciary
A theif finds the door to an appliance store has been left unlocked. He enters and take
several bigh screen TVs. The theif has commited
a. burglary
b. robbery
c. theft
d. vandalism - ✔️✔️Theft
Accepting an insurance contract as it is written is known as
a. settled contract
b. aleatory contract
