PGA PGM 3.0 Level 1 Teaching and Coaching Test 2025 With 70
Exam Prep Questions And Correct Verified Answers/ Pga Pgm Level
1 3.0 Teaching & Coaching Qs & As (Brand New!)
The following are basic characteristics of a property or liability
insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - ANSWER-Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be
conditioned on the insured having used reasonable means to avoid
the loss, to protect the property against further loss, and to give the
insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - ANSWER-Conditional Contract
"may be conditioned"
Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal
property of others in the care, custody or control of the association
and located at the premises:
A. Condominium Association Form
,B. Condominium Unit Owners Form
C. Condominium Insured Owner Form
D. None of the Above - ANSWER-A. Condominium Association Form
This, along with Condo Unit Owners Form, is located under Condo
Coverage.
Sometimes referred to as commercial fire and allied lines, this is the
form of insurance that covers direct and indirect losses related to
properties other than one-to-four family dwellings and farm
properties:
A. Business Property Insurance
B. Building Property Insurance
C. Commercial Property Insurance
D. None of the Above - ANSWER-C. Commercial Property Insurance
(the question is the definition for this term)
Under Commercial Property Policies, Florida law requires an insurer
to give the insured at least __________days advance written notice
of non-renewal.
A. 25
B. 90
C. 45
D. None of the Above - ANSWER-C. 45
Also, notice must state reasons the policy is not to be renewed.
, Liberalization states, "The insured gets the benefit of any broadened
coverage if the company, within __________ days of inception,
adopts a form revision that is broader and without increase in
premium."
A. 10 days
B. 55 days
C. 65 days
D. 45 days - ANSWER-D. 45 days
Protects against loss of business income that results from damage to
covered property from a covered cause of loss.
A. Business Income Insurance Coverage
B. Business Income Replacement Coverage
C. Business Income Actual Value Coverage
D. None of the Above - ANSWER-A. Business Income Insurance
Coverage
Period of restoration begins 72 hours after date of direct damage. In
effect, coverage has a 72 hour deductible.
Coverage ends on either 1. date when damaged property could be
repaired, rebuilt, or replaced 2. date business resumes operations at
new, permanent location (whichever comes first)
Three full-time employees from a local furniture company are horsing
around and one is pushed into a machine that cut his foot. How will
the company's General Liability respond?
A. The Med Pay Section must pay Primary
Exam Prep Questions And Correct Verified Answers/ Pga Pgm Level
1 3.0 Teaching & Coaching Qs & As (Brand New!)
The following are basic characteristics of a property or liability
insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - ANSWER-Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be
conditioned on the insured having used reasonable means to avoid
the loss, to protect the property against further loss, and to give the
insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - ANSWER-Conditional Contract
"may be conditioned"
Insures a condominium association against direct physical loss or
damage to buildings, business personal property and personal
property of others in the care, custody or control of the association
and located at the premises:
A. Condominium Association Form
,B. Condominium Unit Owners Form
C. Condominium Insured Owner Form
D. None of the Above - ANSWER-A. Condominium Association Form
This, along with Condo Unit Owners Form, is located under Condo
Coverage.
Sometimes referred to as commercial fire and allied lines, this is the
form of insurance that covers direct and indirect losses related to
properties other than one-to-four family dwellings and farm
properties:
A. Business Property Insurance
B. Building Property Insurance
C. Commercial Property Insurance
D. None of the Above - ANSWER-C. Commercial Property Insurance
(the question is the definition for this term)
Under Commercial Property Policies, Florida law requires an insurer
to give the insured at least __________days advance written notice
of non-renewal.
A. 25
B. 90
C. 45
D. None of the Above - ANSWER-C. 45
Also, notice must state reasons the policy is not to be renewed.
, Liberalization states, "The insured gets the benefit of any broadened
coverage if the company, within __________ days of inception,
adopts a form revision that is broader and without increase in
premium."
A. 10 days
B. 55 days
C. 65 days
D. 45 days - ANSWER-D. 45 days
Protects against loss of business income that results from damage to
covered property from a covered cause of loss.
A. Business Income Insurance Coverage
B. Business Income Replacement Coverage
C. Business Income Actual Value Coverage
D. None of the Above - ANSWER-A. Business Income Insurance
Coverage
Period of restoration begins 72 hours after date of direct damage. In
effect, coverage has a 72 hour deductible.
Coverage ends on either 1. date when damaged property could be
repaired, rebuilt, or replaced 2. date business resumes operations at
new, permanent location (whichever comes first)
Three full-time employees from a local furniture company are horsing
around and one is pushed into a machine that cut his foot. How will
the company's General Liability respond?
A. The Med Pay Section must pay Primary
