Property And Casualty Insurance
Mastery Exam A Questions And Answers
An binsured brents ba bcar bwhile bon bvacation bin bCanada band bcauses ban baccident. bIs
bthere bcoverage bunder bhis bpersonal bauto bpolicy? b- bcorrect banswers✔✔The bloss bis
bcovered bunder ban bunendorsed bpersonal bauto bpolicy.
Under bthe bworkers' bcompensation blaws, bwhich bof bthe bfollowing bwould bNOT bbe
bcovered? b- bcorrect banswers✔✔Heart-related billness bresulting bfrom bhereditary
bcauses
An binsurance bpolicy bcovers bfire, bwill bnot bcover bnuclear bcontamination, band bloss
bmust bbe breported bas bsoon bas bpossible. bIn bthis border, bwhere bare bthese bfacts
bfound bin bthe bpolicy? b- bcorrect banswers✔✔Insuring bagreement, bexclusions, band
bconditions
Which bof bthe bfollowing bprinciples bholds bthat ba bperson bshould bnot bprofit bby
bcollecting bon binsurance? b- bcorrect banswers✔✔Principle bof bindemnity
Which bof bthe bfollowing bis bNOT ba bbenefit bof bworkers' bcompensation binsurance? b-
bcorrect banswers✔✔Pain band bsuffering
The bbuilding band bpersonal bproperty bform bcovers ball bthe bfollowing bEXCEPT b-
bcorrect banswers✔✔highway bbillboards
The bpersonal bauto bpolicy's bcomprehensive bphysical bdamage bcoverage bcovers ball
bof bthe bfollowing bEXC b- bcorrect banswers✔✔freezing
Who bis bresponsible bfor bcontrolling bthe bcontent, bform, band bdistribution bof binsurance
bpolicy badvertisements? b- bcorrect banswers✔✔The binsurer
An bautomobile bpolicy bmay bbe bcanceled bfor bany bof bthe bfollowing breasons bEXCEPT
b- bcorrect banswers✔✔being binvolved bin ba bhit-and-run baccident bfor bwhich bthe
binsured bwas bnot bat bfault
The bTerrorism bRisk bInsurance bAct bprovides bfederal bcompensation bfor binsured
blosses bresulting bfrom bacts bof bterrorism. bAll bof bthe bfollowing bwould bqualify bas bacts
, bof bterrorism bEXCEPT b- bcorrect banswers✔✔acts bcausing bproperty bdamage band
bloss bof blife bin bforeign bcountries
Which bof bthe bfollowing bis bNOT ba bcommercial bgeneral bliability bexposure? b- bcorrect
banswers✔✔Owned binvestment bportfolio
Open bperil bcoverage bfor bboth bthe bdwelling band bpersonal bproperty bis bprovided bby
bthe b- bcorrect banswers✔✔HO-5
All bof bthe bfollowing bwould bbe bcovered bproperty bby bthe bCPP bbuilding band bpersonal
bproperty bform bEXCEPT b- bcorrect banswers✔✔bailee bproperty
An bagent blicense bis brenewed bby bpaying bthe bapplicable brenewal bfee band
bcompleting b- bcorrect banswers✔✔continuing beducation
In ban binsurance btransaction, bwho bdoes ba blicensed bagent blegally brepresent? b-
bcorrect banswers✔✔Insurer
The blisting bof bthe bperils bcovered bunder ba bpolicy bis bfound bin b- bcorrect
banswers✔✔the binsuring bagreement
If ba bloss bpaid bby ba bworkers' bcompensation bpolicy bwas bcaused bby ba bnegligent
bthird bparty, bthe binsurer bretains bthe bright bto b- bcorrect banswers✔✔subrogate
The bterm bunoccupied bmeans b- bcorrect banswers✔✔the binsured bhas bgone bon
bvacation
States bgive ban binsurer bpermission bto btransact binsurance bwith ba bcertificate bof b-
bcorrect banswers✔✔authority
Which bof bthe bfollowing bsituations bwould bmost blikely bbe bcovered bby ba bcommercial
bgeneral bliability b(CGL) bpolicy? b- bcorrect banswers✔✔A bsurfboard bfalls boff ba bshelf
band binjures ba bshopper.
Which bof bthe bfollowing bis binland bmarine binsurance? b- bcorrect
banswers✔✔Commercial bproperty bfloaters
Which bof bthe bfollowing bcould bbe bscheduled bunder ba bmiscellaneous btype bvehicles
bendorsement bto bthe bpersonal bauto bpolicy? b- bcorrect banswers✔✔Motorcycle
Commingling brefers bto b- bcorrect banswers✔✔improperly bmixing bpersonal bfunds bwith
binsurer bor binsured's bfunds
A bcommercial bgeneral bliability b"occurrence" bpolicy bprovides bcoverage bfor ba bclaim
bthat boccurred b- bcorrect banswers✔✔during bthe bpolicy bperiod
Mastery Exam A Questions And Answers
An binsured brents ba bcar bwhile bon bvacation bin bCanada band bcauses ban baccident. bIs
bthere bcoverage bunder bhis bpersonal bauto bpolicy? b- bcorrect banswers✔✔The bloss bis
bcovered bunder ban bunendorsed bpersonal bauto bpolicy.
Under bthe bworkers' bcompensation blaws, bwhich bof bthe bfollowing bwould bNOT bbe
bcovered? b- bcorrect banswers✔✔Heart-related billness bresulting bfrom bhereditary
bcauses
An binsurance bpolicy bcovers bfire, bwill bnot bcover bnuclear bcontamination, band bloss
bmust bbe breported bas bsoon bas bpossible. bIn bthis border, bwhere bare bthese bfacts
bfound bin bthe bpolicy? b- bcorrect banswers✔✔Insuring bagreement, bexclusions, band
bconditions
Which bof bthe bfollowing bprinciples bholds bthat ba bperson bshould bnot bprofit bby
bcollecting bon binsurance? b- bcorrect banswers✔✔Principle bof bindemnity
Which bof bthe bfollowing bis bNOT ba bbenefit bof bworkers' bcompensation binsurance? b-
bcorrect banswers✔✔Pain band bsuffering
The bbuilding band bpersonal bproperty bform bcovers ball bthe bfollowing bEXCEPT b-
bcorrect banswers✔✔highway bbillboards
The bpersonal bauto bpolicy's bcomprehensive bphysical bdamage bcoverage bcovers ball
bof bthe bfollowing bEXC b- bcorrect banswers✔✔freezing
Who bis bresponsible bfor bcontrolling bthe bcontent, bform, band bdistribution bof binsurance
bpolicy badvertisements? b- bcorrect banswers✔✔The binsurer
An bautomobile bpolicy bmay bbe bcanceled bfor bany bof bthe bfollowing breasons bEXCEPT
b- bcorrect banswers✔✔being binvolved bin ba bhit-and-run baccident bfor bwhich bthe
binsured bwas bnot bat bfault
The bTerrorism bRisk bInsurance bAct bprovides bfederal bcompensation bfor binsured
blosses bresulting bfrom bacts bof bterrorism. bAll bof bthe bfollowing bwould bqualify bas bacts
, bof bterrorism bEXCEPT b- bcorrect banswers✔✔acts bcausing bproperty bdamage band
bloss bof blife bin bforeign bcountries
Which bof bthe bfollowing bis bNOT ba bcommercial bgeneral bliability bexposure? b- bcorrect
banswers✔✔Owned binvestment bportfolio
Open bperil bcoverage bfor bboth bthe bdwelling band bpersonal bproperty bis bprovided bby
bthe b- bcorrect banswers✔✔HO-5
All bof bthe bfollowing bwould bbe bcovered bproperty bby bthe bCPP bbuilding band bpersonal
bproperty bform bEXCEPT b- bcorrect banswers✔✔bailee bproperty
An bagent blicense bis brenewed bby bpaying bthe bapplicable brenewal bfee band
bcompleting b- bcorrect banswers✔✔continuing beducation
In ban binsurance btransaction, bwho bdoes ba blicensed bagent blegally brepresent? b-
bcorrect banswers✔✔Insurer
The blisting bof bthe bperils bcovered bunder ba bpolicy bis bfound bin b- bcorrect
banswers✔✔the binsuring bagreement
If ba bloss bpaid bby ba bworkers' bcompensation bpolicy bwas bcaused bby ba bnegligent
bthird bparty, bthe binsurer bretains bthe bright bto b- bcorrect banswers✔✔subrogate
The bterm bunoccupied bmeans b- bcorrect banswers✔✔the binsured bhas bgone bon
bvacation
States bgive ban binsurer bpermission bto btransact binsurance bwith ba bcertificate bof b-
bcorrect banswers✔✔authority
Which bof bthe bfollowing bsituations bwould bmost blikely bbe bcovered bby ba bcommercial
bgeneral bliability b(CGL) bpolicy? b- bcorrect banswers✔✔A bsurfboard bfalls boff ba bshelf
band binjures ba bshopper.
Which bof bthe bfollowing bis binland bmarine binsurance? b- bcorrect
banswers✔✔Commercial bproperty bfloaters
Which bof bthe bfollowing bcould bbe bscheduled bunder ba bmiscellaneous btype bvehicles
bendorsement bto bthe bpersonal bauto bpolicy? b- bcorrect banswers✔✔Motorcycle
Commingling brefers bto b- bcorrect banswers✔✔improperly bmixing bpersonal bfunds bwith
binsurer bor binsured's bfunds
A bcommercial bgeneral bliability b"occurrence" bpolicy bprovides bcoverage bfor ba bclaim
bthat boccurred b- bcorrect banswers✔✔during bthe bpolicy bperiod
