HIST 105 actual Exam #4/final tamu Mcglone LATEST 2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Which Homeowner's policy provides all risk or open peril coverage on the dwelling but broad form
coverage on the personal property? - (answer)HO-3
The HO-4 is basically intended to cover which of the following types of risks? - (answer)An apartment-
dweller's personal property
An individual otherwise qualified except for having taken and passed the examination can be issued a
temporary insurance producer license, which is valid for a maximum period of - (answer)six months
Who of the following would have Liability coverage under Chuck's Personal Auto policy? - (answer)All of
the above
The authority given by the company to the agent is NOT formally written or communicated is called -
(answer)implied authority
Which of the following correctly identifies common characteristics of Fidelity Bonds? - (answer)Fidelity
Bonds commonly provide coverage for an insured act occurring during the bond period and discovered
before the end of the discovery period.
An automobile collision would be considered - (answer)an accident and an occurrence
Which of the following are excluded property losses under all Homeowner's forms? - (answer)All of the
above
What type of Ocean Marine insurance covers goods while they are in transit over water? -
(answer)cargo
, HIST 105 actual Exam #4/final tamu Mcglone LATEST 2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Under the Personal Auto policy, Uninsured Motorists coverage provides coverage for bodily injury for
which the insured is legally entitled to recover that results from an accident with - (answer)all of the
above
Which of the following statements about notice of cancellation of an Alabama automobile polity is
CORRECT? - (answer)For reasons other than non-payment of premium, the insurer must provide at least
20 days notice of cancellation of an automobile policy.
Assume the following items were stolen from the insured's home. Which one of the these losses would
be fully covered under Coverage C (Personal Property) of the Homeowner's policy, assuming the loss
was for the full value of the property described? - (answer)A $1,000 emerald bracelet
Which Homeowner's coverage provides indirect loss coverage? - (answer)Coverage D (Loss of Use)
Coverage D under a standard Homeowner's policy contains coverage for - (answer)loss of use
All of the following are correct statements regarding coverage under a Boatowner's policy EXCEPT -
(answer)Most Boatowner's policies have no limitations or exclusions related to how the boat may be
used.
To file a claim for coverage under Part B (Med Pay) of the Personal Auto policy, the claimant -
(answer)must incur expenses within three years of the accident
Xavier's car is insured by ABC Insurance Company. Xavier took out a loan with First City Bank to purchase
the car, and is still making payments on the car loan. Who has an insurable interest in the car? -
(answer)Xavier and First City Bank
Historically, which of the following statements regarding Ocean Marine Insurance is correct? -
(answer)Most marine policies are written on a standard form basis
, HIST 105 actual Exam #4/final tamu Mcglone LATEST 2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Which of the following losses would be EXCLUDED under the Liability section of a Personal Auto policy? -
(answer)The insured backs out of her garage and runs over her son's new 10-speed bike.
Which of the following perils are NOT covered by the Equipment Breakdown Coverage policy? - (answer)
Under the NFIP policy, all of the following are generally considered to be floods EXCEPT - (answer)sewer
backup
In a Fidelity Bond, the employee is known as the - (answer)
Which of the following is NOT a standard exclusion found in Section II (Liability) of a Homeowner's
policy? - (answer)
When does Flood insurance begin? - (answer)30 days after the application date
Under a standard property insurance policy, after the insurer pays in full for damaged property, they
gain ownership of the property and have the right to recoup part of their payment through the right of -
(answer)salvage
Which of the following would NOT be covered under the Other Than Collision section of a Personal Auto
policy? - (answer)Theft of a portable radio left on the seat
Under the Personal Auto policy, which of the following losses would be considered a collision loss? -
(answer)None of the above
For the most part, property insurance policies are considered to be - (answer)two-party contracts.
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Which Homeowner's policy provides all risk or open peril coverage on the dwelling but broad form
coverage on the personal property? - (answer)HO-3
The HO-4 is basically intended to cover which of the following types of risks? - (answer)An apartment-
dweller's personal property
An individual otherwise qualified except for having taken and passed the examination can be issued a
temporary insurance producer license, which is valid for a maximum period of - (answer)six months
Who of the following would have Liability coverage under Chuck's Personal Auto policy? - (answer)All of
the above
The authority given by the company to the agent is NOT formally written or communicated is called -
(answer)implied authority
Which of the following correctly identifies common characteristics of Fidelity Bonds? - (answer)Fidelity
Bonds commonly provide coverage for an insured act occurring during the bond period and discovered
before the end of the discovery period.
An automobile collision would be considered - (answer)an accident and an occurrence
Which of the following are excluded property losses under all Homeowner's forms? - (answer)All of the
above
What type of Ocean Marine insurance covers goods while they are in transit over water? -
(answer)cargo
, HIST 105 actual Exam #4/final tamu Mcglone LATEST 2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Under the Personal Auto policy, Uninsured Motorists coverage provides coverage for bodily injury for
which the insured is legally entitled to recover that results from an accident with - (answer)all of the
above
Which of the following statements about notice of cancellation of an Alabama automobile polity is
CORRECT? - (answer)For reasons other than non-payment of premium, the insurer must provide at least
20 days notice of cancellation of an automobile policy.
Assume the following items were stolen from the insured's home. Which one of the these losses would
be fully covered under Coverage C (Personal Property) of the Homeowner's policy, assuming the loss
was for the full value of the property described? - (answer)A $1,000 emerald bracelet
Which Homeowner's coverage provides indirect loss coverage? - (answer)Coverage D (Loss of Use)
Coverage D under a standard Homeowner's policy contains coverage for - (answer)loss of use
All of the following are correct statements regarding coverage under a Boatowner's policy EXCEPT -
(answer)Most Boatowner's policies have no limitations or exclusions related to how the boat may be
used.
To file a claim for coverage under Part B (Med Pay) of the Personal Auto policy, the claimant -
(answer)must incur expenses within three years of the accident
Xavier's car is insured by ABC Insurance Company. Xavier took out a loan with First City Bank to purchase
the car, and is still making payments on the car loan. Who has an insurable interest in the car? -
(answer)Xavier and First City Bank
Historically, which of the following statements regarding Ocean Marine Insurance is correct? -
(answer)Most marine policies are written on a standard form basis
, HIST 105 actual Exam #4/final tamu Mcglone LATEST 2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
Which of the following losses would be EXCLUDED under the Liability section of a Personal Auto policy? -
(answer)The insured backs out of her garage and runs over her son's new 10-speed bike.
Which of the following perils are NOT covered by the Equipment Breakdown Coverage policy? - (answer)
Under the NFIP policy, all of the following are generally considered to be floods EXCEPT - (answer)sewer
backup
In a Fidelity Bond, the employee is known as the - (answer)
Which of the following is NOT a standard exclusion found in Section II (Liability) of a Homeowner's
policy? - (answer)
When does Flood insurance begin? - (answer)30 days after the application date
Under a standard property insurance policy, after the insurer pays in full for damaged property, they
gain ownership of the property and have the right to recoup part of their payment through the right of -
(answer)salvage
Which of the following would NOT be covered under the Other Than Collision section of a Personal Auto
policy? - (answer)Theft of a portable radio left on the seat
Under the Personal Auto policy, which of the following losses would be considered a collision loss? -
(answer)None of the above
For the most part, property insurance policies are considered to be - (answer)two-party contracts.
