New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
What does the term "comparative negligence" refer to?
The percentage of fault is shared by each driver in an
accident in which both contribute to causing the accident.
The one who is most negligent receives no payment when the
claim is settled.
The one who is the least negligent receives no payment when
the claim is settled.
If both parties have contributed to causing the accident,
neither party receives any payment when the claim is settled.
- Correct Answers ✅The percentage of fault is shared by
each driver in an accident in which both contribute to causing
the accident.
The Business Income from Dependent Properties -- Broad
Form is a variation of the Business Income form as it:
Provides coverage for other locations of the insured's
business that are dependent on the main location to operate.
Provides coverage for loss of income to the insured business
when direct physical damage has occurred at another
business upon which the insured business depends in some
way.
,New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
Provides coverage for loss of income to the insured business
when poor business practices causes bankruptcy at another
business upon which the insured business depends.
Provides coverage for loss of income to the insured business
when a civil authority prevents the insured from conducting
business activities after a direct physical loss at a dependent
location. - Correct Answers ✅Provides coverage for loss of
income to the insured business when direct physical damage
has occurred at another business upon which the insured
business depends in some way.
How is personal property of a dwelling covered under a farm
policy?
Actual Cash Value Basis
Stated Amount Basis
Agreed Amount Basis
Replacement Cost Basis - Correct Answers ✅Actual cash
value basis
Part D of the Personal Auto policy provides coverage for all of
the following, EXCEPT:
All direct losses to the insured's covered auto.
Coverage for the types of damage that are not excluded.
,New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
Direct and accidental losses to a non-owned automobile
being used by the insured.
Auto glass breakage caused by a collision. - Correct
Answers ✅Part D does not cover all direct losses to the
insured's covered auto, it covers only those direct losses that
are also accidental.
The CGL policy excludes coverage for damage done to the
property of others if at the time of the loss that property was
in the care, custody and control of the insured. However, the
exclusion does not apply if the damage is caused by:
Water
Pollution
Earthquake
Fire, smoke or explosion - Correct Answers ✅Damage done
to the property of others, that was in the care, custody and
control of the insured, caused by fire, smoke or explosion
would be covered by the CGL. The other three choices are all
specifically excluded from coverage.
Barry's insured watercraft is disabled while on the lake one
Sunday afternoon. His motor completely stopped and will not
start again. Barry calls George, a mechanic who rides out to
the section of the lake where Barry and his boat are stranded.
George brings a new starter for the engine and spends the
next hour replacing it. When George is finished installing the
, New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
new starter, the engine still sputters and will not start. Barry
then calls a towing service to tow the boat back to the dock
and into storage where George can take a closer look. Barry's
Watercraft policy has a $250 deductible. The cost of the
starter was $80 and the towing bill was $100. How much will
Barry's standard Watercraft policy pay under the "Towing and
Assistance Expense" coverage, assuming this is the only
occurrence Barry has claimed during the current policy
period?
$100 because this coverage only applies to the towing bill.
$180 because the - Correct Answers ✅The correct answer
is: $180 because the deductible does not apply to the
coverage..
The policy will pay $180 under the "Towing and Assistance
Expense" coverage because the deductible does not apply to
the coverage and pays up to $500.
Which of the following is not true regarding laws concerning
insurance fraud in New Hampshire?
False, incomplete or misleading information must be in
written form to be considered insurance fraud.
Is considered to be a felony.
Questions and Answers (Solved Papers)
What does the term "comparative negligence" refer to?
The percentage of fault is shared by each driver in an
accident in which both contribute to causing the accident.
The one who is most negligent receives no payment when the
claim is settled.
The one who is the least negligent receives no payment when
the claim is settled.
If both parties have contributed to causing the accident,
neither party receives any payment when the claim is settled.
- Correct Answers ✅The percentage of fault is shared by
each driver in an accident in which both contribute to causing
the accident.
The Business Income from Dependent Properties -- Broad
Form is a variation of the Business Income form as it:
Provides coverage for other locations of the insured's
business that are dependent on the main location to operate.
Provides coverage for loss of income to the insured business
when direct physical damage has occurred at another
business upon which the insured business depends in some
way.
,New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
Provides coverage for loss of income to the insured business
when poor business practices causes bankruptcy at another
business upon which the insured business depends.
Provides coverage for loss of income to the insured business
when a civil authority prevents the insured from conducting
business activities after a direct physical loss at a dependent
location. - Correct Answers ✅Provides coverage for loss of
income to the insured business when direct physical damage
has occurred at another business upon which the insured
business depends in some way.
How is personal property of a dwelling covered under a farm
policy?
Actual Cash Value Basis
Stated Amount Basis
Agreed Amount Basis
Replacement Cost Basis - Correct Answers ✅Actual cash
value basis
Part D of the Personal Auto policy provides coverage for all of
the following, EXCEPT:
All direct losses to the insured's covered auto.
Coverage for the types of damage that are not excluded.
,New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
Direct and accidental losses to a non-owned automobile
being used by the insured.
Auto glass breakage caused by a collision. - Correct
Answers ✅Part D does not cover all direct losses to the
insured's covered auto, it covers only those direct losses that
are also accidental.
The CGL policy excludes coverage for damage done to the
property of others if at the time of the loss that property was
in the care, custody and control of the insured. However, the
exclusion does not apply if the damage is caused by:
Water
Pollution
Earthquake
Fire, smoke or explosion - Correct Answers ✅Damage done
to the property of others, that was in the care, custody and
control of the insured, caused by fire, smoke or explosion
would be covered by the CGL. The other three choices are all
specifically excluded from coverage.
Barry's insured watercraft is disabled while on the lake one
Sunday afternoon. His motor completely stopped and will not
start again. Barry calls George, a mechanic who rides out to
the section of the lake where Barry and his boat are stranded.
George brings a new starter for the engine and spends the
next hour replacing it. When George is finished installing the
, New Hampshire Test - 2nd Set Exam
Questions and Answers (Solved Papers)
new starter, the engine still sputters and will not start. Barry
then calls a towing service to tow the boat back to the dock
and into storage where George can take a closer look. Barry's
Watercraft policy has a $250 deductible. The cost of the
starter was $80 and the towing bill was $100. How much will
Barry's standard Watercraft policy pay under the "Towing and
Assistance Expense" coverage, assuming this is the only
occurrence Barry has claimed during the current policy
period?
$100 because this coverage only applies to the towing bill.
$180 because the - Correct Answers ✅The correct answer
is: $180 because the deductible does not apply to the
coverage..
The policy will pay $180 under the "Towing and Assistance
Expense" coverage because the deductible does not apply to
the coverage and pays up to $500.
Which of the following is not true regarding laws concerning
insurance fraud in New Hampshire?
False, incomplete or misleading information must be in
written form to be considered insurance fraud.
Is considered to be a felony.
