New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
What is true about controlled forms? - Correct Answers
✅These forms are usually issued according to published
rules and rates
When will an insurance company pay damages on behalf of
an insured under a CGL policy? - Correct Answers ✅when
the company determines that the insured is legally liable
A loss reserving method that establishes aggregate reserves
for all claims for a single type of insurance is known as -
Correct Answers ✅Loss ratio method
What is a "board foot" ? - Correct Answers ✅A piece of
lumber 12" wide by 1' long by 1" thick - this is a unit of
measurement to calculate pricing
In New Hampshire, every insurer, upon notice of a claim,
must acknowledge the receipt of such notice in writhing
within: - Correct Answers ✅10 days
A customer is injured on the insured's premises and the
insured is not found legally liable. The insured carries a
Commercial General Liability policy. Which of the following
CGL coverages would apply to cover the customer's injuries?
- Correct Answers ✅Medical payments
,New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
All of the following are covered under the "supplementary
payments" section of a Commercial General Liability policy,
EXCEPT
Court costs.
Costs incurred by the insurer in investigating the claim.
Insured's loss of earnings incurred at insurer's request.
Costs of repair service performed on personal property at the
scene of the accident. - Correct Answers ✅Costs of repair
service performed on personal property at the scene of the
accident.
Which of the following would be required to obtain an
adjuster's license in New Hampshire?
An attorney
Claims processed by a salaried office employee
A person that adjusts automobile claims
A licensed company insurance agent - Correct Answers ✅A
person that adjusts automobile claims
What is the maximum limit that can be paid on a property or
casualty claim under the New Hampshire Insurance Guaranty
Association? - Correct Answers ✅$300,000 - Claims in
,New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
excess of $50.00 that do not exceed $300,000 can be paid by
the New Hampshire Guaranty Association.
Marty has full coverage under a standard Personal Auto policy
for the three cars he owns. He and the members of his
household are covered as insureds under the policy. Marty's
16-year-old son Gordy, spends the weekend at his friend
Steve's home and during the visit, drives one of Steve's
family's cars with permission. Gordy has an accident and he
is at-fault for bodily injury to others. Which of the following
statements best describes how this claim will be paid?
Part A - Liability of both Marty's and Steve's family's policy
will pay for their portion of the claim "pro-rata"
Marty will have to pay for the claims out-of-pocket because
Gordy is not covered under Marty's policy or Steve's family's
policy.
Part A - Liability of Steve's family's policy will pay the entire
claim and Marty's policy will not apply.
Part A - Liability of Steve's parents policy will be primary and
the Part A - Liability section of Marty - Correct Answers
✅Part A - Liability of Steve's parents policy will be primary
, New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
and the Part A - Liability section of Marty's policy will be
excess to pay the claim.
Angie has suffered an automobile physical damage loss. All of
the following are the insured's duties after a loss under
Angie's Personal Automobile policy, EXCEPT:
Take reasonable steps after the loss to protect the property
from further damage.
Promptly notify the police if the vehicle is stolen.
Allow the insurer to inspect and appraise the damaged
property.
Facilitate the repairs to the vehicle and submit the invoice to
the insurer - Correct Answers ✅Facilitate the repairs to the
vehicle and submit the invoice to the insurer - The insured is
not permitted to make repairs on the vehicle until after the
vehicle has been inspected and/or appraised and an
agreement as to the damages has been reached with the
insurer.
Conrad is a contractor with Builders' Risk coverage written on
a reported value basis on his current construction job. He
Exam Questions and Answers (Solved
Papers)
What is true about controlled forms? - Correct Answers
✅These forms are usually issued according to published
rules and rates
When will an insurance company pay damages on behalf of
an insured under a CGL policy? - Correct Answers ✅when
the company determines that the insured is legally liable
A loss reserving method that establishes aggregate reserves
for all claims for a single type of insurance is known as -
Correct Answers ✅Loss ratio method
What is a "board foot" ? - Correct Answers ✅A piece of
lumber 12" wide by 1' long by 1" thick - this is a unit of
measurement to calculate pricing
In New Hampshire, every insurer, upon notice of a claim,
must acknowledge the receipt of such notice in writhing
within: - Correct Answers ✅10 days
A customer is injured on the insured's premises and the
insured is not found legally liable. The insured carries a
Commercial General Liability policy. Which of the following
CGL coverages would apply to cover the customer's injuries?
- Correct Answers ✅Medical payments
,New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
All of the following are covered under the "supplementary
payments" section of a Commercial General Liability policy,
EXCEPT
Court costs.
Costs incurred by the insurer in investigating the claim.
Insured's loss of earnings incurred at insurer's request.
Costs of repair service performed on personal property at the
scene of the accident. - Correct Answers ✅Costs of repair
service performed on personal property at the scene of the
accident.
Which of the following would be required to obtain an
adjuster's license in New Hampshire?
An attorney
Claims processed by a salaried office employee
A person that adjusts automobile claims
A licensed company insurance agent - Correct Answers ✅A
person that adjusts automobile claims
What is the maximum limit that can be paid on a property or
casualty claim under the New Hampshire Insurance Guaranty
Association? - Correct Answers ✅$300,000 - Claims in
,New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
excess of $50.00 that do not exceed $300,000 can be paid by
the New Hampshire Guaranty Association.
Marty has full coverage under a standard Personal Auto policy
for the three cars he owns. He and the members of his
household are covered as insureds under the policy. Marty's
16-year-old son Gordy, spends the weekend at his friend
Steve's home and during the visit, drives one of Steve's
family's cars with permission. Gordy has an accident and he
is at-fault for bodily injury to others. Which of the following
statements best describes how this claim will be paid?
Part A - Liability of both Marty's and Steve's family's policy
will pay for their portion of the claim "pro-rata"
Marty will have to pay for the claims out-of-pocket because
Gordy is not covered under Marty's policy or Steve's family's
policy.
Part A - Liability of Steve's family's policy will pay the entire
claim and Marty's policy will not apply.
Part A - Liability of Steve's parents policy will be primary and
the Part A - Liability section of Marty - Correct Answers
✅Part A - Liability of Steve's parents policy will be primary
, New Hampshire Property & Casualty
Exam Questions and Answers (Solved
Papers)
and the Part A - Liability section of Marty's policy will be
excess to pay the claim.
Angie has suffered an automobile physical damage loss. All of
the following are the insured's duties after a loss under
Angie's Personal Automobile policy, EXCEPT:
Take reasonable steps after the loss to protect the property
from further damage.
Promptly notify the police if the vehicle is stolen.
Allow the insurer to inspect and appraise the damaged
property.
Facilitate the repairs to the vehicle and submit the invoice to
the insurer - Correct Answers ✅Facilitate the repairs to the
vehicle and submit the invoice to the insurer - The insured is
not permitted to make repairs on the vehicle until after the
vehicle has been inspected and/or appraised and an
agreement as to the damages has been reached with the
insurer.
Conrad is a contractor with Builders' Risk coverage written on
a reported value basis on his current construction job. He
