PSI Practice Test Questions & Answers.
1. Who is covered for accidental injury on the A volunteer worker
insured's premises under the commercial
general liability med- ical payments?
2. Which type of crime listed below best describes some- Theft
one who waits until store personnel are
preoccupied and pockets merchandise while no
one is looking and leaves without detection?
3. Workers' compensation benefits for loss of Replacement of a
wages in- clude what? portion of lost wages
4. What type of situation would workers' A slip and fall while on
compensation benefits be covered for an the job at work
injured employee?
The Surety
5. Which of the following is the party who
agrees to be responsible for loss in the case
of a fidelity bond? Employer while
insured is driving a
6. Example of an insured under Part A liability company car.
coverage, of the personal auto policy EXCEPT!
Forgery and alteration
7. A bank customer's identity was compromised
and the thieves made numerous purchases
from a retailer by signing the customer's
checks. When the bank refused to make
payment for the goods, the retailer brought
suit against the bank. which coverage
indemnified the bank for liability in the suit? Coverage A, B and C
apply
8. What best describes the CGL's general
aggregate an-
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, PSI Practice Test Questions & Answers.
nual limit as it applies to the coverage parts of the CGL? in sum and
are the most
that will be paid
subject to the general
aggregate an- nual
limit.
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, PSI Practice Test Questions & Answers.
9. The claims-made liability form provides coverage from Retroactive
Date
a date that precedes the policy effective date.
Which of the following defines that date?
10. How are defense costs paid in relation to the In excess of the limit
limit of insurance under the personal auto
policy for bodily injury and property damage
part A-liability coverage?
11. A cable company uses employees to install equipment Fidelity
Bonds
in the customers homes. The company
purchases a bond from an insurance company
to protect itself from potential dishonest acts of
the employees. Which of the following types of
bond does the cable company purchase?
12. Exclusions common to liability coverage for For liability arising
both the personal auto policy and the while the insured
business auto policy in- clude all the following auto is being used in
EXCEPT an auto business.
13. An extended reporting period attached to a general lia- It provides
coverage for
bility policy provides coverage in which of the following claims made
outside the
ways? policy term.
14. All of the following are common exclusions in a liability Damage
caused by acts of
policy EXCEPT A- Intentional Acts
B- Damage
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1. Who is covered for accidental injury on the A volunteer worker
insured's premises under the commercial
general liability med- ical payments?
2. Which type of crime listed below best describes some- Theft
one who waits until store personnel are
preoccupied and pockets merchandise while no
one is looking and leaves without detection?
3. Workers' compensation benefits for loss of Replacement of a
wages in- clude what? portion of lost wages
4. What type of situation would workers' A slip and fall while on
compensation benefits be covered for an the job at work
injured employee?
The Surety
5. Which of the following is the party who
agrees to be responsible for loss in the case
of a fidelity bond? Employer while
insured is driving a
6. Example of an insured under Part A liability company car.
coverage, of the personal auto policy EXCEPT!
Forgery and alteration
7. A bank customer's identity was compromised
and the thieves made numerous purchases
from a retailer by signing the customer's
checks. When the bank refused to make
payment for the goods, the retailer brought
suit against the bank. which coverage
indemnified the bank for liability in the suit? Coverage A, B and C
apply
8. What best describes the CGL's general
aggregate an-
1/
25
, PSI Practice Test Questions & Answers.
nual limit as it applies to the coverage parts of the CGL? in sum and
are the most
that will be paid
subject to the general
aggregate an- nual
limit.
2/
25
, PSI Practice Test Questions & Answers.
9. The claims-made liability form provides coverage from Retroactive
Date
a date that precedes the policy effective date.
Which of the following defines that date?
10. How are defense costs paid in relation to the In excess of the limit
limit of insurance under the personal auto
policy for bodily injury and property damage
part A-liability coverage?
11. A cable company uses employees to install equipment Fidelity
Bonds
in the customers homes. The company
purchases a bond from an insurance company
to protect itself from potential dishonest acts of
the employees. Which of the following types of
bond does the cable company purchase?
12. Exclusions common to liability coverage for For liability arising
both the personal auto policy and the while the insured
business auto policy in- clude all the following auto is being used in
EXCEPT an auto business.
13. An extended reporting period attached to a general lia- It provides
coverage for
bility policy provides coverage in which of the following claims made
outside the
ways? policy term.
14. All of the following are common exclusions in a liability Damage
caused by acts of
policy EXCEPT A- Intentional Acts
B- Damage
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