PROPERTY AND CASUALTY PRACTICE PSI EXAM Q AND A

PROPERTY AND CASUALTY
PRACTICE PSI EXAM Q AND A

Employeesvyarevybarredvyfromvysuingvyemployersvyinvycourtvytovyobtainvycompensationvyfo
rvyinjuriesvycoveredvybyvyworkers'vycompensationvybecausevyofvywhichvyofvythevyfollowingvy
doctrines?

-Employervyliability
-Exclusivevyremedy
-Workmanvyliability
-Novyfaultvyinsurancevy-vyanswer--ExclusivevyRemedy

Whichvyofvythevyfollowingvywouldvytriggervycoveragevyundervybusinessvyincomevyformvywith
vyextravyexpensevycoverage?



-Carpetvycleaningvyaftervyavywatervymainvybreak
-Employeevypayvyaftervyavybuildingvystructurevyisvydamaged
-Buildingvyinspectorsvyfeesvyaftervyavyloss
-Unitvyrentvywhenvytenantvyisvyliablevy-vyanswer--
CarpetvyCleaningvyaftervyavywatervymainvybreak

AllvyofvythevyfollowingvywouldvybevyconsideredvyanvyinsuredvypersonvyundervyPartvyAvyofvyavy
personalvyautomobilevypolicyvyEXCEPT:

-
Othervypersonsvyorvyorganizationsvythatvyusevythevycarvytovythevyextentvythatvytheyvysharevyli
abilityvywithvythevyinsuredvyperson.
-
Anyonevyusingvythevyinsured'svycarvywithvythevyinsured'svypermissionvyorvythevyreasonablev
ybeliefvythatvytheyvyarevyentitledvytovydovyso.

-
Thevynamedvyinsuredvyandvymembersvyofvythevyinsured'svyfamilyvyforvythevyownership,vyma
intenancevyandvyusevyofvyanyvyautovyorvytrailer.
-
Othervypersonsvyorvyorganizationsvyforvytheirvyliabilityvyfromvyanvyaccidentvyinvolvingvyanvya
utovyorvytrailervyusedvybyvythevyinsuredvybutvyownedvybyvythatvypersonvyorvyorganization.vy-
vyanswer--

Othervypersonsvyorvyorganizationsvyforvytheirvyliabilityvyfromvyanvyaccidentvyinvolvingvyanvya
utovyorvytrailervyusedvybyvythevyinsuredvybutvyownedvybyvythatvypersonvyorvyorganization.

AvyDP-2vypolicyvycoversvyallvyofvythevyfollowingvyEXCEPT:

-damagevytovyawningsvyfromvyweightvyofvysnow.
-damagevytovypropertyvycausedvybyvyburglars.
-freezingvyofvyautomaticvyfirevysprinklervysystems.

, -accidentalvydischargevyofvysteamvyfromvyavyplumbingvysystem.vy-vyanswer--
damagevytovyawningsvyfromvyweightvyandvysnow

Anvyextendedvyreportingvyperiodvyattachedvytovyavygeneralvyliabilityvypolicyvyprovidesvycove
ragevyinvywhichvyofvythevyfollowingvyways?

-Itvyprovidesvycoveragevyforvyclaimsvymadevyoutsidevythevypolicyvyterm.
-Itvygivesvyanvyadditionalvy30vydaysvycoveragevybeyondvythevypolicyvyterm.
-Itvygivesvyanvyadditionalvy10vyyearsvycoveragevybeyondvythevypolicyvyterm.
-Itvycoversvyanyvygapvybetweenvythevyclaims-madevyandvyoccurrencevyforms.vy-vyanswer--
Itvyprovidesvycoveragevyforvyclaimsvymadevyoutsidevythevypolicyvyterm.

Whichvyofvythevyfollowingvyisvyanvyexamplevyofvyriskvyreduction?

-Installingvyavyfirevyhosevysystemvyonvyeveryvyfloorvyofvyavybuilding
-Carryingvyanvyadequatevyamountvyofvyinsurancevytovycovervyanyvyloss.
-Refusalvytovyworkvyinvyavybuildingvythatvyisvynotvymadevyofvybrickvyorvyconcrete
-Notvypurchasingvyinsurancevybecausevyofvyavypastvyhistoryvyofvyzerovyclaimsvy-vyanswer--
Installingvyavyfirevyhosevysystemvyonvyeveryvyfloorvyofvyavybuilding

Whichvyofvythevyfollowingvypersonsvyisvycoveredvyforvyaccidentalvyinjuryvyonvythevyinsured'sv
ypremisesvyundervythevycommercialvygeneralvyliabilityvymedicalvypayments?



-avytenantvyofvythevypremises
-anvyemployeevyofvythevyinsured
-personvyinjuredvyinvywarfare
-avyvolunteervyworkervy-vyanswer--avyvolunteervyworker

WhichvyHomeownervyFormvycoversvyfixtures,vyinstallations,vyandvyimprovementsvymadevy
orvyacquiredvyatvythevyinsured'svyexpense?

HO-6
HO-5
HO-4
HO-2vy-vyanswer--HO-4

Whichvypolicyvyconditionvyisvyinvokedvywhenvypartiesvytovyanvyinsuredvylossvycannotvyagree
?

-Arbitration
-Assignment
-Liberalization
-Subrogationvy-vyanswer--Arbitration

MobilevyhomesvycanvybevyinsuredvyinvyallvyofvythevyfollowingvywaysvyEXCEPT:

-WithvyavyHO-8vyModifiedvyCoveragevyform.
-Onvyavyseparatevymobilevyhomeownersvypackagevypolicy.
-WithvyavyDP-1vyifvythevymobilevyhomevyisvyonvyavyfoundation.