PROPERTY & CASUALTY QUESTIONS GA EXAM
COMPREHENSIVE QUESTIONS WITH MULTIPLE
CHOICES |VERIFIED & REVISED ANSWERS (NEW)
2025
The arbitration clause in a personal auto policy would be used in which of the
following circumstances?
A. The ins company and a pedestrian struck by the insured's auto cannot reach an
agreement regarding the settlement of a claim.
B. The insured and an injured 3rd party cannot reach an agreement regarding the
settlement of a claim.
C. The court have ruled against an injured 3th party. - (ANSWER)B. The insured
and an injured 3rd party cannot reach an agreement regarding the settlement of
a claim.
Which of the following bonds protects an employer fro the actions of dishonest
employees?
A. Surety
B. Fidelity - (ANSWER)B.Fidelity
A dwelling has been vacant for more than 60 consecutive days. Which of the
following would most likely NOT be covered?
A. Vandalism
,B. Smoke
C. Fire
D. Falling Objects - (ANSWER)A. Vandalism
While in her backyard, Susan injuries her foot on a rake left by her landscapers.
What part of the CGL policy will protect the owner of the landscaping company?
A. Operations exposure
B. Products Liability
C. Completed operations liability
D. Premises exposure - (ANSWER)A. Operations exposure
Premium computation is found in which section of the workers' compensation
policy?
A. Part 3
B. Part 5
C. Part 1
D. Part 2 - (ANSWER)B. Part 5
Once an injured employee has received benefits provided under workers'
compensation, that employee may not file a suit against her employer to gain
additional benefits. This is the def. of
,A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - (ANSWER)D. executive remedy
The purpose of the basic extended reporting period in a commercial general
liability (CGL) " claims-made" policy is to provide
A. additional time for the insured to make monthly reports of information for
rating purposes
B. coverage for events that have happened before the policy became effective
C. coverage for events that happened up to 5yrs after a claims-made policy has
expired
D Coverage for events that have happened after the retroactive date, but which
were not within 60days of policy expiration - (ANSWER)D. Coverage for events
that have happened after the retroactive date, but which were not within 60days
of policy expiration
What is the purpose of the employer's liability section of a workers' comp plicy (
part 2) ?
A. pay for lawsuits filed by an employer
B. Pay for benefits that are normally required by state workers' comp laws
, C. Pa for 3rd-party claims filed against a negligent employer - (ANSWER)B. Pay for
benefits that are normally required by state workers' comp laws
Truckers who transport hazardous materials are required to have an endorsement
called
A. Form MCS-90
B. Form W-2
C. Form MCS-70
D. Form 1099 - (ANSWER)A. Form MCS-90
Which of the following is NOT a use of auto symbols in the commercial auto
policy?
A. To determine how coverage will apply to vehicles acquired after the policy
effective date
B. To determine which rating territory applies to the covered autos
C. To custom the policy to the insured's needs by selective the appropriate
coverage - (ANSWER)B. To determine which rating territory applies to the
covered autos
Coverage for fungi, wet rot, and bacteria on a business-owner policy is limited to
A. 12k per policy limit
COMPREHENSIVE QUESTIONS WITH MULTIPLE
CHOICES |VERIFIED & REVISED ANSWERS (NEW)
2025
The arbitration clause in a personal auto policy would be used in which of the
following circumstances?
A. The ins company and a pedestrian struck by the insured's auto cannot reach an
agreement regarding the settlement of a claim.
B. The insured and an injured 3rd party cannot reach an agreement regarding the
settlement of a claim.
C. The court have ruled against an injured 3th party. - (ANSWER)B. The insured
and an injured 3rd party cannot reach an agreement regarding the settlement of
a claim.
Which of the following bonds protects an employer fro the actions of dishonest
employees?
A. Surety
B. Fidelity - (ANSWER)B.Fidelity
A dwelling has been vacant for more than 60 consecutive days. Which of the
following would most likely NOT be covered?
A. Vandalism
,B. Smoke
C. Fire
D. Falling Objects - (ANSWER)A. Vandalism
While in her backyard, Susan injuries her foot on a rake left by her landscapers.
What part of the CGL policy will protect the owner of the landscaping company?
A. Operations exposure
B. Products Liability
C. Completed operations liability
D. Premises exposure - (ANSWER)A. Operations exposure
Premium computation is found in which section of the workers' compensation
policy?
A. Part 3
B. Part 5
C. Part 1
D. Part 2 - (ANSWER)B. Part 5
Once an injured employee has received benefits provided under workers'
compensation, that employee may not file a suit against her employer to gain
additional benefits. This is the def. of
,A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - (ANSWER)D. executive remedy
The purpose of the basic extended reporting period in a commercial general
liability (CGL) " claims-made" policy is to provide
A. additional time for the insured to make monthly reports of information for
rating purposes
B. coverage for events that have happened before the policy became effective
C. coverage for events that happened up to 5yrs after a claims-made policy has
expired
D Coverage for events that have happened after the retroactive date, but which
were not within 60days of policy expiration - (ANSWER)D. Coverage for events
that have happened after the retroactive date, but which were not within 60days
of policy expiration
What is the purpose of the employer's liability section of a workers' comp plicy (
part 2) ?
A. pay for lawsuits filed by an employer
B. Pay for benefits that are normally required by state workers' comp laws
, C. Pa for 3rd-party claims filed against a negligent employer - (ANSWER)B. Pay for
benefits that are normally required by state workers' comp laws
Truckers who transport hazardous materials are required to have an endorsement
called
A. Form MCS-90
B. Form W-2
C. Form MCS-70
D. Form 1099 - (ANSWER)A. Form MCS-90
Which of the following is NOT a use of auto symbols in the commercial auto
policy?
A. To determine how coverage will apply to vehicles acquired after the policy
effective date
B. To determine which rating territory applies to the covered autos
C. To custom the policy to the insured's needs by selective the appropriate
coverage - (ANSWER)B. To determine which rating territory applies to the
covered autos
Coverage for fungi, wet rot, and bacteria on a business-owner policy is limited to
A. 12k per policy limit
