TSI Practice test 2 Exam with 100%
Correct Answers 2026
Resident Producer License good for? - Correct Answer-2 years
A business income policy protects a business in the event of a loss from what? - Correct
Answer-loss of earnings
The insurer paying out a claim fulfills which portion of a contract? - Correct Answer-
consideration
Inherent Vice - Correct Answer-an item is already broken or has a material defect from
the manufacturer.
Personal Injury under a commercial general liability policy will include which coverage? -
Correct Answer-Contractual Liability
A nationwide marine policy will not cover? - Correct Answer-furniture and fixtures
Gramm-Leach-Bliley Act - Correct Answer-to ensure uniform privacy procedures when
handling consumer data
Morale Hazard - Correct Answer-careless or negligent person
Extra Expense is a portion of which type of business policy? - Correct Answer-business
income
Uninsured Motorist - Correct Answer-protection against hit-and-run drivers or drivers
without insurance money to pay claims
Arbitration is: - Correct Answer-mediation
The uncertainty of loss is known as: - Correct Answer-risk
parties of a bond are known as: - Correct Answer-principal, obligee,surety. the principal
is the purchasor,the surety is the insurance company and the obligee is who the
guarantee is made to.
representation - Correct Answer-a statement believed to be true to the best of one's
knowledge
The business policy that provides for coverage of wrongful termination and sexual
discrimination is known as: - Correct Answer-employment practices liability
Correct Answers 2026
Resident Producer License good for? - Correct Answer-2 years
A business income policy protects a business in the event of a loss from what? - Correct
Answer-loss of earnings
The insurer paying out a claim fulfills which portion of a contract? - Correct Answer-
consideration
Inherent Vice - Correct Answer-an item is already broken or has a material defect from
the manufacturer.
Personal Injury under a commercial general liability policy will include which coverage? -
Correct Answer-Contractual Liability
A nationwide marine policy will not cover? - Correct Answer-furniture and fixtures
Gramm-Leach-Bliley Act - Correct Answer-to ensure uniform privacy procedures when
handling consumer data
Morale Hazard - Correct Answer-careless or negligent person
Extra Expense is a portion of which type of business policy? - Correct Answer-business
income
Uninsured Motorist - Correct Answer-protection against hit-and-run drivers or drivers
without insurance money to pay claims
Arbitration is: - Correct Answer-mediation
The uncertainty of loss is known as: - Correct Answer-risk
parties of a bond are known as: - Correct Answer-principal, obligee,surety. the principal
is the purchasor,the surety is the insurance company and the obligee is who the
guarantee is made to.
representation - Correct Answer-a statement believed to be true to the best of one's
knowledge
The business policy that provides for coverage of wrongful termination and sexual
discrimination is known as: - Correct Answer-employment practices liability
