PROPERTY & CASUALTY QUESTIONS GA
EXAM| Complete Verified Questions and
Answers (A+ GRADED 100% VERIFIED)
A bond guaranteeing the obligation of one party to another by a third party is known
as a:
A. surety bond
B. guarantee bond
C. fiduciary bond
D. municipal bond - ANSWER: A. surety bond
A building to an insured's business is severely damaged by fire. bc of the nature of
the damage to the adjoining property, the insured is denied access to the business
by the fire dept. If the insured's property is covered under a business income
coverage form, the insurer will cover loss of earnings for a MAX of:
A. 6 months
B. 3 weeks
C. 60 days
D. 30 days - ANSWER: B. 3 weeks
A business insured under a commercial general liability policy has a general
aggregate limit of $100,000,000 and an occurrence limit of $100,000. An injured
party is awarded $100,000. What remain available to the insured?
A. General aggregate of $100,000,000; Occurrence limit of $0
B.A. General aggregate of $900,000; Occurrence limit of $100,000
C.A. General aggregate of $100,000,000; Occurrence limit of $100,000
D.A. General aggregate of $900,000; Occurrence limit of $0 - ANSWER: B.A.
General aggregate of $900,000; Occurrence limit of $100,000
A candidate for licenses as property ins producer must have completed a MIN of
how many of preliencsing education?
A. 45
B.10
C.15
D.30 - ANSWER: C.15
,A candidate for licensure as a casualty ins producer must have complete a MIN of
how hours of prelicensing education?
A. 45
B.15
C.30
D.7.5 - ANSWER: B.15
A Commercial General Liability policy provides coverage for which of the following
hazards?
A. Pollutions Liability
B. Premises Liability
C. Employee injury Liability
D. professional liability - ANSWER: B. Premises Liability
A deer jumps through the window of an insured's home, damaging the interior and
exterior walls. Which of the following HO Forms listed below is the LEAST
comprehensive form that will still provide coverage for the loss?
A. HO-1
B. HO- 2
C. HO-3
D.HO-5 - ANSWER: C. HO-3
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
A legal obligation for injuries that are sustained due to failure to preform a duty is
known as:
A. negligence
B. Physical hazard
C. Liability
D. claims payment - ANSWER: C. Liability
A personal automobile policy's medical payments coverage will pay for
A. damage to the insured's car caused by a collision with another car
, B. intentional injuries to a passenger caused by the insured
C. injury to a family member who is struck by the insured's car
D. Damage to the insured's garage caused by the insured's car - ANSWER: C.
injury to a family member who is struck by the insured's car
A restaurant has clogged heating and cooling ducts. This an example of
A. Risk
B. Hazard
C. exclusion
D. Peril - ANSWER: B. Hazard
After an insurance producer license is issued, a licensee MUST complete how many
hours approved continuing education courses every two years?
A.15
B. 10
C.24
D.59 - ANSWER: c.24
after an insurer receives a satisfactory proof of loss from an insured on a fire loss,
payment is due within a MAX of how many days?
A.5
B. 30
C.60
D.90 - ANSWER: A.5
All of the following are an insured's duties after a property loss EXCEPT
A. provide proof loss info
B. cooperate with the insurer
C. vacate the property promptly
D. Provide prompt notice of the claim - ANSWER: C. vacate the property promptly
All of the following are insured contract under the commercial general Liability (CGL)
policy EXCEPT
A. lease of business equipment
B. elevator maintenance agreement
C. agreement to indemnify a municipality
EXAM| Complete Verified Questions and
Answers (A+ GRADED 100% VERIFIED)
A bond guaranteeing the obligation of one party to another by a third party is known
as a:
A. surety bond
B. guarantee bond
C. fiduciary bond
D. municipal bond - ANSWER: A. surety bond
A building to an insured's business is severely damaged by fire. bc of the nature of
the damage to the adjoining property, the insured is denied access to the business
by the fire dept. If the insured's property is covered under a business income
coverage form, the insurer will cover loss of earnings for a MAX of:
A. 6 months
B. 3 weeks
C. 60 days
D. 30 days - ANSWER: B. 3 weeks
A business insured under a commercial general liability policy has a general
aggregate limit of $100,000,000 and an occurrence limit of $100,000. An injured
party is awarded $100,000. What remain available to the insured?
A. General aggregate of $100,000,000; Occurrence limit of $0
B.A. General aggregate of $900,000; Occurrence limit of $100,000
C.A. General aggregate of $100,000,000; Occurrence limit of $100,000
D.A. General aggregate of $900,000; Occurrence limit of $0 - ANSWER: B.A.
General aggregate of $900,000; Occurrence limit of $100,000
A candidate for licenses as property ins producer must have completed a MIN of
how many of preliencsing education?
A. 45
B.10
C.15
D.30 - ANSWER: C.15
,A candidate for licensure as a casualty ins producer must have complete a MIN of
how hours of prelicensing education?
A. 45
B.15
C.30
D.7.5 - ANSWER: B.15
A Commercial General Liability policy provides coverage for which of the following
hazards?
A. Pollutions Liability
B. Premises Liability
C. Employee injury Liability
D. professional liability - ANSWER: B. Premises Liability
A deer jumps through the window of an insured's home, damaging the interior and
exterior walls. Which of the following HO Forms listed below is the LEAST
comprehensive form that will still provide coverage for the loss?
A. HO-1
B. HO- 2
C. HO-3
D.HO-5 - ANSWER: C. HO-3
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
A legal obligation for injuries that are sustained due to failure to preform a duty is
known as:
A. negligence
B. Physical hazard
C. Liability
D. claims payment - ANSWER: C. Liability
A personal automobile policy's medical payments coverage will pay for
A. damage to the insured's car caused by a collision with another car
, B. intentional injuries to a passenger caused by the insured
C. injury to a family member who is struck by the insured's car
D. Damage to the insured's garage caused by the insured's car - ANSWER: C.
injury to a family member who is struck by the insured's car
A restaurant has clogged heating and cooling ducts. This an example of
A. Risk
B. Hazard
C. exclusion
D. Peril - ANSWER: B. Hazard
After an insurance producer license is issued, a licensee MUST complete how many
hours approved continuing education courses every two years?
A.15
B. 10
C.24
D.59 - ANSWER: c.24
after an insurer receives a satisfactory proof of loss from an insured on a fire loss,
payment is due within a MAX of how many days?
A.5
B. 30
C.60
D.90 - ANSWER: A.5
All of the following are an insured's duties after a property loss EXCEPT
A. provide proof loss info
B. cooperate with the insurer
C. vacate the property promptly
D. Provide prompt notice of the claim - ANSWER: C. vacate the property promptly
All of the following are insured contract under the commercial general Liability (CGL)
policy EXCEPT
A. lease of business equipment
B. elevator maintenance agreement
C. agreement to indemnify a municipality
