PNC EXAM QUESTIONS & ANSWERS
GRADED A+ LATEST UPDATE
Insurers must file all rates and forms for Commissioner's approval within how many days prior
to use? - ANS ✔✔60 days
An applicant properly notifies her insurer of a straightforward claim, but the insurer waits an
exceedingly long time to process it. Which of the below terms best describes the behavior of
the insurer? - ANS ✔✔Unfair claims settlement practice
An insurance agent wants for a client to replace her current annuities plan with another one. He
presents the new one in an incomplete and dishonest way, which makes the new contract seem
far more appealing than the original one. The policyowner ends up surrendering her original
contract and replacing it with the new one. Which term best describes what the agent did? -
ANS ✔✔Twisting
How long must producer maintain records of continuing education course completion? - ANS
✔✔4 years
On its advertisement, a company claims that it has funds in its possession that are, in fact, not
available for the payment of losses or claims. The company is guilty of - ANS
✔✔Misrepresentation
If the actual values exceed the limit of insurance, the businessowners policy (BOP) contains a
seasonal increase provision that automatically increases the limit of insurance for business
personal property by - ANS ✔✔25%
Which of the following is the Fair Rental Value coverage in the dwelling policy? - ANS
✔✔Coverage D
GRADED A+ LATEST UPDATE
Insurers must file all rates and forms for Commissioner's approval within how many days prior
to use? - ANS ✔✔60 days
An applicant properly notifies her insurer of a straightforward claim, but the insurer waits an
exceedingly long time to process it. Which of the below terms best describes the behavior of
the insurer? - ANS ✔✔Unfair claims settlement practice
An insurance agent wants for a client to replace her current annuities plan with another one. He
presents the new one in an incomplete and dishonest way, which makes the new contract seem
far more appealing than the original one. The policyowner ends up surrendering her original
contract and replacing it with the new one. Which term best describes what the agent did? -
ANS ✔✔Twisting
How long must producer maintain records of continuing education course completion? - ANS
✔✔4 years
On its advertisement, a company claims that it has funds in its possession that are, in fact, not
available for the payment of losses or claims. The company is guilty of - ANS
✔✔Misrepresentation
If the actual values exceed the limit of insurance, the businessowners policy (BOP) contains a
seasonal increase provision that automatically increases the limit of insurance for business
personal property by - ANS ✔✔25%
Which of the following is the Fair Rental Value coverage in the dwelling policy? - ANS
✔✔Coverage D
