VA P&C Practice Exam Questions
d/ d/ d/ d/
Whichd/ofd/thed/followingd/representsd/pured/risk?
A.d/Purchased/ofd/stockd/ind/ad/newd/company
B.d/And/investmentd/ind/reald/estate
C.d/Purchased/ofd/ad/lotteryd/ticket
D.d/Chanced/ofd/fired/ind/ad/dwellingd/-d/correctd/answer✔ ✔
D.d/Chanced/ofd/fired/ind/ad/dwelling
WHICHd/OFd/THEd/FOLLOWINGd/ISd/Ad/PERIL?
A.d/ATTITUDEd/TOWARDSd/SAFETY
B.d/FIRE
C.d/DEDUCTIBLE
D.d/ANd/EXCLUSIONd/-d/correctd/answer✔ ✔ B.d/FIRE
Directd/lossd/refersd/to:
A.d/Fired/damaged/tod/ad/dwellingsd/roofd/
B.d/Costd/ofd/increasedd/livingd/expensesd/dued/tod/ad/fire
C.d/Reductiond/ind/thed/valued/ofd/ind/thed/insured'sd/401k
D.d/Exclusionsd/-d/correctd/answer✔ ✔ A.d/Fired/damaged/tod/ad/dwellingsd/roof
Whend/propertyd/isd/uniqued/ind/value,d/whichd/ofd/thed/followingd/mayd/bed/usedd/tod/developd/
premium?
A.d/Actuald/Cashd/Value
B.d/Replacementd/Cost
C.d/Statedd/Value
D.d/Salvaged/Valued/-d/correctd/answer✔ ✔ C.d/Statedd/Value
Thered/isd/ad/conditiond/ind/mostd/propertyd/policiesd/thatd/mayd/excluded/coveraged/ford/certai
nd/perilsd/dependingd/ond/thed/occupancyd/ofd/thed/buildingd/atd/thed/timed/ofd/loss.d/Ifd/thed/ins
,uredd/movedd/tod/ad/newd/dwellingd/60d/daysd/befored/thed/loss,d/whichd/ofd/thed/followingd/con
ditionsd/mightd/apply?
A.d/Unoccupancy
B.d/Vacancy
C.d/Used/limitation
D.d/Protectiond/warrantyd/-d/correctd/answer✔ ✔ B.d/Vacancy
Thered/isd/ad/conditiond/ind/mostd/propertyd/policiesd/thatd/mayd/excluded/coveraged/ford/certai
nd/perilsd/dependingd/ond/thed/occupancyd/ofd/thed/buildingd/atd/thed/timed/ofd/loss.d/Ifd/thed/ins
uredd/hasd/ad/vandalismd/claimd/whiled/theyd/ared/ond/vacation,d/whichd/ofd/thed/followingd/con
ditionsd/mightd/apply?
A.d/Unoccupancy
B.d/Vacancy
C.d/Used/limitation
D.d/Protectiond/warrantyd/-d/correctd/answer✔ ✔ A.d/Unoccupancy
Whend/and/individuald/ord/businessd/causesd/harmd/tod/another,d/thed/injuredd/partyd/willd/exp
ectd/theird/damagesd/tod/bed/coveredd/byd/thed/persond/causingd/thed/injury.d/Ifd/thed/individual
d/ ord/businessd/causingd/harmd/willd/bed/heldd/responsibled/ford/thed/damagesd/regardlessd/ofd
negligence,d/wed/sayd/theyd/are:
/
A.d/Negligent
B.d/Absolutelyd/liable
C.d/Vicariouslyd/liable
D.d/Notd/liabled/-d/correctd/answer✔ ✔ B.d/Absolutelyd/liable
Whend/and/insuredd/isd/heldd/liabled/ford/ad/productd/theyd/manufacturedd/thatd/causedd/injuryd
and/negligenced/doesd/notd/needd/tod/bed/proven,d/whatd/typed/ofd/liabilityd/isd/this?
/
A.d/Negligence
B.d/Vicariousd/liability
C.d/Notd/liable
D.d/Strictd/liabilityd/-d/correctd/answer✔ ✔ D.d/Strictd/liability
,Ind/ad/commerciald/insuranced/policy,d/thed/persond/withd/thed/responsibilityd/ofd/administerin
gd/thed/policy,d/makingd/payments,d/etc.d/isd/the:
A.d/Namedd/insured
B.d/Additionald/insured
C.d/Firstd/namedd/insured
D.d/Lienholderd/-d/correctd/answer✔ ✔ C.d/Firstd/namedd/insured
Alld/ofd/thed/followingd/ared/dutiesd/ofd/thed/insuredd/asd/detailedd/ind/thed/Conditionsd/ofd/thed/p
olicyd/EXCEPT:
A.d/Maked/premiumd/paymentsd/ond/time
B.d/Notifyd/insurerd/ofd/incidentsd/thatd/mayd/leadd/tod/ad/claim
C.d/Cooperated/withd/thed/insurer
D.d/Assistd/ind/selectingd/and/insuranced/adjusterd/-d/correctd/answer✔ ✔
D.d/Assistd/ind/selectingd/and/insuranced/adjuster
Whichd/ofd/thed/followingd/isd/trued/regardingd/thed/insurer'sd/rightsd/tod/claimd/settlement?
A.d/Thed/insuredd/mustd/agreed/tod/alld/aspectsd/ofd/thed/settlement.
B.d/Thed/insurerd/mayd/notd/settled/ad/claimd/unlessd/thered/isd/ad/courtd/order.
C.d/Thed/insurerd/mayd/settled/ad/liabilityd/claimd/withoutd/thed/insured'sd/permission.
D.d/Thed/insuredd/retainsd/completed/rightsd/ofd/claimd/settlement.d/-d/correctd/answer✔ ✔
C.d/Thed/insurerd/mayd/settled/ad/liabilityd/claimd/withoutd/thed/insured'sd/permission.
Whichd/ofd/thed/followingd/statementsd/concerningd/ad/proofd/ofd/lossd/isd/NOTd/true?
A.d/Itd/isd/thed/dutyd/ofd/thed/insuredd/tod/submitd/ad/proofd/ofd/loss.
B.d/Thed/insurerd/providesd/thed/insuredd/withd/thed/proofd/ofd/lossd/atd/thed/appropriated/time
C.d/Ad/proofd/ofd/lossd/detailsd/thed/circumstancesd/ofd/thed/loss
D.d/Ad/proofd/ofd/lossd/mayd/bed/orald/-d/correctd/answer✔ ✔
D.d/Ad/proofd/ofd/lossd/mayd/bed/oral
Ad/noticed/ofd/claimd/tod/and/insurerd/mustd/included/alld/ofd/thed/followingd/EXCEPT:
, A.d/Insured'sd/name
B.d/Insured'sd/address
C.d/Named/ofd/insured'sd/attorney
D.d/Descriptiond/ofd/howd/thed/lossd/occurredd/-d/correctd/answer✔ ✔
C.d/Named/ofd/insured'sd/attorney
Johnd/hasd/twod/homeowner'sd/policiesd/ind/force.d/Policyd/Ad/coversd/thed/homed/ford/$200,0
00d/andd/Policyd/Bd/coversd/thed/homed/ford/$100,000.d/Thed/totald/insuranced/ind/forced/isd/$3
00,000.d/Johnd/hasd/ad/fired/thatd/doesd/$45,000d/damaged/tod/thed/home.d/Howd/muchd/willd/P
olicyd/Ad/pay?
A.d/$45,000
B.d/$0
C.d/$15,000
D.d/$30,000d/-d/correctd/answer✔ ✔ D.d/$30,000
Selectd/thed/itemd/thatd/isd/consideredd/ad/consumerd/report:
A.d/Drivingd/record
B.d/Applicationd/ford/insurance
C.d/Thed/agent'sd/knowledged/ofd/thed/applicant
D.d/Inspectiond/ofd/thed/propertyd/-d/correctd/answer✔ ✔ A.d/Drivingd/record
Ifd/informationd/ond/consumerd/reportsd/differsd/fromd/and/applicant'sd/statementsd/andd/caus
esd/thed/insurerd/tod/rejectd/thed/application,d/thed/insurerd/hasd/maded/a/an:
A.d/Adversed/underwritingd/decision
B.d/Unfaird/decision
C.d/Unfaird/discriminatoryd/decision
D.d/Negatived/underwritingd/decisiond/-d/correctd/answer✔ ✔
A.d/Adversed/underwritingd/decision
Identifyd/ad/federald/lawd/thatd/protectsd/thed/privacyd/ofd/insuranced/applicants:
A.d/Equald/Employmentd/Opportunityd/Law
d/ d/ d/ d/
Whichd/ofd/thed/followingd/representsd/pured/risk?
A.d/Purchased/ofd/stockd/ind/ad/newd/company
B.d/And/investmentd/ind/reald/estate
C.d/Purchased/ofd/ad/lotteryd/ticket
D.d/Chanced/ofd/fired/ind/ad/dwellingd/-d/correctd/answer✔ ✔
D.d/Chanced/ofd/fired/ind/ad/dwelling
WHICHd/OFd/THEd/FOLLOWINGd/ISd/Ad/PERIL?
A.d/ATTITUDEd/TOWARDSd/SAFETY
B.d/FIRE
C.d/DEDUCTIBLE
D.d/ANd/EXCLUSIONd/-d/correctd/answer✔ ✔ B.d/FIRE
Directd/lossd/refersd/to:
A.d/Fired/damaged/tod/ad/dwellingsd/roofd/
B.d/Costd/ofd/increasedd/livingd/expensesd/dued/tod/ad/fire
C.d/Reductiond/ind/thed/valued/ofd/ind/thed/insured'sd/401k
D.d/Exclusionsd/-d/correctd/answer✔ ✔ A.d/Fired/damaged/tod/ad/dwellingsd/roof
Whend/propertyd/isd/uniqued/ind/value,d/whichd/ofd/thed/followingd/mayd/bed/usedd/tod/developd/
premium?
A.d/Actuald/Cashd/Value
B.d/Replacementd/Cost
C.d/Statedd/Value
D.d/Salvaged/Valued/-d/correctd/answer✔ ✔ C.d/Statedd/Value
Thered/isd/ad/conditiond/ind/mostd/propertyd/policiesd/thatd/mayd/excluded/coveraged/ford/certai
nd/perilsd/dependingd/ond/thed/occupancyd/ofd/thed/buildingd/atd/thed/timed/ofd/loss.d/Ifd/thed/ins
,uredd/movedd/tod/ad/newd/dwellingd/60d/daysd/befored/thed/loss,d/whichd/ofd/thed/followingd/con
ditionsd/mightd/apply?
A.d/Unoccupancy
B.d/Vacancy
C.d/Used/limitation
D.d/Protectiond/warrantyd/-d/correctd/answer✔ ✔ B.d/Vacancy
Thered/isd/ad/conditiond/ind/mostd/propertyd/policiesd/thatd/mayd/excluded/coveraged/ford/certai
nd/perilsd/dependingd/ond/thed/occupancyd/ofd/thed/buildingd/atd/thed/timed/ofd/loss.d/Ifd/thed/ins
uredd/hasd/ad/vandalismd/claimd/whiled/theyd/ared/ond/vacation,d/whichd/ofd/thed/followingd/con
ditionsd/mightd/apply?
A.d/Unoccupancy
B.d/Vacancy
C.d/Used/limitation
D.d/Protectiond/warrantyd/-d/correctd/answer✔ ✔ A.d/Unoccupancy
Whend/and/individuald/ord/businessd/causesd/harmd/tod/another,d/thed/injuredd/partyd/willd/exp
ectd/theird/damagesd/tod/bed/coveredd/byd/thed/persond/causingd/thed/injury.d/Ifd/thed/individual
d/ ord/businessd/causingd/harmd/willd/bed/heldd/responsibled/ford/thed/damagesd/regardlessd/ofd
negligence,d/wed/sayd/theyd/are:
/
A.d/Negligent
B.d/Absolutelyd/liable
C.d/Vicariouslyd/liable
D.d/Notd/liabled/-d/correctd/answer✔ ✔ B.d/Absolutelyd/liable
Whend/and/insuredd/isd/heldd/liabled/ford/ad/productd/theyd/manufacturedd/thatd/causedd/injuryd
and/negligenced/doesd/notd/needd/tod/bed/proven,d/whatd/typed/ofd/liabilityd/isd/this?
/
A.d/Negligence
B.d/Vicariousd/liability
C.d/Notd/liable
D.d/Strictd/liabilityd/-d/correctd/answer✔ ✔ D.d/Strictd/liability
,Ind/ad/commerciald/insuranced/policy,d/thed/persond/withd/thed/responsibilityd/ofd/administerin
gd/thed/policy,d/makingd/payments,d/etc.d/isd/the:
A.d/Namedd/insured
B.d/Additionald/insured
C.d/Firstd/namedd/insured
D.d/Lienholderd/-d/correctd/answer✔ ✔ C.d/Firstd/namedd/insured
Alld/ofd/thed/followingd/ared/dutiesd/ofd/thed/insuredd/asd/detailedd/ind/thed/Conditionsd/ofd/thed/p
olicyd/EXCEPT:
A.d/Maked/premiumd/paymentsd/ond/time
B.d/Notifyd/insurerd/ofd/incidentsd/thatd/mayd/leadd/tod/ad/claim
C.d/Cooperated/withd/thed/insurer
D.d/Assistd/ind/selectingd/and/insuranced/adjusterd/-d/correctd/answer✔ ✔
D.d/Assistd/ind/selectingd/and/insuranced/adjuster
Whichd/ofd/thed/followingd/isd/trued/regardingd/thed/insurer'sd/rightsd/tod/claimd/settlement?
A.d/Thed/insuredd/mustd/agreed/tod/alld/aspectsd/ofd/thed/settlement.
B.d/Thed/insurerd/mayd/notd/settled/ad/claimd/unlessd/thered/isd/ad/courtd/order.
C.d/Thed/insurerd/mayd/settled/ad/liabilityd/claimd/withoutd/thed/insured'sd/permission.
D.d/Thed/insuredd/retainsd/completed/rightsd/ofd/claimd/settlement.d/-d/correctd/answer✔ ✔
C.d/Thed/insurerd/mayd/settled/ad/liabilityd/claimd/withoutd/thed/insured'sd/permission.
Whichd/ofd/thed/followingd/statementsd/concerningd/ad/proofd/ofd/lossd/isd/NOTd/true?
A.d/Itd/isd/thed/dutyd/ofd/thed/insuredd/tod/submitd/ad/proofd/ofd/loss.
B.d/Thed/insurerd/providesd/thed/insuredd/withd/thed/proofd/ofd/lossd/atd/thed/appropriated/time
C.d/Ad/proofd/ofd/lossd/detailsd/thed/circumstancesd/ofd/thed/loss
D.d/Ad/proofd/ofd/lossd/mayd/bed/orald/-d/correctd/answer✔ ✔
D.d/Ad/proofd/ofd/lossd/mayd/bed/oral
Ad/noticed/ofd/claimd/tod/and/insurerd/mustd/included/alld/ofd/thed/followingd/EXCEPT:
, A.d/Insured'sd/name
B.d/Insured'sd/address
C.d/Named/ofd/insured'sd/attorney
D.d/Descriptiond/ofd/howd/thed/lossd/occurredd/-d/correctd/answer✔ ✔
C.d/Named/ofd/insured'sd/attorney
Johnd/hasd/twod/homeowner'sd/policiesd/ind/force.d/Policyd/Ad/coversd/thed/homed/ford/$200,0
00d/andd/Policyd/Bd/coversd/thed/homed/ford/$100,000.d/Thed/totald/insuranced/ind/forced/isd/$3
00,000.d/Johnd/hasd/ad/fired/thatd/doesd/$45,000d/damaged/tod/thed/home.d/Howd/muchd/willd/P
olicyd/Ad/pay?
A.d/$45,000
B.d/$0
C.d/$15,000
D.d/$30,000d/-d/correctd/answer✔ ✔ D.d/$30,000
Selectd/thed/itemd/thatd/isd/consideredd/ad/consumerd/report:
A.d/Drivingd/record
B.d/Applicationd/ford/insurance
C.d/Thed/agent'sd/knowledged/ofd/thed/applicant
D.d/Inspectiond/ofd/thed/propertyd/-d/correctd/answer✔ ✔ A.d/Drivingd/record
Ifd/informationd/ond/consumerd/reportsd/differsd/fromd/and/applicant'sd/statementsd/andd/caus
esd/thed/insurerd/tod/rejectd/thed/application,d/thed/insurerd/hasd/maded/a/an:
A.d/Adversed/underwritingd/decision
B.d/Unfaird/decision
C.d/Unfaird/discriminatoryd/decision
D.d/Negatived/underwritingd/decisiond/-d/correctd/answer✔ ✔
A.d/Adversed/underwritingd/decision
Identifyd/ad/federald/lawd/thatd/protectsd/thed/privacyd/ofd/insuranced/applicants:
A.d/Equald/Employmentd/Opportunityd/Law
