ACTUAL EXAM 2026 | COMPLETE
QUESTIONS AND CORRECT ANSWERS |
UPDATED VERSION
A buisness entity acting as an insurance producer is required to ---------
CORRECT ANSWER-----------------Obtain an insurance producer license
The insured must continue to care for the each damaged field until ------
---CORRECT ANSWER-----------------An adjuster has examined the field
Limit of insurance X percentage of loss = ---------CORRECT ANSWER-------
----------Amount payable per acre
A loss that occurs at a specific time and place or over a period of time.
such as fire or hail storm. ---------CORRECT ANSWER-----------------
Occurrence
,The lack of reasonable care that is required to protect other from the
unreasonable chance of harm. ---------CORRECT ANSWER-----------------
Negligence
The maximum amount of money the insurance company will pay for a
particular loss, or for losses sustained during a period of time. Also
called limit of coverage, limit of insurance and policy limit ---------
CORRECT ANSWER-----------------Limits of Liability
Assignment of interest ---------CORRECT ANSWER-----------------You may
not assign your interest in this policy without our written consent
You may assign to another party your right to an indemnity for the crop
year only on our form and with our approval. the assignee with have
the right to submit the loss notices and forms required by the policy. ---
------CORRECT ANSWER-----------------Assignment of Indemnity
Final Planting Date FPD ---------CORRECT ANSWER-----------------last day
to plant unless insured for late planting
, Last day to apply for coverage ---------CORRECT ANSWER-----------------
Sales Closing Date SCD
The last day to report the acreage planted. if not reported, insurance
will not be in effect ---------CORRECT ANSWER-----------------Acreage
Reporting Date ARD
Last day to pay the premium with out being charged interest ---------
CORRECT ANSWER-----------------Payment Due Date
Last day to request cancellation of policy for the next year ---------
CORRECT ANSWER-----------------Cancellation Date
Last day to report production for actual production history APH ---------
CORRECT ANSWER-----------------Production Reporting Date PRD
Date insurance company will terminate the policy for nonpayment ------
---CORRECT ANSWER-----------------Debt Termination Date