Property and casualty Missed practice exam questions with 100% accurate answers

who is NOT considered an employee in a commercial general liability (CGL) policy? A. temporary worker B. leased worker C. full-time worker D. Part-time worker correct answers A (in CGL policy, a temporary worker is not considered an employee) The national do not call registry was created to regulate A. telemarketers B. field underwriters C. Insurers D. insurance solicitors correct answers A In comparison to consumer reports, which of the following describes a unique characteristic of investigative consumer reports? A. they provide information about a customers character and reputation B. the customer has no knowledge of this action C. The consumer's associates, friends, and neighbors provide the report's data. D. they provide additional information from an outside source about a particular risk. correct answers C (reports are provided from an outside source about a customer's character. both reports are used under Fair Credit Reporting Act) an insurance company assures its new policy holders that their premium costs will not increase for a period of at least five years. however due to increasing financial strain, they plan to raise premium costs for all insureds by 10% over the next two years. What term best describes this act? A. unfair discrimination B. erros and omissions C. fraud D. defamation correct answers C (any falsely omissions of material fraud are considered unlawful insurance fraud) a premium discount is the term that describes when an insured owes a total standard premium greater than A. $15,000 B. $1,000 C. $5,000 D. $10,000 correct answers C (loss sustained crime coverage pays for losses that occur during the policy period and are found for up to 1 year after the policy is terminated) Which type of commercial crime policy coverage is triggered by a loss that happens during the policy period, but is not necessarily discovered during the policy period?