PERSONAL LINES FINAL EXAM QUESTIONS WITH 100%
CORRECT ANSWERS/NEWEST UPDATE/GRADE A+
ASSURED.
What cpart cof cthe cpolicy clists cthe crules, cduties, cand cobligations cof cthe cinsured cand cinsurer?
A) cDeclarations cPage
B) cInsuring cAgreement
C) cconditions
D) cexclusions c- cCORRECT cANS✔✔C) cConditions
The cdirective cthat cstates cthe cviolation ccommitted cand crequires can cagent cto cstop cthe cillegal cacitivity cis ccalled: c
A) cshow ccause corder
B) csubpoena c
C) ctort
D) ccease cand cdesist corder c- cCORRECT cANS✔✔D) ccease cand cdesist corder
Extended cCoverage c(EC) cinclude call cof cthe cfollowing cperils, cEXCEPT:
A) cwind
B) criot
C) csmoke
D) cvandalism c- cCORRECT cANS✔✔D) cvandalism
A cdevice cwhich cis cused cto cminimize csmall cnuisance cclaims, clower cinsurance cpremiums, cand creduce cmorale chazards cis
ccalled:
A) carbitration
B) cdeductible
C) cvalued cpolicy
D) ccoinsurance c- cCORRECT cANS✔✔Deductible
All cof cthe cfollowing cperils care ccovered, cin ca cPERSONAL cARTICLES cFLOATER c(PAF), cEXCEPT:
A) cinherent cvice
B) cflood
C) cEarthquake
D) ctheft c- cCORRECT cANS✔✔A) cInherent cvice
The cpolicyholder chas ca cliability cof c$300,000 cand ccaused can caccident cinjuring cone cperson cin cthe camount cof c$250,000 cand
canother cperson cin cthe camount cof c$150,000. cWhat climit cof ccoverage capplies cto cthe closs?
A) c$150,000
B) c$300,000
C) c$250,000
D) c$400,000 c- cCORRECT cANS✔✔B) c$300,000
Eligible cvehicles care cdescribed cin cthe cPersonal cAuto cPolicy. cWhich cof cthe cfollowing cvehicles cis cNOT celigible? c
A) cA cnewly cacquired csedan
B) can cowned cSUV
C) cA cvan cused cas ca ctemporary csubstitute c
D) ca ctruck cused cto cmake cdeliveries c- cCORRECT cANS✔✔D) ca ctruck cused cto cmake cdeliveries
What cis cthe cdeductible cin can cUNINSURED cMOTORIST cCLAIM? c
A) c$100
B) c$200
C) c$250
D) c$500 c- cCORRECT cANS✔✔B) c$200
, In corder cfor can cinsurer cto cmeet ctheir cobligation cto can cinsured, c"insurable cinterest" cmust cexist:
A) cAt cthe ctime cthe closs coccurs
B) cAt cthe ctime cthe capplication cis cmade cfor cthe cinsurance
C) cAt cthe ctime cof capplication cor cat cthe ctime cof closs
D) cat cthe ctime cof capplication cand cat cthe ctime cof closs c- cCORRECT cANS✔✔A) cAt cthe ctime cthe closs coccurs
A ccustomer's cresponse cto ca cquestion cto cthe cbest cof ctheir cknowledge cor cbelief cis ccalled:
A) cwarranty
B) cMaterial cfact
C) cMisrepresentation c
D) cRepresentation c- cCORRECT cANS✔✔D) cRepresentation
In cVirginia, cA cNAMED cDRIVER cEXCLUSION c(NDE) cis:
A) cavailable con call cauto cpolicies
B) cOnly cavailable cby cendorsement
C) cRequired cto cexclude cdrivers con cthe cpolicy
D) cNot cavailable con can cauto cpolicy c- cCORRECT cANS✔✔D) cNot cavailable con can cauto cpolicy
The cpurpose cof cthe cFAIR cplan cis cto: c
A) cgive cthe cfederal cgovernment ca cmajor crole cin cproviding cinsurance
B) cMake cproperty cinsurance cavailable cfor chigh crisk cproperty cowners.
C) cRequire ccomplete cdisclosure cof cthe creasons cfor ccancellations
D) cForce call cinsurance ccompanies cto cparticipate cin can cinsurance cpool. c- cCORRECT cANS✔✔B) cmake cproperty cinsurance
cavailable cfor chigh crisk cproperty cowners.
Which ctype cof cwatercraft cis cinsurable con ca cyacht cpolicy?
A) cbarge
B) ccruise cship
C) csailboat
D) cchartered cfishing cboat c- cCORRECT cANS✔✔C) csailboat
Which cof cthe cfollowing cis cNOT ca cdirect closs?
A) cfire cdamage
B) cwater cdamage cas ca cresult cof cputting cout cthe cfire
C) cHotel cexpenses cas ca cresult cof cmoving cout cbecause cof cthe cfire
D) csmoke cdamage cresulting cfrom cthe cfire c- cCORRECT cANS✔✔C) chotel cexpenses cas ca cresult cof cmoving cout cbecause cof
cthe cfire
The cright cof cthe cinsurer cto ctake cover cthe cinsured's crights cto crecover cfro can cat-fault cparty cis cknown cas:
A) csubrogation
B) crestitution
C) cRecovery
D) cIndemnification c- cCORRECT cANS✔✔A) csubrogation
How cmany ccontinuing ceducation chours cmust can cagent ccomplete cfor cinsurance cethics cin ca cbiennium? c
A) cone
B) ctwo
C) cthree
D) cfour c- cCORRECT cANS✔✔C) cThree
All cof cthe cfollowing csituations care ccovered cunder can cEarthquake cendorsement cEXCEPT:
A) cLandslides
B) cMudflows
C) cUnderground ctremors cfrom ca cvolcano
D) cEarth cSinking c- cCORRECT cANS✔✔B) cmudflows
Which cof cthe cfollowing cconditions cin ca cpolicy cprohibits cthe cinsured cfrom ctransferring cany crights cor cduties cwithout cthe
cinsurers cwritten cpermission?
A) csubrogation cclause
B) cliberalization cclause
C) cabandonment cclause
D) cassignment cclause c- cCORRECT cANS✔✔D) cassignment cclause
On chomeowners cpolicies, cthe cterm c"insured clocation" cdescribes cwhere cliability ccoverage capplies cand cincludes call cthe
cfollowing, cEXCEPT:
A) cFamily ccemetery cplots
B) cA cnewly cacquired cpremises
C) cVacant cFarm cland cowned cby cthe cinsured
D) ca cNon cowned cpremises cused cas ca ctemporary cresidence cby cthe cinsured c- cCORRECT cANS✔✔C) cvacant cfarm cland
cowned cby cthe cinsured
All cof cthe cfollowing care ccovered cunder ca cmobile chome cendorsement, cEXCEPT: c
A) cmoving ccosts
B) cDwelling
CORRECT ANSWERS/NEWEST UPDATE/GRADE A+
ASSURED.
What cpart cof cthe cpolicy clists cthe crules, cduties, cand cobligations cof cthe cinsured cand cinsurer?
A) cDeclarations cPage
B) cInsuring cAgreement
C) cconditions
D) cexclusions c- cCORRECT cANS✔✔C) cConditions
The cdirective cthat cstates cthe cviolation ccommitted cand crequires can cagent cto cstop cthe cillegal cacitivity cis ccalled: c
A) cshow ccause corder
B) csubpoena c
C) ctort
D) ccease cand cdesist corder c- cCORRECT cANS✔✔D) ccease cand cdesist corder
Extended cCoverage c(EC) cinclude call cof cthe cfollowing cperils, cEXCEPT:
A) cwind
B) criot
C) csmoke
D) cvandalism c- cCORRECT cANS✔✔D) cvandalism
A cdevice cwhich cis cused cto cminimize csmall cnuisance cclaims, clower cinsurance cpremiums, cand creduce cmorale chazards cis
ccalled:
A) carbitration
B) cdeductible
C) cvalued cpolicy
D) ccoinsurance c- cCORRECT cANS✔✔Deductible
All cof cthe cfollowing cperils care ccovered, cin ca cPERSONAL cARTICLES cFLOATER c(PAF), cEXCEPT:
A) cinherent cvice
B) cflood
C) cEarthquake
D) ctheft c- cCORRECT cANS✔✔A) cInherent cvice
The cpolicyholder chas ca cliability cof c$300,000 cand ccaused can caccident cinjuring cone cperson cin cthe camount cof c$250,000 cand
canother cperson cin cthe camount cof c$150,000. cWhat climit cof ccoverage capplies cto cthe closs?
A) c$150,000
B) c$300,000
C) c$250,000
D) c$400,000 c- cCORRECT cANS✔✔B) c$300,000
Eligible cvehicles care cdescribed cin cthe cPersonal cAuto cPolicy. cWhich cof cthe cfollowing cvehicles cis cNOT celigible? c
A) cA cnewly cacquired csedan
B) can cowned cSUV
C) cA cvan cused cas ca ctemporary csubstitute c
D) ca ctruck cused cto cmake cdeliveries c- cCORRECT cANS✔✔D) ca ctruck cused cto cmake cdeliveries
What cis cthe cdeductible cin can cUNINSURED cMOTORIST cCLAIM? c
A) c$100
B) c$200
C) c$250
D) c$500 c- cCORRECT cANS✔✔B) c$200
, In corder cfor can cinsurer cto cmeet ctheir cobligation cto can cinsured, c"insurable cinterest" cmust cexist:
A) cAt cthe ctime cthe closs coccurs
B) cAt cthe ctime cthe capplication cis cmade cfor cthe cinsurance
C) cAt cthe ctime cof capplication cor cat cthe ctime cof closs
D) cat cthe ctime cof capplication cand cat cthe ctime cof closs c- cCORRECT cANS✔✔A) cAt cthe ctime cthe closs coccurs
A ccustomer's cresponse cto ca cquestion cto cthe cbest cof ctheir cknowledge cor cbelief cis ccalled:
A) cwarranty
B) cMaterial cfact
C) cMisrepresentation c
D) cRepresentation c- cCORRECT cANS✔✔D) cRepresentation
In cVirginia, cA cNAMED cDRIVER cEXCLUSION c(NDE) cis:
A) cavailable con call cauto cpolicies
B) cOnly cavailable cby cendorsement
C) cRequired cto cexclude cdrivers con cthe cpolicy
D) cNot cavailable con can cauto cpolicy c- cCORRECT cANS✔✔D) cNot cavailable con can cauto cpolicy
The cpurpose cof cthe cFAIR cplan cis cto: c
A) cgive cthe cfederal cgovernment ca cmajor crole cin cproviding cinsurance
B) cMake cproperty cinsurance cavailable cfor chigh crisk cproperty cowners.
C) cRequire ccomplete cdisclosure cof cthe creasons cfor ccancellations
D) cForce call cinsurance ccompanies cto cparticipate cin can cinsurance cpool. c- cCORRECT cANS✔✔B) cmake cproperty cinsurance
cavailable cfor chigh crisk cproperty cowners.
Which ctype cof cwatercraft cis cinsurable con ca cyacht cpolicy?
A) cbarge
B) ccruise cship
C) csailboat
D) cchartered cfishing cboat c- cCORRECT cANS✔✔C) csailboat
Which cof cthe cfollowing cis cNOT ca cdirect closs?
A) cfire cdamage
B) cwater cdamage cas ca cresult cof cputting cout cthe cfire
C) cHotel cexpenses cas ca cresult cof cmoving cout cbecause cof cthe cfire
D) csmoke cdamage cresulting cfrom cthe cfire c- cCORRECT cANS✔✔C) chotel cexpenses cas ca cresult cof cmoving cout cbecause cof
cthe cfire
The cright cof cthe cinsurer cto ctake cover cthe cinsured's crights cto crecover cfro can cat-fault cparty cis cknown cas:
A) csubrogation
B) crestitution
C) cRecovery
D) cIndemnification c- cCORRECT cANS✔✔A) csubrogation
How cmany ccontinuing ceducation chours cmust can cagent ccomplete cfor cinsurance cethics cin ca cbiennium? c
A) cone
B) ctwo
C) cthree
D) cfour c- cCORRECT cANS✔✔C) cThree
All cof cthe cfollowing csituations care ccovered cunder can cEarthquake cendorsement cEXCEPT:
A) cLandslides
B) cMudflows
C) cUnderground ctremors cfrom ca cvolcano
D) cEarth cSinking c- cCORRECT cANS✔✔B) cmudflows
Which cof cthe cfollowing cconditions cin ca cpolicy cprohibits cthe cinsured cfrom ctransferring cany crights cor cduties cwithout cthe
cinsurers cwritten cpermission?
A) csubrogation cclause
B) cliberalization cclause
C) cabandonment cclause
D) cassignment cclause c- cCORRECT cANS✔✔D) cassignment cclause
On chomeowners cpolicies, cthe cterm c"insured clocation" cdescribes cwhere cliability ccoverage capplies cand cincludes call cthe
cfollowing, cEXCEPT:
A) cFamily ccemetery cplots
B) cA cnewly cacquired cpremises
C) cVacant cFarm cland cowned cby cthe cinsured
D) ca cNon cowned cpremises cused cas ca ctemporary cresidence cby cthe cinsured c- cCORRECT cANS✔✔C) cvacant cfarm cland
cowned cby cthe cinsured
All cof cthe cfollowing care ccovered cunder ca cmobile chome cendorsement, cEXCEPT: c
A) cmoving ccosts
B) cDwelling
