1|Page
Utah Property & Casualty Insurance Producer Exam
ACTUAL VERIFIED EXAM COMPLETE QUESTIONS
AND CORRECT ANSWERS LATEST UPDATE THIS
YEAR.pdf||NEWEST EXAM!!!
Nancy purchases an auto policy on her new car. There are
no other insureds listed on the declaration page. Nancy is
considered - Answer-The named insured
Which of the following would not be included on the
declarations page of the policy
A. the name of the insured
B. the exclusions in the policy
C. the description of the policy
D. the amount of coverage provided - Answer-The
exclusions in the policy
Which of the following is not an example of an insurable
interest?
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A. a dog groomer's interest in the pets that are in his
building for service
B. A person's interest in the home improvements he has
made to a rental property he owns
C. a person's interest in the home that his parents own
D. a person's interest in the home she owns - Answer-C. a
person's interest in the home that his parents own
What is the primary source of underwriting information -
Answer-the application
Which of the following is calculated by dividing the
underwriting expenses by the written premium and is a
good indicator of the cost of doing business - Answer-the
expense ratio
What is an oral or written statement made by the agent
that gives the insured immediate coverage for a specified
time - Answer-a binder
Which of the following is not a ratio that the insurer uses to
evaluate performance?
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expense ratio
loss ratio
cost ratio
combined ratio - Answer-cost ratio
Which of the following premium rating methods is
determined by considering the individual risk and using
careful judgment and the experience of the underwriter -
Answer-the judgment rating
All of the following are ways to assign rates except:
manual
judgement
experience rating
pro rata - Answer-pro rata
An act of terrorism must be certified by the secretary of
treasury in consultation with the secretary of homeland
security, and the - Answer-U.S. Attorney General
, 4|Page
Which of the following acts requires financial institutions
and insurance companies to explain their information-
sharing practices to their customers and to safeguard
sensitive data - Answer-GLBA
Imprisonment may be ordered for up to how many years if
false statements made jeopardized the safety an
soundness of an insurer and were significant cause of the
insurer being placed in conservation, rehabilitation, or
liquidation by the courts? - Answer-15
The duties following a loss condition lists the insured's
responsibilities after a loss. One of these duties requires
that the insured completes an official inventory of the
damages. This is also known as - Answer-a detailed proof
of loss
The heart of the insurance policy that states what will be
covered is called - Answer-the insuring agreement
All of the following statements regarding the rights and
responsibilities of an insurer of insured when an insurance
contract is canceled or non renewed are true except
Utah Property & Casualty Insurance Producer Exam
ACTUAL VERIFIED EXAM COMPLETE QUESTIONS
AND CORRECT ANSWERS LATEST UPDATE THIS
YEAR.pdf||NEWEST EXAM!!!
Nancy purchases an auto policy on her new car. There are
no other insureds listed on the declaration page. Nancy is
considered - Answer-The named insured
Which of the following would not be included on the
declarations page of the policy
A. the name of the insured
B. the exclusions in the policy
C. the description of the policy
D. the amount of coverage provided - Answer-The
exclusions in the policy
Which of the following is not an example of an insurable
interest?
,2|Page
A. a dog groomer's interest in the pets that are in his
building for service
B. A person's interest in the home improvements he has
made to a rental property he owns
C. a person's interest in the home that his parents own
D. a person's interest in the home she owns - Answer-C. a
person's interest in the home that his parents own
What is the primary source of underwriting information -
Answer-the application
Which of the following is calculated by dividing the
underwriting expenses by the written premium and is a
good indicator of the cost of doing business - Answer-the
expense ratio
What is an oral or written statement made by the agent
that gives the insured immediate coverage for a specified
time - Answer-a binder
Which of the following is not a ratio that the insurer uses to
evaluate performance?
,3|Page
expense ratio
loss ratio
cost ratio
combined ratio - Answer-cost ratio
Which of the following premium rating methods is
determined by considering the individual risk and using
careful judgment and the experience of the underwriter -
Answer-the judgment rating
All of the following are ways to assign rates except:
manual
judgement
experience rating
pro rata - Answer-pro rata
An act of terrorism must be certified by the secretary of
treasury in consultation with the secretary of homeland
security, and the - Answer-U.S. Attorney General
, 4|Page
Which of the following acts requires financial institutions
and insurance companies to explain their information-
sharing practices to their customers and to safeguard
sensitive data - Answer-GLBA
Imprisonment may be ordered for up to how many years if
false statements made jeopardized the safety an
soundness of an insurer and were significant cause of the
insurer being placed in conservation, rehabilitation, or
liquidation by the courts? - Answer-15
The duties following a loss condition lists the insured's
responsibilities after a loss. One of these duties requires
that the insured completes an official inventory of the
damages. This is also known as - Answer-a detailed proof
of loss
The heart of the insurance policy that states what will be
covered is called - Answer-the insuring agreement
All of the following statements regarding the rights and
responsibilities of an insurer of insured when an insurance
contract is canceled or non renewed are true except
