IDAHO PROPERTY AND CASUALTY EXAMS
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔An auto "certificate of self-insurance" is issued by:
A. Any authorized insurance company
B. A certified public accountant
C. The Idaho Department of Motor Vehicles
D. The Idaho Department of Insurance - ✔✔D. The Idaho Department of Insurance
✔✔Nancy is 80% the cause of an accident. What proportion of her damages may she
recover from the person who was 20% the cause of the accident?
A. 100%
B. 20%
C. 80%
D. None - ✔✔D. None
✔✔A Third Party Administrator:
A. Must have an appointment
B. Must be bonded
C. May sell insurance
D. Must pass the Idaho licensing exam - ✔✔B. Must be bonded
✔✔The Director of Insurance has the authority to issue orders. Any order must:
A. State its purpose and effective date
B. Be published in a local newspaper for 14 days - ✔✔A. State its purpose and effective
date
✔✔The Idaho Auto Financial Responsibility requirement may be met by posting cash
with the Secretary of State or a bond in the amounts of at least:
,A. $100,000
B. $50,000
C. $70,000
D. $25,000 - ✔✔B. $50,000
✔✔An alien insurer is one domiciled in another:
A. State
B. Country - ✔✔B. Country
✔✔Every auto policy sold in Idaho must contain Uninsured and Underinsured Motorist
coverage unless:
A. The auto is valued at less than $5,000
B. The insured waived the coverage in writing - ✔✔B. The insured waived the coverage
in writing
✔✔A temporary producer license is effective for:
A. 180 days
B. 1 year - ✔✔A. 180 days
✔✔Which of the following is correct regarding the situation where a producer pays a
client's premium?
A. This is legal only if the premium is less than $500
B. This is specifically prohibited by Idaho statute
C. This is legal but the client must grant written permission in advance
D. This is legal only if the Producer collects reasonable interest from the client - ✔✔D.
This is legal only if the Producer collects reasonable interest from the client
✔✔A producer must notify the Director of any change of address within:
A. 10 days
B. 30 days
C. 60 days
D. 90 days - ✔✔B. 30 days
✔✔In Idaho, a motor vehicle liability policy must state each of the following EXCEPT:
A. The policy period
B. The premium and motor vehicles covered
C. The conditions for cancellation of the policy
,D. The coverage and limits of liability provided by the policy - ✔✔C. The conditions for
cancellation of the policy
✔✔A casualty producer may split a commission with a:
A. Casualty producer
B. Health producer
C. Property producer
D. Limited lines producer - ✔✔A. Casualty producer
✔✔The age of majority for purchasing insurance in Idaho is:
A. 15
B. 18
C. 20
D. 21 - ✔✔A. 15
✔✔Which of the following is the amount of Uninsured/Underinsured Motorist coverage
that must be offered in Idaho?
A. $70,000
B. $25,000/$50,000/$15,000
C. $25,000
D. $25,000/$50,000 - ✔✔D. $25,000/$50,000
✔✔Each is a legal form of discrimination in Idaho EXCEPT:
A. genetic traits
B. geographical location
C. smoking
D. age - ✔✔A. genetic traits
✔✔The term of the appointment is:
A. until the license is terminated
B. one year - ✔✔A. until the license is terminated
✔✔A producer's premium receipt must contain each of the following EXCEPT:
A. the producer's office address and phone number
B. the amount received
C. the purpose of the payment
D. the name of the payee - ✔✔A. the producer's office address and phone number
, ✔✔If the Director wants to revoke a producer's license, how much notice must be given
prior to the hearing?
A. 20 days
B. 60 days
C. 90 days
D. 120 days - ✔✔A. 20 days
✔✔A disabled worker must wait how long before disability work comp benefits will be
paid?
A. 3 days
B. 5 days
C. 14 days
D. 30 days - ✔✔B. 5 days
✔✔The Director of Insurance is:
A. appointed by the Governor
B. elected - ✔✔A. appointed by the Governor
✔✔It is legal for an underwriter to discriminate on the basis of which of the following?
A. race
B. smoking
C. religion
D. the fact than an applicant is a victim of abuse - ✔✔B. smoking
✔✔In Idaho, a motor vehicle policy must:
A. state that the policy complies with the requirements of Idaho auto insurance laws
B. provide coverage within the United States and Canada
C. cover the named Insureds using any non-owned motor vehicle within the U.S. and
Canada
D. all of the above - ✔✔D. all of the above
✔✔Cash received from a client must be deposited IN the trust account within:
A. 24 hours if it exceeds $500
B. 3 business days if it exceeds $2,000
C. 48 hours if it exceeds $100
D. 5 business days if it exceeds $1,000 - ✔✔B. 3 business days if it exceeds $2,000
✔✔The Director of Insurance may:
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔An auto "certificate of self-insurance" is issued by:
A. Any authorized insurance company
B. A certified public accountant
C. The Idaho Department of Motor Vehicles
D. The Idaho Department of Insurance - ✔✔D. The Idaho Department of Insurance
✔✔Nancy is 80% the cause of an accident. What proportion of her damages may she
recover from the person who was 20% the cause of the accident?
A. 100%
B. 20%
C. 80%
D. None - ✔✔D. None
✔✔A Third Party Administrator:
A. Must have an appointment
B. Must be bonded
C. May sell insurance
D. Must pass the Idaho licensing exam - ✔✔B. Must be bonded
✔✔The Director of Insurance has the authority to issue orders. Any order must:
A. State its purpose and effective date
B. Be published in a local newspaper for 14 days - ✔✔A. State its purpose and effective
date
✔✔The Idaho Auto Financial Responsibility requirement may be met by posting cash
with the Secretary of State or a bond in the amounts of at least:
,A. $100,000
B. $50,000
C. $70,000
D. $25,000 - ✔✔B. $50,000
✔✔An alien insurer is one domiciled in another:
A. State
B. Country - ✔✔B. Country
✔✔Every auto policy sold in Idaho must contain Uninsured and Underinsured Motorist
coverage unless:
A. The auto is valued at less than $5,000
B. The insured waived the coverage in writing - ✔✔B. The insured waived the coverage
in writing
✔✔A temporary producer license is effective for:
A. 180 days
B. 1 year - ✔✔A. 180 days
✔✔Which of the following is correct regarding the situation where a producer pays a
client's premium?
A. This is legal only if the premium is less than $500
B. This is specifically prohibited by Idaho statute
C. This is legal but the client must grant written permission in advance
D. This is legal only if the Producer collects reasonable interest from the client - ✔✔D.
This is legal only if the Producer collects reasonable interest from the client
✔✔A producer must notify the Director of any change of address within:
A. 10 days
B. 30 days
C. 60 days
D. 90 days - ✔✔B. 30 days
✔✔In Idaho, a motor vehicle liability policy must state each of the following EXCEPT:
A. The policy period
B. The premium and motor vehicles covered
C. The conditions for cancellation of the policy
,D. The coverage and limits of liability provided by the policy - ✔✔C. The conditions for
cancellation of the policy
✔✔A casualty producer may split a commission with a:
A. Casualty producer
B. Health producer
C. Property producer
D. Limited lines producer - ✔✔A. Casualty producer
✔✔The age of majority for purchasing insurance in Idaho is:
A. 15
B. 18
C. 20
D. 21 - ✔✔A. 15
✔✔Which of the following is the amount of Uninsured/Underinsured Motorist coverage
that must be offered in Idaho?
A. $70,000
B. $25,000/$50,000/$15,000
C. $25,000
D. $25,000/$50,000 - ✔✔D. $25,000/$50,000
✔✔Each is a legal form of discrimination in Idaho EXCEPT:
A. genetic traits
B. geographical location
C. smoking
D. age - ✔✔A. genetic traits
✔✔The term of the appointment is:
A. until the license is terminated
B. one year - ✔✔A. until the license is terminated
✔✔A producer's premium receipt must contain each of the following EXCEPT:
A. the producer's office address and phone number
B. the amount received
C. the purpose of the payment
D. the name of the payee - ✔✔A. the producer's office address and phone number
, ✔✔If the Director wants to revoke a producer's license, how much notice must be given
prior to the hearing?
A. 20 days
B. 60 days
C. 90 days
D. 120 days - ✔✔A. 20 days
✔✔A disabled worker must wait how long before disability work comp benefits will be
paid?
A. 3 days
B. 5 days
C. 14 days
D. 30 days - ✔✔B. 5 days
✔✔The Director of Insurance is:
A. appointed by the Governor
B. elected - ✔✔A. appointed by the Governor
✔✔It is legal for an underwriter to discriminate on the basis of which of the following?
A. race
B. smoking
C. religion
D. the fact than an applicant is a victim of abuse - ✔✔B. smoking
✔✔In Idaho, a motor vehicle policy must:
A. state that the policy complies with the requirements of Idaho auto insurance laws
B. provide coverage within the United States and Canada
C. cover the named Insureds using any non-owned motor vehicle within the U.S. and
Canada
D. all of the above - ✔✔D. all of the above
✔✔Cash received from a client must be deposited IN the trust account within:
A. 24 hours if it exceeds $500
B. 3 business days if it exceeds $2,000
C. 48 hours if it exceeds $100
D. 5 business days if it exceeds $1,000 - ✔✔B. 3 business days if it exceeds $2,000
✔✔The Director of Insurance may:
