IDAHO PROPERTY AND CASUALTY
UPDATED FINAL EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔An Idaho producer wants to borrow money from a client. This is lawful:
A. only if the lender is engaged in the business of loaning money or is an immediate
family member
B. only if the Director of Insurance has reviewed the transaction and given approval
C. under no circumstances
D. if the producer has a written loan agreement signed by both parties - ✔✔D. if the
producer has a written loan agreement signed by both parties
✔✔A property producer in Idaho must obtain how many hours of continuing education
training prior to selling federal flood insurance?
A. 1 hour
B. 2 hours
C. 3 hours
D. 4 hours - ✔✔C. 3 hours
✔✔Inland Marine Insurance may cover each of the following EXCEPT:
A. aircraft
B. wharves
C. warehouses
D. piers - ✔✔C. warehouses
✔✔A person must wait how long to reapply for a license after it has been revoked?
A. 1 year
B. 6 months - ✔✔A. 1 year
,✔✔The Director of Insurance may:
A. be a policyholder
B. seize commissions
C. regulate insurance company profits
D. start an insurance company - ✔✔A. be a policyholder
✔✔An auto insurer is not required to provide a reason for cancellation if the policy has
been in effect less than:
A. 60 days
B. 90 days
C. 120 days
D. 180 days - ✔✔A. 60 days
✔✔A premium trust account must have:
A. a separate account number
B.. the signature of the Director of Insurance on each that exceeds $1,000
C. the name of each client identified on the checking account
D. the signature of both the producer and the client on each check - ✔✔A. a separate
account number
✔✔If a producer voluntarily allows a license to lapse, the producer will not have to
retake the examination if the producer requests reinstatement within:
A. 12 months
B. 18 months
C. 24 months
D. 36 months - ✔✔A. 12 months
✔✔A producer must notify the Director of any fraudulent claim within:
A. 10 hours
B. 20 days
C. 24 days
D. 60 days - ✔✔D. 60 days
✔✔A producer's license may be revoked by the:
A. insurer
B. Director of Insurance - ✔✔B. Director of Insurance
,✔✔Which of the following must hold an appointment in Idaho?
A. a third party administrator
B. a public adjuster
C. a surplus lines broker
D. a major lines producer - ✔✔D. a major lines producer
✔✔A Third Party Administrator (TPA) must have a Certificate of:
A. authorization
B. registration
C. administration
D. appointment - ✔✔B. registration
✔✔Fire policies become effective at what time on the date specified?
A. 12:01 a.m.
B. 5:00 p.m.
C. 12:00 p.m.
D. 8:00 a.m. - ✔✔A. 12:01 a.m.
✔✔An insurance company may deny coverage based on a credit report if the report
was:
A. only partly a reason for denial
B. the primary reason for denial - ✔✔A. only partly a reason for denial
✔✔Each of the following must have an appointment EXCEPT:
A. temporary producers
B. surety producers
C. surplus lines brokers
D. limited lines producers - ✔✔C. surplus lines brokers
✔✔The Idaho Assigned Risk plan is designed to provide auto coverage to:
A. persons below the federal government's poverty guidelines
B. bad drivers
C. government entities
D. elderly drivers - ✔✔B. bad drivers
✔✔The amount of the burial benefit under Idaho work comp laws is?
A. $3,000
, B. $6,000
C. $10,000
D. $12,500 - ✔✔B. $6,000
✔✔If a worker is killed by a work related accident, work comp will pay benefits to the
survivor for:
A. 50 weeks
B. 2 years
C. 1,000 weeks
D. 500 weeks - ✔✔D. 500 weeks
✔✔Idaho requires worker compensation insurance if an employer has:
A. 1 worker
B. more than 3 workers only
C. more than 10 workers only
D. more than 5 workers only - ✔✔A. 1 worker
✔✔Work comp coverage is required for:
A. real estate agents
B. volunteer ski patrol members
C. volunteer workers
D. retail store employees - ✔✔D. retail store employees
✔✔The Guaranty Fund protects which of the following policyholders?
A. ocean marine
B. title insurance
C. auto insurance
D. surplus lines insurance - ✔✔C. auto insurance
✔✔Under Idaho statutes and Director regulations, an Insurer cannot rely primarily on a
credit report in its underwriting. This restriction applies to:
A. auto insurance only
B. life insurance only
C. property and casualty insurance only
D. health insurance only - ✔✔C. property and casualty insurance only
✔✔Each of the following must pass the Idaho insurance licensing exam EXA. limited
lines producers
B. property producers
C. casualty producers
UPDATED FINAL EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔An Idaho producer wants to borrow money from a client. This is lawful:
A. only if the lender is engaged in the business of loaning money or is an immediate
family member
B. only if the Director of Insurance has reviewed the transaction and given approval
C. under no circumstances
D. if the producer has a written loan agreement signed by both parties - ✔✔D. if the
producer has a written loan agreement signed by both parties
✔✔A property producer in Idaho must obtain how many hours of continuing education
training prior to selling federal flood insurance?
A. 1 hour
B. 2 hours
C. 3 hours
D. 4 hours - ✔✔C. 3 hours
✔✔Inland Marine Insurance may cover each of the following EXCEPT:
A. aircraft
B. wharves
C. warehouses
D. piers - ✔✔C. warehouses
✔✔A person must wait how long to reapply for a license after it has been revoked?
A. 1 year
B. 6 months - ✔✔A. 1 year
,✔✔The Director of Insurance may:
A. be a policyholder
B. seize commissions
C. regulate insurance company profits
D. start an insurance company - ✔✔A. be a policyholder
✔✔An auto insurer is not required to provide a reason for cancellation if the policy has
been in effect less than:
A. 60 days
B. 90 days
C. 120 days
D. 180 days - ✔✔A. 60 days
✔✔A premium trust account must have:
A. a separate account number
B.. the signature of the Director of Insurance on each that exceeds $1,000
C. the name of each client identified on the checking account
D. the signature of both the producer and the client on each check - ✔✔A. a separate
account number
✔✔If a producer voluntarily allows a license to lapse, the producer will not have to
retake the examination if the producer requests reinstatement within:
A. 12 months
B. 18 months
C. 24 months
D. 36 months - ✔✔A. 12 months
✔✔A producer must notify the Director of any fraudulent claim within:
A. 10 hours
B. 20 days
C. 24 days
D. 60 days - ✔✔D. 60 days
✔✔A producer's license may be revoked by the:
A. insurer
B. Director of Insurance - ✔✔B. Director of Insurance
,✔✔Which of the following must hold an appointment in Idaho?
A. a third party administrator
B. a public adjuster
C. a surplus lines broker
D. a major lines producer - ✔✔D. a major lines producer
✔✔A Third Party Administrator (TPA) must have a Certificate of:
A. authorization
B. registration
C. administration
D. appointment - ✔✔B. registration
✔✔Fire policies become effective at what time on the date specified?
A. 12:01 a.m.
B. 5:00 p.m.
C. 12:00 p.m.
D. 8:00 a.m. - ✔✔A. 12:01 a.m.
✔✔An insurance company may deny coverage based on a credit report if the report
was:
A. only partly a reason for denial
B. the primary reason for denial - ✔✔A. only partly a reason for denial
✔✔Each of the following must have an appointment EXCEPT:
A. temporary producers
B. surety producers
C. surplus lines brokers
D. limited lines producers - ✔✔C. surplus lines brokers
✔✔The Idaho Assigned Risk plan is designed to provide auto coverage to:
A. persons below the federal government's poverty guidelines
B. bad drivers
C. government entities
D. elderly drivers - ✔✔B. bad drivers
✔✔The amount of the burial benefit under Idaho work comp laws is?
A. $3,000
, B. $6,000
C. $10,000
D. $12,500 - ✔✔B. $6,000
✔✔If a worker is killed by a work related accident, work comp will pay benefits to the
survivor for:
A. 50 weeks
B. 2 years
C. 1,000 weeks
D. 500 weeks - ✔✔D. 500 weeks
✔✔Idaho requires worker compensation insurance if an employer has:
A. 1 worker
B. more than 3 workers only
C. more than 10 workers only
D. more than 5 workers only - ✔✔A. 1 worker
✔✔Work comp coverage is required for:
A. real estate agents
B. volunteer ski patrol members
C. volunteer workers
D. retail store employees - ✔✔D. retail store employees
✔✔The Guaranty Fund protects which of the following policyholders?
A. ocean marine
B. title insurance
C. auto insurance
D. surplus lines insurance - ✔✔C. auto insurance
✔✔Under Idaho statutes and Director regulations, an Insurer cannot rely primarily on a
credit report in its underwriting. This restriction applies to:
A. auto insurance only
B. life insurance only
C. property and casualty insurance only
D. health insurance only - ✔✔C. property and casualty insurance only
✔✔Each of the following must pass the Idaho insurance licensing exam EXA. limited
lines producers
B. property producers
C. casualty producers
