Exam Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers

To be considered an insurable risk, a loss may NOT be - catastrophic Which of the following persons would be required to hold a producer license? - a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - the difference in the actual cash value as a pair and as a single Which of the following additional perils is covered under both of the Basic and Broad forms in dwelling policies? - internal explosion When would a misrepresentation on the insurance application be considered fraud? - If it is intentional and material A bond is written for a set limit, and the surety will be liable only for this amount. This limit is known as the - penalty