Exam FX part 3, VA Property & Casualty Insurance Exam| 258 Questions| With Complete Solutions

An endorsement is available for hired and nonowned auto on BOP liability... A. Only if the insured does not have commercial auto coverage B. In addition to commercial auto coverage C. Only if the insured has 4 or more employees D. Never correct answer: A The Mail Coverage Form is always written on a reporting form basis; after the end of each reporting period shown in the declarations, reports are due within... A. 45 days B. 15 days C. 30 days D. 31 days correct answer: C The inland marine coverage form for outdoor signs provides "open peril" coverage and excludes coverage for breakage only during... A. Transportation B. Repairing C. Installation or dismantling D. All of the above correct answer: D Which of the following is covered under the Mail floater of a Commercial Inland Marine policy ONLY if is sent by registered mail? A. Currency and unsold travelers checks B. Postage and revenue stamps C. Money orders, checks, drafts, notes D. Bonds, stocks, stock certificates, coupon attached bonds correct answer: A Which of the following other coverages is NOT included in the basic form dwelling policy? A. Breakage of glass B. Removal coverage C. Personal property temporarily away from the insured premises D. Tenant's improvements, alterations, and additions correct answer: A Under the conditions of a Film Coverage Form, how long must the insured maintain records of each production? A. 3 years after the policy expires B. 5 years after the policy expires C. 7 years after production completion D. 1 year after production completion correct answer: A