PSI Online Examination/ (75 Question & Correct
Answers/ Practice Test Based on The NY Insurance
Property and Casualty Clauses)
When an employer sends employees out of state on work related business, which
of the following must he do to ensure the appropriate workers' compensation
coverage?
a. purchase a separate policy for the state in question
b. list the names of the employees sent out of state
c. list the state on the information page for other states' coverage
d. report the work to the insurance company as soon as it is completed - Answer:
c. list the state on the information page for other states' coverage
Which homeowner form covers fixtures, installations, and improvements made or
acquired at the insured's expense?
a. HO-6
Page 1 of 22
,b. HO-4
c. HO-3
d. HO-2 - Answer: b. HO-4
Which of the following would be covered by a commercial package policy?
a. small to medium sized businesses
b. ocean marine
c. loss due to crime
d. injury to worker on the job - Answer: c. loss due to crime
Which of the following are defined as a part of the policy and can void the policy if
they are breached, whether the breach was intentional or unintentional?
a. material facts
b. representations
c. waivers
d. warranties - Answer: d. warranties
When does the coverage begin for a builders risk form?
a. the date the policy premium is paid
b. on the date any construction begins
c. on the date construction starts above the highest basement floor if there is a
basement
d. on the date construction starts above the lowest basement floor if there is a
basement - Answer: d. on the date construction starts above the lowest basement
floor if there is a basement
Page 2 of 22
, The following are all types of disability categories under workers' compensation
insurance except?
a. temporary permanent
b. permanent total
c. permanent partial
d. temporary total - Answer: a. temporary permanent
An insured has transportation expenses coverage under part D of the personal
auto policy when involved in a collision. Coverage provides which of the
following?
a. immediate coverage for total theft of the covered auto
b. towing for the covered vehicle from the crash site
c. rental reimbursement until a new auto is purchased
d. rental reimbursement until claim is settled by insurance - Answer: d. rental
reimbursement until claim is settled by insurance
Homeowner form HO-2 provides coverage for loss of appliances, carpeting, and
other household furnishings for a maximum of how much?
a. $1,000
b. $2,500
c. $3,000
d. $5,000 - Answer: b. $2,500
Which part of the commercial general liability designates who is an insured?
Page 3 of 22
Answers/ Practice Test Based on The NY Insurance
Property and Casualty Clauses)
When an employer sends employees out of state on work related business, which
of the following must he do to ensure the appropriate workers' compensation
coverage?
a. purchase a separate policy for the state in question
b. list the names of the employees sent out of state
c. list the state on the information page for other states' coverage
d. report the work to the insurance company as soon as it is completed - Answer:
c. list the state on the information page for other states' coverage
Which homeowner form covers fixtures, installations, and improvements made or
acquired at the insured's expense?
a. HO-6
Page 1 of 22
,b. HO-4
c. HO-3
d. HO-2 - Answer: b. HO-4
Which of the following would be covered by a commercial package policy?
a. small to medium sized businesses
b. ocean marine
c. loss due to crime
d. injury to worker on the job - Answer: c. loss due to crime
Which of the following are defined as a part of the policy and can void the policy if
they are breached, whether the breach was intentional or unintentional?
a. material facts
b. representations
c. waivers
d. warranties - Answer: d. warranties
When does the coverage begin for a builders risk form?
a. the date the policy premium is paid
b. on the date any construction begins
c. on the date construction starts above the highest basement floor if there is a
basement
d. on the date construction starts above the lowest basement floor if there is a
basement - Answer: d. on the date construction starts above the lowest basement
floor if there is a basement
Page 2 of 22
, The following are all types of disability categories under workers' compensation
insurance except?
a. temporary permanent
b. permanent total
c. permanent partial
d. temporary total - Answer: a. temporary permanent
An insured has transportation expenses coverage under part D of the personal
auto policy when involved in a collision. Coverage provides which of the
following?
a. immediate coverage for total theft of the covered auto
b. towing for the covered vehicle from the crash site
c. rental reimbursement until a new auto is purchased
d. rental reimbursement until claim is settled by insurance - Answer: d. rental
reimbursement until claim is settled by insurance
Homeowner form HO-2 provides coverage for loss of appliances, carpeting, and
other household furnishings for a maximum of how much?
a. $1,000
b. $2,500
c. $3,000
d. $5,000 - Answer: b. $2,500
Which part of the commercial general liability designates who is an insured?
Page 3 of 22
