Xcel Solutions Property &
Casualty
1. An earned premium resulting from the cancellation of a
policy is calculated on:: On a pro rata basis, based on the
previous year's rate
2. M owns a parking garage & has coverage that states: "We
will cover losses regardless if you are legally liable for the
loss." This no-fault ideology will be found under:: Excess Direct
Coverage
3. An insurance company writing business in a state other
than the one in which it is domiciled is called:: a Foreign
4. Y is running a home daycare out of their home & has just
earned $50,000 in her first year of business. Under an HO
policy, Y's daycare is defined as:: Not a business
5. Underwriting guards against: Adverse Selection
6. A licensee whose name or address changes must notify
the Dept of Insur- ance within days:: 30 Days
7. Assumption of risk:: States that a party will not collect
damages because they should have known what they were doing
was risky
,8. Under a DP-2 Broad form, which of the following is not a
Broad peril?: Van- dalism
9. Which of the following incidents would not be excluded
under a DP-3 policy?: Burglary of a property that was vacant for
30 consecutive days
10. Which of the following are losses excluded under
Coverage F?: An individ- ual who is eligible to receive disability
insurance
11. Which of the following will not provide a premium
discount from standard market workers comp insurance?:
Assigned Risk Plan
12. The face amount of a Surety bond is called the:: Penalty
13. M has opened up his business, Tractors & Semis Sales,
LLC. His stock
will be covered while it is being transported, if he:: Adds the
equipment dealers floater
14. All of the following are correct about the Commercial
Endorsement regard- ing Spoilage EXCEPT:: Coverage
extends to stock off premises
15. What is a certificate of authority?: The license required for
an insurer to conduct business in the state
16. A licensed producer who lives in another state & transacts
insurance in AZ
, is called:: A Non-Resident Producer
17. Any of the following may be an unfair claims settlement
practice EXCEPT:-
: Refusing to pay persons bringing false or fraudulent claims
18. What is the best description of an applicant to the AZ
auto insurance plan?: An applicant in good-faith entitled to
coverage but unable to obtain coverage through ordinary methods
Casualty
1. An earned premium resulting from the cancellation of a
policy is calculated on:: On a pro rata basis, based on the
previous year's rate
2. M owns a parking garage & has coverage that states: "We
will cover losses regardless if you are legally liable for the
loss." This no-fault ideology will be found under:: Excess Direct
Coverage
3. An insurance company writing business in a state other
than the one in which it is domiciled is called:: a Foreign
4. Y is running a home daycare out of their home & has just
earned $50,000 in her first year of business. Under an HO
policy, Y's daycare is defined as:: Not a business
5. Underwriting guards against: Adverse Selection
6. A licensee whose name or address changes must notify
the Dept of Insur- ance within days:: 30 Days
7. Assumption of risk:: States that a party will not collect
damages because they should have known what they were doing
was risky
,8. Under a DP-2 Broad form, which of the following is not a
Broad peril?: Van- dalism
9. Which of the following incidents would not be excluded
under a DP-3 policy?: Burglary of a property that was vacant for
30 consecutive days
10. Which of the following are losses excluded under
Coverage F?: An individ- ual who is eligible to receive disability
insurance
11. Which of the following will not provide a premium
discount from standard market workers comp insurance?:
Assigned Risk Plan
12. The face amount of a Surety bond is called the:: Penalty
13. M has opened up his business, Tractors & Semis Sales,
LLC. His stock
will be covered while it is being transported, if he:: Adds the
equipment dealers floater
14. All of the following are correct about the Commercial
Endorsement regard- ing Spoilage EXCEPT:: Coverage
extends to stock off premises
15. What is a certificate of authority?: The license required for
an insurer to conduct business in the state
16. A licensed producer who lives in another state & transacts
insurance in AZ
, is called:: A Non-Resident Producer
17. Any of the following may be an unfair claims settlement
practice EXCEPT:-
: Refusing to pay persons bringing false or fraudulent claims
18. What is the best description of an applicant to the AZ
auto insurance plan?: An applicant in good-faith entitled to
coverage but unable to obtain coverage through ordinary methods
