Property and Casualty NH Solved Papers
- Questions with Complete Solutions
What is the maximum number of roomers or boarders for
properties insured under the dwelling policy? - Correct
Answers ✅5
Which statement regarding insurable risks is NOT correct? -
Correct Answers ✅Insureds cannot be randomly selected.
The transfer of money from inside a banking premises to a
person other than a messenger outside those premises or to
a place outside those premises is covered under which
commercial crime coverage? - Correct Answers
✅Computer fraud
The party to a surety or fidelity bond who promises to fulfill
the obligation is the - Correct Answers ✅Principal.
Assuming the insurer and the insured agree to the amount
payable for a loss covered under a dwelling policy, how soon
after the insurer has received proof of loss must it make
payment? - Correct Answers ✅60 days
If a person is using an auto with the belief that he is entitled
to do so, subrogation rights under a personal auto policy
would apply to all coverages EXCEPT - Correct Answers
✅Physical Damage
, Property and Casualty NH Solved Papers
- Questions with Complete Solutions
Which of the following liability coverages must be added by
endorsement to a homeowners policy in order to apply? -
Correct Answers ✅Personal Injury
An insured has a liability policy that sets the amount for all
claims that arise from a single incident at $50,000. Which
type of limit of liability does this insured's policy have? -
Correct Answers ✅Per occurrence
Several insureds have become liable because of a single loss.
How will the policy's limit of liability be affected? - Correct
Answers ✅No more than the per occurrence limit applies,
no matter how many insureds are involved.
Which of the following policies does NOT contain an
automatic reinstatement provision? - Correct Answers
✅General liability written with an aggregate limit
Which of the following is NOT a P&I exclusion? - Correct
Answers ✅Excess coverage
A premium discount is the term that describes when an
insured owes a total standard premium greater than -
Correct Answers ✅$5,000.
- Questions with Complete Solutions
What is the maximum number of roomers or boarders for
properties insured under the dwelling policy? - Correct
Answers ✅5
Which statement regarding insurable risks is NOT correct? -
Correct Answers ✅Insureds cannot be randomly selected.
The transfer of money from inside a banking premises to a
person other than a messenger outside those premises or to
a place outside those premises is covered under which
commercial crime coverage? - Correct Answers
✅Computer fraud
The party to a surety or fidelity bond who promises to fulfill
the obligation is the - Correct Answers ✅Principal.
Assuming the insurer and the insured agree to the amount
payable for a loss covered under a dwelling policy, how soon
after the insurer has received proof of loss must it make
payment? - Correct Answers ✅60 days
If a person is using an auto with the belief that he is entitled
to do so, subrogation rights under a personal auto policy
would apply to all coverages EXCEPT - Correct Answers
✅Physical Damage
, Property and Casualty NH Solved Papers
- Questions with Complete Solutions
Which of the following liability coverages must be added by
endorsement to a homeowners policy in order to apply? -
Correct Answers ✅Personal Injury
An insured has a liability policy that sets the amount for all
claims that arise from a single incident at $50,000. Which
type of limit of liability does this insured's policy have? -
Correct Answers ✅Per occurrence
Several insureds have become liable because of a single loss.
How will the policy's limit of liability be affected? - Correct
Answers ✅No more than the per occurrence limit applies,
no matter how many insureds are involved.
Which of the following policies does NOT contain an
automatic reinstatement provision? - Correct Answers
✅General liability written with an aggregate limit
Which of the following is NOT a P&I exclusion? - Correct
Answers ✅Excess coverage
A premium discount is the term that describes when an
insured owes a total standard premium greater than -
Correct Answers ✅$5,000.
