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AD Banker Property and casualty exam
louisiana Questions with Detailed Verified
Answers
Under aleatory contracts, the exchange of values is:
⼀Answer:⼀ unequal
B is traveling to Europe for a month's vacation. Which of the
following coverages might her agent recommend to cover personal
items?
⼀Answer:⼀ Personal effects floater
Under a Personal Auto policy, all of the following are correct about
medical payments coverage, except:
⼀Answer:⼀ The policy limit is applied on a per occurrence basis, not
per person
A person wishing to insure a single shipment would be best
served by which form?
⼀Answer:⼀ Trip Transit Form
All of the following are true of Section II of the Businessowners
Coverage Form, except:
⼀Answer:⼀ Business liability coverage applies to damage to an
insured's property or work
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Of the Dwelling policy forms, which one does not cover a loss
caused by accidental discharge of water from a refrigerator located
in a covered dwelling?
⼀Answer:⼀ Basic Form (DP-1)
Which of the following would not be eligible to purchase a
Homeowners policy?
⼀Answer:⼀ A person who owns and lives on a farm
Which of the following vehicles is not considered an uninsured
vehicle?
⼀Answer:⼀ A vehicle owned by the government
Which of the following describes the loss settlement basis for a fire
damage claim to a dwelling insured under a DP-3 policy?
⼀Answer:⼀ Replacement cost up to the Coverage A limit
A mandatory deductible of what amount applies to certain
completed operations claims under Section II of the Garage
Coverage Form?
⼀Answer:⼀ $100
Which of the following would be not covered by a Business Auto
Policy?
⼀Answer:⼀ An employee is injured while driving a covered auto
Which of the following is not true of the Yacht Policy?
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⼀Answer:⼀ It provides coverage regardless of its territory
Choose the false statement regarding commercial auto coverage.
⼀Answer:⼀ Section II of the Garage Coverage Form - does not
provide completed operations coverage
Which section of the Garage Coverage Form provides physical
damage coverage for the insured's covered autos?
⼀Answer:⼀ Section IV
Employees typically exempted from Workers' Compensation laws
include all of the following, except:
⼀Answer:⼀ Part-time employees
Which of the following expenses would not be reimbursed under
the Workers' Compensation policy?
⼀Answer:⼀ Loss of insured's earnings because the insurer requested
the insured come to court
Which of the following perils is insured against by a commercial
property policy using the Causes of Loss - Basic Form?
⼀Answer:⼀ Windstorm
Which of the following commercial crime insuring agreements
provides coverage if a company accountant steals money by
signing a businessowner's name on a $1,000 check?
⼀Answer:⼀ Forgery or Alteration
AD Banker Property and casualty exam
louisiana Questions with Detailed Verified
Answers
Under aleatory contracts, the exchange of values is:
⼀Answer:⼀ unequal
B is traveling to Europe for a month's vacation. Which of the
following coverages might her agent recommend to cover personal
items?
⼀Answer:⼀ Personal effects floater
Under a Personal Auto policy, all of the following are correct about
medical payments coverage, except:
⼀Answer:⼀ The policy limit is applied on a per occurrence basis, not
per person
A person wishing to insure a single shipment would be best
served by which form?
⼀Answer:⼀ Trip Transit Form
All of the following are true of Section II of the Businessowners
Coverage Form, except:
⼀Answer:⼀ Business liability coverage applies to damage to an
insured's property or work
, Page | 2
Of the Dwelling policy forms, which one does not cover a loss
caused by accidental discharge of water from a refrigerator located
in a covered dwelling?
⼀Answer:⼀ Basic Form (DP-1)
Which of the following would not be eligible to purchase a
Homeowners policy?
⼀Answer:⼀ A person who owns and lives on a farm
Which of the following vehicles is not considered an uninsured
vehicle?
⼀Answer:⼀ A vehicle owned by the government
Which of the following describes the loss settlement basis for a fire
damage claim to a dwelling insured under a DP-3 policy?
⼀Answer:⼀ Replacement cost up to the Coverage A limit
A mandatory deductible of what amount applies to certain
completed operations claims under Section II of the Garage
Coverage Form?
⼀Answer:⼀ $100
Which of the following would be not covered by a Business Auto
Policy?
⼀Answer:⼀ An employee is injured while driving a covered auto
Which of the following is not true of the Yacht Policy?
, Page | 3
⼀Answer:⼀ It provides coverage regardless of its territory
Choose the false statement regarding commercial auto coverage.
⼀Answer:⼀ Section II of the Garage Coverage Form - does not
provide completed operations coverage
Which section of the Garage Coverage Form provides physical
damage coverage for the insured's covered autos?
⼀Answer:⼀ Section IV
Employees typically exempted from Workers' Compensation laws
include all of the following, except:
⼀Answer:⼀ Part-time employees
Which of the following expenses would not be reimbursed under
the Workers' Compensation policy?
⼀Answer:⼀ Loss of insured's earnings because the insurer requested
the insured come to court
Which of the following perils is insured against by a commercial
property policy using the Causes of Loss - Basic Form?
⼀Answer:⼀ Windstorm
Which of the following commercial crime insuring agreements
provides coverage if a company accountant steals money by
signing a businessowner's name on a $1,000 check?
⼀Answer:⼀ Forgery or Alteration
