Georgia Insurance Exam Actual Exam 2025 |
Complete Questions and Correct Answers | Verified
Answers | Just Released
In a participation plan, the insured may be eligible for which of the following?
Guaranteed dividends
A partial premium refund
An increase in insurance over time
Lower premiums - (ANSWER)A partial premium refund
The policy conditions define.
.
How parties to the contract must act following a loss.
The basic underwriting information.
The excluded perils.
The amount of coverage. - (ANSWER)How parties to the contract must act
following a loss.
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?
Split
,Per occurrence
Per person
Aggregate - (ANSWER)Per occurrence
Which of the following would be covered under personal injury liability?
Slander
A broken arm
A concussion
Death - (ANSWER)Slander
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
Claims-made form.
Bodily injury/property damage form.
Occurrence form.
Premises coverage. - (ANSWER)Claims-made form.
Duties of the insurer found in property policy conditions include all of the
following EXCEPT
, Notify the insured in the event of financial difficulty.
Pay covered losses.
Provide advance notice of cancellation.
Return any premiums to the insured. - (ANSWER)Notify the insured in the event
of financial difficulty.
The members of a limited liability company are insureds under a businessowners
policy (BOP) if
A single individual member of the limited liability company is listed as the named
insured.
Members of a limited liability company cannot be insureds under a BOP.
The limited liability company is designated as the named insured.
Each individual is listed as a named insured on the policy. - (ANSWER)The limited
liability company is designated as the named insured.
When the amount of insurance written in a property policy is not subject to any
coinsurance provision and that amount is paid in the event of a covered loss, the
coverage is said to be written as
Specific insurance.
Stated amount.
Replacement cost.
Actual cash value. - (ANSWER)Stated amount.
Complete Questions and Correct Answers | Verified
Answers | Just Released
In a participation plan, the insured may be eligible for which of the following?
Guaranteed dividends
A partial premium refund
An increase in insurance over time
Lower premiums - (ANSWER)A partial premium refund
The policy conditions define.
.
How parties to the contract must act following a loss.
The basic underwriting information.
The excluded perils.
The amount of coverage. - (ANSWER)How parties to the contract must act
following a loss.
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?
Split
,Per occurrence
Per person
Aggregate - (ANSWER)Per occurrence
Which of the following would be covered under personal injury liability?
Slander
A broken arm
A concussion
Death - (ANSWER)Slander
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
Claims-made form.
Bodily injury/property damage form.
Occurrence form.
Premises coverage. - (ANSWER)Claims-made form.
Duties of the insurer found in property policy conditions include all of the
following EXCEPT
, Notify the insured in the event of financial difficulty.
Pay covered losses.
Provide advance notice of cancellation.
Return any premiums to the insured. - (ANSWER)Notify the insured in the event
of financial difficulty.
The members of a limited liability company are insureds under a businessowners
policy (BOP) if
A single individual member of the limited liability company is listed as the named
insured.
Members of a limited liability company cannot be insureds under a BOP.
The limited liability company is designated as the named insured.
Each individual is listed as a named insured on the policy. - (ANSWER)The limited
liability company is designated as the named insured.
When the amount of insurance written in a property policy is not subject to any
coinsurance provision and that amount is paid in the event of a covered loss, the
coverage is said to be written as
Specific insurance.
Stated amount.
Replacement cost.
Actual cash value. - (ANSWER)Stated amount.
