P&C Big

Which of the following created the national flood insurance program?

Which of the following presents a basis for holding an insured responsible due to vicarious liability?

What triggers coverage under the business income form with extra expense coverage?

What is the difference between misrepresentation and fraud?

Which of the following best defines a personal insurance contract?

The purpose of the homeowner's policy is to provide

With regard to property insurance, consideration is the

Which policy provision provides that an insured can take possession of damaged property?

Which of the following is eligible for a dwelling property policy?

Which valuation method is used to by the insurer and insured ro specify value of a property before the policy is issued?

The commercial auto liability coverage covers bodily injury for an accident that occurs

Who is covered for medical reimbursement for injuries under med pay of a commercial general liability policy

To be eligible to receive workers' compensation benefits, an employee must

Coverage F-Medical Payments to Others includes coverage for

All of the following are true regarding torts EXCEPT

Which method of risk management is used an insured elects to self insure?

Property coverage that does not require a specific limit of insurance for each item to be insured is called

Which of the following is TRUE for stated value?

Under a CPP, the insurer has the right to make inspection and surveys at any time, what is the purpose of these?

Which of the following forms trigger coverage for a loss under the CGL if a loss happens during the policy period?

All of the following are found on a declarations page EXCEPT

Which of the following is the party who agrees to be responsible for loss in the case of a bond?

Which of the following autos is covered when the insured selects Symbol 7 on the declarations page?

All of the following demostrate insurable interest EXCEPT

All of the following specify limits of insurance for the commercial general liability EXCEPT

What does an application for insurance contractually represent for the insured?

For nonpayment the insurer can cancel coverage but not go to court because insurance contracts are what type?

All of the following are examples of direct loss EXCEPT

What characterizes a policy requiring a deductible for a loss?

The claims-made liability form provides coverage from a date the precedes the effective date. What is that?

Coinsurance requires the insured carry a minimum amount of insurance. The requirement is what percentage?

What type of insurer is an unincorporated group of people agreeing to insure each other's losses under a contract?

All of the following are correct about excess lines carriers EXCEPT

The insured purchases a car worth $40,000, four years later it is worth $24,000 when it was totaled. What is the payout?

What does an application for insurance contractually represent for the insured?

Who may bring a civil action against any person engaging in conduct constituting an offense under Section 1033?

When does coverage begin for a builder's risk form?

Property valuation paying the amount listed on the declarations, regardless of the ACV is

What type of authority holds that a producer may have whatever authority reasonable person would assume a producer has?

Under a commercial property policy, which endorsement is used to provide coverage on actual inventory values?

The property coverage of a BOP includes which of the following?

What is the purpose of the causes of loss form that lists specific exclusions?

All of the following are considered to be incompetent to enter a contract EXCEPT

An insured has a CAP with DOC for named individuals endorsement. Which of the following would be covered as named?

Which of the following types of property are NOT covered on the building and personal property coverage form?

Some insureds pay premium and never have a loss while others have catastropic losses. Insurance contacts are

Which method of risk handling represents an insured's attempt to refrain from risk?

When the insured's child spills red juice on the carpet of the auto, which of the following coverages will apply?

A woman slips on icy steps and breaks her leg. What is the peril in this situation?

A personal injury endorsment added to a homeowners policy provides coverage for liability caused by the insured

A single earthquake constitutes all shocks that occur within which time period?

Workers' compensation coverage is rated on the basis of

All of the following typers of construction are subject to fuctional replacement cost basis EXCEPT

One of the criteria to determine an insurable risk is

All of the following are examples of insurable interest EXCEPT

Misrepresentation may void an insurance policy only under which of the following circumstances?

Which homeowners form is the most appropriate for older homes with replacement values that may far exceed their market

The claims-made form provides coverage from a date that precedes the policy effective date. What is that date?

A contract that is against public policy is NOT enforceable according to which contract characteristic?

All of the following are supplementary payments under the PAP EXCEPT

Which of the following explains market value in determining loss valuation?

The homeowners policy provides only limited coverage for watercraft. It is subject to a special limit of what amount?

All of the following types of personal property are covered under Coverage C EXCEPT

All of the following are used to establish negligence EXCEPT

What is the purpose of a commercial package policy?

All of the following are correct for towin and labor costs on the personal auto policy EXCEPT

What type of insurance do insurers use to transfer risk among themselves?

All of the following risks are more likely to be insured by the state or federal goverment programs EXCEPT

Under a commercial general liability policy, what is an easement agreement for the use of shared property?

What type of insurer is owned by its policyholders?

If a covered loss occurs, the insured and insurer have deadlines on providing information because contracts are

All of the following are listed in the duties of the insured following a loss EXCEPT

Punitive damages are intended to do all the following EXCEPT

What forms the basis of a loss under an insurance policy?

Which of the following is the special limit of coverage on homeowners policy for property damage to a watercraft?

Which of the following homeowners form provides the most comprehensive coverage?

In an insurance policy, where are the terms and phrases clearly describing the extent of coverage located?

Which situation is an example of vicarious liability?

Federal crop insurance is a type of insurance sometimes called

Which of the following does a binder of coverage guarantee?

Which of the following hazards is a example of physical hazard?

When the courts resolve any ambiguity in policy wording in favor of the insured, it is because of the

A morale hazard is considered

Property coverage that does not require a specific limit of insurance for each item to be insured is called

How does the business owners policy (BOP) differ from the commercial package policy (CPP)?

Which of the follwoing is correct for amounts paid as supplementary payments in PAP Part A- Liability?

Which word describes an insurer incorporated outside of the state in which it is doing business?

Which of the following gives a mortgagee rights at the time of loss?

Which is an example of risk reduction?

All of the following describe a nonowned auto under the commerical auto policy Symbol 9 EXCEPT

What means to return the policyholder to the approximate financial condition before the loss?

All of the following are considered special damages EXCEPT

What does homeowners Coverage B- Other Structures cover?

All of the following sell insurance in the residual market EXCEPT

All of the following are covered for named perils under Coverage B EXCEPT

Which liability insurance policy provides coverage to the ABC company in a suit brought by a fired employee

Which of the following is considered a hired auto under commercial auto policy Symbol 8?

What type of insurance is used when a business sets aside reserve funds to cover losses in advance?

Which of the following are NOT covered under homeowners special for (HO-3)?

Which of the following describes market value?