Oklahoma property and casualty practice exam

In an auto ownrs plicy of liab.,the nmes insurd &insrr may agree to exclde as insred any dsgnatd prson/prsns thrgh what

W/in the body of an insurance policy, what word or phrase refers specifically to the named insured?

Carol has gotten two DWIs. Insurers refuse to issue a PAP to cover her husband Perry’s car unless he buys a policy with

Evry motor vehcle liab.policy must include a prvsion stting tht a judgmnts stsfction by insured for injury or damage

If an ins.Applicant completes an approved auto or moto accident prevent.Course,he/she is entitled to which of following?

Shirley is buying a new home. She wants to protect during construction. What should she do?

Federal legislation which protect privacy of info.relevant to ins. Transaction include all of the following EXCEPT:

Loss costs, a key component of property and casualty insurance rates, reflect the insurer’s:

The Ok commissioner of Insurance can impose all of the following penalties if a producer violates the ins.laws EXCEPT:

Which of the following items constitutes personal property?

Arturos business was burglarized. Which of the following is NOT a duty that is required of Aurelio by his ins. policy?

If an applicant completes an approved auto or moto accident prevent.course,his/her premiums are reduced for how long?

The purpose of uninsured motorists coverage is to

Kirby,lee,Ana,&chelsea work for ABC ins. In OK. Which of them is not required to be licensed as a producer?

What coverage automatically included in DP 2&DP 3 policies is NOT also provided by the DP 1 basic form policy?

Robbie’s insurance covered losses caused by hail. In this situation, hail is a(n):

Brandi rents her home to a tenant who furnishes it it. Brandi’s DP is most likely to have Coverage A-dwelling and:

Susanna’s DP 1 policy covers losses from vandalism if:

What type of MVL policy insres named insured agnst loss liab arising out of his/her auto use that is ownd by som1 else?

Socorro earns $100 per week by giving piano lessons at home. According to Socorro’s HO ins.policy,giving pianos lessons:

Which entity protects OK plcyowners &claimants if an insurer cannot perform its contractual obligations bc of insolvency

If an ins.carrier & the insured agree to cancel a MVL policy after damage has occurred, the policy’s liability is

Which of the following correctly identifies three elements that must be present to create an enforceable contract?

In a standard insurance sales transaction involving applicant,producer,and ins.company,which party is the offeror?

Which of the following best explains why war is generally excluded from coverage in most insurance policies

Bc the Bender ins.company insures a large number of similar convenience stores against fire:

The property and casualty underwriting process generally involves all of the following steps EXCEPT:

Alex sold ins.policy before his license lapsed &earned a commission.Which is true regarding his comiss if policy renewd?

I’m insurance terms, the basic state of being subject to a possible loss is called:

Bc Leanne’s PAP provides liability coverage on temporary substitute autos, it will protect her if she is driving:

Which on of the following incidents is an example of vicarious liability?

Why does Cesar’s HO insurance policy NOT provide liability coverage on his 30-foot sailboat moored at a local marina?

Lanny doesn’t own a airplane but has exclusions that apply to aircraft. What is the purpose of these exclusions?

Alex wants the broadest HO ins.policy. Which HO policy will he most likely choose?