Study guides, Class notes & Summaries

Pearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% Pass An insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy expiration date C. Giving written notice to the insurance company D. Informing the producer by telephone - Correct Answer ️️ -C In insurance, which of the following terms refers to continuous or repeated exposure to conditions that may resul...

Pearson Vue Property Insurance Practice Test 100% Correct Solved 1. Which of the following perils is covered under the Commercial Property Basic Cause of Loss form? 1. A. Collapse 2. B. Sinkhole collapse 3. C. Falling objects 4. D. Breakage of glass - Correct Answer ️️ -Answer: B Sinkhole Collapse The National Flood Insurance Program provides coverage for losses caused by all of the following occurrences EXCEPT: A. mudslides B. runoff from heavy rain C. overflow of tidal water...

Pearson Vue Insurance Practice Exam Questions and Answers 100% Pass Under the social security retirement benefits, all of the following factors will influence how much a retiring individual will receive as a monthly income benefit except the individual's - Correct Answer ️️ -Sex In life insurance, insurance interest must exist at the time the - Correct Answer ️️ - Producer writes an application on a proposed insured Which of the following statements is NOT correct about represent...

Pearson VUE: Property Insurance Practice Exam Questions and Answers 100% Pass S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 - Correct Answer ️️ -C The MAXIMUM amount ...

Pearson Vue Life Insurance Practice Exam Questions and Answers 100% Pass P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - Correct Answer ️️ -B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contr...

Pearson Vue Comprehensive Exam Part 1 Questions and Answers 100% Pass Admitted life insurance must pay interest, at a rate specified by life, on death benefits from the date of the insured's death, through how many days following the date the insurer receives the claim? a. 15 days b. 20 days c. 30 days d. 31 days - Correct Answer ️️ -c. 30 days The policy loan amount cannot exceed the __________________. a. The cumulative premiums paid b. The loan balance c. Available cash surre...

Property and Casualty Insurance Test Question Notes with 100% Correct Answers What is a peril? - Correct Answer ️️ -A Peril is a cause of loss What is a hazard? - Correct Answer ️️ -Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Correct Answer ️️ -Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Correct Answer ️️ - Re...

Property and casualty insurance Exam Questions and Answers Part one | Verified and Updated Which of the following are the authorities that an agent can hold? - Correct Answer ️️ - Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - Correct Answer ️️ -Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - Correct Answer ️️ -Temporary worker The maj...