Risk Management and Insurance > QUESTIONS & ANSWERS > Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass (All)

Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass

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Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be ✔✔catastrophic Which of the following persons would be required to hold ... a producer license? ✔✔a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? ✔✔ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? ✔✔the difference in the actual cash value as a pair and as a single Which of the following additional perils is covered under both of the Basic and Broad forms in dwelling policies? ✔✔internal explosion When would a misrepresentation on the insurance application be considered fraud? ✔✔If it is intentional and material A bond is written for a set limit, and the surety will be liable only for this amount. This limit is known as the ✔✔penalty In insurance, an offer is usually made when ✔✔the application is submitted All of the following actions by a producer may be grounds for license revocation or non-renewal EXCEPT ✔✔participating in controlled business In personal auto policies, the term "you" refers to ✔✔the named insured Business personal property coverage form covers all of the following except: ✔✔automobiles held for sale in dwelling policies, automatic increase in insurance is ✔✔coverage by endorsement To be eligible for businessowners policy (BOP) coverage, an office building CANNOT be higher than ✔✔6 stories Elaborate homes with replacement costs greater than ACV or market value are insured on the ✔✔HO-8 Form Which of the following dwelling coverage forms would pay replacement cost for the dwelling? ✔✔DP-2 and DP-3 Business personal property coverage insures property out in the open if it is ✔✔Within 100 feet of the described premises A runaway shopping cart injures a customer in a supermarket's parking lot. Coverage for this claim would be provided under ✔✔premises and operations Which of the following b [Show More]

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