Driving Course > QUESTIONS & ANSWERS > California P&C Licensing Exam Questions and answers, Top Exam predictions. Quizz Bank (All)

California P&C Licensing Exam Questions and answers, Top Exam predictions. Quizz Bank

Document Content and Description Below

California P&C Licensing Exam Questions and answers, Top Exam predictions. Quizz Bank Under the commercial crime coverage part, loss resulting from employee dishonesty is: a. always excluded b. a... lways covered c. excluded unless an employee dishonesty coverage form is attached d. always covered - ✔✔c. excluded unless an employee dishonesty coverage form is attached What is true about COBRA? a. the company can terminate health insurance at the time of termination b. once the employee is not part of the group he will need to qualify as an individual c. dependents of an employee must be given the same rights as the employee d. all of the above - ✔✔c. dependents of an employee must be given the same rights as the employee An individual who owns a duplex has damage to his rental and has loss of income. His insurance would cover this loss of rent under: a. basic, broad, and special forms b. broad and special forms only c. there is no coverage d. not covered as he isn't part of the homeowners association - ✔✔a. basic, broad, and special forms Who can sell Medicare supplement policies? a. property and casualty agents b. life analyst c. any licensed agent d. life agents only - ✔✔d. life agents only Which commercial crime coverage form provides risk coverage for money and securities? a. robbery and sage burglary coverage b. premises theft and robbery outside the premise coverage c. theft, disappearance and destruction coverage d. premises burglary coverage - ✔✔c. theft, disappearance and destruction coverage Medicare supplement policies regulated by the code must: a. market anything they want b. sell only additional coverage's c. whatever federal law allows d. offer the core benefits - ✔✔d. offer the core benefits Which of the following may not be covered under a dwelling? a. tenant improvements or additions b. detached garage c. the insured's stamp collection d. rent money that could be lost under damage to a rental property - ✔✔c. the insured's stamp collection 8. Medicare Part B requires additional premiumsa. true b. false - ✔✔a. true Which of the following perils are covered by a basic coverage form of a dwelling? a. fire and smoke b. fire, smoke and rain c. fire, lightning and internal explosion d. all of the above - ✔✔c. fire, lightning and internal explosion Which of the following is correct in regards to a Business Owner Policy for an office building? a. cannot exceed gross sales of $3 million in a year b. cannot exceed 6 stories an 60 dwelling units c. cannot exceed 6 stories or 100,000 square feet d. all of the above are correct - ✔✔c. cannot exceed 6 stories or 100,000 square feet A worker is injured and can only complete 60% of duties that his job requires; he is considered to be which: a. permanently, partially disabled b. totally disabled c. temporarily disabled d. does not qualify for disability - ✔✔a. permanently, partially disabled The Loss Sustained Form covers losses that occur during the policy period and losses are discovered and reported during the policy period or up to 1 year after the policy expires. a. true b. false - ✔✔a. true What does a Mexican liability endorsement cover? a. excess liability for accidents within 50 miles of the US border on trips of 30 days or less. b. excess liability for accidents within 25 miles of the US border on trips of 10 days or less. c. excess liability for accidents within 100 miles of the US border on trips of 10 days or less d. None of the above - ✔✔b. excess liability for accidents within 25 miles of the US border on trips of 10 days or less. Which of the following has the most stringent definition of a total disability? a. Partial disability b. Temporary disability c. total disability under the social security disability d. all of the definitions are universal - ✔✔c. total disability under the social security disability Which of the following dwelling forms does not include burglary of the insured's personal property? a. Basic b. Broad c. Special d. named perils - ✔✔a. Basic Which of the following homeowners forms has the broadest coverage? a. Basic b. Broad c. Named Peril d. Special - ✔✔d. Special Why does boiler and machinery coverage need to be added to a commercial package? a. Boiler and machinery is too dangerous for regular commercial lines b. Boiler and machinery is too expensive for regular insurance companies c. a separate coverage is needed due to the fact that most lines of insurance exclude boiler and machinery d. all of the above. - ✔✔c. a separate coverage is needed due to the fact that most lines of insurance exclude boiler and machinery In order to sell long term care, a licensed agent must do how many hours pertaining solely to long term care? a. 6 hours b. 4 hours c. 8 hours d. 24 hours - ✔✔c. 8 hours Majority of the premium for a boiler and machinery policy is used for: a. inspection b. clean up c. Underwriting d. Company expenses - ✔✔a. inspection Theft of inventory and shortage of inventory would be covered by Employee Dishonestya. true b. false - ✔✔b. false Which of the following has the broadest definition? a. theft b. larceny c. burglary d. steeling - ✔✔a. theft Employee dishonesty does not cover: a. theft from a safe b. burglary of the store c. shortages of inventory d. theft out of the register - ✔✔c. shortages of inventory An insurer can do an audit of the insured's records during a policy and for how long? a. 5 years b. 2 years c. 3 years d. depends upon insurance retroactive date - ✔✔c. 3 years A commercial policy can only be amended and waived: a. with consent and endorsement from the insurer b. only by the insurer and attached to the policy c. only before insurance is in effect d. all of the above - ✔✔a. with consent and endorsement from the insurer Commercial packages must contain: a. conditions b. declarations c. two or more coverage forms (modules) d. all of the above - ✔✔d. all of the above Why purchase a commercial package policy vs. several monoline policies? a. ease of coverage under one policy b. reduces ambiguous language c. reduces gaps in coverage d. all of the above. - ✔✔d. all of the above What is a monoline policy? a. Not found in the ordinary insurance market only through surplus lines b. any insurance that is a single line (single module) c. only contains business property coverage d. all of the above. - ✔✔b. any insurance that is a single line (single module) The general aggregate limit: a. does not apply to the products and completed operation aggregate limit b. most an insured will have to pay during a policy period c. it applies to the whole amount an insurer will pay during a policy period d. none of the above. - ✔✔a. does not apply to the products and completed operation aggregate limit Who can write insurance through the FAIR plan? a. Property/casualty agents b. solicitors c. life and health agents d. any insurance agent - ✔✔a. property/casualty agents Who can purchase insurance through the fair plan? a. insured's who fall in the areas that are not reasonable risks or too expensive to insure profitably b. anyone that can't obtain insurance for non-payment c. young drivers with little to no driving history d. all of the above - ✔✔a. insured's who fall in the areas that are not reasonable risks or too expensive to insure profitably A house that falls in a designated brush fire area could not obtain insurance through the fair plan.a. true b. false - ✔✔b. false Which of the following are coverage's provided by inland marine? a. domestic shipments b. personal property risks c. transportation and communications equipment d. all of the above - ✔✔c. transportation and communications equipment What type of coverage does inland marine provide? a. basic b. broad c. open peril d. named peril - ✔✔c. open peril An automobile kept for a customer in a parking structure would be covered by what coverage: a. inland marine b. garage keepers c. business personal property d. commercial auto insurance - ✔✔b. garage keepers A provision in liability insurance that created the implementation of inland marine insurance is: a. care custody and control exclusion b. open peril c. special form d. coinsurance clause - ✔✔a. care custody and control exclusion 36. An employee working in a customer's home trips and injures the customer causing property damage. The employee and business would be covered under: a. inland marine b. commercial property insurance c. commercial general liability d. personal liability policy - ✔✔c. commercial general liability Liquor liability form is only for companies/businesses that's sole business is serving and selling liquora. true b. false - ✔✔a. true A customer falls and trips on the insured's business property what would cover this? a. workers comp b. commercial general liability c. products completed operations d. none of the above - ✔✔b. commercial general liability The main purpose of insurance is to: a. transfer the risk from one person to an insurance company b. retain the risk c. reduce risk exposure d. none of the above - ✔✔a. transfer the risk from one person to an insurance company All of the following must be present to be an insurable risk excepta. loss must cause financial hardship b. cost must be affordable c. loss must be calculable d. speculative risk - ✔✔d. speculative risk How do we calculate actual cash value in a homea. stated value b. replacement cost minus depreciation c. replacement cost d. selling price - ✔✔b. replacement cost minus depreciation When a policy is cancelled and the insurer only retains the earned premium, this is said to be: a. short rate b. flat cancellation c. pro rata d. none of the above - ✔✔c. pro rata An insured purchased furniture for $8,000. There was a fire destroying the furniture that had depreciated $3,000 in value. The replacement cost of the furniture is $9,000. The actual cash value is valued at: a. $4,000 b. $3,000 c. $6,000 d. $5,500 - ✔✔c. $6,000 What does aggregate limit apply? a. Total amount an insurance company will pay per occurrence b. Total amount an insurer will pay out during a policy period c. Total amount of insurance an insured can pur [Show More]

Last updated: 11 months ago

Preview 1 out of 120 pages

Reviews( 0 )

Recommended For You

 Electrical Engineering> QUESTIONS & ANSWERS > Electrician's Licensing Exam questions and answers (All)

preview
Electrician's Licensing Exam questions and answers

Electrician's Licensing Exam questions and answers

By luzlinkuz , Uploaded: Jul 31, 2022

$7

 Art> QUESTIONS & ANSWERS > Cosmetology licensing exam questions and answers 100% correct (All)

preview
Cosmetology licensing exam questions and answers 100% correct

Cosmetology licensing exam questions and answers 100% correct Natural hair colors ✔✔Such is Hannah also known as vegetable hair color Metallic hair color ✔✔Contains metallic salts that cause build...

By Nutmegs , Uploaded: Sep 16, 2022

$10

 Risk Management and Insurance> QUESTIONS & ANSWERS > NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass (All)

preview
NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass

NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass Insuring Agreement ✔✔company's obligation to pay, includes the perils and coverage for specific or named peril polici...

By Nutmegs , Uploaded: Oct 30, 2022

$10

 Real Estate> QUESTIONS & ANSWERS > OREGON Real Estate Licensing Exam Questions and Answers 100% Pass (All)

preview
OREGON Real Estate Licensing Exam Questions and Answers 100% Pass

OREGON Real Estate Licensing Exam Questions and Answers 100% Pass A branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest i...

By Nutmegs , Uploaded: Oct 16, 2023

$14

 Business> QUESTIONS & ANSWERS > NJ Property, Casualty, and Auto Licensing Exam Questions and Answers (Graded A) (All)

preview
NJ Property, Casualty, and Auto Licensing Exam Questions and Answers (Graded A)

NJ Property, Casualty, and Auto Licensing Exam Questions and Answers (Graded A) Insuring Agreement ✔✔ company's obligation to pay, includes the perils and coverage for specific or named peril polic...

By Crescent , Uploaded: Jan 04, 2023

$7.5

 Law> QUESTIONS & ANSWERS > New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ (All)

preview
New York State Property and Casualty Licensing Exam Questions and Answers Graded A+

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of ✔✔Duplicate insurance p...

By Nutmegs , Uploaded: Feb 20, 2023

$10

 Management> QUESTIONS & ANSWERS > Property and Casualty Insurance Licensing Exam Questions and answers, 100% Approved predictor Quizzes. (All)

preview
Property and Casualty Insurance Licensing Exam Questions and answers, 100% Approved predictor Quizzes.

Property and Casualty Insurance Licensing Exam Questions and answers, 100% Approved predictor Quizzes. To prevent recovery beyond the amount of the insured's actual loss, the policy will contain:...

By Topmark , Uploaded: Mar 13, 2023

$10

 Management> QUESTIONS & ANSWERS > WV P&C Insurance Exam Study Questions and answers, Top Examinable. (All)

preview
WV P&C Insurance Exam Study Questions and answers, Top Examinable.

WV P&C Insurance Exam Study Questions and answers, Top Examinable. The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy. Which of the following sy...

By Topmark , Uploaded: Mar 13, 2023

$11

 Management> QUESTIONS & ANSWERS > NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass (All)

preview
NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass

Insuring Agreement ✔✔company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions ✔✔what the policy will not pay for Definitions ✔✔names of the pers...

By remmington , Uploaded: Aug 12, 2023

$8

 Pesticide Regulation Licensing> QUESTIONS & ANSWERS > Pesticide Regulation Licensing Exam Questions and Answers 2023 Rated A+ (All)

preview
Pesticide Regulation Licensing Exam Questions and Answers 2023 Rated A+

Pesticide Regulation Licensing Exam Questions and Answers 2023 Rated A+ 1 / 46 1. The Department of Pesticide Regulation's (DPR) mission: *To protect human health and the environment by regulating...

By Crescent , Uploaded: May 23, 2023

$10

$12.00

Add to cart

Instant download

Can't find what you want? Try our AI powered Search

OR

GET ASSIGNMENT HELP
54
0

Document information


Connected school, study & course



About the document


Uploaded On

Mar 12, 2023

Number of pages

120

Written in

Seller


seller-icon
Topmark

Member since 1 year

65 Documents Sold


Additional information

This document has been written for:

Uploaded

Mar 12, 2023

Downloads

 0

Views

 54

Document Keyword Tags

THE BEST STUDY GUIDES

Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students

custom preview

Avoid examination resits

Your fellow students know the appropriate material to use to deliver high quality content. With this great service and assistance from fellow students, you can become well prepared and avoid having to resits exams.

custom preview

Get the best grades

Your fellow student knows the best materials to research on and use. This guarantee you the best grades in your examination. Your fellow students use high quality materials, textbooks and notes to ensure high quality

custom preview

Earn from your notes

Get paid by selling your notes and study materials to other students. Earn alot of cash and help other students in study by providing them with appropriate and high quality study materials.


$12.00

WHAT STUDENTS SAY ABOUT US


What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Browsegrades · High quality services·