Learn As You Go! Flashcards
Which endorsement can be added to business owners policy that would cover them for a power companies transformer being destroyed
Utility service time element endorsement
Wait so established based on the similarities of the risks are known as
Manual rates
Which federal act provides benefits To injured civilians who are employed by the federal government
Federal employees compensation act
Which of the following would be included in the farm liability coverage forms
Bodily injury to resident employee
What is the term for the entity that an agent represents regarding contractual agreements with third parties?
designee
insured
principal
client
Principal
When an insurer cancels an auto policy for an allow reason they must give notice to the named insured apostle Paul eligibility for coverage through the Pennsylvania auto insurance plan unless the reason for cancellation is
Non-payment of premium
When an insured makes truthful statements on the application for insurance and pays the required premium it is known as which of the following?
consideration
legal purpose
contract of adhesion
acceptance
Consideration because they gave each other something
I feel like this person moved to Pennsylvania wants to get license in Pennsylvania how many days do they have to submit an application
90 days
And a foreign policy which of the following coverages would be impressed the insured for loss of rental income falling damage to the insured dwelling
Coverage D loss of use
Extended non-own coverage endorsement in a PAP broadens which of the following coverages?
physical damage
liability medical payments
transportation expenses
uninsured motorist
Liability medical payments
For how long after the death of a named insured must basic property insurance continue coverage
180 days
A business using its own trucks to move it on cargo would ensure the cargo using what form?
Motor carrier form
Trip transit coverage
Motor truck cargo owners form
Motor truck cargo truckers form
Motor truck cargo owners form
When ensure cancels midterm and commercial property or casualty insurance policy for an allowable reason they must send and deliver a notice of cancellation how many days in advance
60 days
In a dwelling policy which of the following is true regarding personal liability coverage?
It does not cover medical payments to others
It is included in our dwelling policy’s
It is the same as in homeowners policies
It must be added as a supplement or written as a separate policy
It must be added as a supplement or written as a separate policy
A situation in which a person can only those I have no change represents:
Pure risk
speculative risk
Adverse selection
Hazard
Pure risk
If a person is using an auto with the belief that he’s entitled to do so subrogation rights under a personal auto policy would apply to all coverages except:
No-fault medical payments
Liability
Physical damage
Uninsured motorist
Physical damage
Which of the following regulatory authorities participated in creating the national do not call registry
FTC the federal trade commission
A claim is considered to have been made when:
When a notice is received and recorded by the insurer
When notice is received and recorded by insured or the insurer which ever comes first
When received in writing or telephonically by the insurer
When notice is received by insured
When notice is received and recorded by insured or the insurer which ever comes first
Which of the following pairs is covered by HO2 and H03?
War
Sudden and accidental future of heating system
Loss due to power interruption
Food
Sudden and accidental future of heating system
Ocean marine policy is commonly referred to the person covered by the policy as the
Assured
Master
Policy owner
Inchmaree
Assured
What type of information would be found in a policy ensuring agreement?
Insurers address
Renewal dates
location of premises
policy limits
Renewal dates
Which of the following samples used in business auto coverage is correctly described?
Symbol 7 hired autos only
Symbol 9 non owned autos only
Symbol 1 owned auto only
Symbol 2 owned autos subject to no fault
Symbol 9 non owned autos only
Under the commercial property coverage program the basic causes of loss form insurance against loss caused by:
Sprinkler leakage
earth movement
nuclear hazard
power failure off the premises
Sprinkler leakage
Producer has successfully completed 52 hours of CE how many hours can a party supply to the curb. And how many hours can she carry forward
24 hours to the current reporting. And 24 can be applied to the next one the other four hours will not be carried over
Which of the following would be covered by Broad theft endorsement on a dwelling policy:
An antique car
a camera the insured has with him on vacation a pedigree show dog
fabric and patterns in a clothing designer studio at home
Camera
Because I need to as using stationary with the log having insurance company applicants for insurance assume that the agent is authorized to transact on behalf of the insurance what type of authority does this describe?
Assumed
apparent
express
implied
Apparent as an appearance
The major portion of the premium for an equipment breakdown policy pays:
For inspections and examinations
for repairs after a loss
for coverage for bodily injury and property damage of others
for replacement parts
For inspections and examinations
When transacting business in the state an insurer formed under the laws of another country it is known as an
Alien insurer
When applying for life policy the applicant mentions nausea but does not mention chest pain what is this
Concealment
Which of the following would be considered an insured under business auto coverage form
Anyone using with permission of covered auto
Going to the last payment condition in HO policies last must be paid within how many days
60 Days
A producer sold an insurance policy subsequently his license was suspended in this case how much is the commission will he receive
All of it
Sublimit for hazardous substances is how much
$25,000
Commercial Property special form covers property in transit up to how much
$5,000
If a consumer request additional information concerning an investigative consumer report how long does the insurer or reporting agency have to comply?
5 days
If insurance covered under a mobile homeowners policy moves the mobile home to protect it from a covered peril policy will pay how much
Up to $500
What type of compensatory damages will pay for pain and suffering and disfigurement:
Special
Tort
Normal
General
General
Which is NOT a DNC exception:
Calls by or on behalf on tax-exempt nonprofit organizations
Calls based from outside US
Calls for which the consumer gave prior consent
Calls which are not commercial
Outside US
Part of the policy that says for the rules of conduct duties and obligations
Insuring clause
Conditions
Exclusions
Declaration page
Conditions
And insured has a personal auto policy with both comp and collision. His car stolen and recovered five days later how much transportation expense of $20 a day what his policy pay
$60 After 48 hours
Adverse selection is a concert best described as
Risks with higher probability of those seeking insurance more often than other risks
Under farm liability coverage
Bodily Injury
An individual was Caught acting as an exclusive general agent – Even though he is not properly license, assuming that this occurred in a single day, what is the maximum penalty he faces
Third-degree misdemeanor and $1000 fine
An employee drives a company auto but doesn’t have a vehicle herself. What endorsement could be added to the insurance policy that would provide her coverage to drive someone else’s car for personal use?
Rental car coverage
personal injury protection
drive other car coverage
bobtail coverage
Drive other car coverage
A regular NFIP what are you sure single dwelling for up to how much
250,000
Under the fair credit reporting act if the customer challenges the accuracy of the information on the report the agency must
Respond to the customers complaint
Then how many years of last man insured bring a lawsuit against the insured according to the dwelling policy?
Two years
three years
five years
seven years
2
Which of the following statements is guaranteed to be true and if Untrue will breach an insurance contract
Representation
warranty
Concealment
indemnity
Warranty
When must application for coverage be made by federal crop insurance
At or before a date established by the federal crop insurance corporation
What is the penalty for violating the cease and desist order?
$10,000
Which of the following can affect whether or not you have a license
Failing to pay child support
commission of a felony
commission of a misdemeanor
failing to pay taxes
Misdemeanor
The authority granted to an agent through the agent contract is referred to as:
Absolute authority
expressive authority
Apparent authority
implied authority
Express
Is property in transit by registered mail covered under the jewelers block extension
Yes
Bull carriers are used to transport
Loose cargo
FAIR
Fair access to insurance requirements
