Study 4 Exam

Question 1

Symbol 1

Answer 1

Least Restrictive, covers any auto.

Question 2

Symbol 2

Answer 2

Owned Autos Only

Question 3

Symbol 3

Answer 3

Owned Private Passenger Autos Only

Question 4

Symbol 4

Answer 4

Owned Autos Other Than Private Passenger Autos Only

Question 5

Symbol 5

Answer 5

Owned Autos Subject to No Fault

Question 6

Symbol 6

Answer 6

Owned Autos Subject to a Compulsory Uninsured Motorist Law

Question 7

Symbol 7

Answer 7

Specifically Described Autos

Question 8

Symbol 8

Answer 8

Hired Autos Only

Question 9

Symbol 9

Answer 9

Non-Owned Autos Only

Question 10

CGL Coverage C

Answer 10

Medical Payments

Question 11

PIP Range

Answer 11

10k - 35k

Question 12

Funeral Expense under PIP

Answer 12

2k

Question 13

Phantom Vehicle Reporting Window

Answer 13

72 Hours

Question 14

A binder is good for ____ days

Answer 14

90

Question 15

Rebating is paying anyone over $____

Answer 15

100

Question 16

Years a producer must keep transaction records

Answer 16

5

Question 17

You have ___ days to change your address

Answer 17

30

Question 18

A temporary license is good for _____

Answer 18

180 days

Question 19

You must hold onto continuing education certs for ____ years

Answer 19

3

Question 20

Certificates of authority renew yearly on _____

Answer 20

July 1st

Question 21

Max loss of service a day for pip: $____

Answer 21

40

Question 22

PIP rejections must be held onto for ____ years

Answer 22

3

Question 23

Minimum window for cancelling an auto policy for reasons other than nonpayment

Answer 23

20 days

Question 24

Minimum window for cancelling an auto policy for nonpayment

Answer 24

10 days

Question 25

Traffic violations/accidents are only relevant for ___ years

Answer 25

3

Question 26

Years a license can be suspended for not meeting limits of responsibility:

Answer 26

3

Question 27

Minimum window for cancelling a home policy for nonpayment

Answer 27

10 days

Question 28

Auto Coverages

Answer 28

Part A - Liability
Part B - Medical
Part C - UIM
Part D - Physical Damage (coll/oct)

Question 29

Dwelling Coverages

Answer 29

Coverage A - Dwelling
Coverage B - Other Structures
Coverage C - Insured's Personal Property
Coverage D - Fair Rental Value
Coverage E - Extra Living Expense

Question 30

Homeowners Coverages

Answer 30

Coverage A - Dwelling
Coverage B - Other Structures
Coverage C - Personal Property
Coverage D - Loss of Use

Question 31

Commercial General Liability Coverages

Answer 31

Coverage A - Liability (BI & P)
Coverage B - Personal/Advertising Injury
Coverage C - Medical Payment

Question 32

Worker’s Compensation 1-6

Answer 32

1 - Worker's Comp Insurance
2 - Employer's Liability
3 - Other States
4 - Your Duties if Injury Occurs
5 - Premium
6 - Conditions

Question 33

Farm Coverages

Answer 33

A - Farm Dwelling (dwelling)
B - Other Structures (dwelling)
C - Personal Property (dwelling)
D - Loss of Use (dwelling)
E - Scheduled Farm Property
F - Unscheduled Farm Property
G - Farm Structures
H - Farm Comprehensive Personal Liability
I - Personal/Advertising Injury
J - Medical Payments

Question 34

Basic Perils

Answer 34

Fire, Lightning, Internal Explosion

Question 35

Basic Perils Extended Coverage

Answer 35

Wind
Civil Commotion
Smoke
Hail
Airplane
Vehicles
Volcanic Eruption
Explosion
Riot
Vandalism
Malicious Mischief

Question 36

Broad Perils

Answer 36

Burglary damage
Ice (weight of)
Glass Breakage
Accidental Discharge of Water
Freezing Objects
Falling Objects
Electrical Current
Collapse
Tearing Asunder