Property & Casualty

16 Questions  I  By Namoxley on November 24, 2009
Kansas Property and Casualty Insurance Exam.

  
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1.  If an HO-3 policy has a coverage limit of $100,000 on the dwelling, how much coverage would automatically apply to cover the insured's personal property under Coverage C.
A.
B.
C.
D.
2.  Which of the following insurance principals permits a policyholder to be reimbursed for losses experienced.
A.
B.
C.
D.
3.  Deductibles are used for all of the following purposes EXCEPT
A.
B.
C.
D.
4.  Uncertainty concerning financial loss best describes the concept of
A.
B.
C.
D.
5.  Collision insurance covers which of the following perils?
A.
B.
C.
D.
6.  All of the following perils are covered by a basic fire insurance policy EXCEPT
A.
B.
C.
D.
7.  By entering into an insurance contract, a policyholder transfers the right of legal action against a responsible third party to the insurer. This process is known as
A.
B.
C.
D.
8.  A condition creating or increasing the chance for loss is known as a 
A.
B.
C.
D.
9.  Aviation hull insurance provides an aircraft with protection while
A.
B.
C.
D.
10.  Replacement cost less depreciation defines.
A.
B.
C.
D.
11.  All of the following statements are correct regarding the duties of an insured following a loss EXCEPT
A.
B.
C.
D.
12.  A coverage form added to the commercial package policy that provides protection against the direct loss to building under construction is known as
A.
B.
C.
D.
13.  A building owner purchases a fire policy providing $60,000 worth of coverage with an 80% coinsurance clause for his $100,000 building. He suffers a $10,000 loss. How much of the loss will the company pay.
A.
B.
C.
D.
14.  Which of the following types of property would be insured on a value basis by a personal articles floater?
A.
B.
C.
D.
15.  The phrase robbery or holdup, as used in a burglary and robbery insurance, means the felonious taking of property in which of the following ways?
A.
B.
C.
D.
16.  All of the following risks are eligible risks under a businessowners policy EXCEPT
A.
B.
C.
D.
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