Property And Casualty Insurance License Questions and Answers (Q&A)

The correct answer is B. Margaret's dog is temperamental. She's afraid that it will bite a neighbor someday and she will be held responsible.
Why? It is the only answer that is likely to incur...Read More

Insurance agents are special people who sell their insurance policies to different people. They are the spokesperson of different insurance companies/ they portray their policies in a positive...Read More

168 hours

C is correct. Under this endorsement, all earthquake shocks or volcanic eruptions that occur within any 168-hour period constitute a single earthquake or volcanic eruption.

$35,000 for buildings and $10,000 for contents

A is correct. When the regular program goes into effect, additional coverage can be purchased: up to $250,000 for building coverage and up to...Read More

At any time

A is correct. The insurance company has the right to inspect the insureds premises at any time.

Deductibles apply separately for each applicable coverage unless the deductibles are shown as "combined" for any two or more coverages.

A is correct. Deductibles apply separately for each...Read More

Companies will often pay up to $10,000 to remove pollution if it is covered by a “covered peril”. A covered peril is just something that the insurance company covers. If it the...Read More

LaTonya
First City Bank

A and D are correct. Insurable interest exists when there is an actual economic interest in the safety or preservation of the subject of the insurance from loss...Read More

A promise to pay for certain losses if they occur

C is correct. Consideration is the thing of value exchanged under a contract. The insureds consideration is the premium; in return, the...Read More

Writing the provisions of a customer s policy

B is correct. Agents have a responsibility to interact effectively with customers in regard to the insurance transaction, but they do not...Read More

The answer to this is C. Are you wondering why this is the correct one? This is because ensuring agreements are responsible for knowing the types of losses that have been insured. This will state...Read More

Structures on farm land owned by an insured

Family cemetery plots, newly acquired premises, and premises used as a temporary residence by an insured are all included in the policy...Read More

Claims

B is correct. The claims department sees that the companys insureds are adequately indemnified for their losses. Claim adjusters determine the cause of loss, whether the loss is...Read More

States that the more examples used to develop a statistic, the more reliable the statistic will be.

C is correct. The law of large numbers says that the more examples used to develop a...Read More

Damage to or loss of the insured ship

Ocean marine protection and indemnity (P&I) coverage provides liability coverage for job-related injuries to sailors, cargo lost or damaged through...Read More