Test Questions section 2

Question 1

The Federal fair credit reporting act

Answer 1

Regulates Consumer reports

Question 2

The part pf the policy that sets forth the rules of conduct, duties, and obligations of the parties is called the…

Answer 2

Conditions

Question 3

A person who is not named as a insured on the dec page of a policy is protected by the policy is knows as the

Answer 3

Additional Insured

Question 4

All of the following are conditions commonly found in the insurance policy EXCEPT
*Subrogation
*Appraisal
*Insuring Agreement
*Cancellation and renewal

Answer 4

insuring Agreement

Question 5

All of the following are considered parts of the policy structure EXCEPT
*Insuring Conditions
*Conditions
*Provisions
*Exclusions

Answer 5

Provisions

Question 6

What type of information would be found in a policy insuring agreement

Answer 6

Renewal Dates

Question 7

A homeowner sells his house to a friend. the friend wants to keep the homeowners current policy in effect. Under the assignment provisions, which of the following is most likely?

Answer 7

The Homeowner will need to get written consent from the insurer before the policy can be reassigned

Question 8

Which of the following is not the consideration in a policy?