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0

The treatment of the surrounding and supporting tissue of the teeth for gum disease is considered what type of service?


Endodontics

Oral surgery

Restorative care

Periodontics

Periodontics!!!

1

Which of the following is NOT a type of “fiduciary” bond?


Administrator bond

Executor bond

Guardian bond

Appeal bond

APPEAL BOND

2

What is a Reporting Form policy?


The form that must be filled out to report a loss of personal property to the insurer

A policy that requires the insured to report the value of the property insured at certain time intervals

The same as a personal articles floater in that it specifically lists each jewelry item

None of the responses are correct

A policy that requires the insured to report the value of the property insured at certain time intervals!!!

3

An insurance policy is issued as a policy having two unequal parts, the liability assumed by the insurer and the premium paid by the insured. Therefore, an insurance policy is referred to as:


An aleatory contract.

A conditional contract.

A contract of adhesion.

A contract of estoppel.

An aleatory contract!!!

(A contract of insurance is known as an "aleatory contract" because the amount at risk between the parties is unequal. The insured pays a small premium compared to the insurance company’s promise of something of greater value in the future in case of a loss)

4

In aviation insurance, which of the following would cover crew members?

Medical Payments (by endorsement)

Bodily Injury

Extended Liability

Passenger Liability

Medical Payments (by endorsement).


(There is a provision under medical payments coverage that adds coverage for crew members for an extra charge)

5

The retroactive date which can be used in the claims-made version of the CGL policy is:


The earliest date an injury can occur for coverage to apply.

The latest date a claim can be made for coverage to apply.

The earliest date a claim can be excluded.

The latest date an injury can occur for coverage to apply.

The earliest date an injury can occur for coverage to apply.

6

Who are the three parties to the “appraisal clause"?


The insured, the insurer, and the appraiser

The two appraisers and the Insurer

The two appraisers and the umpire

The two appraisers and the insured

The two appraisers and the umpire!!!

7

The first effort to provide insurance for land transportation risks involved an extension of ocean marine coverage known as the:


“Inland waters” condition.

“Warehouse to warehouse” clause.

“Overland rail” extension.

“Overland transit” clause.

"Warehouse to warehouse” clause

8

The minimum limits of auto coverage required in New York are:


$25/50/10 with a wrongful death limit of $50/100.

$50/100/25.

$20/40/10.

$50/100/25 with a wrongful death limit of $100/300.

$25/50/10 with a wrongful death limit of $50/100.

9

What does the Leasehold Interest Endorsement provide?


Covers a building tenant, when a favorable lease is cancelled because of loss or damage.
Covers the landlord for their loss of rents under a lease when the structure is destroyed by an insured peril.

Guarantees the continuation of a favorable lease to the tenant when premises are damaged by an insured peril.

Provides moving and relocation expenses of a tenant when the lease is cancelled because of damage to the building caused by an insured peril.

Covers a building tenant, when a favorable lease is cancelled because of loss or damage.

10

What is "break-bulk" cargo as respects ocean marine cargo coverage?


Loose cargo, such as cartons.

Containerized cargo.

Bulk shipments.

Tanker cargo.

Loose cargo, such as cartons.

11

Which of the following is the type of report indicating the initial results of the investigation of a claim?

Field Report

Interim Report

Full Report

Claims Report

FIELD REPORT

12

Each of the following would qualify as a “trucker” under the trucker's policy, except:


Black’s, Inc., a department store using its own trucks to deliver merchandise.

Litton Transport, a company operating in States A and B over a set route for set fees and hauling goods for the public at large.

Jordon Trucking, a firm operating only in State B. It hauls goods for the public over set routes at set fees.

Miller Freight, a firm under contract with a quarry to haul gravel.

Black’s, Inc., a department store using its own trucks to deliver merchandise!!!

13

Which of the following statements is NOT correct regarding proof of loss?


It is the insureds option to complete.

The insurance company requests it.

It confirms the insureds opinion of the loss.

It is often a sworn statement.

It is the insureds option to complete.

14

A threat of violence or injury in the act of stealing is called:


Robbery.

Burglary.

Theft.

Violent theft.

Robbery!!!

15

Which of the following coverages are available in the ISO Equipment Breakdown protection coverage form?


Expediting Expenses

Business Income and Extra Expense or Extra Expense Only

Spoilage Damage

All of the responses are correct

All of the responses are correct

16

Pro-rata cancellation occurs when:


An insurance company cancels a policy mid-term.

A policy is nonrenewed.

A mortgage has been satisfied.

An insured cancels a policy after inception.

An insurance company cancels a policy mid-term.

17

In regards to workers compensation, what is a monopolistic state?


One in which coverage can be purchased from the state fund or a private insurer

One in which coverage can only be purchased through the state’s fund

One in which only employers with no in-state competition can self-insure

One in which private carriers are allowed to operate a monopoly

One in which coverage can only be purchased through the state’s fund!!!

18

Employee dishonesty coverage does not include:

Money stolen by the employee on the way to the bank

Inventory shortage caused by the employee

Embezzlement of money by an employee

Robbery of an employee

Robbery of an employee!!!

19

______ is a progressive narrowing and hardening of the arteries over time.


Osteoarthritis

Tachycardia

Atherosclerosis

Thrombosis

Atherosclerosis

20

In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and other pertinent information for a period of:


6 years.

10 years.

5 years.

15 years.

6 years

21

Coverage C of the homeowner’s policy covers ______ on watercraft, including their trailers, furnishings, equipment and outboard motors.


$1,500

$1,000

$2,500

$500

$1500

22

Which of the following results in immediate payment when the claimant signs a release relinquishing his or her right to sue?


Scheduled Payment Release

Full Release Settlement

Advanced Payment

Structured Settlement

Full Release Settlement!!!

23

The limit of liability for business auto coverage may be paid:


For each separate accident.

Only once during the policy term.

Until the aggregate limit is exhausted.

Only once for each involved automobile.

For each separate accident!!!

(The entire liability limit applies per accident. The commercial auto policy does not have an aggregate limit so no matter how many claims occur during the policy period the entire per accident)

24

Duplicate recovery under New York No-Fault coverage is not permitted. If the employee is covered under the employer's auto policy what might be done to the employee's personal auto insurance coverage:


Nothing. The policies will pay the claims under basic economic loss on a non contributory basis.

Endorsement PP 05 92 can be added to the employees personal auto policy.

The employer's policy will be primary, and the employee's policy is excess for the no-fault benefits.

The employee's policy is primary, and the employer's policy is excess for the no-fault benefits.

Endorsement PP 05 92 can be added to the employees personal auto policy.

25

Which of the following circumstances would most likely not be covered under most states’ workers compensation law?


An employee was injured during a lunch break in the factory parking lot

A work-related accident occurred when the risk of injury was well known to the employee

An injury to an employee was caused by the carelessness of another worker

A workplace injury was caused by an employee’s own negligence

An employee was injured during a lunch break in the factory parking lot

26

The BOP is designed to cover all of the following, EXCEPT:


An office complex with 7,500 square feet in total floor area.

Small apartment houses.

Medium size clothing stores.

Gas stations.

Gas stations

27

Which of the following protects against legal liability for loss or damage to baggage?


Hangarkeeper's Liability Coverage

Cargo Liability

Aircraft Liability Coverage

Aircraft Hull Coverage

Cargo Liability!!!

28

How long will the Businessowners Policy pay for “extra expense coverage” used to reduce the loss of income when the insured has suffered a loss from a covered peril?


Six consecutive months

Twelve consecutive months

Until the repairs are complete and the business re-opens, Until the repairs are complete and the business re-opens, subject to a 12 consecutive month limitation

Only until the policy expiration date

Until the repairs are complete and the business re-opens, Until the repairs are complete and the business re-opens, subject to a 12 consecutive month limitation!!!

29

Virtually all inland marine named perils forms include coverage for:


Theft.

Gradual deterioration.

Fire and lightening.

Dampness and extremes of temperature.

Fire and lightening.