Exam practice 3 Flashcards
(50 cards)
- An employee was severely injured in a work-related accident that require four weeks of hospitalization. The employee filed for workers compensation disability benefits. During the four weeks in the hospital, the disability would be classified as
a. Permanent total
b. Permanent partial
c. Temporary total
d. Temporary partial
c. Temporary total
- All the following are minimum liability requirements of the PA motor vehicle financial responsibility law except
a. $2,500 for first party medical benefits
b. $5,000 for damage to property of others in any one accident
c. $15,000 for injury of one person in any one accident
d. $30,000 for injury to two or more persons in any one accident
a. $2,500 for first party medical benefits
- In the event of a loss the dwelling policy condition on other insurance states that
a. The entire loss will be paid.
b. One half of the loss will be paid.
c. No portion of the loss will be paid.
d. Only a proportion of the loss will be paid.
d. Only a proportion of the loss will be paid.
- In PA commercial property and casualty risk insurance does not include which of the following
a. Aviation
b. Mortgage guaranty
c. Surety and fidelity
d. Owner occupied private residential property
a. Aviation
- Which terms describes a PA corporation whose primary activity consists of assuming and spreading all, or any portion of that liability exposure to its group members
a. High risk pool
b. Admitted insurer
c. Non admitted insurer
d. Risk retention group
d. Risk retention group
- Which activity does not require an insurance producers license?
a. Underwriting
b. Soliciting
c. Negotiating
d. Selling
a. Underwriting
- If a named insured elects the limited tort option in PA, the insured can seek recovery for pain and suffering for other non-monetary damages for all of the following scenarios except. If the at fault driver ***
a. Causes the insured to sustain serious injury.
b. Has automobile policy limits greater than 500k.
c. Is operating a motor vehicle registered in another state.
d. Is convicted of driving under the influence of alcohol in the accident.
a. Causes the insured to sustain serious injury.
- If a licensee has found to have committed any fraudulent or dishonest practice the insurance commissioner may do all the following except
a. Asses a fine.
b. Revoke the license.
c. Place the licensee under supervision.
d. Withhold the licensee commission and or fees.
d. Withhold the licensee commission and or fees.
- According to PA workers comp law a notice shall be posted in prominent and easily accessible place at the site of employment stating
a. Remember safety first
b. Remember this is a worker’s comp facility
c. Remember it is important to be careful at all times
d. Remember it is important to tell your employer about your injury
d. Remember it is important to tell your employer about your injury
- Which type of insurance policy is characterized by the identification of several items, each with its own description and limit?
a. Specific
b. Blanket
c. Scheduled
d. Lump sum
a. Specific
- Dwelling and Homeowners policies exclude coverage for
a. Flood
b. Debris removal
c. Fire department charge
d. Property removed to protect it from covered peril
a. Flood
- All of the following are examples of loss exposure except?
a. Liability assumed under a contract.
b. Premiere and operations.
c. Comparative negligence.
d. Completed operations.
c. Comparative negligence.
- An insurance producer may NOT withdraw funds from a premium trust account to ***
a. Pay premium to insurance.
b. Pay claims to an insured.
c. Return deposits to insureds.
d. Return premiums to an insured.
a. Pay premium to insurance.
- The classification type of construction that uses material that can withstand fire for at least 2 hours
a. Fire resistive
b. Noncombustible
c. Masonry
d. Frame
a. Fire resistive
- What is a benefit of a commercial package policy?
a. To extend the policy limits
b. To add more than 100 vehicles
c. To allow for more additional insureds
d. To replace the need for multiple policies
d. To replace the need for multiple policies
- What coverage part in a homeowner’s policy includes building materials on the premises used to repair the covered property?
a. Dwelling
b. Loss of use
c. Other structures
d. Personal property
a. Dwelling
- The entity that has the power to revoke an insurance license is the ***
a. Attorney general
b. Insurance company
c. Insurance commissioner
d. National Association of Insurance Commissioners
c. Insurance commissioner
- Which of the following example of a loss is covered by collision coverage under a business auto policy
a. Hitting a bird
b. Hitting a tree
c. A falling rock
d. Breakage of glass
d. Breakage of glass
- What type of property does an insured suffer if they don’t NOT carry sufficient property insurance to meet the policy requirements?
a. Coinsurance
b. Excess
c. Cancellation
d. Loss payable
b. Excess
- An individual who acts on behalf of an inquirer in negotiating an insurance contract is known as
a. Consultant
b. Principal
c. An oblige
d. A producer
a. Consultant
- A deliberate lie by an insured to the insurer to obtain a lower premium is an example of
a. Fraud
b. Estoppel
c. A warranty
d. Concealment
a. Fraud
- Under the building and business personal property coverage form, in addition to the building itself building coverage includes which of the following
a. Money
b. Motor vehicle
c. Patio furniture
d. Unattached sign
c. Patio furniture
- What is the purpose of difference in conditions insurance on a commercial policy?
a. Provides named perils coverage to fill gaps.
b. Provides personal injury liability coverage.
c. Provides catastrophic liability coverage.
d. Provides broad coverage to fill gaps
d. Provides broad coverage to fill gaps
- An employee using his/her own vehicle for pizza delivery is involved in an accident. Which coverage would the employer purchase to protect the business?
a. Personal injury protection
b. Uninsured/underinsured motorists
c. Non owned automobile
d. Physical damage
c. Non owned automobile
