{"id":130189,"date":"2023-12-07T15:50:26","date_gmt":"2023-12-07T15:50:26","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=130189"},"modified":"2023-12-07T15:50:27","modified_gmt":"2023-12-07T15:50:27","slug":"idaho-property-casualty-exam-prep-new-update-questions-and-answers-100-verified","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/07\/idaho-property-casualty-exam-prep-new-update-questions-and-answers-100-verified\/","title":{"rendered":"Idaho Property & Casualty Exam Prep New Update Questions and Answers 100% Verified"},"content":{"rendered":"\n

Idaho Property & Casualty Exam Prep New Update Questions and Answers 100% Verified<\/p>\n\n\n\n

Idaho Property & Casualty Exam Prep
New Update 2023-2024 Questions and
Answers 100% Verified
Which of the following statements is false with respect to requirements for rates?
A) Rates may not be inadequate
B) A purpose of the rate regulation is to diminish competition between insurers
C) Rates may not be unfairly discriminatory
D) A purpose of the rate regulation is to regulate cooperative action among insurers
Answer – B
The Businessowners Coverage Form to the Businessowners Policy provides coverage
on which of the following basis?
A) Modified Perils
B) Simplified Perils
C) Broad Perils
D) Open Perils Answer – D
Which of the following describes the coverage of the Extra Expense Coverage Form?
A
It covers the loss of business income during the period of restoration
B
It covers the expense of disposing of spoiled merchandise caused by a power outage
C
It covers the necessary additional expenses incurred during the period of restoration
which would not otherwise have been incurred in the absence of a direct loss
D
It covers the expense of removing the debris of a covered direct loss Answer – C
All of the following are true of negligence, except:
A
It is the failure to use ordinary care
B
It does not require a duty to be owed
C
It is a type of tort
D
It does not include breach of contract Answer – B
All of the following are Optional Coverages under the Businessowners Policy, except:<\/p>\n\n\n\n

A
Money and securities
B
Employee dishonesty
C
Outdoor signs
D
Personal property of others that is in the insured’s care, custody and control Answer – D
Policyholder S has an HO-5 policy with a $250,000 Coverage A limit. After a strong
wind blows a mailbox into S’s front picture window, causing $2,500 damage, S
immediately buys $250 of wood and plastic sheeting to cover the damaged window and
prevent further damage. How much will S’s policy pay?
A
$2,250
B
$2,750
C
$250
D
$500 Answer – B
The Collision or Running Down Clause in Ocean Marine Insurance covers:
A
Collision damage to another vessel when the shipper is liable
B
Collision damage to the insured vessel when it collides with a pier or fixed object
C
Damage to the insured vessel caused by running aground
D
Collision damage to the insured vessel when it collides with another vessel Answer – A
Which Ocean Marine insurance provision protects against direct damage caused by
bursting of boilers?
A
Boiler & Machinery Clause
B
Inchmaree Clause
C
Mechanical Failure Clause
D
Running Down Clause Answer – B
Bodily Injury may include which of the following?<\/p>\n\n\n\n

A
Loss of Earnings
B
Slander
C
Invasion of Privacy
D
False Arrest Answer – A
Which of the following covers an employee in a position of private trust and protects an
employer against loss caused by the employee’s dishonesty.
A
Performance bond
B
Fidelity bond
C
Lender’s bond
D
License bond Answer – B
Which of the following is correct regarding products liability under the CGL?
A
Coverage applies to the bodily injury (BI) and property damage (PD) the product
causes, but not to the product itself
B
Products liability coverage commences immediately upon sale of the product, before the
purchaser leaves the insured’s premises
C
Products liability coverage includes dram shop liability insurance
D
Coverage applies to BI and PD caused by the product, and to damage to the product
itself once in the purchaser’s care, custody and control Answer – A
Notice of premium or coverage changes must be sent out with _<\/em> days’ notice.
A
21
B
25
C
14
D
30 Answer – D<\/p>\n\n\n\n

All of the following are covered perils under the Extended Coverage Endorsement to the
DP-1, except:
A
Vehicles
B
Weight of ice, snow or sleet
C
Windstorm
D
Volcanic eruption Answer – B
Which statement is true concerning Coverage D of the Homeowners Policy?
A
The coverage will pay for all the insured’s living expenses until the property is restored
B
If the insured must relocate permanently, payment will be made for 365 days,
regardless of the time it takes the insured to settle at the new location
C
The coverage will pay for any increase in living expenses required to maintain the
insured’s normal standard of living
D
The coverage will pay until the property is restored, plus 30 days relocation expense
Answer – C
Policyholder M insures her owner-occupied single family residence under a dwelling
property policy (DP-3) with a limit of $100,000. If the dwelling is damaged in a fire, what
policy coverage will pay for M’s extra costs to stay in a motel and board her pets while
the fire damage is being repaired?
A
Coverage E
B
Coverage B
C
Coverage D
D
Coverage C Answer – A
All of the following are true of automobile physical damage Coverage D, except:
A
It covers damage to the insured auto and to another auto with which it collided
B
Collision coverage usually is written with a deductible
C
Damage to the insured auto that is caused by colliding with a deer would be covered
under Other Than Collision coverage
D
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