ALABAMA PROPERTY AND CASUALTY EXAM

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ALABAMA PROPERTY AND CASUALTY EXAM

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -99 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: This type of company benefits the policyowners

• stock
• mutual
• foreign
• alien

Answer:

Mutual Question 2: In P&C policies, the part of the policy which names the insured, the property to be covered and the limit of the policy is known as the ?

• policy face
• insuring agreements
• declarations
• conditions

Answer:

Declarations

Question 3: Liability coverage under a BOP is

Answer:

Occurrence triggered Question 4: Business personal property moved to a new location to protect Kendrick a covered peril is covered by the BOP for up to ______ Days

Answer:

30 Days

Question 5: Liability term used to describe an individual's mental state ?>

• bodily injury
• property damage
• personal injury
• advertising injury

Answer:

Personal Injury

Question 6: Which of the following is a third party contract ?

• property
• casualty
• earthquake
• theft

Answer:

Casualty

Question 7: A box of dynamite is a ?

• moral hazard
• physical hazard
• morale hazard

• excellent addition to a toy collection

Answer:

Physical Hazard

Question 8: How many vehicles are required to qualify for fleet rates ?

• 5 or more
• 10 or more
• 20 or more
• 25 or more

Answer:

• or more

Question 9: Which of the following coverages can be found in all Homeowners forms but in no unendorsed Dwelling policies ?

• wind
• hail
• vandalism
• theft

Answer:

Theft

Question 10: Which is true about the umbrella liabilities policy ?

• they are extremely expensive
• they are designed to be the primary payor
• they are written for excessive amounts
• they are the same as excess liability policies

Answer:

They are written for Excessive Amounts

Question 11: A person who has responsibility for the financial wellbeing of another is an ?

• accountant
• attorney in fact
• broker
• fiduciary

Answer:

Fiduciary

Question 12: The ranking insured in a personal lines contract is the

• named insured
• first named insured
• mortgagee
• husband

Answer:

Named Insured Question 13: Ohio Casualty is doing regular business in Indiana. Within the State of Indiana, Ohio Casualty would be considered ?

• admitted company
• domestic company
• unauthorized company
• risk retention group

Answer:

Admitted Company