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ALABAMA PROPERTY AND CASUALTY EXAM
Qs and Ans - Expert- Explanation - ing 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
- wind
- hail
- vandalism
- theft
Question 9: Which of the following coverages can be found in all Homeowners forms but in no unendorsed Dwelling policies ?
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
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