Georgia PROPERTY & CASUALTY QUESTIONS GA EXAM UPDATE 100+ QUESTIONS AND AT FIRST ATTEMPT

Georgia PROPERTY & CASUALTY QUESTIONS
GA EXAM UPDATE 100+ QUESTIONS
AND
AT FIRST ATTEMPT
A bond guaranteeing the obligation of one party to another by a third party is known as
a:
A. surety bond
B. guarantee bond
C. fiduciary bond
D. municipal bond - CORRECT ANSWER: A. surety bond
A building to an insured's business is severely damaged by fire. bc of the nature of the
damage to the adjoining property, the insured is denied access to the business by the
fire dept. If the insured's property is covered under a business income coverage form,
the insurer will cover loss of earnings for a MAX of:
A. 6 months
B. 3 weeks
C. 60 days
D. 30 days - CORRECT ANSWER: B. 3 weeks
A business insured under a commercial general liability policy has a general aggregate
limit of $100,000,000 and an occurrence limit of $100,000. An injured party is awarded
$100,000. What remain available to the insured?
A. General aggregate of $100,000,000; Occurrence limit of $0
B.A. General aggregate of $900,000; Occurrence limit of $100,000
C.A. General aggregate of $100,000,000; Occurrence limit of $100,000
D.A. General aggregate of $900,000; Occurrence limit of $0 - CORRECT ANSWER:
B.A. General aggregate of $900,000; Occurrence limit of $100,000
A candidate for licenses as property ins producer must have completed a MIN of how
many of preliencsing education?
A. 45
B.10
C.15
D.30 - CORRECT ANSWER: C.15
A candidate for licensure as a casualty ins producer must have complete a MIN of how
hours of prelicensing education?