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GPCU 530 EXAM NEWEST 2026 ACTUAL EXAM COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
Question 1: Aaron had recently purchased a home. He called an
insurance agent to secure a policy. Aaron told the agent that he
needed immediate homeowners coverage for $345,000. The
agent told Aaron that his home was covered. Under these
circumstances, is Aaron covered?
Select one:
A. No, Aaron is not covered until the policy has been produced.
B. Yes, there is coverage because the verbal agreement is an
anticipatory agreement.
C. No, the agent has only made an offer to insure.
D. Yes, there is coverage because the agent's oral agreement is
binding.
CORRECT ANSWER: D. Yes, there is coverage because the
agent's oral agreement is binding.
Question 2: Aaron has to be out of the country for several weeks
and hires Louis to mow his grass during his absence. Aaron tells
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