PROPERTY AND CASUALTY INSURANCE - FINAL EXAM QUESTIONS AND ANSWERS

PROPERTY AND CASUALTY INSURANCE - FINAL EXAM QUESTIONS AND ANSWERS
Question :Which of the following are the authorities that
an agent can hold?
Express and implied
Correct Answer:Express and implied
Question :Which of the following terms refers to such
disabilities the loss of a limb, hearing , or eye sight?
Permanent partial disability
Correct Answer:Permanent partial disability
Question :Who is NOT considered an employee in an
commercial general liability (CGL) policy?
Temporary worker
Correct Answer:Temporary worker
Question :The major portion of the premium of an
equipment breakdown policy pays?
For inspections and examinations
Correct Answer:For inspections and examinations
Question :An insured owns a building valued at
$400,000. To comply with the 80% coinsurance
provision of his insurance policy, how , much should he
insure the property for?
80% of the property's replacement cost or more
Correct Answer:80% of the property's replacement cost
or more

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