According to the Damage-to-the-Property -of Others clause, the situation listed below which is most likely to be covered by the insurer is: A) the 16 year-old son of the insured hits a ba

11) According to the Damage-to-the-Property -of Others clause, the situation listed below which is most likely to be covered by the insurer is: A) the 16 year-old son of the insured hits a baseball into a window, but the window is not broken. B) the 12 year-old daughter of the insured purposefully throws a rock through the neighbor’s window, breaking it and causing $325.00 in damage. C) The insured, who operates a small fireworks factory in his basement, h a s an accident causing b r o k en windows to a neighbor’s house. D) The insured’s 10 year-old son accidentally breaks a window in the home of the insured.
12) All of the following are coverages under the personal injury liability endorsement, except: A) defamation of character B) false imprisonment C) invading the privacy of another D) liability assumed under a contract
13) A liability umbrella will do all of the following, except: A) provide excess coverage amounts on both general liability and automobile liability claims. B) partially cover the intentional infliction of injury by the insured onto another. C) offer broader coverage than do the basic contracts of underlying coverage. D) provide a great deal of coverage at a very modest premium.
14) All of the following are optional endorsements, except A) Coverage E B) Premises rented to others C) Watercraft and snowmobile D) Umbrella coverage
15) Driver A causes an accident with Driver B. Driver A leaves the scene without providing information as to his identity. Driver B will collect from his insurer under which of the following areas: A) Auto Liability B) Uninsured Motorist C) Physical Damage Coverage D) Medical Payment.
16) Mr. Frown owns Smiley Face International Corporation. Mr. Frown asks Miss Dimple, his secretary, to mail a letter for the company on her way home. Miss Dimple is on her way to the mail box in her personal auto when she accidentally runs down a group of men in a crosswalk. Smiley Face International Corporation A) will not be held accountable . B) will be responsible because of the family purpose doctrine. C) will be responsible because of Res Ipsa Loquitur. D) will be responsible because of vicarious liability .
17)The main purpose of a Guest Hazard Statute is to A) protect an insured from lawsuits brought from passengers injured while riding in their automobile. B) discourage an insured from offering a ride to a friend. C) protect insurance companies from collusion between an insured & friend. D) protect the guest as an automobile passenger when they are injured due to the fault of negligent driving.
18) Which of the following statements pertaining to the high risk driver is/are accurate? I) The high risk driver can be assigned to an insurance carrier when they are rejected by one, two or three carriers, within 60 days. II) Once they are assigned to a carrier, the high risk driver can only be canceled because of nonpayment of premium , within the first three years. III) Good drivers effectively are subsidizing the insurance rates of the high risk driver. A) I only B) I and II only C) I and III only D) I, II and III
19) Pure No-Fault means A) the tort system is partially replaced by only allowing lawsuits for the recovery of actual out-of-pocket injuries. B) no one is at fault and each party to the accident pays a proportional share of the damages to every other party involved in the accident. C) each participant in an accident has their insurance company pay the damages of the other driver. D) The tort system could not be utilized for any injuries resulting from automobile accidents and all parties are made from their own carrier.
20) If an automobile policy has no youthful drivers and the auto is used only for pleasure, then the cost of premium will A) be rated up 200% B) be base premium C) be the same charged an elderly farmer D) reduced by 50% from the base premium
21) Which of the following drivers would likely pay the highest premium, all other factors being even? A) a 16 year-old male, in the top 25% of his class, who has an excellent driver record and is the principal driver on a high performance vehicle. B) a 17 year-old part time male driver who was the driver of a standard family vehicle that was struck in the rear. C) A 17 year-old female high school honor student who is not the principal driver on the family auto. D) an elderly farmer who has four negative points against his current driving record .
22) Automobile insurance was designed to protect the insured, when it was first introduced into the marketplace. Today, the focus of buying automobile insurance seems to be A) still on the insured because of uninsured motorist coverage. B) on making it affordable for high risk drivers. C) on marketing it to poor people who own automobiles. D) to provide an accident victim with someone to sue.
27) Medical Payments coverage of the Personal Auto Policy extends to A) any party other than the insured. B) any party other than the insured and family members. C) to the insured and family members D) any party who was not “occupying” an auto at the time of injury.
28) Which of the following conditions or situations is an exclusion to uninsured motorist coverage: A) the insured is covered by his own policy when an uninsured driver causes him injury. B) a family member of the insured is covered by the policy of the insured when an uninsured driver causes him injury. C) the injured insured arranges a settlement with the uninsured and
negligent party without receiving the insurance company’s permission to do so. D) the insured is injured by a hit and run vehicle.
29) When an insured is covered to some extent by their own policy, but injury was the fault of another driver who carried auto insurance, the likely reason for the payment is due to which of the following? A) Uninsured Motorist Coverage B) Underinsured Motorist coverage C) Comprehensive Coverage D) Physical Damage Coverage
30) Other Than Collision Coverage is provided for all of the following, except: A) damage done by a hit and run vehicle B) damage done by earthquake C) damage done by flood D) damage done due contact with a deer
31) Dwelling coverage is available in some amount for all of the following homeowner forms, except: A) H0-2 B) H0-3 C) H0-4 D) H0-6
32) Which of the following statements about “replacement cost” under Coverages A and B is not accurate? A) Replacement cost almost a lways equals market value of real property. B) Replacement cost means obtaining the actual dollars needed to replace destroyed or damaged property C) Personal property is not covered under a replacement cost basis D) In order to qualify for replacement cost coverage, the insured isrequired to maintain no less 80% insurance on the subject property relative to the cost of replacing the building.
33) Which of the following represents an accurate personal property normal limit (minimum) under Coverage C? A) A cemetery headstone @ $2,000. B) A boat @ $1,000. C) Business property used away from the premises @ $500. D) Cash at $1,000
34) An insured owns an H0-8 contract with a dwelling coverage amount of $140,000. Landscape coverage will equal to which of the following amounts? A) $14,000, but no more than $250 per plant. B) $14,000, but no more than $500 per plant. C) $ 7,000, but no more than $250 per plant. D) $ 7,000, but no more than $500 per plant.
35) In the event of loss, the insured would be required to perform all of the following duties, except: A) provide immediate notice to the company. B) enter a burning building to protect personal property from further loss. C) help determine the loss by separating property which is ruined from property which is undamaged. D) inventory the loss which has occurred
36) Which of the following statement pertaining to the cancellation of a homeowners contract is/are true? I) When the insured cancels, at least 10 days’ notice must be given to the company. II) State law notwithstanding, the insured who cancels is always entitled to a pro rate refund. III) The insurance company can cancel a contract on an immediate basis via telegram to the first named insured as it appears in the policy declarations. A) I only B) II only C) III only D) Neither I, II nor III
42) The Dwelling coverages called basic and broad form have all of the following coverage in common except A) lightening B) fire C) landscape D) internal explosion
43) An All Risk policy A) excludes loss caused by deterioration. B) is the same as a named peril contract. C) is not open peril coverage. D) covers contents on a all risk basis.
44) Which of the following statements concerning Mobile Home insurance is/are accurate? I) Coverage is always written on an actual cash value basis because mobile homes are looked upon as a depreciable asset. II) To obtain the best possible coverage, the mobile home must be at least 10 feet by 40 feet and be designed for year around living. Ill) Personal property coverage is less than what is found in a standard h o m e o w n e r p o l i c y . A) I and II only B) I only C) III only D) II and III only
45) All of the following statements about flood insurance are true, except: A) flood insurance can be purchased from private insurance companies. B) subsidized coverage on a single family dwelling in the emergency program is $35,000 C) if property is purchased in a special flood hazard area, purchase of flood insurance is optional. D) the nonresidential contents limit is $100,000.
46) All of the following contents are excluded under a residential flood insurance policy, except: A) tenant improvements up to 10% of the contents coverage amount. 8) business property C) valuable papers D) fish
47) The Fine Arts floater covers which of the following causes of loss? A) Damage done by deterioration. B) Loss caused by rats. C) Loss directly caused by earthquake. D) Damage done during a repair or restoration process.
48) Section II of a Watercraft policy excludes all of the following loses except: A) when the insured runs a boat over a swimmer with the intent of injuring the swimmer. 8) liability caused while the boat owner is operating a boat repair shop. C) liability coverage to a friend who took the boat onto the water without asking the owner’s permission to do so. D) a family member of the named insured who accidentally runs the boat into a water skier.
49) The best manner in which to purchase coverage on a dwelling is to base the coverage amount on A) what the insurance agent advises B) replacement cost C) on market value D) on outstanding principal loan balance
50)Landis Lord purchases a piece of real estate and purchases real estate title insurance. Four years later, another party comes forward with a better claim to title than Mr. Lord. Because of his title insurance ownership, Mr. Lord can expect which of the following outcomes? A) The insurance will pay the better title holder the required sum of money, thus assuring that Mr. Lord will retain the land and its ownership. B) Both parties to the dispute have a valid claim to ownership and therefore a court ordered sale of the property will result in the proceeds being split based on claim ownership. C) The Torrens method will award unencumbered ownership to Mr. Lord because more than three years passed since his purchase of the property. D) The better titleholder will be awarded the real property and Mr. Lord will be made whole again by the title company with a cash settlement

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