Business > EXAM > Exam Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers (All)

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Exam Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers

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To be considered an insurable risk, a loss may NOT be - ✔✔catastrophic Which of the following persons would be required to hold a producer license? - ✔✔a nonresident agent who negotiates ins... urance contracts Which of the following is the oldest known type of insurance? - ✔✔ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - ✔✔the difference in the actual cash value as a pair and as a single Which of the following additional perils is covered under both of the Basic and Broad forms in dwelling policies? - ✔✔internal explosion When would a misrepresentation on the insurance application be considered fraud? - ✔✔If it is intentional and material A bond is written for a set limit, and the surety will be liable only for this amount. This limit is known as the - ✔✔penalty In insurance, an offer is usually made when - ✔✔the application is submitted All of the following actions by a producer may be grounds for license revocation or nonrenewal EXCEPT - ✔✔participating in controlled business In personal auto policies, the term "you" refers to - ✔✔the named insured Business personal property coverage form covers all of the following except: - ✔✔automobiles held for sale in dwelling policies, automatic increase in insurance is - ✔✔coverage by endorsement To be eligible for businessowners policy (BOP) coverage, an office building CANNOT be higher than - ✔✔6 stories Elaborate homes with replacement costs greater than ACV or market value are insured on the - ✔✔HO-8 Form [Show More]

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