Risk Management and Insurance > QUESTIONS & ANSWERS > EXAMFX PROPERTY AND CASUALTY| 976 QUESTIONS WITH 100% CORRECT ANSWERS (All)

EXAMFX PROPERTY AND CASUALTY| 976 QUESTIONS WITH 100% CORRECT ANSWERS

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EXAMFX PROPERTY AND CASUALTY| 976 QUESTIONS WITH 100% CORRECT ANSWERS 1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acq... uired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. Correct Answer 2. Coverage by endorsement. 2. Personal business property out in the open is covered under Commercial Property Policy only while (Choose from the following options) 1. Within 150 feet of the described premises. 2. Within 100 feet of the described premises. 3. Located on the described premises. 4. Specifically described on the declarations. Correct Answer 2. Within 100 feet of the described premises. 3. Under a Commercial Crime Coverage Part, following a covered loss, the insured must submit a written proof of loss within (Choose from the following options) 1. 60 days. 2. 90 days. 3. 120 days. 4. One year. Correct Answer 3. 120 days. 4. Which of the following provisions requires an insurer to document all correspondence with an insured? (Choose from the following options) 1. Claims settlement 2. Entire contract 3. Errors and omissions 4. Unfair trade practices Correct Answer 3. Errors and omissions 5. Which statement is true regarding Workers Compensation law in California? [Show More]

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