Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Personal Lines

Person Lines Insurance Exam Questions

QuestionAnswer
an AUTOMOBILE COLLISION would be considered: an accident and an occurrence
What is used to modify the coverage provided under an insurance policy? endorsement
Which of the following describes an INSURANCE COMPANY DOING BUSINESS IN A STATE OTHER THAN THE STATE WHERE IT IS INCORPORATED? Foreign
Submitting false proof of insurance to the state can result in the SUSPENSION OF THE owners vehicle registration for how long? 6 months
Under the NFIP policy, all of the following are generally CONSIDERED TO BE FLOODS EXCEPT what? sewer backup
When the insureds home is damaged in a tornado, she is forced to move into a hotel for several days while repairs are mode. The additional expenses the insured incurs for the hotel are considered what? indirect or consequential loss
Under a standard property insurance policy, after the INSURER PAYS IN FULL for DAMAGED PROPERTY, THEY GAIN OWNERSHIP OF THE PROPERTY and have the right to recoup part of their payment through the right of what? salvage
A liability policy has one policy limit that applies to both bodily injury and property damage losses. This is an example of a what? split limit policy
Under the DWELLING FORMS, PERSONAL PROPERTY is generally valued at what? actual cash value
In Alabama, A CANDIDATE FOR A PROPERTY & CASUALTY insurance producer license must complete a pre-licensing course consisting of __________hours, unless exempt from this REQUIREMENT. 40
The CONDITIONS SECTION OF AN INSURANCE POLICY describes the responsibilities, rights and obligations that apply to the policy
The ALABAMA INSURANCE GUARANTY ASSOCIATION IS OBLIGATED TO COVER THE CLAIMS of an INSOLVENT PROPERTY and CASUALTY INSURER that are IN EXCESS OF: $100
WHICH OF THE FOLLOWIG STATEMENTS IS CORRECT? -Every policy sold must cover uninsured motorists. -UIM coverage is in an automobile liability policy unless rejected by the insured. -In Alabama, $25,000 per person and $50,000 per accident All of the above are correct
DEPRECIATION is an element of which METHOD OF VALUATION? Actual Cash Value
Under Alabama law an insurer can cancel an automobile insurance policy for any of the following EXCEPT: Lying on the application for insurance Paying the insurance premium on time Filing a false claim for insurance The insured vehicle is unsafe Paying the insurance premium on time
If an insurance company intentionally PROLONGS THE CLAIMS PROCESS, forcing the POLICYOWNER TO SUE FOR DAMAGES, the company has VIOLATED THE PRINCIPLE OF Utmost Good Faith Insurable Interest Warranties Representations Utmost good faith
Frank owns a POWER BOAT with a 100 HORSEPOWER MOTOR. Which is true of Homeowner's policy? -no property or liability for boat -$1000 property and limited liability -$1500 property for the boat but no liability -both property and liability for boat Frank would have $1500 property coverage for the boat but no liability coverage
A stock insurance company requires all of its agents to purchase stock in the company is owned by stockholders
Liability insurance provides coverage for damages arising out of unintentional torts
The HO-8 form is primarily designed for older homes with substantially equal market value and replacement cost
The insured has a duty to notify the insurance company of a loss within what period of time? promptly
A financial loss suffered because of legal responsibility for the physical injury to, or the death of, another person is covered by bodily injury Liability insurance
If a person borrows someone else's auto and both the borrowed auto and the person's own car are insured under Personal Auto policies, what would be the situation in the event of an accident?
Under the Personal Auto policy, if a CAR IS DAMAGED BY HAIL, THE LOSS IS
COVERAGE D under a standard Homeowner's policy contains coverage for loss of use
What is used to modify the coverage provided under an insurance policy? endorsement
In Alabama, an applicant who fails two examinations for the same line of authority must wait at least ___________to take another exam for that line of authority. three months
Which statements require the absolute literal truth warranties
Created by: mbiggs
Popular Insurance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards