Insurance Exam Prep (Part One)

A tornado would be

An insured owns a large dog. The first day he has to leave the dog home alone to go to work, the insured comes back to find his $400 couch torn apart, his $100 coffee table chewed up, his $50 window curtain shredded, and a $200 window pane shattered where his dog jumped through. The insured has personal property coverage under a special form dwelling policy. How much of this loss will the policy cover?

An individual was convicted of vehicular manslaughter. As a result, the Department may not issue her a driver’s license for up to

When an employee benefit plan pays the premium for a fiduciary liability policy, what provision must be included in that policy?

In a personal umbrella policy, the amount payed by the insured for certain losses not covered under the primary coverage is called

Agent P has a life license. How many hours of CE must be completed to complete Agent P’s requirement?

Once the agent’s appointment with the insurer has been terminated, how soon must the insurer mail a notice of termination to the agent?

How long is a waiting period for disability income benefits under the workers compensation insurance

What is the maximum length of time that a surviving spouse of a deceased worker may receive benefits?

The designated symbols used in commercial auto policies can be found in which policy section

What is the minimum amount of coverage provided by the transportation expenses coverage endorsement in personal auto policies?

What is the maximum penalty that could be imposed on an agent for an unintentional violation of Virginia insurance law?

When an insurer cancels a commercial liability policy for non-payment of premium, the insured must be notified within what time period?

What is the business auto coverage territory for?

An agent is convicted of a felony in another jurisdiction. Within what period of time must the agent report the felony charge to the Commission?

A grave marker was damaged by vandals. It would cost $3,000 to have the damages repaired. Under these circumstances, how much would a homeowners policy pay?

An insured condominium unit owner wants to purchase fire and extended coverage for personal property and liability coverage for himself and his family members. He should purchase

Which of the following coverages in dwelling and homeowners policies is for indirect losses?

The insurer must be able to rely on the statements on the application, and the insured must be able to rely on the insurer to pay valid claims. In the forming of an insurance contract, this is referred to as

Where is the policy period stated?

The part of the policy that sets forth the rules of conduct, duties, and obligations of the parties is called the

A basic dwelling policy automatically provides coverage against fire, lighting, and

If an insurer makes a change to broaden coverage in a dwelling policy while it is in effect, the changes will apply

Which loss listed below would be fully covered by a homeowners policy?

Which of the following losses would be covered by an unendorsed homeowners policy?