Ga Property & Casualty insurance exam Questions and Answers (Solved Papers) To control the outbreak of general liability mold claims, insurers introduced endorsements that limited coverage for mold. Which of the following is such an endorsement? - Correct Answers ✅limited fungi or bacteria coverage endorsement Regarding the commercial general liability (CGL) policy, which of the following correctly describes the primary difference between the Pollution Liability Coverage Form Designated Sites (CG 00 39) and the Pollution Liability Limited Coverage Form Designated Sites (CG 00 40) endorsements? - Correct Answers ✅Form CG 00 39 provides coverage for pollution cleanup costs whereas form CG 00 40 provides no coverage for cleanup costs The primary insurance regulatory activities of state insurance
departments include all of the following EXCEPT: - Correct
Answers ✅arresting unethical producers With a business auto policy (BAP), what symbol needs to appear on the declarations page to provide coverage for the rental cars used by the business? - Correct Answers ✅8 -- Hired Autos Only How does the business auto policy (BAP) respond when an employee is driving the employer's delivery truck and is involved in an accident that doesn't hurt the driver but does injure a co-worker who is a passenger in the vehicle? - 1 / 3
Ga Property & Casualty insurance exam Questions and Answers (Solved Papers) Correct Answers ✅It denies coverage under the fellow employee exclusion.Which of the following statements regarding written and oral binders is correct? - Correct Answers ✅Both types are legally binding, but a written binder is preferable because it reduces the likelihood of a dispute over terms.What organization developed a standard workers compensation and employers liability insurance policy, which is used in the majority of states? - Correct Answers ✅National Council on Compensation Insurance Suzanne, an attorney, receives a binder after she pays her first premium on a professional liability policy. The binder is dated May 1. On June 1, she receives her policy. When does the binder expire, if ever? - Correct Answers ✅June 1 George hires Hank, whom he knows is not lawfully present in the United States. Hank is George's only employee and he purchases a workers compensation policy to comply with the state's compulsory workers compensation laws. If Hank is injured on the job, how will George's workers compensation insurer respond? - Correct Answers ✅It will deny coverage.Which of the following penalties may the Commissioner impose if, after a hearing, he or she determines that an agent 2 / 3
Ga Property & Casualty insurance exam Questions and Answers (Solved Papers) has committed an unfair trade practice? - Correct Answers ✅Terminate an agent's license An insurer can legitimately cancel an auto liability policy for which of the following reasons? - Correct Answers ✅The condition of the insured auto has changed significantly during the term of the policy.
Transportation expenses cover up to: - Correct Answers
✅$20 per day with a maximum of $600 Tricia hosts a lawn party. She knows property owners are obligated to protect people on their property from harm and that different degrees of care are required depending upon the circumstances. To whom does Tricia owe the greatest duty to exercise care? - Correct Answers ✅Candy, who is delivering floral centerpieces ordered by Tricia Matt's auto insurer denied a liability claim because the person seeking reimbursement is not an "insured" under Section A - Liability of Matt's auto policy. Which of the following submitted the claim? - Correct Answers ✅Matt's roommate, after he totaled his own uninsured car Though she lives in a high crime area, Hilda rarely locks the door to her apartment when she goes out, figuring that whatever she owns of value is insured and can be easily
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