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Idaho Property and Casualty Insurance Exam Study Questions and Answers Updated Latest (Verified Answers)
1.another name for insurance agent is:
principal producer broker recorder
: producer
2.another name for insurer is:
principal producer broker policymaker
: principal
3.The Broad Form Products Coverage endorsement in commercial auto poli- cies does which of the following?Adds property coverage Removes the defective products 1 / 4
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exclusion Adds the defective products exclusion Removes property coverage
: Removes the defective products exclusion
4.All of the following conditions must exist for injury or damage to be included in the products and completed operations hazard of a commercial general liability policy EXCEPT The injury or damage must occur after the insured has released physical possession of the product to another.The injury or damage must occur within 90 days after the insured's work is completed.The injury or damage must occur away from the inured premises.The injury or damage must arise out of the insured's product or work.
: The injury or damage must occur within 90 days after the insured's
work is completed.*The products and completed operations hazard included injuries or damage that occur after the insured has completed its job and left the site, or relinquished control of t product it manufactured or sold. There is no time limit on the injury or damage. 2 / 4
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5.CGL Coverage B (Personal and Advertising Injury) will cover 3 / 4
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An offense committed by an insured whose business is advertising.Inadvertent injury to others caused in the course of advertising the insured's product.The failure of goods o conform to advertised quality or performance.Oral or written publication of material the insured knows is false.
: Inadvertent injury to others caused in the course of advertising the
insured's product.
6.An applicant knowingly fails to communicate information that would help an underwriter make a sound decision regarding coverage. This is an
example of:
Concealment Misrepresentation Fraud Breach of warranty
: Concealment
7.When a parent is required to pay for damages caused by his or her children, this is an example of Strict liability Intervening cause
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