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Idaho Property and Casualty Personal Lines Insurance Exam Questions and Answers Updated Latest (Verified Answers) 1.Which of the following statements is false with respect to requirements for rates?A)Rates may not be inadequate B)A purpose of the rate regulation is to diminish competition between insur- ers C)Rates may not be unfairly discriminatory D)A purpose of the rate regulation is to regulate cooperative action among insurers
ANS: B
2.All of the following are true of negligence, except A It is the failure to use ordinary care B It does not require a duty to be owed C It is a type of tort D It does not include breach of contract 1 / 4
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ANS: B
3.Policyholder S has an HO-5 policy with a $250,000 Coverage A limit.After a strong wind blows a mailbox into S's front picture window, causing $2,500 damage, S immediately buys $250 of wood and plastic sheeting to cover the damaged window and prevent further damage. How much will S's policy pay? A
$2,250
B
$2,750
C $250 D $500
ANS: B
4.Bodily Injury may include which of the following? A Loss of Earnings B Slander C Invasion of 2 / 4
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Privacy D False Arrest
ANS: A 3 / 4
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5.Notic e of premium or coverage changes must be sent out with days' notice.A 21 B 25 C 14 D 30
ANS: D
6.All of the following are covered perils under the Extended Coverage En- dorsement to the DP-1, except A Vehicles B Weight of ice, snow or sleet C Windstorm D Volcanic eruption
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