Georgia Property and Casualty Insurance Exam Questions and Answers (Latest Update
Question 1: The arbitration clause in a personal auto policy
would be used in which of the following circumstances?
- The ins company and a pedestrian struck by the insured's
- The insured and an injured 3rd party cannot reach an
- The court have ruled against an injured 3th party.
- The insured and an injured 3rd party cannot reach an
auto cannot reach an agreement regarding the settlement of a claim.
agreement regarding the settlement of a claim.
agreement regarding the settlement of a claim.
CORRECT ANSWER : A. The ins company and a
pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim.
Question 2: Which of the following bonds protects an
employer from the actions of dishonest employees?
- Surety
- Fidelity
- Fidelity
CORRECT ANSWER : B. Fidelity
Question 3: A dwelling has been vacant for more than 60
consecutive days. Which of the following would most likely NOT be covered?
- Vandalism
- Smoke
- Fire
- Falling Objects
CORRECT ANSWER : A. Vandalism
Question 4: While in her backyard, Susan injuries her foot on
a rake left by her landscapers. What part of the CGL policy will protect the owner of the landscaping company?
- Operations exposure
- Products Liability
- Completed operations liability
- Premises exposure
CORRECT ANSWER : A. Operations exposure
Question 5: Premium computation is found in which section
of the workers' compensation policy?
- Part 3
- Part 5
- Part 1
- Part 2
CORRECT ANSWER : B. Part 5
Question 6: Once an injured employee has received benefits
provided under workers' compensation, that employee may not file a suit against her employer to gain additional benefits.This is the def. of
- Contributory negligence
- the fellow servant rule
- Assumption of risk
- Exclusive remedy
CORRECT ANSWER : D. Exclusive remedy
Question 7: The purpose of the basic extended reporting
period in a commercial general liability (CGL) "claims-made" policy is to provide