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Personal Lines Final 2025/26 Exam Questions with 100% Correct Answers

HEAL100 Health Care — exam and revision material · Other

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Health Care exam material, 16 pages. Originally published on StudyMerit.

Pages
16
Academic year
2025/2026
Language
English

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PERSONAL LINES FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS/NEWEST UPDATE/GRADE A+ ASSURED. Students also studied Social Science Business Insurance Save Personal Lines Insurance Practice E ... 190 terms internetpuppy Preview Personal Lines Final Exam 78 terms jebronlames Preview Auto Insurance (Video) 25 terms Cassandra_Hiner Preview CHAPT 8 terms lyd What part of the policy lists the rules, duties, and obligations of the insured and insurer? A) Declarations Page B) Insuring Agreement C) conditions D) exclusions C) Conditions The directive that states the violation committed and requires an agent to stop the illegal acitivity is called: A) show cause order B) subpoena C) tort D) cease and desist order D) cease and desist order Extended Coverage (EC) include all of the following perils, EXCEPT: A) wind B) riot C) smoke D) vandalism D) vandalism A device which is used to minimize small nuisance claims, lower insurance premiums, and reduce morale hazards is called: A) arbitration B) deductible C) valued policy D) coinsurance Deductible

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All of the following perils are covered, in a PERSONAL ARTICLES FLOATER (PAF), EXCEPT: A) inherent vice B) flood C) Earthquake D) theft A) Inherent vice The policyholder has a liability of $300,000 and caused an accident injuring one person in the amount of $250,000 and another person in the amount of $150,000. What limit of coverage applies to the loss? A) $150,000 B) $300,000 C) $250,000 D) $400,000 B) $300,000 Eligible vehicles are described in the Personal Auto Policy. Which of the following vehicles is NOT eligible? A) A newly acquired sedan B) an owned SUV C) A van used as a temporary substitute D) a truck used to make deliveries D) a truck used to make deliveries What is the deductible in an UNINSURED MOTORIST CLAIM? A) $100 B) $200 C) $250 D) $500 B) $200 In order for an insurer to meet their obligation to an insured, "insurable interest" must exist: A) At the time the loss occurs B) At the time the application is made for the insurance C) At the time of application or at the time of loss D) at the time of application and at the time of loss A) At the time the loss occurs A customer's response to a question to the best of their knowledge or belief is called: A) warranty B) Material fact C) Misrepresentation D) Representation D) Representation In Virginia, A NAMED DRIVER EXCLUSION (NDE) is: A) available on all auto policies B) Only available by endorsement C) Required to exclude drivers on the policy D) Not available on an auto policy D) Not available on an auto policy

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The purpose of the FAIR plan is to: A) give the federal government a major role in providing insurance B) Make property insurance available for high risk property owners. C) Require complete disclosure of the reasons for cancellations D) Force all insurance companies to participate in an insurance pool. B) make property insurance available for high risk property owners. Which type of watercraft is insurable on a yacht policy? A) barge B) cruise ship C) sailboat D) chartered fishing boat C) sailboat Which of the following is NOT a direct loss? A) fire damage B) water damage as a result of putting out the fire C) Hotel expenses as a result of moving out because of the fire D) smoke damage resulting from the fire C) hotel expenses as a result of moving out because of the fire The right of the insurer to take over the insured's rights to recover fro an at-fault party is known as: A) subrogation B) restitution C) Recovery D) Indemnification A) subrogation How many continuing education hours must an agent complete for insurance ethics in a biennium? A) one B) two C) three D) four C) Three All of the following situations are covered under an Earthquake endorsement EXCEPT: A) Landslides B) Mudflows C) Underground tremors from a volcano D) Earth Sinking B) mudflows Which of the following conditions in a policy prohibits the insured from transferring any rights or duties without the insurers written permission? A) subrogation clause B) liberalization clause C) abandonment clause D) assignment clause D) assignment clause

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