In general insurance, Which of the following best defines an “insured”?

Which coverage is automatically included in a Homeowners Policy but not a Dwelling Policy?

Which of the following does a Flood Policy not cover?

Which would NOT be covered by a Mobile Home Homeowners policy?

How much coverage does a Flood Policy provide for trees?

In a personal Auto Policy, All of the following losses are included under “comprehensive” EXCEPT:

All of the following is true about Inland Marine Policies EXCEPT:

In general insurance, "We will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy." In which section of the insurance policy would this statement be found?

In general insurance, Which of the following statements about insurance is FALSE?

I n general insurance, The transfer of risk from one party to another is called:

In a homeowner's policy, After a loss, all of the following would be required EXCEPT:

Melinda’s home sustained $6,500 in damage when Jared ran into it with his truck. Melinda received $6,500 from her insurance company, and Jared also paid her $5,000. Melinda has now profited from this loss and is in violation of:

In a homeowners policy, The standard mortgage clause of a Homeowners policy affords the mortgage company all the following EXCEPT:

In a Personal Auto policy, If Leonard’s car was stolen, which of the following coverages would pay for the value of the car?

In a homeowners policy, Which of the following is not covered by the Homeowners medical payments?

In a Business Owners policy, All of the following are true regarding the BOP policy EXCEPT:

All of the following are true about Flood insurance EXCEPT: *

Which of the following businesses would be eligible for a Business Owners Policy?

In a Dwelling policy, Which of the following is correct about the Dwelling Form?​

Under the Personal Auto Policy, all the following are considered “Your Covered Auto”, EXCEPT:

In a personal Auto policy, All the following are physical damage exclusions EXCEPT:

Business Income coverage its primary purpose is to indemnify the insured for:

All of the following are true about a Personal Inland Marine Policy except?

Which of the following does a Flood Policy cover?​

In a homeowners policy, Which of the following policy forms automatically provides replacement cost valuation for Coverage C – Personal Property?

In general insurance, Which of the following activities is considered a speculative risk? *

Which of the following statements regarding homeowners' insurance is correct about medical payments?

In general insurance, An economic device used to protect against the risk of realizing unforeseen and extraordinary financial loss is called:

In general insurance, What are the four requirements of a legally binding contract?

In general insurance, All of the following are time element coverages EXCEPT:

In personal auto policy, If Jerry's pickup hits a puddle of rainwater and rolls, which of the following coverages could pay for damages to the pickup?

In general insurance, The Principle of Indemnity is designed to prevent:

In other policies, All of the following are advantages of the Commercial Package Policy EXCEPT:

In an insurance contract, the policyholder gives the insurer _____, and the insurer gives the policyholder ______.

A deductible in a Dwelling Policy would apply to all of the following except:

An adjuster can do all the following in the settlement of the claim EXCEPT:

Stephan’s insurance company denied his recent claim, citing that his cause of loss was not covered. However, according to Stephan’s interpretation of the policy language, his loss could be covered, so he disputed the insurer’s decision. When his case went to trial, the jury also decided the policy language was open to interpretation, so they decided in favor of Stephan. This is because:

In a personal auto policy, If George misses a deer and hits the side railing on the Interstate highway, his insurance company will pay for the damage to his car under what coverage?

A provision in insurance that states that an insured can only be made whole but not profit from insurance is known as the principle of

Written evidence that an insurance policy has been issued is known as

In personal auto policy, The maximum amount that a policy will pay in a policy period is known as

A person or business that manufactures and sells a product makes an implied warranty that the product is safe. Such an entity is said to have:

___________ is the Replacement cost minus depreciation

The self-insured retention (SIR) is also known as:

In general provision, The reduction, decrease or disappearance in value of the property insured in a policy is known as:

In general insurance, Conditions that increase the chance of a loss are known as:

In property insurance, when must insurable interest exist?

What are the two types of compensatory damages? (Choose 2)

In property insurance, the purpose of the ________ is to encourage insureds to insure the property close to it's actual value. *

Which type of hazard arises from the insured's indifference to loss because of the existence of insurance?

______ are the specific causes of loss that are insured against in an insurance policy.

The insurer's legal right to collect damages from a third party after it has reimbursed the insured for a loss is known as:

Consequential losses that result from the time it takes to repair damaged property are known as:

Taking property from the care and custody of another using the threat of force or bodily harm is:

The formula for the coinsurance penalty is:

What is a sworn statement from an insured notifying the insurer about a loss?

In general provision, What are the four elements of an insurance contract?

In general provisions, What part of a policy shows the amount of insurance, premium, and policy terms?

In general provision, What part of an insurance policy contains the insurer's promise to pay a claim?

In an insurance contract, when is the offer usually made?

Which part of an insurance policy would detail the perils that you are not insured against?

In general insurance, What is something of value that each party gives to the other?

Persons who are not named on the Declarations page of a policy but who are protected by the policy are known as what type of insureds?

What is a temporary insurance contract that goes into effect prior to the policy issue?

Information about changes to the policy or return of premium can be found in what section of a policy?

What is the termination of an insurance policy by either party prior to the policy's expiration date?

What is the termination of an insurance policy at the policy's expiration date by not offering a continuation of the existing policy?

When does pro rata liability apply?

In general insurance, What does an endorsement do to an insurance contract?

In general insurance, What is not a duty of the insured after a loss?

What part of an insurance policy sets forth the rules of conduct, duties, and obligations of the parties to the contract?

In insurance, What is an absolutely true statement upon which the validity of the policy depends?

What is the intentional withholding of information of a material fact that is crucial in making a decision and may void a policy?

In a homeowners policy, What HO form covers condominium unit owners?

In homeowners policy, What HO form covers condominium unit owners?

In general provision, What is the typical co-insurance required percentage?

What type of coverage is included in Homeowners policies but not Dwelling policies?

Which dwelling form is called the broad form?

In dwelling policies, within how many years of a loss may an insured bring a lawsuit against the insurer?

Which dwelling coverage form will NOT pay for the replacement cost of a dwelling?

Which dwelling form provides open peril coverage on the building?

Which dwelling policy coverage will insure a garage that's not attached to the primary insured dwelling?

In homeowners policy, How many days will the property removal coverage apply?

What HO Form insures a tenant living in an apartment?

Losses caused by vandalism and malicious mischief are excluded from coverage if a dwelling is vacant for how many days?

Which of the 3 DP forms provides the most limited coverage?

Where can National Flood Insurance be issued?

In dwelling policies, any volcanic activity will be considered part of one occurrence if it all happens within how many hours?

What Homeowners policy form is known as a special form?

Which dwelling policy coverage will provide protection for contents damaged by fire in an insured dwelling?

When a dwelling policy is cancelled for nonpayment of premium, the insurer must give notice within how many days of the cancellation?

According to the liberalization condition, if an insurer makes a change to broaden coverage in newly issued dwelling policies, how will that change affect policies already in force?

What Homeowners policy form is known as contents broad form?

What HO form covers a historic home with replacement cost more than the market value?

What Personal Auto Coverage would pay for the insured's travel expenses and loss of earnings while the insured is involved in the settlement process of a covered loss?

What type of auto coverage will apply in a hit-and-run accident where the driver cannot be identified?

If an insured is injured while driving his own car, what coverage in his personal auto policy will pay for the loss?

If an auto policy has split limits of 30/50/25, how much will the policy pay for property damage in a single accident?

In a personal auto policy, What coverage will apply when the motorist is at fault in an accident, but the limits of his/her auto insurance are not sufficient to cover the bodily injury to another motorist?

What Personal Auto coverage would pay for damages to a covered auto caused by a collision with an moose?

In general insurance, What is a written law passed by a legislative body?

What is an automobile that is used for private needs rather than for business uses?

Term for the person granting a lease of a motor vehicle

In general provisions, What is the term for being unable to meet financial obligations?

In a personal auto policy, Transportation Expenses will be paid as long as the coverage is indicated in the:

The personal umbrella policy defines an insured as all of the following EXCEPT

In a personal auto policy, All of these are categories of autos EXCEPT

In a personal auto policy, Which part is Duties after a Loss?

In a personal auto policy, Which part is for General Provisions?

Part B: Medical Payments must be rendered within how many years?

In general provisions, Which of the following terms refers to the acts of soliciting insurance, making an insurance contract effective, and dealing with matters arising from that contract?

In GA state regulation, What are producers required to do in order to renew their license? *

In general provision, Which of the following best describes an insurance company that has been formed under the laws of Georgia?

In general provision, When doing business in Georgia, an insurance company that is formed under the laws of another state is known as what type of insurer?

In general insurance, What type of insurer is incorporated outside of the United States?

In general insurance, Which of the following must an insurer obtain in order to transact insurance?

In insurance, Which of the following insurers are owned by stockholders?

In insurance, Which of the following insurers are owned by their policyowners?

A(n) ________ is a person authorized to sell, solicit, and negotiate insurance contracts

In insurance, If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be:

In general insurance, Which of the following entities has the power to issue Certificates of Authority?

In general insurance, Which of the following is another term for an authorized insurer?

In GA State Regulations, How is the Commissioner of Insurance selected to be the chief officer of the Department of Insurance in Georgia?

In GA State Regulations, What is the title of the chief officer of the Department of Insurance?

In general insurance, Authorized insurance companies are examined by the Commissioner at least once every:

In GA State Regulations, How long is the Commissioner's term of office?

In GA State Regulations, Transacting insurance without a license in Georgia is considered a:

In Georgia state regulations, what is the maximum fine for transacting insurance without a license?

In insurance, When an insurance company engages in an Unfair Trade Practice, the Commissioner can: (Choose 2)

In GA State regulations, The violation of a Cease and Desist order may result in a fine of:

In a personal auto policy, If a driver completes defensive driving courses, how long will the discount apply to their premiums?

In a personal auto policy, If a driver completes defensive driving courses, how much of a premium discount will they receive?

In Georgia, what are the minimum requirements for bodily injury and property damage in auto insurance?

An auto owner in Georgia has motor vehicle coverage with the limits of 25/50/25. All of the following are true EXCEPT:

If a policy is cancelled due to nonpayment of premium, how many days' advance notice must the insurer give the policyholder?

If a policy is going to be nonrenewed, how many days' advance notice must the insurer give the policyholder?

In personal auto policy, A binder is effective for a period of?

Which of the following would be considered an unfair trade practice? (Pick all that apply)

An agent offers a client free tickets to a sporting event in exchange for the purchase of an insurance policy, what is the agent guilty of?

In property insurance, what is the purpose of a coinsurance clause?

In insurance, How is actual cash value calculated?

In insurance, What are the three types of hazards? (Choose 3)

In insurance, What is defined as "forced entry into another's premises with felonious intent?"

In insurance, Conditions that increase the chance of a loss are:

If an insured peril was the proximate cause of loss, what type of loss is it?

In insurance, A tornado that destroys a home is an example of a(n):

In insurance, Which type of risk is insurable?

TRUE OR FALSE: The injured party needs to prove negligence in cases of absolute liability

In general insurance, What is a risk?

The insurer's legal right to recover damages from a 3rd party after reimbursing insureds for a loss is:

In insurance, If a manufactured product is unsafe, what type of liability applies to the manufacturer?

In property insurance, when must insurable interest exist?

A policy that covers all causes of loss except for those specifically excluded is known as a(n):

What type of limits of liability has the limits separately stated for different coverages?

In insurance, What is NOT an example of a pure risk?

In general insurance, What is the specified dollar amount an insured must pay before the insurer will pay the policy benefits?

In general insurance, What are the two types of compensatory damages: (Choose 2)

What is an absolutely true statement that, if found to be false, can void the policy?

In insurance, what does the term "unilateral contract" mean?

In a insurance contracts, when is the offer usually made?

What is the insurers consideration in an insurance contract?

in general provision, Where is the policy period stated in an insurance policy?

In insurance, What is a temporary contract that goes into effect prior to the policy issue?

In an insurance policy, What part of a policy contains the insurer's promise to pay a claim?

In insurance provision, What are the insured's duties after loss? (Choose 2)

In insurance, Information about changes to the policy or return of premium can be found in what section?

In insurance contracts, when does acceptance usually occur?

Where can National Flood Insurance be issued?

Which Homeowner's policy form is known as "Special Form"

Which of the following is NOT a type of coverage available in Dwelling Policies?

What Homeowner's policy form is known as "contents broad form" because it only covers the contents, not the structure?

What are some exclusions found in all 3 dwelling forms? (Choose 3)

If 4 volcanic eruptions happen within 62 hours, and each contributes to property damage, how many deductibles will apply in the dwelling policy?

A basic dwelling policy automatically provides coverage against what?

Which dwelling form is called the Broad form?

What type of coverage is automatically included in Homeowner's policies, but is not in Dwelling policies (except by endorsement)?

What is defined as "misplacement or loss of property without knowledge as to the location, time and cause of loss"?

Which dwelling coverage form will pay for the replacement cost of a dwelling?

In general, what do Homeowner's policies cover?

For certain HO forms to provide coverage, a dwelling must be insured for at least what percentage of the replacement cost?

Why does HO-4 not provide dwelling coverage?

Who is NOT considered insured under Part A: Liability of a personal auto policy?

In a Personal Auto Policy, to what geographical region does the out-of-coverage apply?

If an auto policy has liability limits of 25/50/25, what would the equivalent combined single limit?

If an auto policy has split limits of 20/40/10, what is the maximum amount the policy will pay for injuries to a single person in a single accident?

What type of auto coverage will apply in a hit-and-run accident where the driver cannot be identified?

What personal auto coverage would pay for damages to a covered auto cause by collision with a fox?

Rental reimbursement endorsement is available only if an auto policy has what type of coverage?