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Exam Quiz

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

Coverage for Damage to Your Auto

a)

Part E

b)

Part D

c)

Part A

d)

Part B

2.

Under Part D, Within how many days must an insured report the purchase of a new

vehicle that is replacing an existing vehicle covered by collision coverage?

a)

4

b)

5

c)

14

d)

15

3.

A ____________vehicle is a covered vehicle when Your Covered Auto is being

repaired due to a covered loss.

a)

Temporary substitute

b)

Substitute

4.

The insurer will not settle or defend any claim or suit asking for damages.

a)

True

b)

False

5.

The insurer will defend or settle any suit or claim that is not covered under this policy.

a)

True

b)

False

6.

The limit shown in the Declarations is the most the insurer will pay in any one accident, regardless of the number of:

a)

Claims made

b)

Insureds

c)

Vehicles involved in the accident

d)

all of the above

7.

The limit of liability is the most paid by the insurer regardless of all of the following,

except:

a)

Number of vehicles involved

b)

Number of insureds

c)

Amount of surcharge to be applied to the policy

d)

Premiums shown

8.

Occupying – Means in, upon, getting in, getting on, getting out, or getting off a vehicle.

a)

True

b)

False

9.

A family member includes a ward or

foster child.

a)

True

b)

False

10.

An uninsured motor vehicle is any of the following, except:

a)

A vehicle that does not have insurance

b)

A company car

c)

A vehicle insured by an insolvent insurance company

d)

A vehicle with liability limits less than the state requirement

11.

The upset of the covered vehicle or a non-owned auto, or its impact with another

vehicle or object, such as a tree.

a)

Accident

b)

Peril

c)

Collision

12.

The insurer will pay, without application of a deductible, a maximum of $___ per day, up

to $___, for transportation expenses incurred because of a collision or comprehensive loss.

a)

30/600

b)

40/500

c)

20/400

d)

20/600

13.

The insurer’s limit of liability for a vehicle damaged by a loss under Part D is which

of the following?

a)

Actual cash value

b)

Replacement value

c)

The lesser of actual cash value and replacement value

d)

The greater of actual cash value and replacement value

14.

Comprehensive covers all of the following losses, except:

a)

Theft

b)

Contact with a deer

c)

Falling objects

d)

Rollover

15.

Which of the following is not a duty of the insured if the insured’s vehicle is damaged

when it hit a tree?

a)

Promptly notify the insurance company

b)

Submit a proof of loss

c)

Submit to a physical exam

d)

Call the police

16.

Bankruptcy or insolvency of an insured does not relieve the insurer of its obligations under the policy.

a)

True

b)

False

17.

The policy automatically terminates if the insured, or a legal

representative, fails to accept or pay for a renewal or continuation of the policy.

a)

Cancellation

b)

Automatic Termination

c)

Non-renewal

d)

Other Termination

18.

If an insurer non-renews an insured’s policy for underwriting reasons, what is the

minimum number of days’ notice to the insured? (auto)

a)

30

b)

60

c)

45

d)

20

19.

Designed for larger vessels, many of which have crew

members.

a)

Yacht Policy

b)

Boatowners Policy

20.

Section I of the Boatowners policy provides what type of coverage for the hull?

a)

Actual cash value

b)

Open perils

c)

Replacement cost

d)

Stated value

21.

In order to be considered a single occurrence, the Earthquake endorsement covers all

earth movement that occurs within what time period?

a)

36 hours

b)

72 hours

c)

48 hours

d)

12 hours

22.

(Personal Umbrella Policy) Coverage is usually written in increments of $_____, with a single limit per occurrence

covering claims for both Bodily Injury/Property Damage, and Personal Injury in excess of the

insured’s underlying policy limits.

a)

$500,000

b)

$250,000

c)

$1,000,000

d)

$750,000