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Iowa final

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

David works in a factory where he is regularly exposed to silica dust. Which of the following conditions is considered an occupational disease?

a)

Silicosis caused by workplace exposure to silica dust

b)

Seasonal flu caught at work

c)

A broken leg from a fall at home

d)

Mental stress unrelated to physical injury

2.

Olivia is reviewing her homeowner's insurance policy and wants to know who is included in the definition of the insured. Who is included?

a)

Bank employees

b)

Resident relatives

c)

Mortgagee

d)

Independent contractors

3.

Daniel is reviewing his property insurance policy and notices a section that lists certain exclusions. Which of the following is an example of an exclusion in his property policy?

a)

Primary vs. excess rules

b)

Insurer must respond to a claim within a reasonable time

c)

Earth movement excluded unless endorsed

d)

Resident relatives included

4.

Luna receives a notice from her insurance company stating that her property policy will not be renewed. According to Iowa law, what must the insurance company provide in this situation?

a)

Advance written notice

b)

Immediate cancellation

c)

Proof of loss

d)

Appraisal invocation

5.

After Charlotte's car was damaged in an accident caused by another driver, her insurance company paid for the repairs. What is the purpose of subrogation in this situation?

a)

To prevent double recovery

b)

To protect customer financial information

c)

To resolve disputes over value

d)

To recover from the at-fault party after paying a claim

6.

Henry owns a large commercial property and is concerned about potential losses from terrorist attacks. He wants to know what protection the Terrorism Risk Insurance Act (TRIA) provides for property owners like him.

a)

Coverage for acts of terrorism certified by the federal government

b)

Protection for customer financial information

c)

Rules for ending coverage

d)

Defense costs in addition to limits

7.

James has two health insurance policies from different companies. He gets injured and files claims with both insurers. What does the 'Other Insurance Provision' prevent in this situation?

a)

Excessive rates

b)

Cancellation of coverage

c)

Fraudulent claims

d)

Double recovery

8.

Nora works at a meat processing plant and develops carpal tunnel syndrome due to repetitive cutting motions required by her job. Which of the following is an example of a covered injury under Iowa Workers’ Compensation?

a)

A pre-existing condition unrelated to work

b)

An injury while running a personal errand on break

c)

A seasonal flu caught at work

d)

Carpal tunnel syndrome caused by repetitive cutting motions

9.

Sophia owns a property in Iowa and has an insurance policy for it. She recently received a notice from her insurer stating that her property policy is being cancelled. Which of the following is a valid reason for cancellation of her property policy under Iowa law?

a)

Change in address

b)

Nonpayment of premium

c)

Request for higher coverage limits

d)

Addition of a new insured

10.

After a severe storm damages Maya's home, what must she do according to her insurance policy conditions?

a)

Notify the mortgagee

b)

Invoke appraisal

c)

Protect property after a loss

d)

Submit proof of loss

11.

William slipped and fell while performing his regular duties at work. What is required for his injury to be covered under Iowa Workers’ Compensation?

a)

It must occur during a personal errand

b)

It must arise out of and occur in the course of employment

c)

It must be an ordinary disease of life

d)

It must be unrelated to job duties

12.

Scarlett is reviewing her new insurance policy and wants to know where she can find the insurer's promise to pay. Which section should she look at?

a)

Conditions

b)

Exclusions

c)

Declarations

d)

Insuring Agreement

13.

Lily is applying for a new insurance policy. The insurer needs to gather information to assess the risk and decide on the terms of her coverage. What is the primary source of underwriting information that the insurer will use?

a)

Proof of loss statements

b)

Mortgagee rights documentation

c)

Applications, inspections, credit reports, loss history

d)

Appraisal reports

14.

Charlotte is reviewing her new property and casualty insurance policy. She wants to know what information she can find in the declarations section. What will she see listed there?

a)

What is not covered

b)

Rules both parties must follow

c)

Insured name, address, limits

d)

Insurer's promise to pay

15.

Anika and Nora own a building together. After a fire damages the property, they disagree with the insurance company about how much the building was worth before the loss. What is the purpose of the appraisal process in their property policy?

a)

To protect property after a loss

b)

To prevent double recovery

c)

To notify the insurer of a claim

d)

To resolve disputes over value