IDAHO PROPERTY AND CASUALTY EXAM
PREP 2024-2025 WITH 150 REAL EXAM
QUESTIONS AND 100% CORRECT ANSWERS/
IDAHO PROPERTY & CASUALTY EXAM
PRACTICE QUESTIONS AND CORRECT
ANSWERS GRADED A(BRAND NEW!!)
Which of the following statements is false with respect to requirements for rates?
- Rates may not be inadequate
- A purpose of the rate regulation is to diminish competition between insurers
- Rates may not be unfairly discriminatory
- A purpose of the rate regulation is to regulate cooperative action among
insurers - ANSWER-B
The Businessowners Coverage Form to the Businessowners Policy provides coverage on which of the following basis?
- Modified Perils
- Simplified Perils
- Broad Perils
- Open Perils - ANSWER-D
Which of the following describes the coverage of the Extra Expense Coverage Form?A It covers the loss of business income during the period of restoration 1 / 4
B It covers the expense of disposing of spoiled merchandise caused by a power outage C It covers the necessary additional expenses incurred during the period of restoration which would not otherwise have been incurred in the absence of a direct loss D It covers the expense of removing the debris of a covered direct loss - ANSWER-C
All of the following are true of negligence, except:
A It is the failure to use ordinary care B It does not require a duty to be owed C It is a type of tort D It does not include breach of contract - ANSWER-B
All of the following are Optional Coverages under the Businessowners Policy,
except:
A Money and securities B Employee dishonesty 2 / 4
C Outdoor signs D Personal property of others that is in the insured's care, custody and control -
ANSWER-D
Policyholder S has an HO-5 policy with a $250,000 Coverage A limit. After a strong wind blows a mailbox into S's front picture window, causing $2,500 damage, S immediately buys $250 of wood and plastic sheeting to cover the damaged window and prevent further damage. How much will S's policy pay?A
$2,250
B
$2,750
C $250 D
$500 - ANSWER-B
The Collision or Running Down Clause in Ocean Marine Insurance covers:
A Collision damage to another vessel when the shipper is liable B Collision damage to the insured vessel when it collides with a pier or fixed object C Damage to the insured vessel caused by running aground 3 / 4
D Collision damage to the insured vessel when it collides with another vessel -
ANSWER-A
Which Ocean Marine insurance provision protects against direct damage caused by bursting of boilers?
A Boiler & Machinery Clause B Inchmaree Clause C Mechanical Failure Clause D Running Down Clause - ANSWER-B
Bodily Injury may include which of the following?A Loss of Earnings B Slander C Invasion of Privacy D False Arrest - ANSWER-A
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