Exam Fx-Property and Casualty Exam with 100% Correct Answers Latest Update

To be considered an insurable risk, a loss may NOT be - Correct answer-catastrophic
Which of the following persons would be required to hold a producer license? - Correct answer-a nonresident agent who negotiates insurance contracts
Which of the following is the oldest known type of insurance? - Correct answer-ocean marine
The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - Correct answer-the difference in the actual cash value as a pair and as a single
Which of the following additional perils is covered under both of the Basic and Broad forms in dwelling policies? - Correct answer-internal explosion
When would a misrepresentation on the insurance application be considered fraud? - Correct answer-If it is intentional and material
A bond is written for a set limit, and the surety will be liable only for this amount. This limit is known as the - Correct answer-penalty