Exam Fx, Va Property & Casualty Insurance Exam | 303 Questions And Answers | 100% Verified

Exposure {Ans: A unit of measure used to determine rates charged for insurance coverage.}Which of the following is NOT true about earthquake coverage? A. Coverage may be added to property policies by endorsement B. Coverage may be written in a Difference of Conditions policy C. Coverage is commonly provided through a federally-funded program D. Coverage is excluded by most property forms {Ans: C}Submitting to a medical exam when requested {Ans: In the event of a claim under commercial general liability policy, the insured has all of the following duties to the insurer except}A specific coverage part is listed on the commercial package policy declarations page, but there is no premium shown. What does that mean? A. Coverage is automatic B. There is no coverage C. Coverage applies without premium D. There must be a misprint on the form {Ans: B}Exposure Units {Ans: used as measure of rating units or the premium base of risk (Exposure units multiplied by the rate results in the premium)}A plasterer has finished a job. What kind of liability would protect him if the plaster falls and hurts someone because he did not do the job correctly? A: Professional E &