La State Property And Casualty Insurance Exam Answers Pdf

98. Under Coverage E - Scheduled Farm Personal Property, livestock that is not specifically insured is limited to a coverage limit of (Choose from the following options) 1. $500 per head. 2. $1,000 per head. 3. $2,000 per head. 4. $2,500 per head. {Ans: 2. $1,000 per head}Workers compensation statutes require employers to meet capital reserves requirements sufficient to pay any claims that might arise. Employers can meet such obligations through all of the following EXCEPT a) Self-insurance plans. b) Assigned risk plans. c) Competitive state funds. d) Second injury funds programs. {Ans: d) Second injury funds programs. Second injury funds are a method by which employers manage the risks associated with the hiring of previously injured potential employees.}Which of the following statements is true concerning underinsured motorist coverage under a personal auto policy? a) Coverage applies only to the extent that the underinsured motorist limits exceed the bodily injury limits carried by the operator of the other vehicle. b) It will pay up to the limits of insurance for any loss which involves an underinsured driver. c) Limits must equal the bodily injury limits of the policy. d) Limits may differ from the limits for uninsured motorist