Pennsylvania Property & Casualty Agent Test Prep

All of the following are applicable to absolute liability except: -Dangerous instrumentality -Vicarious liability -Inherently dangerous operations -Animals with a vicious propensity {Ans: Vicarious liability}Which of the following statements is correct about Difference in Conditions (DIC) insurance policies? a. DIC policies always include flood and earthquake. b. DIC policies are typically written through the standard market. c. The purpose of a DIC is to supplement the coverage provided by other property insurance or to fill the gaps in coverage provided by other property coverage forms. d. DIC policies are standard policies usually written with a $5,000 deductible. {Ans: c. The purpose of a DIC is to supplement the coverage provided by other property insurance or to fill the gaps in coverage provided by other property coverage forms.}Which of the following is NOT correct regarding Coverage A? a. Provides coverage for the dwelling b. Provides coverage for an attached breezeway c. Provides coverage for materials and supplies located on or next to the "residence premises" d. Provides coverage for land on which the dwelling sits {Ans: d. Provides coverage for land on which the dwelling sits}All of the following are Unfair Trade Practices activities except: -Comingling of funds