Wyoming Property & Casualty Producer Exam Questions And Answers

HO-6 {Ans: Condominium owners Does not insure the dwelling but does include limited coverage A for inside walls and floors (minimum 5000)}Definition: Limit of Liability {Ans: Maximum coverage limit listed on declarations page}Definition: Special (Open) Peril {Ans: All perils covered with listed exceptions}Definition: Material misrepresentation {Ans: A determining or material factor used in the insurer's decision to accept the risk}Exclusions of Coverage C {Ans: Animals, birds, and fish Aircraft Motor vehicles, other than those used to maintain the premises Boats, other than rowboats and canoes Accounts, bills, currency, evidence of debt, money, credit cards, and securities Rental property that is part of the apartment}Definition: Domestic Insurer {Ans: The state where a company is incorporated & headquartered}Coverage C {Ans: Personal Property Covers the insured's personal property that is at the described location and is usual to the dwelling policy. (If the property is a rental, a tenant's property is not covered)}Homeowners - Coverage A {Ans: Dwelling Covers dwelling, structures attached to the dwelling, materials and supplies for use in the construction or repair of the dwelling or other structures at the location, and building or outdoor equipment used to service the premises}DP-1 Coverages