Ohio Property & Casualty Insurance Xcel Exam Questions And Answers

Under ERISA law: {Ans: A bond for a minimum of 10% of the amount being managed must be purchased by whoever handles funds under an employee pension plan.}Bodily injury is best defines as: {Ans: bodily harm, sickness, disease}Which of the following uses of a detached garage is permissible under the terms of Coverage B in a Dwelling Policy? {Ans: A non-tenant of the insured rents the structure as a private garage.}A contract is considered void in all of the following situations EXCEPT {Ans: When consideration is unequal}The standard deductible of a Dwelling Policy is {Ans: $500}Which of the following perils is not a Basic Form (DP-1) peril? {Ans: Explosion}