Ky Property & Casualty Insurance Exam Questions And Answers (Latest Update 2024)

Which of the following is a statutory defense? a) intervening cause b) contributory negligence c) comparative negligence d) assumption of risk {Ans: Comparative negligence}After a storm dumps several inches of snow, an insured spends several hours clearing his sidewalk and driveway. Later that night it begins to sleet. Before the insured can clear his walks again, his neighbor slips and falls while walking past the insured's house, breaking his arm. Which defense will reduce recovery for the neighbor's injury? a) comparative negligence b) statute of limitations c) intervening cause d) contributory negligence {Ans: Intervening cause}Insurance is the transfer of: a) peril b) risk c) loss d) hazard {Ans: Risk}Which of the following would NOT be classified as personal property for insurance purposes? a) furniture b) a house c) a vehicle d) equipment {Ans: A house}What will happen if a house covered by a standard mortgage clause is a total loss? a) the insurer pays the mortgagee according to the mortgagee's interest in the property b) the mortgagee retains no rights to any contracts involving the policy c) the insured receives the full benefit and passes the mortgagee's share to the mortgagee d) the mortgagee receives the