Ad Banker Property And Casualty Comprehensive Exam Questions & Answers 2023/2024

6.1 Under the Personal Auto Policy, a family member is defined as which of the following? A. A person who is a resident of a household and related by blood, marriage or adoption B. A member of the named insured's immediate family, regardless of place of residence C. A person related to the named insured who has frequent use of the insured automobile D. A person using the insured automobile with the named insured's permission {Ans: A person who is a resident of a household and related by blood, marriage or adoption}12.4 The Collision or Running Down Clause in Ocean Marine Insurance covers: A. Damage to the insured vessel caused by running aground B. Collision damage to the insured vessel when it collides with a pier or fixed object C. Collision damage to another vessel when the shipper is liable D. Collision damage to the insured vessel when it collides with another vessel {Ans: Collision damage to another vessel when the shipper is liable}9.2 Which of the following is true regarding the Supplemental Extended Reporting Period? A. It covers occurrences that take place after the policy term, during the Supplemental Extended Reporting Period B. The charge for the