2-20 General Lines Agents Pre-Licensing Course Final Exam

The Terrorism Risk Insurance Act (TRIA) created a federal “backstop” for insurance claims related to acts of terrorism. What event triggered TRIA?

Jim Smith has just purchased a Condominium and calls your agency to purchase a policy.

Which policy type will you sell to Mr. Smith?

Surgical Expense Insurance covers which if any of the following?

Brian Neptune, your Homeowners insured, has purchased a small watercraft (16 feet long) with a small outboard motor (25 horsepower) and he is concerned about a lawsuit should he damage another boater. He specifically wants to know if his Homeowners policy will provide any Liability coverage.

Connie, your insured, has called to make a mid-term change to her Homeowners Insurance policy a few days before hurricane season begins. Specifically she wants to lower her Hurricane Deductible from 5% to 2%.

Which Health Insurance coverage continuation provision states the policy is not cancellable during the term but can be non-renewed at expiration?

Craig Gorney has suffered a compensable Theft loss and is in need of a replacement for his stolen vehicle. You advise Craig that the Transportation Expense coverage begins ___ hours after a Theft loss.

In the Personal Auto Policy (PAP), Bodily Injury Liability coverage pays for:

Lucille Struthers, your insured, has purchased a brand new vehicle which is a substitute vehicle for her old broken down pickup truck. The finance company is requiring Comprehensive and Collision coverage to be placed on the vehicle. How many days does Lucille have to add the vehicle to her policy?

In a phone conversation you have told John Clayton he has insurance coverage with a company your agency represents.

Can you, as John’s agent, bind coverage for John orally?