PSI Practice Test

What is it called if someone plugs too many electrical cords into a single outlet?

How does the BOP differ from the CPP?

Which of the following is the party who agrees to be responsible for loss in the case of a fidelity bond?

Which part of the commercial general liability designates who is an insured?

declarations

Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT

The claims-made liability form provides coverage from a date that precedes the policy effective date. Which of the following defines that date?

An extended reporting period attached to a general liability policy provides coverage in which of the following ways?

An insurance company's right to cancel a policy is often limited by state laws but is generally permitted under which of the following conditions?

Which of the following describes why the insuring agreement is the heart of an insurance policy?

Which coverage forms are used when the insured sustains loss of revenue due to direct physical loss from a peril insured against that forces the insured to suspend operations during the period of restoration?

Which of the following homeowners forms covers tenants?

Which of the following forms trigger coverage for a loss under the commercial general liability policy if a loss happens during the policy period?

What does an application for insurance contractually represent for the insured?

A single earthquake constitutes all shocks that occur within which time period?

Which of the following business liability exposures does a slip and fall loss fall under?

When does the coverage begin for a builders risk form?

Which of the following situations under dwelling policy conditions describe how the insurance company will settle a loss?

Which of the following persons is covered for accidental injury on the insureds premises under the commercial general liability medical payments?

Appraisal

Dwelling Under Construction Endorsement

Implied

Salvage

Certificate

Driving neighbors auto

Breakage of glass

Coverage B

Which policy condition is invoked when parties to an insured loss cannot agree?

Arbitration

Per occurrence

Direct loss

Spouse

Provisions

$100,000

per occurrence

Vehicle upset

The insured has a commercial auto policy with a drive other car broadened coverage liability for named individuals (DOC) endorsement. In which of the following would the named individual be covered?

Coverage C

moral hazard

loss

insurance company