CAS Data Insurance Series Courses – Insurance Accounting (DISC IA) Practice Test

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• What is the result of a violation of a policy condition at one location under the Control of Property Condition?
• Why is it important for the insured to manage repair or disposal of damaged property?
• What is the primary purpose of Good Samaritan laws?
• Which of the following is included in the Broad Form coverage?
• What does Personal Injury Protection (PIP) coverage provide?
• What is the aim of the Additional Coverage Endorsements in CGL policies?
• What defines an insurable loss exposure as being independent and not catastrophic?
• What is the formula for calculating actual cash value (ACV)?
• In terms of financial statements, where can forward-looking information typically be found?
• Who typically requires the Railroad Protective Liability Coverage Form?
• What liability does Payment card liabilities coverage under third-party coverages address?
• What is the primary focus of management accounting?
• Which liability concept indicates that multiple parties can be held responsible for the same injury?
• What does the Legal Action Against Us condition stipulate?
• What does the Coverage B in Railroad Protective Liability Cover?
• What is a key provision of the Affordable Care Act regarding preexisting conditions?
• What is a scenario where liability coverage may apply even if the insured is not legally responsible?
• When can an insurer choose to repair or replace lost or damaged property?
• What happens to an insurer that falls into insolvency?
• What happens when insured terrorism-related losses exceed the industry retention threshold?
• Which type of product defect involves the use of poor-quality materials or shoddy assembly?
• What type of coverage does a CGL offer for injury caused by an employee while operating business equipment?
• Which limits does the Designated Location(s) General Aggregate Limit provide?
• What is the maximum payment for damage to property of others under the additional coverages?
• What condition must be met for UIM endorsements to apply in a limits-trigger state?
• Under which circumstances does an exculpatory clause become enforceable?
• Which of the following activities is classified as ultrahazardous?
• In the case of separate limits and a single occurrence damages multiple items, how is the deductible applied?
• What defines a reinstatement premium obligation?
• What does reputation management coverage aim to restore for an organization?
• What type of annuity is designed to make its first benefit payment at one payment interval from the date of purchase?
• Which assertion of accounting ensures that financial information is accurately valued?
• What is the purpose of Part B: Medical Payments Coverage in a PAP?
• Which type of life insurance provides lifetime protection and accrues cash value?
• What is NOT included in the NAIC International Insurers Department's standards for nonadmitted insurers?
• What does the Abandonment Condition prohibit the insured from doing?
• Which scenario would be covered under Coverage F?
• What does Coverage F cover?
• What does GAAP refer to in accounting?
• Which accounting framework is primarily used by investors, creditors, and business owners?
• Which of the following is NOT a benefit of the Affordable Care Act?
• Which payment plan feature often leads to the inclusion of service or financing charges?
• Which type of changes to existing policies would affect unearned but not earned premium?
• What type of coverage applies specifically for claims made by passengers in owned aircraft?
• What is required for a valid claim of trespass?
• What is a principle aim of the regulatory defense coverage under third-party coverages?
• What does actual cash value (ACV) subtract from replacement costs?
• The functional valuation approach is most suited for which of the following?
• What is a primary requirement for an insurer regarding risk-based capital (RBC) calculations?
• What does the BPP coinsurance provision require typically?
• Which situation is specifically excluded under Coverage E?
• Which type of liability does Coverage A in CGL specifically address?
• Which of the following is NOT a financial solvency core principle?
• In an evaluation of liability, what is the purpose of determining categories such as clear, probable, or doubtful?
• What type of vehicles does the Miscellaneous Type Vehicle Endorsement typically cover?
• Which of the following is not a duty of the injured party under Coverage F?
• Which of the following conditions requires notification to the insurer?
• What is one reason insurers implement exclusions in their policies?
• Coverage C in a CGL policy is designed to cover which of the following?
• Why is the combination of Agreed Value and blanket insurance preferred?
• What does Coverage C apply to in homeowner policies?
• What type of coverage addresses claims of unfair discrimination or harassment by non-employees of an organization?
• What action can a state insurance department take against an insurer that violates laws?
• What type of insurer is owned by its policyholders and does not have capital derived from stock?
• How does an endorsement for covering lienholders' interests work?
• Which of the following is an example of a nuisance?
• What distinguishes slander from libel?
• Which principle is embodied in a contract of indemnity?
• What type of reporting does the balance sheet represent in insurer financial statements?
• What does it mean if a driver is categorized as a high-risk driver?
• What does the Electronic Data Liability Endorsement specifically apply to?
• What advantage do international package policies generally offer?
• What method is used to establish a value for severely damaged inventory?
• What is a key feature of the Uniform Contribution Among Joint Tortfeasors Act?
• What can result in exclusion under the liability coverages of an HO-3 policy?
• What information is included in the Declarations of a Personal Auto Policy (PAP)?
• What does the liability coverage on owned aircraft exclude?
• What must a plaintiff show to prove an invasion of privacy?
• What is a required condition for res ipsa loquitur to apply in a negligence case?
• Which of the following is a category of personal property subject to lower sublimits under Coverage C of the HO-3 policy?
• Which of the following describes a split deductible?
• Which of the following applies to distributions from nonqualified annuities?
• What aspect of loss reserves not covered by the unearned premium reserve can potentially lead to acquiring new liabilities?
• Which activity is NOT typically a duty of state insurance departments?
• Which liability coverage is designed to pay for bodily injuries sustained by an uninsured motorist?
• Replacement cost refers to which of the following?
• What is the primary purpose of the Damage to Property of Others coverage?
• What does the Coverage for Damage to Your Auto provision allow antique car owners to do?
• What is a feature of joint underwriting associations (JUAs)?
• Insurers have responded to HIPAA by ensuring coverage for which of the following?
• What is the primary purpose of a commutation agreement in reinsurance?
• What factor is essential for the CGL's medical payments to be applicable?
• Which coverage does the Extension of Replacement Cost specifically not apply to?
• What is the key characteristic of pure comparative negligence?
• What is the key characteristic of a ministerial act?
• What happens if an organization has pollution loss exposures not covered by the CGL form?
• Which exclusion specifically relates to the use of a vehicle for transportation network platforms?
• What is the role of the National Association of Insurance Commissioners (NAIC)?
• What common allegation do insureds make against insurers concerning claim handling?
• What is the feature of variable universal life insurance regarding guaranteed interest rates?
• What is a stated exclusion regarding non-owned autos in physical damage coverage?
• What factor can cause a deficiency in recorded loss reserves?
• In which scenario would intra-policy stacking apply?
• What is a premium deficiency reserve intended to prevent?
• Coverage E in homeowner liability coverage pertains to which of the following?
• What type of properties might require a functional valuation approach?
• Which of the following is NOT a loss payment option?
• What is considered a 'temporary substitute auto' under the PAP?
• What type of injury is covered under Coverage F?
• Why may one reserve (loss or unearned premium) be deficient without the other being affected?
• Which product defect involves the manufacturer's failure to warn about dangers?
• What does the term "insuring agreement" refer to in an insurance policy?
• Under which condition is a landowner not liable for injuries caused by natural conditions on their property?
• Which type of law requires prior approval for new rates above a specified percentage?
• Which exclusion does not apply to family members under Uninsured Motorist (UM) coverage?
• What type of loss does the Miscellaneous Type Vehicle Endorsement Part D exclude?
• What does a model law represent in insurance regulation?
• What is the purpose of the liberalization clause in an insurance policy?
• What happens if a withdrawal from a qualified annuity is made before age 59.5?
• What is the purpose of a reinsurance facility?
• What is a primary advantage of annuities?
• What is typically covered under the term "collisions"?
• What is the result when a covered cause of loss occurs due to an error in production, such as an explosion?
• What defines an administrative act?
• What typically triggers the automatic termination of a policy?
• Which driving factor can lead to a discount in insurance premiums?
• What does the Control of Property Condition state regarding policy coverage?
• Which accounting concept relates to changes requiring special disclosures?
• What does the final premium of a CGL policy depend on after the policy has expired?
• In strict liability, what is the basis for liability?
• What defines a high-risk driver?
• Which of the following is a limitation of the Newly Acquired or Constructed Property extension?
• Which plan includes the right to sue after receiving PIP benefits?
• What must be proven as a proximate cause in a negligence claim?
• In a negligence claim, what must a plaintiff prove regarding the duty of care?
• Which of the following is an example of retrospective reinsurance?
• What is a key limitation concerning coverage for outdoor property?
• What does exclusion h. under mobile equipment imply in CGL policies?
• What does the Designated Construction Project(s) General Aggregate Limit provide?
• Which of the following is NOT covered under Coverage C?
• Which statement best describes the liberalization clause?
• What happens if the Insured makes a claim on an ACV basis under the Replacement Cost option?
• In a joint and survivor annuity, what happens after the first annuitant dies?
• Who is typically NOT covered under a CGL policy if the named insured is an entity?
• What does “the thing speaks for itself” imply in legal terms?
• What does intentional infliction of emotional distress require for a successful claim?
• What is the primary purpose of general damages in a lawsuit?
• What type of coverage is typically mandated under no-fault laws?
• What happens if the audit reveals the earned premium is less than the original estimate?
• Which is NOT a characteristic of an ultrahazardous activity?
• Which of the following is an example of expanded liability concepts?
• Which factor is NOT known to contribute to insurer insolvency?
• Which of the following is NOT a main provision typically included in an insurance policy?
• What is a traditional health insurance plan primarily characterized by?
• What is a major characteristic of the Increased Cost of Construction coverage?
• What is a criterion of qualitative accounting information focused on clear communication?
• Which of the following is NOT a type of coverage offered in a Personal Auto Policy?
• What is an example of a complication that affects written premium?
• What type of insurance policies may be candidates for non-pro rata earned premium recognition?
• What is a common characteristic of cyber liability coverage?
• In a negligence lawsuit, who has the burden of proof to establish their defense?
• Which type of policy would be most suitable for a client needing coverage common to a large number of insureds?
• What does third-party coverage in cyber risk insurance specifically insure against?
• Which life insurance type is most likely to suit someone with uncertain cash flow?
• What is meant by 'adequacy of representation' in class action lawsuits?
• What type of insurance claims are generally covered by state guaranty funds?
• What constitutes a public nuisance?
• What type of insurer provides coverage that may not be admitted but operates in other states?
• What is required to avoid a coinsurance penalty under blanket insurance?
• What typically characterizes decreasing term life insurance?
• Which is a common practice defined as unfair competition?
• Which of the following emphasizes the need for comparability and consistency in financial reporting?
• Which of the following actions could lead to being held liable for nuisance?
• For which type of animals does strict liability typically apply?
• What is the purpose of the Additional Insured endorsement for Owners, Lessees, or Contractors?
• What does the provision "No Benefit to Bailee" ensure regarding bailee liability?
• What must occur for supplementary payments to be valid under a CGL policy?
• What is a characteristic of add-on plans?
• Which of the following is a defense against defamation claims?
• What type of financial loss does a property insurance policy cover?
• What does the Nuclear Energy Liability Exclusion Endorsement eliminate coverage for?
• Which approach minimizes the need to reverse written premium estimates from previous years?
• Which of the following statements best describes a retrocession?
• Which of the following is an exclusion for liability coverage under Part A of the PAP?
• What does the health savings account (HSA) typically fund?
• Which type of damages awards money for specific, identifiable expenses?
• Which organization typically contracts with healthcare providers to offer comprehensive services at a fixed cost?
• What type of property is excluded from personal property coverage due to sublimits?
• In insurance terms, what best defines a general lessee?
• What is an indemnity plan characterized by?
• In a situation where the plaintiff is found 30% at fault and the damages amount to $100,000, what would the final awarded damages be under the 50 percent comparative negligence rule?
• What happens to the deductible if a business personal property loss exceeds its limit?
• How is audit premium typically characterized during the audited premium period?
• What does additur refer to in legal proceedings?
• What are declarations in an insurance policy primarily used for?
• What can court decisions lead insurers to do regarding their policies?
• What defines an uninsured motor vehicle?
• What type of vehicle is excluded from coverage under Part A of the PAP?
• Under what conditions can personal property be evaluated for actual cash value?
• What is required for an individual to have an insurable interest in a property?
• What does the Liquor Liability endorsement do?
• What modification applies to the natural-conditions rule concerning trees in urban areas?
• How are state guaranty funds typically accrued?
• What is a primary factor in auto insurance rating?
• What does it mean when an insurance policy is described as a contract of adhesion?
• What does the collateral source rule state regarding damage recovery?
• What type of insurer is an insurer that is incorporated within the same jurisdiction it operates?
• What is an intervening act?
• When is revenue recognized under the Asset-Liability approach?
• For which types of policies is the insurance-to-value provision applicable?
• What does negligence per se refer to?
• When does the insurer have a duty to cover claims?
• All of the following are exclusions under Coverage B EXCEPT:
• Which endorsement extends coverage to a relative in an assisted living facility?
• What must a plaintiff demonstrate for the foreseeability rule to apply?
• What is the main purpose of a manuscript form in insurance?
• What does the retrospective approach in deposit accounting evaluate?
• What accounting approach can be used for earning premium before it is actually written?
• What doctrine treats children as licensees rather than trespassers concerning harmful artificial conditions?
• How is coverage handled for vehicles owned by family members available for the insured's regular use?
• What is the "but for" rule primarily used for in legal claims?
• Who is covered under fiduciary liability insurance?
• What is the penalty for not taking Required Minimum Distributions (RMDs) from qualified annuities?
• Who is typically not insured under bailee liability policies?
• What unique feature is included in the occurrence version of the CGL form?
• Under the Transportation Network Driver Coverage, when is PAP coverage provided?
• What is one characteristic of term life insurance?
• Which type of annuity begins payout at some time in the future?
• Which cause of loss is unaffected by the Utility Services Exclusion if it originates on other premises?
• What is required from the insured based on the premium audit?
• What does the concurrent causation doctrine emphasize in insurance coverage?
• How does the Separation of Insureds condition benefit an insured?
• What best describes an Exclusive Provider Organization (EPO)?
• What is subrogation in the context of insurance?
• How is an Other Than Collision (OTC) insurance claim defined?
• What does a component parts schedule do in an aircraft policy?
• What can influence the adequacy of the unearned premium reserve?
• Which term describes a type of term life insurance that protects a mortgage?
• What triggers the Utility Services Exclusion?
• What does the term "concurrent causation" refer to in insurance?
• Who qualifies as a party with insurable interest?
• Which of the following supplementary payments may be covered by the insurer?
• Which of the following does not constitute an uninsured motor vehicle?
• What does TRIPRA stand for?
• Which of the following does the BPP generally exclude regarding electronic data?
• What standard is employed in the reasonable person test?
• For mutual insurers, what is an important requirement that states may impose regarding applications?
• What duty does the insured have after an occurrence?
• When multiple auto policies from the same insurer apply to the same accident, what is the insurer's limit of liability?
• Which of the following is considered a peril in terms of property loss?
• What is the function of the Auto Loan/Lease Coverage endorsement?
• What does the broad evidence rule require in legal cases concerning actual cash value?
• Which process ensures that income and expenses are recognized in the same period?
• What can happen to the insured if a third party pays to repair the damaged property?
• What is the role of a bailee in a bailment agreement?
• Which definition applies to decelerated depreciation?
• What is the first step in evaluating liability according to standard procedures?
• When does coverage end under the Limited Transportation Network Driver Coverage (No Passenger) endorsement?
• What must a plaintiff prove in a concert of action case?
• Which approach is commonly used for estimating losses in property lines with quick claims processing?
• What defines a private nuisance?
• What type of report does a bordereau represent?
• In the context of extended reporting endorsements, what is important about claims reported during the policy term?
• Which of the following can cause an asset to lose value without wear and tear?
• How does the Inflation Guard option function in BPP coverage?
• Which of the following correctly describes how total payments could exceed the insurance limit under specific limits?
• What is a key feature of a Preferred Provider Organization (PPO)?
• What is one effect of modified no-fault plans on lawsuits?
• Which of the following best defines chattel?
• What happens if the tenant does not promptly repair improvements?
• What is the primary function of policy conditions regarding insurance coverage?
• What does the slight versus gross negligence rule allow in relation to a plaintiff's recovery?
• Vicarious liability can occur between which of the following parties?
• What kind of events can result in covered collision insurance claims?
• What impact does marital status have on auto insurance rates for young drivers?
• What is the purpose of liability coverage in a business context?
• Who benefits from passenger voluntary settlement coverage?
• Which of the following best describes supplementary payments in a liability insurance policy?
• Which of the following best describes a joint venture?
• What does a split-limits basis provide in an insurance policy?
• What advantage do managed-care plans offer customers?
• When certain types of insurance become unavailable, what is one of the historical examples mentioned?
• What kind of liability is considered under the principle of vicarious liability?
• Which feature allows a policyowner to borrow against their whole life insurance?
• Which term describes an action taken with complete discretion and judgment?
• What type of coverage shifts the burden of proof to the insurer?
• What is the minimum coinsurance requirement for coverage extensions to apply?
• What is the potential impact of increased cost of construction endorsement?
• What does the CGL emphasize regarding property damage claims related to pollution?
• In which case might a landowner have a duty to warn a trespasser?
• What does a "Difference in Conditions" (DIC) provision cover?
• What is the limit for medical payments coverage in an insurance policy?
• What do fiduciary liability insurers typically exclude regarding employee contributions?
• How is selling price utilized in insurance coverage?
• For which situation can a court award punitive damages in products liability cases?
• How is a premium deficiency reserve reflected in U.S. GAAP accounting?
• What is NOT a concern of insurance regulation?
• Which type of claims does the Pollution exclusion eliminate coverage for?
• What is the minimum aggregate insured loss necessary for TRIPRA compensation to begin in a year?
• How does a cyber extortion coverage function?
• Which of the following is specifically excluded from CGL coverage regarding mobile equipment?
• Which of the following accurately defines battery?
• What is the duty called that an injured party has to minimize further injury or loss?
• How often has Congress reauthorized the Terrorism Risk Insurance Act since its initial passage?
• What is one of the features required to certify a lawsuit as a class action?
• What is remittitur in legal terms?
• What is Open Perils coverage designed to insure against?
• What is the concept of conspiracy in the context of liability?
• Which of the following would most likely be classified as special damages?
• The exclusion of certain losses due to "flood" helps mitigate which type of risk?
• What is unique about the percentage deductible in property insurance?
• Which of the following is NOT a covered cause of loss in the Causes of Loss—Basic Form?
• In BPP, when is the deductible applied?
• In a straight-life annuity, when do payments cease?
• Which type of negligence rule requires the plaintiff's negligence to be lesser for damages to be awarded?
• For what purpose are premium service charges typically recorded?
• How is an insurer's deductible calculated under TRIPRA?
• What do liquidated damages represent in a contractual agreement?
• What is the primary characteristic of a 50 percent comparative negligence rule?
• Which of the following describes the act of trespass?
• In comparative negligence, how is the financial burden of damages shared?
• What is the agreed value provision typically used for?
• How does the severability of insurance condition function within a homeowners policy?
• What was the primary purpose of the Terrorism Risk Insurance Act of 2002 (TRIA)?
• In property insurance, what is meant by 'debri removal'?
• Which type of insurance is excluded from TRIPRA's loss-sharing program?
• What is the focus of strict liability cases in products liability?
• In universal life insurance, what are the three death benefit options?
• How are ceded reinsurance premiums treated under GAAP for income statement purposes?
• What is a consequence if a building is vacant for more than 60 days before a loss occurs?
• What do special limits of liability refer to?
• Which principle emphasizes a more relevant but potentially less reliable valuation method for assets?
• What occurs under Automatic Termination if a named insured does not renew their policy?
• The deferral-matching approach in accounting is designed to:
• When applying specific limits of insurance, what does the declaration show?
• What is one reason state investment laws limit insurers' investments?
• What does the burden of proof in a negligence case require from the plaintiff?
• What is included under Coverage A of HO-3 Property Coverage?
• What does the term 'property in transit' refer to?
• How does the concept of Good Samaritan differ from general negligence laws?
• Which entity typically audits the financial statements of insurers?
• Which method do state insurance departments use to evaluate insurers?
• What is the basic principle behind transportation expense coverage?
• Which type of depreciation occurs more rapidly when an item is first purchased?
• Which type of damages addresses emotional distress and loss of enjoyment?
• How is defamation categorized when expressed in writing?
• What does the Liquor Liability exclusion apply to?
• Which group is responsible for determining the levels of care in negligence cases?
• What is the primary focus of unfair trade practices acts?
• What is the primary purpose of a homeowners policy excluding aircraft liability?
• What is a primary characteristic of large deductible policies in terms of premium?
• What is one duty of a homeowner after a loss?
• Which of the following is an exclusion under Uninsured Motorist (UM) coverage?
• Which of the following is excluded from HO-3 Liability?
• What governs the solvency requirements for insurers?
• What is a typical example of recoverables in insurance?
• How does a Point-of-Service (POS) plan primarily differ from an HMO?
• What type of tort involves failure to act in a prudent manner?
• What is a significant benefit of whole life insurance policies?
• Which statement best describes modular policies?
• What is the maximum annual aggregate amount for government and insurer liability under TRIPRA?
• In a situation involving concurrent causation exclusions, what happens to the covered loss?
• What is a common funding method for deferred annuities?
• What is the implication of comparative negligence in strict liability suits?
• Which of the following is not a requirement for establishing a joint venture?
• What characteristic describes a contract of utmost good faith?
• How can the determination of comparative negligence impact a claim?
• What rights does a mortgage holder retain during the insured’s act or default?
• Which type of annuity refunds the balance if total payments do not meet the initial investment at the annuitant’s death?
• What is a key feature of at-fault automobile laws?
• How long after an injury does Coverage F provide medical payments?
• Which of the following is governed by the NAIC Credit for Reinsurance Model Law?
• What can a landowner be liable for if they alter their land in a way that creates hazards?
• What is a key benefit of having an international insurance policy?
• What is the purpose of an exculpatory clause in a contract?
• What does the substantial factor rule help determine?
• Bailee liability policies are designed to protect bailees against what type of liability?
• What is a primary function of the statute of repose?
• During which part of a warranty policy is the likelihood of claims generally higher?
• Which of the following conditions allows for medical payments coverage when an insured is involved in an accident?
• When does the insurer typically recognize a retroactive premium endorsement?
• In no-fault states, what must an injured person prove to collect payment for bodily injuries?
• What is the formula for calculating book value?
• What does exclusion n. in the CGL policy cover concerning recalled products?
• What is a key objective of insurance industry regulation?
• What is the primary method for determining payouts under insurance-to-value provisions?
• What are punitive damages primarily intended to achieve?
• What is the legal implication when an owner of a vicious dog knows it can harm others?
• What does a survival statute allow for in wrongful death cases?
• Under which loss settlement method is the replacement cost of damage paid?
• What does the temporary custodian coverage extend to under a deceased named insured's CGL form?
• What is a characteristic of the subrogation provision in an insurance policy?
• What is a commonly contained document in an insurance policy that typically outlines additional terms or features?
• In a commutation agreement, how is the final payment generally accounted for?
• Which of the following is NOT a recognized defense in products liability lawsuits?
• What does the 'deception' aspect of unfair competition involve?
• Which of the following is an example of a peril excluded under Coverages A and B?
• What is the Federal government's compensation share under TRIPRA once the deductible is exceeded?
• Which accounting framework primarily focuses on the needs of tax authorities?
• Why have margin clauses become less of a concern for underwriters regarding blanket insurance?
• Under what circumstance does fire legal liability coverage apply?
• What must a risk retention group do to write insurance in other states?
• Which of the following is NOT covered under the Auto Loan/Lease Coverage endorsement?
• What tax implication applies to gains under qualified annuities?
• What does Fidelity Insurance primarily cover?
• Which of the following best describes a surrender charge?
• In what situation can employees or their family members file a tort claim against an employer?
• Which rule states a plaintiff's harm must be a natural and probable consequence of the defendant's actions?
• In the context of joint tortfeasors, what does joint liability imply?
• What happens to the portion of the written premium associated with past coverage periods?
• What does the exclusion of obligations under worker's compensation usually contain regarding COBRA?
• What legislation governs retirement and employee benefit plans, imposing fiduciary status on administrators?
• What type of bond is required by ERISA for all fiduciaries?
• What principle defines the liability for ultrahazardous activities?
• Who qualifies as an insured under Part A of a Personal Auto Policy?
• In deposit accounting, what happens when the conditions of risk transfer are negligible?
• What is a blanket limit in the context of insurance coverage?
• What is a requirement for insurers in terms of financial reporting?
• What type of losses does the Water Exclusion specifically address?
• What happens to coverage if an unnamed spouse of the named insured moves out of the household?
• Which of the following defines gross negligence?
• In terms of insurance, what describes the cost of a property without accounting for wear and tear?
• Which of the following is a common issue with non-admitted coverage in international insurance solutions?
• What does the Loss or Damage to Products exclusion primarily eliminate coverage for?
• Which act reauthorized TRIA through 2027?
• What is required for a charge of false imprisonment to be valid?
• What additional coverage is provided under Coverage D?
• Which of the following items is covered under Coverage B of the CGL Coverage Form?
• What type of liabilities does Coverage A in the Railroad Protective Liability Coverage Form include?
• What might reduce damages in a defamation case?
• Which of the following would be considered an additional rating factor for automobile insurance?
• What triggers the start of coverage for transportation expenses under a Personal Auto Policy?
• What is a characteristic of life annuities?
• What must a policyholder do after a loss to prevent further damage?
• When is an auto considered 'your covered auto' under the PAP?
• What is another term for trade libel?
• Under HIPAA, what requirement is placed on group health plans?
• Which type of policy typically has risk concentrated in specific months of the year?
• Which policy typically covers the interests of both the owner and the bailee?
• Why might an insured choose to add a passenger exclusion to their Miscellaneous Type Vehicle endorsement?
• What type of coverage does a Commercial General Liability (CGL) policy provide for damages caused by a valet parking service?
• Which system is primarily based on fault when seeking compensation for auto accident victims?
• Which accounting principles are mandated by an insurer’s domiciliary state?
• What principle prevents a person from recovering damages if their own negligence contributed to the harm?
• Which legal concept requires that defendants must act cooperatively for a concert of action claim?
• What is typically not covered in data recovery costs under cyber risk insurance?
• How is liability for toxic torts typically established?
• What does the statute of limitations regulate?
• What defines the concept of a joint tortfeasor?
• What is the term used for payments made for expenses that accompany physical loss?
• Which concept deals with the valuation of an asset based on current market price?
• What kind of premium is specifically impacted by changes in the insured's business sales?
• What is the treatment for billed premiums received before the effective date?
• What can lead to the insolvency of insurers despite regulatory reviews?
• Which components are usually included in Consumer-Directed Health Plans (CDHP)?
• What does the term "pure risk" refer to in insurable loss exposures?
• Which of the following describes a liability policy provision?
• What is the bank deposit approach based on?
• What is the primary focus of the tort of conversion?
• Which condition must a mortgageholder meet to obtain coverage?
• In some jurisdictions, what is the defense against strict liability suits that involves knowing about the potential danger?
• What is a key feature of the Agreed Value option in property insurance?
• What is one instance of legislation that mandates certain provisions in insurance policies?
• What does "deposit accounting" imply in terms of financial reporting?
• Which "all-risks" coverage applies only while the aircraft is on the ground and not moving under its own power?
• What defines a hazard in the context of property loss?
• What distinguishes the 49 percent comparative negligence rule from the 50 percent rule?
• What distinguishes variable universal life insurance from other types?
• What type of insurance can risk retention groups write?
• What does a 'trustee' legally hold?
• Which term refers to an interest in property that allows it to be sold to satisfy a debt?
• Which category signifies that the insured is at fault for an incident?
• What term describes insurers that are not licensed in the insured's home state?
• In legal terms, what does 'immunity' refer to?
• Which of the following is an example of a reason for an insurer to use exclusions?
• What is a primary difference in licensing between producers and claims representatives?
• Who is typically covered under Medical Payments Coverage in an auto insurance policy?
• What is covered under Employee Benefits Liability Coverage?
• In the event of an accident, what constitutes the duties required after the accident under the PAP?
• Which legal doctrine allows negligence to be inferred from an accident?
• Which formula is used to calculate incurred losses?
• Why are class actions considered in cases with small damage amounts?
• What do ISO's unmanned aircraft exclusion endorsements do?
• What does the severability of interests provision in directors and officers liability policies accomplish?
• Which method of policy sharing is used when multiple policies apply at the same level?
• What is the primary function of a reciprocal insurer?
• Which of the following is considered a form of injurious falsehood?
• Whole life insurance policies allow policyowners to access their cash value in what manner?
• What is the effect of interference with economic advantage?
• What does a Controlled Master Program (CMP) aim to ensure?
• What type of endorsement is needed for home-sharing exposures?
• What is the primary purpose of an inflation guard endorsement?
• How does the statute of repose differ from the statute of limitations?
• How is the unearned premium recorded when extensions of claim reporting timeframes occur?
• What does 'twisting' refer to in insurance practices?
• Which coverage is offered to cover expenses and liability related to violent attacks on a workplace?
• How long does the Newly Acquired or Constructed Property extension automatically cover new buildings?
• What does the income statement primarily reflect in insurer financial statements?
• Which of the following is included in BPP Additional Coverages?
• How does the Loss or Damage to Products exclusion handle errors in the production process?
• What do loss reserves cover in relation to policy periods?
• What is typically required for foreign and alien insurers in terms of licensure?