141. Which of the following CANNOT be covered under a Commercial Package Policy (CPP)?

OA. Commercial Crime.

OB. Farm.

OC. Commercial General Liability.

OD. Aviation.

142. An individual who acts on behalf of an insurer in negotiating an insurance contract is known as

O A. an actuary.

OB. a producer.

OC. a counselor.

OD. a consultant.

143. What is the term used to describe the tendency for people with a greater-than-average exposure to loss to purchase insurance?

O A. predictable loss

OB. catastrophic loss

O C. adverse selection

OD. insurable interest

144. Of the following, who has the ultimate responsibility to accept or reject applications, review loss experience, and determine policy forms?

OA. Producer

O B. Adjuster

O C. Underwriter

OD. Commissioner

145. Under the Michigan Essential Insurance Act, which of the following classifications may NOT be used by an insurer for rating automobile insurance?

OA. age

OB. type of use

OC marital status

D. claims history

146. While attending a pool party at your insured's home a guest is injured by slipping on the cement surrounding the pool. Which portion of the homeowners policy will pay for the emergency room bill?

OA. First Aid to Others.

OB. Not paid, no coverage.

OC. Personal Injury Protection.

OD. Medical Payments to Others.

147. An insured saves newspapers and keeps them neatly stacked in the family room, near the fireplace. The newspapers are a

O A. peril.

OB. moral hazard.

O C. risk.

O D. physical hazard

148. Under Michigan No-Fault Automobile Coverage, personal injury protection benefits include

O A. loss of income.

O B. damage to property.

O C.reasonable repair cost.

O D. defamation of character.

149. Which of the following is NOT a basic peril on all homeowners forms?

OA. Riot.

B. Smoke.

OC. Volcanic eruption.

OD. Flood.

150. On a commercial package policy (CPP), which of the following is NOT included on the common policy declarations page?

OA. Schedule of vehicles.

O B. The named insured.

O C. The annual premium.

OD. When coverage begins and ends.

151. Proof of financial responsibility may be satisfied by furnishing a certificate of insurance that provides which set of required information?

OA. name of insured, insured's date of birth, and effective date of the motor vehicle liability policy

O B.name of insured, vehicles covered, and effective date of the motor vehicle liability policy

O C. vehicles covered and the effective date of the motor vehicle liability policy

D. name of insured, insured's date of birth, and vehicles covered

152. A conditional insurance contract is defined as one that

OA. requires certain conditions or acts by the insured individual.

O B. requires the insurer to pay benefits to the insured individual.

OC. has fixed terms and conditions.

O D. provides for 'caveat emptor."

153. A business that transports its own cargo and also transports cargo for hire would be referred to as a

A. motor carrier.

B. common carrier.

C. trucker.

D. contract carrier.

154. Which section of an insurance policy clarifies the meanings of certain terms used in the policy?

O A. conditions

OB. declarations

O C. definitions

OD. insuring agreements

155. What section of a policy outlines when a loss will NOT be covered?

O A. conditions

O B. provisions

O C. exclusions

OD. insuring agreement

156. Which coverage form would a condominium unit-owner purchase?

A. HO-3

OB. HO-4

O C. HO-5

OD. HO-6

157. When an insurer appointment with a producer is terminated, the party that MUST notify the producer of the termination is the

A. insurer.

O B. Secretary of State.

O C. local agency.

OD. National Association of Insurance Commissioners (NAIC).

158. What level of agent authority is given when the principal gives the agent authority either orally or in writing?

O A. implied

OB.express

OC. applied

D. apparent

159. Under a homeowners policy, the duties of the insured after a loss to property are contained in which section of the policy?

OA. Insuring agreement.

O B. Conditions.

O C. Definitions.

OD. Coverages.

160. The Dwelling Policy will pay up to what amount for damage to any one tree, shrub, or plant?

OA.$100

OB. $250

OC. $500

OD. $1,000

161. Which of the following can be covered under a business automobile policy?

OA. boat

OB. golf cart

C. hired automobiles

D. all-terrain vehicles

162. Under Michigan No-Fault Automobile, residual liability provides coverage for

O A. defamation of character by the insured.

B. uninsured motorists that injured the insured.

OC. bodily injury caused by the insured.

OD. physical damage to the insured's vehicle.

163. Under the Michigan Essential Insurance Act, which of the following applicants is NOT eligible for home insurance?

OA. The owner-occupant of a house.

B. A tenant in an apartment building.

OC. The nonresident owner of a rental property.

OD. The owner-occupant of a four-unit apartment building.

164. Which of the following is NOT a duty of an insured after a loss?

OA. Supply information to the insurer about the claim, to include the time, place, circumstances, and witnesses.

OB. Notify the insurer.

OC. Assist the insurer in any hearing, trials, or settlements upon request.

D. Indicate insurance availability to other party immediately following accident.

165. Where permitted by state law, employers who can provide satisfactory proof of financial ability may carry their own Workers' Compensation risk are referred to as

A. re-insured.

B. self-insured.

O C. risk-retention group.

OD. risk purchasing group.

166. Which of the following is an element of insurable risks?

O A. risk must be expected

OB. the loss must be calculable

C. risk must be financially insignificant

OD. cost of insurance must be unaffordable

Please provide me correct answers :)