Chapter 23. Answers to Practice Exam 2

Quick Check Answer Key 2

1. D

2. C

3. D

4. B

5. D

6. B

7. A

8. B

9. B

10. B

11. A

12. C

13. D

14. C

15. D

16. B

17. C

18. A

19. C

20. D

21. B

22. B

23. D

24. C

25. C

26. D

27. D

28. D

29. D

30. A

31. B

32. A

33. B

34. B

35. C

36. C

37. B

38. C

39. C

40. C

41. B

42. C

43. A

44. D

45. D

46. D

47. B

48. B

49. C

50. D

Answers and Explanations

A1:

Answer D is correct. The term “time element coverage” is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, yet it is related to the time it takes to repair, rebuild, or restore the damaged property. Many factors can influence the ultimate loss, including the availability of supplies and replacement parts. ...

Get Property and Casualty Insurance License Exam Cram™ now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.