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NPPE Exam Dumps : National Professional Practice Examination (NPPE) Exam

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National Professional Practice Examination (NPPE) Exam Questions and Answers

Question 1

As used in relation to liability policies, the term 'duty to Indemnify" refers to the

Options:

A.

insurer's obligation to pay claims within the scope of the policy

B.

Insurer's obligation to pay the legal fees and other costs of defending a claim

C.

insured party's obligation to pay the legal fees and other costs of a serious claim

D.

Insured party's obligation to attend court to defend himself or herself and to provide required information

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Question 2

What is the term used to refer to a special form of contract whereby one party guarantees the performance by a second party of certain obligations and what is the term used to refer to the first party?

Options:

A.

The contract is a surety and the first party is referred to as the bond.

B.

The contract Is a bond and the first party Is referred to as the surety.

C.

The contract Is a surety and the first party is referred to as the oblige.

D.

The contract is a bond and the first party is referred to as the principal.

Question 3

Ethics is the study of

Options:

A.

morality

B.

history

C.

duties

D.

laws