PROPERTY & CASUALTY QUESTIONS
AND ALREADY PASSED ANSWERS
2026 UPDATED.
The arbitration clause in a personal auto policy would be used in which of the following
circumstances?
A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement
regarding the settlement of a claim.
B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of
a claim.
C. The court have ruled against an injured 3th party. - Answer B. The insured and an injured
3rd party cannot reach an agreement regarding the settlement of a claim.
Which of the following bonds protects an employer fro the actions of dishonest employees?
A. Surety
B. Fidelity - Answer B.Fidelity
A dwelling has been vacant for more than 60 consecutive days. Which of the following would
most likely NOT be covered?
A. Vandalism
B. Smoke
C. Fire
D. Falling Objects - Answer A. Vandalism
While in her backyard, Susan injuries her foot on a rake left by her landscapers. What part of the
CGL policy will protect the owner of the landscaping company?
A. Operations exposure
B. Products Liability
C. Completed operations liability
,A. Part 3
B. Part 5
C. Part 1
D. Part 2 - Answer B. Part 5
Once an injured employee has received benefits provided under workers' compensation, that
employee may not file a suit against her employer to gain additional benefits. This is the def. of
A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - Answer D. executive remedy
The purpose of the basic extended reporting period in a commercial general liability (CGL) "
claims-made" policy is to provide
A. additional time for the insured to make monthly reports of information for rating purposes
B. coverage for events that have happened before the policy became effective
C. coverage for events that happened up to 5yrs after a claims-made policy has expired
D Coverage for events that have happened after the retroactive date, but which were not within
60days of policy expiration - Answer D. Coverage for events that have happened after the
retroactive date, but which were not within 60days of policy expiration
What is the purpose of the employer's liability section of a workers' comp plicy ( part 2) ?
A. pay for lawsuits filed by an employer
B. Pay for benefits that are normally required by state workers' comp laws
C. Pa for 3rd-party claims filed against a negligent employer - Answer B. Pay for benefits that
are normally required by state workers' comp laws
Truckers who transport hazardous materials are required to have an endorsement called
, D. Form 1099 - Answer A. Form MCS-90
Which of the following is NOT a use of auto symbols in the commercial auto policy?
A. To determine how coverage will apply to vehicles acquired after the policy effective date
B. To determine which rating territory applies to the covered autos
C. To custom the policy to the insured's needs by selective the appropriate coverage - Answer
B. To determine which rating territory applies to the covered autos
Coverage for fungi, wet rot, and bacteria on a business-owner policy is limited to
A. 12k per policy limit
B. 15k per policy limit
C. 15k per occurrence
D. 25K per policy period - Answer B. 15k per policy limit
The insured's property ins policy has a deductible clause. This Means that
A. the insured deducts any claim payment recieed from the next ins
B. any losses paid a third party are deducted from the policy limit
C. The insured must pay a certain amt for each loss incurred under the policy - Answer C. The
insured must pay a certain amt for each loss incurred under the policy
All of the following are insured contract under the commercial general Liability (CGL) policy
EXCEPT
A. lease of business equipment
B. elevator maintenance agreement
C. agreement to indemnify a municipality
D railroad sidetrack agreement - Answer A. lease of business equipment
Which is a characteristic of the businessowners policy (BOP?
AND ALREADY PASSED ANSWERS
2026 UPDATED.
The arbitration clause in a personal auto policy would be used in which of the following
circumstances?
A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement
regarding the settlement of a claim.
B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of
a claim.
C. The court have ruled against an injured 3th party. - Answer B. The insured and an injured
3rd party cannot reach an agreement regarding the settlement of a claim.
Which of the following bonds protects an employer fro the actions of dishonest employees?
A. Surety
B. Fidelity - Answer B.Fidelity
A dwelling has been vacant for more than 60 consecutive days. Which of the following would
most likely NOT be covered?
A. Vandalism
B. Smoke
C. Fire
D. Falling Objects - Answer A. Vandalism
While in her backyard, Susan injuries her foot on a rake left by her landscapers. What part of the
CGL policy will protect the owner of the landscaping company?
A. Operations exposure
B. Products Liability
C. Completed operations liability
,A. Part 3
B. Part 5
C. Part 1
D. Part 2 - Answer B. Part 5
Once an injured employee has received benefits provided under workers' compensation, that
employee may not file a suit against her employer to gain additional benefits. This is the def. of
A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - Answer D. executive remedy
The purpose of the basic extended reporting period in a commercial general liability (CGL) "
claims-made" policy is to provide
A. additional time for the insured to make monthly reports of information for rating purposes
B. coverage for events that have happened before the policy became effective
C. coverage for events that happened up to 5yrs after a claims-made policy has expired
D Coverage for events that have happened after the retroactive date, but which were not within
60days of policy expiration - Answer D. Coverage for events that have happened after the
retroactive date, but which were not within 60days of policy expiration
What is the purpose of the employer's liability section of a workers' comp plicy ( part 2) ?
A. pay for lawsuits filed by an employer
B. Pay for benefits that are normally required by state workers' comp laws
C. Pa for 3rd-party claims filed against a negligent employer - Answer B. Pay for benefits that
are normally required by state workers' comp laws
Truckers who transport hazardous materials are required to have an endorsement called
, D. Form 1099 - Answer A. Form MCS-90
Which of the following is NOT a use of auto symbols in the commercial auto policy?
A. To determine how coverage will apply to vehicles acquired after the policy effective date
B. To determine which rating territory applies to the covered autos
C. To custom the policy to the insured's needs by selective the appropriate coverage - Answer
B. To determine which rating territory applies to the covered autos
Coverage for fungi, wet rot, and bacteria on a business-owner policy is limited to
A. 12k per policy limit
B. 15k per policy limit
C. 15k per occurrence
D. 25K per policy period - Answer B. 15k per policy limit
The insured's property ins policy has a deductible clause. This Means that
A. the insured deducts any claim payment recieed from the next ins
B. any losses paid a third party are deducted from the policy limit
C. The insured must pay a certain amt for each loss incurred under the policy - Answer C. The
insured must pay a certain amt for each loss incurred under the policy
All of the following are insured contract under the commercial general Liability (CGL) policy
EXCEPT
A. lease of business equipment
B. elevator maintenance agreement
C. agreement to indemnify a municipality
D railroad sidetrack agreement - Answer A. lease of business equipment
Which is a characteristic of the businessowners policy (BOP?
