PERSONAL LINES FINAL 2025/26 EXAM QUESTIONS
WITH 100% CORRECT ANSWERS!!
An agent who offers a rebate to a prospective insured may be charged with a Class A misdemeanor and
be subject to a fine of up to:
A. $10,000
B. $2,000
C. $5,000
D. $6,000 - answer;C. $5,000
The Commissioner of Insurance does not require a state licensing examination for which of the
following:
A. A resident producer
B. A sole proprietor who is 19 years of age
C. A Corporation desiring a producer's license
D. A limited insurance agent selling travel accident insurance - answer;D. A limited insurance agent
selling travel accident insurance
A neighbor is bitten by your Labrador retriever and sues you for $100,000. Which of the following HO
forms would cover the loss?
A. HO2
B. HO3
C. HO4
,D. All of the Above - answer;D. All of the above
If an agent should fail to comply with the CE law:
A. They could suffer revocation of their license
B. They have 2 years to complete the courses missed
C. There is only a monetary penalty
D. There is no penalty - answer;A. They could suffer revocation of their license
Damage to a temporary substitute vehicle driven by the insured would be insured under what coverage
of the Personal Auto Policy?
A. Property Damage Liability
B. Unisured Motorist
C. Physical Damage Coverage
D. No coverage applies - answer;C. Physical Damage Coverage
Which of the following would NOT generally be included in the Supplementary Payments portion of a
Liability Policy?
A. Loss of earnings
B. Damage to property owned by the insured
C. First aid to others at the time of an accident
D. Expenses the insured incurs at the company's request as part of an investigation or defense -
answer;B. Damage to property owned by the insured
In All states, an UNENDORSED Personal Auto Policy's uninsured motorists coverage applies to what type
of loss caused by an uninsured motorist?
A. Property damage
, B. Bodily injury
C. Personal injury
D. Comprehensive - answer;B. Bodily injury
The insured has a $1,000,000 Personal Umbrella policy with a retention limit of $1,000. The insured
suffers a $15,000 loss that is excluded by the underlying policy, but not the Umbrella. How much of this
loss would be paid under the Umbrella?
A. $0
B. $15,000
C. $16,000
D. $14,000 - answer;D. $14,000
The Personal Auto Policy's Medical Payments coverage would not provode protection for which one of
the following?
A. The insured
B. Passengers in the insured's car
C. The insured's family members
D. Occupants of a car that was struck by the insured - answer;D. Occupants of a car that was struck by
the insured
Once an individual secures auto coverage through the Indiana Auto Insurance Plain (AIP), coverage is
provided for what period of time?
A. 6 months
B. One year
C. Three years
D. Five years - answer;C. Three years
WITH 100% CORRECT ANSWERS!!
An agent who offers a rebate to a prospective insured may be charged with a Class A misdemeanor and
be subject to a fine of up to:
A. $10,000
B. $2,000
C. $5,000
D. $6,000 - answer;C. $5,000
The Commissioner of Insurance does not require a state licensing examination for which of the
following:
A. A resident producer
B. A sole proprietor who is 19 years of age
C. A Corporation desiring a producer's license
D. A limited insurance agent selling travel accident insurance - answer;D. A limited insurance agent
selling travel accident insurance
A neighbor is bitten by your Labrador retriever and sues you for $100,000. Which of the following HO
forms would cover the loss?
A. HO2
B. HO3
C. HO4
,D. All of the Above - answer;D. All of the above
If an agent should fail to comply with the CE law:
A. They could suffer revocation of their license
B. They have 2 years to complete the courses missed
C. There is only a monetary penalty
D. There is no penalty - answer;A. They could suffer revocation of their license
Damage to a temporary substitute vehicle driven by the insured would be insured under what coverage
of the Personal Auto Policy?
A. Property Damage Liability
B. Unisured Motorist
C. Physical Damage Coverage
D. No coverage applies - answer;C. Physical Damage Coverage
Which of the following would NOT generally be included in the Supplementary Payments portion of a
Liability Policy?
A. Loss of earnings
B. Damage to property owned by the insured
C. First aid to others at the time of an accident
D. Expenses the insured incurs at the company's request as part of an investigation or defense -
answer;B. Damage to property owned by the insured
In All states, an UNENDORSED Personal Auto Policy's uninsured motorists coverage applies to what type
of loss caused by an uninsured motorist?
A. Property damage
, B. Bodily injury
C. Personal injury
D. Comprehensive - answer;B. Bodily injury
The insured has a $1,000,000 Personal Umbrella policy with a retention limit of $1,000. The insured
suffers a $15,000 loss that is excluded by the underlying policy, but not the Umbrella. How much of this
loss would be paid under the Umbrella?
A. $0
B. $15,000
C. $16,000
D. $14,000 - answer;D. $14,000
The Personal Auto Policy's Medical Payments coverage would not provode protection for which one of
the following?
A. The insured
B. Passengers in the insured's car
C. The insured's family members
D. Occupants of a car that was struck by the insured - answer;D. Occupants of a car that was struck by
the insured
Once an individual secures auto coverage through the Indiana Auto Insurance Plain (AIP), coverage is
provided for what period of time?
A. 6 months
B. One year
C. Three years
D. Five years - answer;C. Three years
