OHIO PROPERTY AND CASUALTY
COMPREHENSIVE EXAM PAPER TEST BANK
FULL SOLUTION UPDATED 2026 WITH 100%
CORRECT ANSWERS
◉According to the Dwelling Endorsement DP 01 34, Special Provisions
for Ohio, and insurer may cancel a policy with 10 days notice for all of
the following reasons except... Answer: The property was altered in a
way that increased the level of risk
◉All of the following are conditions of a homeowners policy found in
BOTH Sections 1 and 2, EXCEPT: Answer: Appraisal
◉All of the following are considered to be covered autos under Truckers
Coverage From EXCEPT: Answer: Autos owned in a state that can
reject uninsured motorist coverage
◉Which of the following statements are INCORRECT regarding
Umbrella policies? Answer: The Personal Liability Umbrella coverage
for business activities of the insured.
◉The term for the most amount of coverage the insurer will pay for a
single occurrence in coverage E and coverage F in a homeowners policy
is known as: Answer: Limit of Liability
,◉Open perils coverage usually goes by what name? Answer: Special
◉The additional coverage of the Commercial Building and Business
Personal Property Form protects property removed to protect it for
further loss for up to how many days? Answer: 30
◉What statement is false? Answer: An agent cannot charger a fee.
◉Which of the following would be considered scheduled property under
endorsement HO 04 61? Answer: Piece of fine art
◉Which of the following incidents would not be excluded under a DP-3
policy? Answer: Burglary of a property that was vacant for 30
consecutive days
◉Under the conditions section of a business auto policy: Answer: Will
include all sales tax for damaged or stolen property.
◉Owned autos acquired after the policy begin will be covered if which
of the following symbols are entered by item two in the declarations?
Answer: 19
, ◉Under a Business Auto Policy, the categories of covered autos are
found in which part of the contract? Answer: Declarations
◉The Membership of Commercial Insurance Joint Underwriting
Association is Answer: mandatory for Commercial Insurers
◉Company A pays $450 in claims for every $600 in premium collected
and also has $100 in underwriting expenses. What is the insurer's loss
ratio? Answer: 75%
◉Under the terms of a HO-2 policy, the peril of Freezing of Pipes:
Answer: requires that the insured must take reasonable steps to heat the
building and shut off the water supply or drain any systems of water.
◉A is reading her homeowners policy and wants to find where her
policy period is written in the contract. As A's agent, you would direct
her to the: Answer: Declarations
◉J has a policy that pays a maximum single dollar amount for property
damage and death or bodily injury. Which limit of liability does J's
policy have? Answer: Combined Single Limit
◉A motor vehicle liability policy is not required to provide coverage for
all the following except? Answer: Liability on account of bodily injury
or death of a domestic employee
COMPREHENSIVE EXAM PAPER TEST BANK
FULL SOLUTION UPDATED 2026 WITH 100%
CORRECT ANSWERS
◉According to the Dwelling Endorsement DP 01 34, Special Provisions
for Ohio, and insurer may cancel a policy with 10 days notice for all of
the following reasons except... Answer: The property was altered in a
way that increased the level of risk
◉All of the following are conditions of a homeowners policy found in
BOTH Sections 1 and 2, EXCEPT: Answer: Appraisal
◉All of the following are considered to be covered autos under Truckers
Coverage From EXCEPT: Answer: Autos owned in a state that can
reject uninsured motorist coverage
◉Which of the following statements are INCORRECT regarding
Umbrella policies? Answer: The Personal Liability Umbrella coverage
for business activities of the insured.
◉The term for the most amount of coverage the insurer will pay for a
single occurrence in coverage E and coverage F in a homeowners policy
is known as: Answer: Limit of Liability
,◉Open perils coverage usually goes by what name? Answer: Special
◉The additional coverage of the Commercial Building and Business
Personal Property Form protects property removed to protect it for
further loss for up to how many days? Answer: 30
◉What statement is false? Answer: An agent cannot charger a fee.
◉Which of the following would be considered scheduled property under
endorsement HO 04 61? Answer: Piece of fine art
◉Which of the following incidents would not be excluded under a DP-3
policy? Answer: Burglary of a property that was vacant for 30
consecutive days
◉Under the conditions section of a business auto policy: Answer: Will
include all sales tax for damaged or stolen property.
◉Owned autos acquired after the policy begin will be covered if which
of the following symbols are entered by item two in the declarations?
Answer: 19
, ◉Under a Business Auto Policy, the categories of covered autos are
found in which part of the contract? Answer: Declarations
◉The Membership of Commercial Insurance Joint Underwriting
Association is Answer: mandatory for Commercial Insurers
◉Company A pays $450 in claims for every $600 in premium collected
and also has $100 in underwriting expenses. What is the insurer's loss
ratio? Answer: 75%
◉Under the terms of a HO-2 policy, the peril of Freezing of Pipes:
Answer: requires that the insured must take reasonable steps to heat the
building and shut off the water supply or drain any systems of water.
◉A is reading her homeowners policy and wants to find where her
policy period is written in the contract. As A's agent, you would direct
her to the: Answer: Declarations
◉J has a policy that pays a maximum single dollar amount for property
damage and death or bodily injury. Which limit of liability does J's
policy have? Answer: Combined Single Limit
◉A motor vehicle liability policy is not required to provide coverage for
all the following except? Answer: Liability on account of bodily injury
or death of a domestic employee
