Texas Property and Casualty
Insurance Policies. (State Test)
Questions Answered Correctly (Qs)
2026 update
The businessowners policy liability coverage will pay for necessary medical expenses of others within
what maximum time period? - CORRECT ANSWERS 1 Year
Which of the following covers a carrier for liability for loss to cargo while it is being transported in a
truck? - CORRECT ANSWERS Moto truck cargo policy- truckers form
In which of the following types of property valuation will the policy pay the full value specified on the
policy schedule, regardless of the insured property's appreciation or depreciation? - CORRECT ANSWERS
Agreed Value
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains a seasonal
increase provision that automatically increases the limit of insurance for business personal property by -
CORRECT ANSWERS 25%
In which type of commercial crime policy coverage is triggered by a loss that happens during the policy
period but is not necessarily discovered during the policy period? - CORRECT ANSWERS Loss
sustained form
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it must
inform the insured within how many days of receiving proof of loss? - CORRECT ANSWERS
30 Days
Under a dwelling policy, which of the following is NOT a factor in determining a loss? - CORRECT
ANSWERS The amount negotiated by the insured
Insurance Policies. (State Test)
Questions Answered Correctly (Qs)
2026 update
The businessowners policy liability coverage will pay for necessary medical expenses of others within
what maximum time period? - CORRECT ANSWERS 1 Year
Which of the following covers a carrier for liability for loss to cargo while it is being transported in a
truck? - CORRECT ANSWERS Moto truck cargo policy- truckers form
In which of the following types of property valuation will the policy pay the full value specified on the
policy schedule, regardless of the insured property's appreciation or depreciation? - CORRECT ANSWERS
Agreed Value
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains a seasonal
increase provision that automatically increases the limit of insurance for business personal property by -
CORRECT ANSWERS 25%
In which type of commercial crime policy coverage is triggered by a loss that happens during the policy
period but is not necessarily discovered during the policy period? - CORRECT ANSWERS Loss
sustained form
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it must
inform the insured within how many days of receiving proof of loss? - CORRECT ANSWERS
30 Days
Under a dwelling policy, which of the following is NOT a factor in determining a loss? - CORRECT
ANSWERS The amount negotiated by the insured
