Property & Casualty
Insurance Licensing Exam
2026 | Practice Questions
& Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Collision coverage of an auto policy covers: B) upset of the vehicle
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of payable for all losses resulting a) occurrence limit
from one event is known as the:
a) occurrence limit
b) aggregate limit
Which of the following is a cause of loss form? d) Basic form
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood deductible is: c) $500
a) $100
b) $250
c) $500
d) $1000
The insured intentionally did not inform the insurer that d) concealment
the insured owned only 35% of the property. The insurer
can void the policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment
Which of the following is NOT a defense against c) presumption of negligence
negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
d) assumption of risk
The presumed authority necessary to carry out the b) implied authority
producer's routine tasks is known as:
a) expressed authority
b) implied authority
Which of the following statements regarding the Towing b) there is no coverage for roadside labor costs
and Labor endorsement is false?
a) it will pay to the limit stated in the endorsement each
time a covered vehicle is disabled
b) there is no coverage for roadside labor costs
c) there is no deductible
d) none of the above
Insurance Licensing Exam
2026 | Practice Questions
& Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Collision coverage of an auto policy covers: B) upset of the vehicle
a) road damage to the tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of payable for all losses resulting a) occurrence limit
from one event is known as the:
a) occurrence limit
b) aggregate limit
Which of the following is a cause of loss form? d) Basic form
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood deductible is: c) $500
a) $100
b) $250
c) $500
d) $1000
The insured intentionally did not inform the insurer that d) concealment
the insured owned only 35% of the property. The insurer
can void the policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment
Which of the following is NOT a defense against c) presumption of negligence
negligence?
a) contributory negligence
b) statues of limitations
c) presumption of negligence
d) assumption of risk
The presumed authority necessary to carry out the b) implied authority
producer's routine tasks is known as:
a) expressed authority
b) implied authority
Which of the following statements regarding the Towing b) there is no coverage for roadside labor costs
and Labor endorsement is false?
a) it will pay to the limit stated in the endorsement each
time a covered vehicle is disabled
b) there is no coverage for roadside labor costs
c) there is no deductible
d) none of the above
