CALIFORNIA PROPERTY AND CASUALTY
FINAL SCRIPT PAPER 2026 VERIFIED
SOLUTIONS FULL CONTENT
◉ The following are available as one of the farm liability coverage's
included in an ISO policy.
Medical payments to others
bodily injury and property damage
personal injury and advertising injury
NOT AVAILABLE: Injury to farm employees.
Answer: Similar to CGL coverage, the farm liability form provides
coverage for bodily injury and property damage, personal injury and
advertising injury, and medical payments to others. Coverage for
injury to farm employees is specifically excluded.
◉ The following are an optional PROPERTY COVERAGE on
HOMEOWNERS POLICIES:
Personal property replacement cost.
permitted incidental occupancies
increased limits for jewelry, watches, and furs
, NOT COVERED: Loss of use of the premises.
Answer: All homeowner policies provide some coverage for loss of
use. The others listed are all optional.
◉ The following is true about commercial crime coverage written on
a DISCOVERY POLICY FORM:
A loss discovered during the policy period will be covered even if it
was sustained years earlier.
Answer: COMMERCIAL CRIME COVERAGE written on a DISCOVERY
POLICY FORM will cover a loss discovered during the policy period
even if it was sustained months or years earlier. It will also cover a
loss discovered up to 60 days after the policy expires. Exclusions do
apply to this coverage.
◉ Withholding, rather than misstating a material fact on an
insurance application is an act of which of the following?
Concealment
Answer: Concealment is similar to misrepresentation, except that it
involves withholding a material fact where misrepresentation
involves misstating a material fact. Fraud has a more extensive
definition, which includes the insurance company relying on an
FINAL SCRIPT PAPER 2026 VERIFIED
SOLUTIONS FULL CONTENT
◉ The following are available as one of the farm liability coverage's
included in an ISO policy.
Medical payments to others
bodily injury and property damage
personal injury and advertising injury
NOT AVAILABLE: Injury to farm employees.
Answer: Similar to CGL coverage, the farm liability form provides
coverage for bodily injury and property damage, personal injury and
advertising injury, and medical payments to others. Coverage for
injury to farm employees is specifically excluded.
◉ The following are an optional PROPERTY COVERAGE on
HOMEOWNERS POLICIES:
Personal property replacement cost.
permitted incidental occupancies
increased limits for jewelry, watches, and furs
, NOT COVERED: Loss of use of the premises.
Answer: All homeowner policies provide some coverage for loss of
use. The others listed are all optional.
◉ The following is true about commercial crime coverage written on
a DISCOVERY POLICY FORM:
A loss discovered during the policy period will be covered even if it
was sustained years earlier.
Answer: COMMERCIAL CRIME COVERAGE written on a DISCOVERY
POLICY FORM will cover a loss discovered during the policy period
even if it was sustained months or years earlier. It will also cover a
loss discovered up to 60 days after the policy expires. Exclusions do
apply to this coverage.
◉ Withholding, rather than misstating a material fact on an
insurance application is an act of which of the following?
Concealment
Answer: Concealment is similar to misrepresentation, except that it
involves withholding a material fact where misrepresentation
involves misstating a material fact. Fraud has a more extensive
definition, which includes the insurance company relying on an
