PROPERTY AND CASUALTY INSURANCE
TEST 2026/2027 ACTUAL QUESTIONS
WITH VERIFIED ANSWERS.
What is a Messenger? - correct answer-Someone who has
care and custody of property while it is OUTSIDE the premises
What is a Custodian? - correct answer-Someone who has care
and custody of property while it is INSIDE the premises
What act specifies a theft as a burglary? - correct answer-Signs
of forced entry/exit
Theft excludes what type of coverage? - correct answer-
Mysterious Disapearance
Regarding bonds, who has the obligation to complete a
contract? - correct answer-Principle, or Obligor
,How many parties are typically involved in a bond? - correct
answer-Three parties
Which business auto coverage form symbol is the "any auto"
symbol used only to designate liability coverage? - correct
answer-Symbol 1
What is the most restrictive business auto coverage form
symbol? - correct answer-Symbol 7
Which auto coverage symbol covers a customer's auto left with
the insured for service? - correct answer-Symbol 30
What form is used to prove truckers liability and proof of
financial responsibility? - correct answer-MCS-90 endorsement
What are four examples of Professional Liability insurance? -
correct answer-Medical malpractice
Errors and omissions
Directors and officers
Fiduciary liability
, What type of policy is designed to provide coverage for
catastrophic liability coverage for business risks? - correct
answer-Commercial umbrella liability
What is another name for unauthorized insurers? - correct
answer-Nonadmitted insurers
What are some characteristics that allow a business to be
eligible for a BOP policy? - correct answer-Less than 100
employees
Revenue of $300 million or less
Business occupying up to 25,000 sqft
Less than six stories
Majority of work is on premises
BOP building coverage includes materials, equipment,
supplies, and temporary structures that are on or within how
may feet of the premises? - correct answer-100 feet
TEST 2026/2027 ACTUAL QUESTIONS
WITH VERIFIED ANSWERS.
What is a Messenger? - correct answer-Someone who has
care and custody of property while it is OUTSIDE the premises
What is a Custodian? - correct answer-Someone who has care
and custody of property while it is INSIDE the premises
What act specifies a theft as a burglary? - correct answer-Signs
of forced entry/exit
Theft excludes what type of coverage? - correct answer-
Mysterious Disapearance
Regarding bonds, who has the obligation to complete a
contract? - correct answer-Principle, or Obligor
,How many parties are typically involved in a bond? - correct
answer-Three parties
Which business auto coverage form symbol is the "any auto"
symbol used only to designate liability coverage? - correct
answer-Symbol 1
What is the most restrictive business auto coverage form
symbol? - correct answer-Symbol 7
Which auto coverage symbol covers a customer's auto left with
the insured for service? - correct answer-Symbol 30
What form is used to prove truckers liability and proof of
financial responsibility? - correct answer-MCS-90 endorsement
What are four examples of Professional Liability insurance? -
correct answer-Medical malpractice
Errors and omissions
Directors and officers
Fiduciary liability
, What type of policy is designed to provide coverage for
catastrophic liability coverage for business risks? - correct
answer-Commercial umbrella liability
What is another name for unauthorized insurers? - correct
answer-Nonadmitted insurers
What are some characteristics that allow a business to be
eligible for a BOP policy? - correct answer-Less than 100
employees
Revenue of $300 million or less
Business occupying up to 25,000 sqft
Less than six stories
Majority of work is on premises
BOP building coverage includes materials, equipment,
supplies, and temporary structures that are on or within how
may feet of the premises? - correct answer-100 feet
