GEORGIA PROPERTY AND CASUALTY LATEST 2026
COMPREHENSIVE EXAM QUESTIONS AND ANSWERS
GRADED A+
✔✔How soon after the insurer receives proof of loss must it make payment? - ✔✔60
days
✔✔Under dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within - ✔✔
✔✔Within how many years of a loss may an insured bring a lawsuit against an insurer,
according to dwelling policy? - ✔✔2 years
✔✔A businessowners policy is - ✔✔A self-contained pre-packaged policy
✔✔Which would be covered under the Film Coverage Form: Deterioration of a film;
Exposure of a negative film to light; Electrical erasure of a tape? - ✔✔None of these are
covered.
✔✔A commercial property special form covers property in transit up to - ✔✔$5000
✔✔Which Inland Marine Form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care, custody,
and control of the dry cleaners? - ✔✔Bailee's Customer Policy
✔✔What is the maximum amount an insurer will pay under the equipment dealers
pollution cleanup and removal extension of an inland marine policy? - ✔✔$10,000 for all
expenses incurred during a 12-month period
✔✔Which endorsement under an Equipment Breakdown policy is used for calculating
the amount to be paid on a lost business claim after a direct loss? - ✔✔Business
Income - Report of Values
✔✔Which homeowners form is designed for individuals that own and reside in a
condominium? - ✔✔HO-6
✔✔The main difference between an HO-4 and an HO-6 is - ✔✔HO-6 provides limited
dwelling coverage as well as contents coverage
✔✔Both HO-4 and HO-6 cover - ✔✔theft and additional living expenses
COMPREHENSIVE EXAM QUESTIONS AND ANSWERS
GRADED A+
✔✔How soon after the insurer receives proof of loss must it make payment? - ✔✔60
days
✔✔Under dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within - ✔✔
✔✔Within how many years of a loss may an insured bring a lawsuit against an insurer,
according to dwelling policy? - ✔✔2 years
✔✔A businessowners policy is - ✔✔A self-contained pre-packaged policy
✔✔Which would be covered under the Film Coverage Form: Deterioration of a film;
Exposure of a negative film to light; Electrical erasure of a tape? - ✔✔None of these are
covered.
✔✔A commercial property special form covers property in transit up to - ✔✔$5000
✔✔Which Inland Marine Form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care, custody,
and control of the dry cleaners? - ✔✔Bailee's Customer Policy
✔✔What is the maximum amount an insurer will pay under the equipment dealers
pollution cleanup and removal extension of an inland marine policy? - ✔✔$10,000 for all
expenses incurred during a 12-month period
✔✔Which endorsement under an Equipment Breakdown policy is used for calculating
the amount to be paid on a lost business claim after a direct loss? - ✔✔Business
Income - Report of Values
✔✔Which homeowners form is designed for individuals that own and reside in a
condominium? - ✔✔HO-6
✔✔The main difference between an HO-4 and an HO-6 is - ✔✔HO-6 provides limited
dwelling coverage as well as contents coverage
✔✔Both HO-4 and HO-6 cover - ✔✔theft and additional living expenses
