PROPERTY AND CASUALTY INSURANCE KY
| COMPREHENSIVE KENTUCKY EXAM PREP,
PRACTICE QUESTIONS, CORRECT ANSWERS
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Updated 2026 Questions and Answers
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,Which of the following describes the major responsibilities of B. Inspects losses, determines if there is coverage, estimates indemnification and sees
an insurance company's claims department? that insureds are indemnified.
A. Uses company standards and experience to determine
whether or not to accept an application for insurance.
B. Inspects losses, determines if there is coverage, estimates
indemnification and sees that insureds are indemnified.
C. Uses statistical data accumulated from various sources to
determine insurance rates.
D. Makes inspections and recommends actions for the
prevention and control of losses.
What homeowners form is also known as the tenants or A. H0-4
renters form?
A. H0-4
B. H0-6
C. Both 1 and 2
D. Neither 1 or 2
Which of the following is covered property under the B. Firearms
Homeowners Policy?
A. Property of boarders
B. Firearms
C. CB radio and tape decks installed in a motor vehicle
D. All of the above
The clause in liability policies that states policy limits apply D. Severability Clause
seperately to each insured, but do not increase the limit of
liability for any one occurrence is the:
A. Subrogation Clause
B. Supplementary Payment Clause
C. Sistership Clause
D. Severability Clause
In an umbrella liability policy, the deductible the insured must C. Retention Limit
satisfy before collecting under the umbrella for a loss not
covered by an underlying policy is called the:
A. Excess Limit
B. Reinsurance level
C. Retention Limit
D. Disappearing deductible
, Under the personal auto policy, uninsured motorists coverage D. All of the above
provides coverage for bodily injury for which the insured is
legally entitled to recover, and which results from an accident
with:
A. A driver with no liability insurance at the time of the
accident
B. A driver who has liability insurance at the time of the
accident, but not enough to meet the states minimum financial
responsibility
C. A driver whose insurance company is insolvent or denies
coverage
D. Any of above
Which of the following is not essential for rating liability C. Cost of vehicle when new
coverage for a Business Auto Policy?
A. Vehicle Use
B. Radius of operations
C. Cost of vehicle when new
D. Limits selected
Insurance for imports and exports is best provided by: C. Ocean Marine Insurance
A. a Trip Transit Policy
B. an Annual Transit Policy
C. Ocean Marine Insurance
D. None of the above
If the insured drops the collision coverage of a personal auto A. Effective the date coverage is dropped
policy, coverage will stop:
A. Effective the date coverage is dropped
B. At the policy annual anniversary date
C. At the next quarterly premium payment date, when that
portion of the payment is not included.
D. At the date the insured received the premium
Which of the following cannot be included in the commercial B. Ocean Marine coverage
package policy?
A. Commercial Inland Marine coverage
B. Ocean Marine Coverage
C. Boiler and Machinery coverage
D. Commercial Property coverage
| COMPREHENSIVE KENTUCKY EXAM PREP,
PRACTICE QUESTIONS, CORRECT ANSWERS
AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,Which of the following describes the major responsibilities of B. Inspects losses, determines if there is coverage, estimates indemnification and sees
an insurance company's claims department? that insureds are indemnified.
A. Uses company standards and experience to determine
whether or not to accept an application for insurance.
B. Inspects losses, determines if there is coverage, estimates
indemnification and sees that insureds are indemnified.
C. Uses statistical data accumulated from various sources to
determine insurance rates.
D. Makes inspections and recommends actions for the
prevention and control of losses.
What homeowners form is also known as the tenants or A. H0-4
renters form?
A. H0-4
B. H0-6
C. Both 1 and 2
D. Neither 1 or 2
Which of the following is covered property under the B. Firearms
Homeowners Policy?
A. Property of boarders
B. Firearms
C. CB radio and tape decks installed in a motor vehicle
D. All of the above
The clause in liability policies that states policy limits apply D. Severability Clause
seperately to each insured, but do not increase the limit of
liability for any one occurrence is the:
A. Subrogation Clause
B. Supplementary Payment Clause
C. Sistership Clause
D. Severability Clause
In an umbrella liability policy, the deductible the insured must C. Retention Limit
satisfy before collecting under the umbrella for a loss not
covered by an underlying policy is called the:
A. Excess Limit
B. Reinsurance level
C. Retention Limit
D. Disappearing deductible
, Under the personal auto policy, uninsured motorists coverage D. All of the above
provides coverage for bodily injury for which the insured is
legally entitled to recover, and which results from an accident
with:
A. A driver with no liability insurance at the time of the
accident
B. A driver who has liability insurance at the time of the
accident, but not enough to meet the states minimum financial
responsibility
C. A driver whose insurance company is insolvent or denies
coverage
D. Any of above
Which of the following is not essential for rating liability C. Cost of vehicle when new
coverage for a Business Auto Policy?
A. Vehicle Use
B. Radius of operations
C. Cost of vehicle when new
D. Limits selected
Insurance for imports and exports is best provided by: C. Ocean Marine Insurance
A. a Trip Transit Policy
B. an Annual Transit Policy
C. Ocean Marine Insurance
D. None of the above
If the insured drops the collision coverage of a personal auto A. Effective the date coverage is dropped
policy, coverage will stop:
A. Effective the date coverage is dropped
B. At the policy annual anniversary date
C. At the next quarterly premium payment date, when that
portion of the payment is not included.
D. At the date the insured received the premium
Which of the following cannot be included in the commercial B. Ocean Marine coverage
package policy?
A. Commercial Inland Marine coverage
B. Ocean Marine Coverage
C. Boiler and Machinery coverage
D. Commercial Property coverage
