Personal lines Property &
Casualty Questions and Answers
Updated 2026
RiskB-BAnswerBChanceBorBUncertaintyBofBaBLoss
PerilB-BAnswerBPossibleBcauseBofBaBloss
2BYearsB-
BAnswerBTheBCommissionerBofBinsuranceBisBappointedBbyBtheBgovernorBforBaBtermB
ofB______BendingBonBFebruaryB1BofBeachBodd-numberedByear?
5BYearsB-
BAnswerBTheBCommissionerBofBinsuranceBMUSTBhaveB________BofBexperienceBinBbus
inessBorBgovernment.
$50,000B-
BAnswerBTheBCommissionerBofBinsuranceBmustBprovideBaB__________BsuretyBbond.B(
ABsuretyBbondBguaranteesBperformance)
$500,000B-
BAnswerBTheBCommissionerBofBinsuranceBrequiresBstateBfeesBinBexcessBofB_________
____BtoBbeBsubmittedBbyBelectronicBtransfer.
15BDaysB-
BAnswerBTheBCommissionerBofBinsuranceBrequiresBthatBpersonsBmustBrespondBtoBco
mmissionerBinquiresBwithin_______B?
20BDaysB-
BAnswerBResponseBfromBallegedBviolatorBmustBbeBwithinB______BofBreceipt?
,14BDaysB-
BAnswerBDepartmentBmustBsendBnoticeBofBviolationBwithinB_____BofBfinding?
$25,000B-BAnswerBMaximumBpenaltyBforBinsuranceBcodeBviolations?
18BYearsBOldB-BAnswerBMinimumBageBforBaBlicense?
5ByearsB-BAnswerBTheBwaitingBperiodBtoBreapplyBifBlicenseBisBdeniedBorBrevoked?
90BDaysB-BAnswerBAnBEmergencyBLicenseBisBvalidBforBupBtoB___?
90BDaysB-BAnswerBAnBEmergencyBlicenseBmayBbeBrenewedBanBadditionalB____?
90BDaysB-BAnswerBABtemporaryBlicenseBisBvalidBforBupBtoB___?
2ByearsB-
BAnswerBBusinessBentityBagentBlicensesBareBrenewedBeveryB______BafterBtheBlicense
BisBissued?
1BYearB-
BAnswerBIfBtheBlicenseBisBexpiredBforBmoreBthanB_______BallBrequirementsBforBaBne
wBlicenseB(includingBtheBexam)BmustBbeBmet?
90BDaysB-
BAnswerBIfBaBlicenseBhasBbeenBexpiresBforB_________BorBless,BitBmayBbeBrenewedB
byBpayingBtheBrenewalBfeeBplusBaB50%Bpenalty.
90BDaysB-
BAnswerBABlicenseBexpiredBmoreBthanB______BbutBlessBthanBoneByearBcannotBbeBre
newed;BaBnewBlicenseBmaybeBissuedBwithBnoBexamBuponBpaymentBofBlicenseBfeeB&
BpenaltyBfee?
,MonthlyBBasisB-
BAnswerBChangeBinBaddress,BfelonyBconvictions,BorBadministrativeBactionsBmustBbeBre
portedBtoBtheBcommissionerBonBaB__________?
24BHoursB-BAnswerBTotalBcontinuingBeducationBrequirements?
2BHoursB-BAnswerBEthicsB&BconsumerBprotectionBcontinuingBeducationBrequirement?
3BhoursB-BAnswerBFloodBinsuranceBrequiresB_____BcertificationBcourse?
4ByearsB-BAnswerBContinuingBeducationBrecordsBmustBbeBkeptBforB_____?
25%B-
BAnswerBAtBleastB____BofBannualBpremiumsBmustBbeBderivedBfromBpersonsBotherBth
anBtheBapplicant,BapplicantsBfamily,B&BapplicantsBbusinessBassociates.
60BDaysB-BAnswerBApprovalBofBRateB&BformsBmustBbeBfiledB_____BbeforeBuse?
30BDaysB-BAnswerBBindersBmustBbeBreplacedBbyBtheBinsuranceBpolicyBwithinB____?
$15BmillionB-
BAnswerBSurplusBlinesBinsurer'sBcapitalB&BsurplusBmustBbeBatBleastB______?
30BDaysB-
BAnswerBSuspectedBfraudulentBactsBmustBbeBreportedBtoBtheBcommissionerBorBlawBe
nforcementBwithinB_____?
10BDaysB-BAnswerB______BinBadvanceBforBHomeownersBInsuranceBcancellation?
, 6BmonthsB-
BAnswerBTexasBFAIRB(FairBAccessBtoBInsuranceBrequirements)BprovidesBresidentialBpro
pertyBinsuranceBwhenBcoverageBisBunavailableBinBotherBmarketsBorBwhenBthereBhasB
beenBnoBinsuranceBonBtheBpropertyBinBtheBpastB______?
30BDaysB-BAnswerB_________BinBadvanceBforBaBNonrenewal?
$60,000B-BAnswerBBodilyBinjuryBorBdeathBofB2BorBmoreBpeopleB_____?
$25,000B-BAnswerBPropertyBdamageBperBaccident?
30/60/25B-
BAnswerBMinimumBliabilityBinBTexasB($30,000BperBpersonBforBbodilyBinjury,B$60,000B
perBaccidentBforBbodilyBinjury,B$25,000BforBpropertyBdamageBofBothers)
$30,000B-BAnswerBBodilyBinjuryBorBdeathBofBanyB1Bperson?
$2,500B-BAnswerBMinimumBPIPBlimits?
30BdaysB-BAnswerBClaimsBmustBbeBpaidBwithinB____BafterBproofBofBclaim?
3ByearsB-BAnswerBCoversBexpensesBincurredBwithinB_______BofBaccident?
90BdaysB-
BAnswerBCommercialBautoBpolicyBmayBbeBcancelledBforBANYBreasonBwithinBtheBfirstB
_______BofBtheBpolicy?
60BDaysB-BAnswerB______-
BinBadvanceBforBaBnonrenewalBcommercialBautoBinsuranceBpolicy?
Casualty Questions and Answers
Updated 2026
RiskB-BAnswerBChanceBorBUncertaintyBofBaBLoss
PerilB-BAnswerBPossibleBcauseBofBaBloss
2BYearsB-
BAnswerBTheBCommissionerBofBinsuranceBisBappointedBbyBtheBgovernorBforBaBtermB
ofB______BendingBonBFebruaryB1BofBeachBodd-numberedByear?
5BYearsB-
BAnswerBTheBCommissionerBofBinsuranceBMUSTBhaveB________BofBexperienceBinBbus
inessBorBgovernment.
$50,000B-
BAnswerBTheBCommissionerBofBinsuranceBmustBprovideBaB__________BsuretyBbond.B(
ABsuretyBbondBguaranteesBperformance)
$500,000B-
BAnswerBTheBCommissionerBofBinsuranceBrequiresBstateBfeesBinBexcessBofB_________
____BtoBbeBsubmittedBbyBelectronicBtransfer.
15BDaysB-
BAnswerBTheBCommissionerBofBinsuranceBrequiresBthatBpersonsBmustBrespondBtoBco
mmissionerBinquiresBwithin_______B?
20BDaysB-
BAnswerBResponseBfromBallegedBviolatorBmustBbeBwithinB______BofBreceipt?
,14BDaysB-
BAnswerBDepartmentBmustBsendBnoticeBofBviolationBwithinB_____BofBfinding?
$25,000B-BAnswerBMaximumBpenaltyBforBinsuranceBcodeBviolations?
18BYearsBOldB-BAnswerBMinimumBageBforBaBlicense?
5ByearsB-BAnswerBTheBwaitingBperiodBtoBreapplyBifBlicenseBisBdeniedBorBrevoked?
90BDaysB-BAnswerBAnBEmergencyBLicenseBisBvalidBforBupBtoB___?
90BDaysB-BAnswerBAnBEmergencyBlicenseBmayBbeBrenewedBanBadditionalB____?
90BDaysB-BAnswerBABtemporaryBlicenseBisBvalidBforBupBtoB___?
2ByearsB-
BAnswerBBusinessBentityBagentBlicensesBareBrenewedBeveryB______BafterBtheBlicense
BisBissued?
1BYearB-
BAnswerBIfBtheBlicenseBisBexpiredBforBmoreBthanB_______BallBrequirementsBforBaBne
wBlicenseB(includingBtheBexam)BmustBbeBmet?
90BDaysB-
BAnswerBIfBaBlicenseBhasBbeenBexpiresBforB_________BorBless,BitBmayBbeBrenewedB
byBpayingBtheBrenewalBfeeBplusBaB50%Bpenalty.
90BDaysB-
BAnswerBABlicenseBexpiredBmoreBthanB______BbutBlessBthanBoneByearBcannotBbeBre
newed;BaBnewBlicenseBmaybeBissuedBwithBnoBexamBuponBpaymentBofBlicenseBfeeB&
BpenaltyBfee?
,MonthlyBBasisB-
BAnswerBChangeBinBaddress,BfelonyBconvictions,BorBadministrativeBactionsBmustBbeBre
portedBtoBtheBcommissionerBonBaB__________?
24BHoursB-BAnswerBTotalBcontinuingBeducationBrequirements?
2BHoursB-BAnswerBEthicsB&BconsumerBprotectionBcontinuingBeducationBrequirement?
3BhoursB-BAnswerBFloodBinsuranceBrequiresB_____BcertificationBcourse?
4ByearsB-BAnswerBContinuingBeducationBrecordsBmustBbeBkeptBforB_____?
25%B-
BAnswerBAtBleastB____BofBannualBpremiumsBmustBbeBderivedBfromBpersonsBotherBth
anBtheBapplicant,BapplicantsBfamily,B&BapplicantsBbusinessBassociates.
60BDaysB-BAnswerBApprovalBofBRateB&BformsBmustBbeBfiledB_____BbeforeBuse?
30BDaysB-BAnswerBBindersBmustBbeBreplacedBbyBtheBinsuranceBpolicyBwithinB____?
$15BmillionB-
BAnswerBSurplusBlinesBinsurer'sBcapitalB&BsurplusBmustBbeBatBleastB______?
30BDaysB-
BAnswerBSuspectedBfraudulentBactsBmustBbeBreportedBtoBtheBcommissionerBorBlawBe
nforcementBwithinB_____?
10BDaysB-BAnswerB______BinBadvanceBforBHomeownersBInsuranceBcancellation?
, 6BmonthsB-
BAnswerBTexasBFAIRB(FairBAccessBtoBInsuranceBrequirements)BprovidesBresidentialBpro
pertyBinsuranceBwhenBcoverageBisBunavailableBinBotherBmarketsBorBwhenBthereBhasB
beenBnoBinsuranceBonBtheBpropertyBinBtheBpastB______?
30BDaysB-BAnswerB_________BinBadvanceBforBaBNonrenewal?
$60,000B-BAnswerBBodilyBinjuryBorBdeathBofB2BorBmoreBpeopleB_____?
$25,000B-BAnswerBPropertyBdamageBperBaccident?
30/60/25B-
BAnswerBMinimumBliabilityBinBTexasB($30,000BperBpersonBforBbodilyBinjury,B$60,000B
perBaccidentBforBbodilyBinjury,B$25,000BforBpropertyBdamageBofBothers)
$30,000B-BAnswerBBodilyBinjuryBorBdeathBofBanyB1Bperson?
$2,500B-BAnswerBMinimumBPIPBlimits?
30BdaysB-BAnswerBClaimsBmustBbeBpaidBwithinB____BafterBproofBofBclaim?
3ByearsB-BAnswerBCoversBexpensesBincurredBwithinB_______BofBaccident?
90BdaysB-
BAnswerBCommercialBautoBpolicyBmayBbeBcancelledBforBANYBreasonBwithinBtheBfirstB
_______BofBtheBpolicy?
60BDaysB-BAnswerB______-
BinBadvanceBforBaBnonrenewalBcommercialBautoBinsuranceBpolicy?