TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

10/5/24, 9:20 AM TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE QUESTIONS W…




TEXAS INSURANCE LICENSE EXAM 2024
ACTUAL EXAM 2 VERSIONS (VERSION A AND
B) COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+


Terms in this set (481)

Which part of an Conditions
insurance policy
describes the
responsibilities and
obligations of both the
insurance company and
the insured under the
policy?

The limits of liability are Declarations
found in which of the
following sections of a
casualty policy?

The _____ page in an Declarations
insurance contract
contains information
about the risk, the
effective date of
coverage, deductible,
premium amounts,
coinsurance percentage,
and location of the
insured property.


TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2...
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,10/5/24, 9:20 AM TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE QUESTIONS W…

The insured is looking for declarations
the amount of coverage
in a property and
casualty policy. This
information would be
found in the ______.

The coverages offered insuring agreement
by an insurance policy
are described in the ____.

The purpose of the obligations
conditions section of an
insurance policy is to list
the ____ of the insured and
the insurance company.

The list of perils covered Insuring agreement
under a policy is found in
which part of the policy?

The Declarations page premium
consists of 5 P's. Person
or property, policy
number, policy term,
policy limit and ____.

The Insuring agreement perils
describes coverage
provided and which ____
are covered.

Lost rent is covered by Coverage D
_____. Limited by 20% of
coverage A.

Under which of the DP-2 and DP-3
dwelling forms may the
insured be reimbursed
for the replacement cost
of a dwelling when it is
destroyed?

TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2...
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, 10/5/24, 9:20 AM TEXAS INSURANCE LICENSE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE QUESTIONS W…

The insured has a DP-3 $9000
covering a home that has
a replacement value of
$100,000. The insured
carries $60,000 of
insurance. Following a
loss, it is determined that
it would cost $12,000 to
replace the damaged
portion of the home.
How much could the
insured collect, assuming
the ACV of the loss is
$6,000?

Damage to covered DP2 and DP3
property caused by glass
breakage is covered in
___.

Which dwelling forms DP1
pay losses to dwellings
and other structures on
an actual cash value
basis?

Which dwelling forms DP1, DP2 and DP3
pay losses to personal
property on an actual
cash value basis?

Would an earthquake yes
that causes a fire that
destroys an insured's
home be covered by a
DP1?




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