TEXAS INSURANCE LICENSE EXAM
ACTUAL EXAM 2 VERSIONS (VERSION
A AND B) COMPLETE 500 QUESTIONS
WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) | ALREADY
GRADED A+
Unless otherwise stated by the policy, property covered by the Building and
Personal Property Coverage Form is valued on what basis? - ✔✔Actual
cash value
Under a Commercial General Liability policy, all of the following statements
about the supplemental extended reporting period are correct, except: -
✔✔The insurer may cancel the SERP after the insured pays the premium
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Which of the following statements is correct regarding PIP coverage in
Texas? - ✔✔PIP coverage covers insureds and their guests without regard
to fault or to coordination of benefits
Which of the following statements regarding types of property loss is
incorrect? - ✔✔Direct losses include additional living expenses
What is the maximum amount supplementary payments coverage provided
by a Business Auto policy will pay for the cost of bail bonds related to a
covered accident? - ✔✔$2,000
Under a Business Auto policy, which of the following statements about
towing coverage provided under the policy's physical damage coverage is
correct? - ✔✔Labor must be performed at the place of disablement to be
covered
Commercial Crime insurance policies are typically able to cover losses
resulting from all of the following, except: - ✔✔The mysterious
disappearance of property
An insured with a Personal Auto policy on their car is using a non-owned
auto to run errands. Under the insured's policy, liability coverage for use of
the non-owned auto is: - ✔✔Provided on an excess basis
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, After unintentionally running a red light, L causes an accident with T. T's
sedan is badly damaged, and T's arm is broken. A few months after the
accident, T brings a suit against L, asking for damages for medical costs
incurred for the broken arm and other injuries sustained in the accident.
Under Part A of L's Personal Auto policy, supplementary payments in
connection with the insurer's defense will: - ✔✔Be paid in addition to the
policy's liability limits
All of the following are common law defenses against negligence, except: -
✔✔Statute of limitations
Under Coverage C - Household Personal Property on a Farm Property
policy, coverage is provided for: - ✔✔Furniture in the dwelling
Which of the following must participate in a Workers' Compensation
Assigned Risk Plan? - ✔✔Insurers that are authorized to write Workers'
Compensation in the voluntary market
A company that sells mobile equipment has its stock protected under an
Equipment Dealers Floater. Records of the company's business, including
itemized inventories and sales records, must be retained for at least how
long after the policy ends? - ✔✔3 years
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
ACTUAL EXAM 2 VERSIONS (VERSION
A AND B) COMPLETE 500 QUESTIONS
WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) | ALREADY
GRADED A+
Unless otherwise stated by the policy, property covered by the Building and
Personal Property Coverage Form is valued on what basis? - ✔✔Actual
cash value
Under a Commercial General Liability policy, all of the following statements
about the supplemental extended reporting period are correct, except: -
✔✔The insurer may cancel the SERP after the insured pays the premium
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Which of the following statements is correct regarding PIP coverage in
Texas? - ✔✔PIP coverage covers insureds and their guests without regard
to fault or to coordination of benefits
Which of the following statements regarding types of property loss is
incorrect? - ✔✔Direct losses include additional living expenses
What is the maximum amount supplementary payments coverage provided
by a Business Auto policy will pay for the cost of bail bonds related to a
covered accident? - ✔✔$2,000
Under a Business Auto policy, which of the following statements about
towing coverage provided under the policy's physical damage coverage is
correct? - ✔✔Labor must be performed at the place of disablement to be
covered
Commercial Crime insurance policies are typically able to cover losses
resulting from all of the following, except: - ✔✔The mysterious
disappearance of property
An insured with a Personal Auto policy on their car is using a non-owned
auto to run errands. Under the insured's policy, liability coverage for use of
the non-owned auto is: - ✔✔Provided on an excess basis
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, After unintentionally running a red light, L causes an accident with T. T's
sedan is badly damaged, and T's arm is broken. A few months after the
accident, T brings a suit against L, asking for damages for medical costs
incurred for the broken arm and other injuries sustained in the accident.
Under Part A of L's Personal Auto policy, supplementary payments in
connection with the insurer's defense will: - ✔✔Be paid in addition to the
policy's liability limits
All of the following are common law defenses against negligence, except: -
✔✔Statute of limitations
Under Coverage C - Household Personal Property on a Farm Property
policy, coverage is provided for: - ✔✔Furniture in the dwelling
Which of the following must participate in a Workers' Compensation
Assigned Risk Plan? - ✔✔Insurers that are authorized to write Workers'
Compensation in the voluntary market
A company that sells mobile equipment has its stock protected under an
Equipment Dealers Floater. Records of the company's business, including
itemized inventories and sales records, must be retained for at least how
long after the policy ends? - ✔✔3 years
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
