1/28/25, 10:46 AM TEXAS INSURANCE LICENSE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION | …
TEXAS INSURANCE LICENSE EXAM QUESTIONS
AND CORRECT ANSWERS | ALREADY GRADED
A+ | LATEST VERSION | VERIFIED ANSWERS
Save
Terms in this set (481)
Which part of an insurance Conditions
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.
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 1/19
,1/28/25, 10:46 AM TEXAS INSURANCE LICENSE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION | …
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 by insuring agreement
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.
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 2/19
, 1/28/25, 10:46 AM TEXAS INSURANCE LICENSE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION | …
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?
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 pay DP1
losses to dwellings and
other structures on an
actual cash value basis?
Which dwelling forms pay DP1, DP2 and DP3
losses to personal
property on an actual
cash value basis?
Would an earthquake that yes
causes a fire that destroys
an insured's home be
covered by a DP1?
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 3/19
TEXAS INSURANCE LICENSE EXAM QUESTIONS
AND CORRECT ANSWERS | ALREADY GRADED
A+ | LATEST VERSION | VERIFIED ANSWERS
Save
Terms in this set (481)
Which part of an insurance Conditions
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.
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 1/19
,1/28/25, 10:46 AM TEXAS INSURANCE LICENSE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION | …
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 by insuring agreement
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.
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 2/19
, 1/28/25, 10:46 AM TEXAS INSURANCE LICENSE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION | …
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?
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 pay DP1
losses to dwellings and
other structures on an
actual cash value basis?
Which dwelling forms pay DP1, DP2 and DP3
losses to personal
property on an actual
cash value basis?
Would an earthquake that yes
causes a fire that destroys
an insured's home be
covered by a DP1?
https://quizlet.com/998252763/texas-insurance-license-exam-questions-and-correct-answers-already-graded-a-latest-version-verified-answers-flash-c… 3/19
