TEXAS PROPERTY AND CASUALTY
INSURANCE ONLINE PRACTICE EXAM 2025
CLEAN A 1/1/25 EXAM
, TEXAS PROPERTY AND CASUALTY
INSURANCE ONLINE PRACTICE EXAM
2025
Which of the following would NOT qualify as a hired auto?
1) An auto hired by an employer
2) An Auto leased from a commercial rental company
3) An Auto rented for personal use
4) An Auto borrowed from an employee - An auto borrowed from an employee
What method of premium computation relates an employer's losses, payroll, and
premiums to the rating bureau's classifications of operations? - Experience
modification factor
The proof of loss statement must be - In writing
For insurance purposes, when an insured loses property to another because the
person used violence or threat of violence to gain the property, this is defined as -
Robbery
What special liability coverages will provide protection to managers of a
corporation for claims arising from a wrongful act committed by the manager
while in an official capacity? - Directors and officers liability
What is NOT a consideration when paying an inland marine claim?
, 1) market value when the property was first purchased
2) cost to replace the property
3) actual cash value on date of loss
4) cost to repair or restore the property - Market value when the property was first
purchased
A plaster has finished a job. What kind of liability coverage would protect him if
the plaster falls and hurts someone because he did not do the job correctly? -
Completed operations
Property insurance that provides $100,000 coverage for a building and $50,000
coverage for personal property at a single location is called? - Specific coverage
Frank's steaks furnishes meat to steakhouses. An accident on the premises causes
the building to lose refrigeration for 32 hours. The state inspectors will not allow
the meet in the refrigerator units to be sold for human consumption, and Frank
loses $18,500 in disposing of the meat coverage under Frank's BOP policy will
cover the loss? - Utility service - direct damage
What type of information would be found in a policy's insuring agreement?
1) insurer's address
2) location of premises
3) renewal dates
4) policy limits - Renewal dates
INSURANCE ONLINE PRACTICE EXAM 2025
CLEAN A 1/1/25 EXAM
, TEXAS PROPERTY AND CASUALTY
INSURANCE ONLINE PRACTICE EXAM
2025
Which of the following would NOT qualify as a hired auto?
1) An auto hired by an employer
2) An Auto leased from a commercial rental company
3) An Auto rented for personal use
4) An Auto borrowed from an employee - An auto borrowed from an employee
What method of premium computation relates an employer's losses, payroll, and
premiums to the rating bureau's classifications of operations? - Experience
modification factor
The proof of loss statement must be - In writing
For insurance purposes, when an insured loses property to another because the
person used violence or threat of violence to gain the property, this is defined as -
Robbery
What special liability coverages will provide protection to managers of a
corporation for claims arising from a wrongful act committed by the manager
while in an official capacity? - Directors and officers liability
What is NOT a consideration when paying an inland marine claim?
, 1) market value when the property was first purchased
2) cost to replace the property
3) actual cash value on date of loss
4) cost to repair or restore the property - Market value when the property was first
purchased
A plaster has finished a job. What kind of liability coverage would protect him if
the plaster falls and hurts someone because he did not do the job correctly? -
Completed operations
Property insurance that provides $100,000 coverage for a building and $50,000
coverage for personal property at a single location is called? - Specific coverage
Frank's steaks furnishes meat to steakhouses. An accident on the premises causes
the building to lose refrigeration for 32 hours. The state inspectors will not allow
the meet in the refrigerator units to be sold for human consumption, and Frank
loses $18,500 in disposing of the meat coverage under Frank's BOP policy will
cover the loss? - Utility service - direct damage
What type of information would be found in a policy's insuring agreement?
1) insurer's address
2) location of premises
3) renewal dates
4) policy limits - Renewal dates
