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PEARSON VUE: CASUALTY INSURANCE
PRACTICE EXAM 2025 BRAND NEW
ACTUAL EXAM WITH ANSWERS.
In a Commercial General Liability policy, medical payment
expenses MUST be:
A. caused by the negligence of the insured
B. caused by a product manufactured by the insured
C. reported within one year of the date of the accident
D. reported within two years of the policy expiration - correct
answer -C
Actual cash value is most often defined as:
A. replacement cost less depreciation
B. original purchase price less depreciation
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C. stated amount a policy will pay
D. cost to replace - correct answer -A
An insured has an automobile policy with a combined single limit
of $500,000 for Bodily Injury and Property Damage. After an
accident, a court awards $300,000 bodily injury and $25,000
property damage to Claimant A, and $200,000 bodily injury and
$25,000 property damage to Claimant B. In this situation, the
insurance company's limit for liability is:
A. $300,000
B. $350,000
C. $500,000
D. $550,000 - correct answer -C
a store, all of the following situations would be considered theft
EXCEPT:
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A. merchandise being stolen with evidence of forced entry
B. a clerk witnessing a customer shoplifting merchandise
C. a clerk being robbed at gunpoint
D. the store's year-end inventory coming up short by 5 percent -
correct answer -D
Which of the following losses would be covered under an Inside
the Premises - Robbery and Safe Burglary of Other Property
Form?
A. Valuable papers kept in a locked safe are destroyed by fire.
B. Cash is stolen from a locked safe that shows no signs of forced
entry.
C. Jewelry is stolen from a locked safe that shows no signs of
forced entry.
D. Gold bars are stolen from a locked safe that shows signs of
forced entry. - correct answer -D
PEARSON VUE: CASUALTY INSURANCE
PRACTICE EXAM 2025 BRAND NEW
ACTUAL EXAM WITH ANSWERS.
In a Commercial General Liability policy, medical payment
expenses MUST be:
A. caused by the negligence of the insured
B. caused by a product manufactured by the insured
C. reported within one year of the date of the accident
D. reported within two years of the policy expiration - correct
answer -C
Actual cash value is most often defined as:
A. replacement cost less depreciation
B. original purchase price less depreciation
, Page | 2
C. stated amount a policy will pay
D. cost to replace - correct answer -A
An insured has an automobile policy with a combined single limit
of $500,000 for Bodily Injury and Property Damage. After an
accident, a court awards $300,000 bodily injury and $25,000
property damage to Claimant A, and $200,000 bodily injury and
$25,000 property damage to Claimant B. In this situation, the
insurance company's limit for liability is:
A. $300,000
B. $350,000
C. $500,000
D. $550,000 - correct answer -C
a store, all of the following situations would be considered theft
EXCEPT:
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A. merchandise being stolen with evidence of forced entry
B. a clerk witnessing a customer shoplifting merchandise
C. a clerk being robbed at gunpoint
D. the store's year-end inventory coming up short by 5 percent -
correct answer -D
Which of the following losses would be covered under an Inside
the Premises - Robbery and Safe Burglary of Other Property
Form?
A. Valuable papers kept in a locked safe are destroyed by fire.
B. Cash is stolen from a locked safe that shows no signs of forced
entry.
C. Jewelry is stolen from a locked safe that shows no signs of
forced entry.
D. Gold bars are stolen from a locked safe that shows signs of
forced entry. - correct answer -D
