FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
In Return for premium, and insurance company must.. -
Correct Answers ✅Be Fair in underwriting and pay covered
losses
In return for premium, an insurance company must be fair
and impartial in underwriting of risks and must pay claims
made for all covered losses.
The part of a policy that clarifies terms in the policy is the -
Correct Answers ✅Definitions
The valued policy statute applies in which of the following
events? - Correct Answers ✅In the event of a total loss by
fire to a one or two family residential building or structure
What insurance policy provision defines how the policy will
respond if there is more than one insurance policy written on
the same risk? - Correct Answers ✅Other Insurance
An insured owns several buildings, each at different location
and insured on a separate policy. What type of coverage does
the insured have? - Correct Answers ✅Specific
,FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
Specific insurance provides a specific amount of coverage for
each property. A Blanket insurance policy provides coverage
for more than one property with a single limit of coverage.
Any insurer who issues a crop insurance policy, other than
federal crop insurance, for tobacco crops grown in GA, shall
make available coverage for what until the crop is harvested?
- Correct Answers ✅Wind or Hail
An insured is driving her car through a residential area when
she loses control and crashes into a neighbor's front porch.
The neighbor, who was sitting on the porch, is injured. The
insured's liability policy has a limit of $500,000. This amount
applies to the total of damages for any bodily injury and
property damage resulting from one accident. Which type of
limit of liability does the insured have? - Correct Answers
✅Combined Single
The process of determining the premium charged and how
much insurance is required for a particular loss is called? -
Correct Answers ✅loss Valuation
An insurance Agent has received a request for a hearing from
the commissioner. Within how many days must the hearing
be held? - Correct Answers ✅30 Days
,FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
An insured relocated to another state for work. However, she
still owns and insures a house in this state, but has had no
one living in it for 3 months. She is also storing some of
furniture and clothes in the house. From an insurance
standpoint, the insured's house is considered - Correct
Answers ✅Unoccupied
Under the personal auto policy, liability for bodily injury
resulting from the insured's use of a nonowned automobile is
- Correct Answers ✅Provided by the insured's policy on an
excess basis.
automobile insurance follows the insured auto, so the
coverage written on the auto is primary. automobile
insurance also follows the insured as excess over other
collectible insurance.
All of the following types of property are covered by a
standard builders risk form EXCEPT:
A. tools 50 feet away from the building
B.The building itself
C. Temporary structures
D. Machinery that will be permanently attached to the
building - Correct Answers ✅A. Tools 50 feet away from the
building.
, FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
If a policy has been in effect for at least 60 days or is due for
renewal, a cancellation may only be effected for which of the
following reasons? - Correct Answers ✅a change in the risk
that substantially increases the hazard insured against.
Which of the following statements is true regarding the
premium computation for workers compensation insurance? -
Correct Answers ✅A Premium auditor has the right to
examine the insured's compensation records at the end of
the policy period to determine the actual premium basis.
When a parent is required to pay for damages caused by his
or her children, this is an example of? - Correct Answers
✅vicarious liability
A building is insured, but no one has lived or worked in it for
10 years. The building is completely empty of any furniture or
personal belongings. From an insurance standpoint, the
building is considered - Correct Answers ✅Vacant
a property insurance policy that is not subject to any
coinsurance requirements but has a set amount of insurance
scheduled for the property would use hat loss valuation
method? - Correct Answers ✅Stated Amount
Practice Questions with Complete
Solutions (Latest 2025)
In Return for premium, and insurance company must.. -
Correct Answers ✅Be Fair in underwriting and pay covered
losses
In return for premium, an insurance company must be fair
and impartial in underwriting of risks and must pay claims
made for all covered losses.
The part of a policy that clarifies terms in the policy is the -
Correct Answers ✅Definitions
The valued policy statute applies in which of the following
events? - Correct Answers ✅In the event of a total loss by
fire to a one or two family residential building or structure
What insurance policy provision defines how the policy will
respond if there is more than one insurance policy written on
the same risk? - Correct Answers ✅Other Insurance
An insured owns several buildings, each at different location
and insured on a separate policy. What type of coverage does
the insured have? - Correct Answers ✅Specific
,FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
Specific insurance provides a specific amount of coverage for
each property. A Blanket insurance policy provides coverage
for more than one property with a single limit of coverage.
Any insurer who issues a crop insurance policy, other than
federal crop insurance, for tobacco crops grown in GA, shall
make available coverage for what until the crop is harvested?
- Correct Answers ✅Wind or Hail
An insured is driving her car through a residential area when
she loses control and crashes into a neighbor's front porch.
The neighbor, who was sitting on the porch, is injured. The
insured's liability policy has a limit of $500,000. This amount
applies to the total of damages for any bodily injury and
property damage resulting from one accident. Which type of
limit of liability does the insured have? - Correct Answers
✅Combined Single
The process of determining the premium charged and how
much insurance is required for a particular loss is called? -
Correct Answers ✅loss Valuation
An insurance Agent has received a request for a hearing from
the commissioner. Within how many days must the hearing
be held? - Correct Answers ✅30 Days
,FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
An insured relocated to another state for work. However, she
still owns and insures a house in this state, but has had no
one living in it for 3 months. She is also storing some of
furniture and clothes in the house. From an insurance
standpoint, the insured's house is considered - Correct
Answers ✅Unoccupied
Under the personal auto policy, liability for bodily injury
resulting from the insured's use of a nonowned automobile is
- Correct Answers ✅Provided by the insured's policy on an
excess basis.
automobile insurance follows the insured auto, so the
coverage written on the auto is primary. automobile
insurance also follows the insured as excess over other
collectible insurance.
All of the following types of property are covered by a
standard builders risk form EXCEPT:
A. tools 50 feet away from the building
B.The building itself
C. Temporary structures
D. Machinery that will be permanently attached to the
building - Correct Answers ✅A. Tools 50 feet away from the
building.
, FX GA Property and Casualty Exam
Practice Questions with Complete
Solutions (Latest 2025)
If a policy has been in effect for at least 60 days or is due for
renewal, a cancellation may only be effected for which of the
following reasons? - Correct Answers ✅a change in the risk
that substantially increases the hazard insured against.
Which of the following statements is true regarding the
premium computation for workers compensation insurance? -
Correct Answers ✅A Premium auditor has the right to
examine the insured's compensation records at the end of
the policy period to determine the actual premium basis.
When a parent is required to pay for damages caused by his
or her children, this is an example of? - Correct Answers
✅vicarious liability
A building is insured, but no one has lived or worked in it for
10 years. The building is completely empty of any furniture or
personal belongings. From an insurance standpoint, the
building is considered - Correct Answers ✅Vacant
a property insurance policy that is not subject to any
coinsurance requirements but has a set amount of insurance
scheduled for the property would use hat loss valuation
method? - Correct Answers ✅Stated Amount
