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Property and Casualty Insurance
2025/2026 Exam Questions and Answers
| 100% Solved
An organization that writes liability insurance to cover the liability exposure for
the mining engineers that belong to its associations is: - 🧠ANSWER ✔✔A Risk
Retention Group
Which of the following parties may assign a standard property policy? -
🧠ANSWER ✔✔The insurer with prior written permission of the insurer
The Difference in Conditions Policy is a special form used to fill in gaps of a
property policy. Which of the following is true regarding this policy? - 🧠ANSWER
✔✔It is generally written on an open perils basis, excluding losses by perils that
are covered under standard property forms
Under Part A of a Personal Auto policy, which of the following losses would be
covered? - 🧠ANSWER ✔✔Damage to a neighbor's parked car
Assumption of Risk - 🧠ANSWER ✔✔Not an element of negligence
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
, 2
Which of the following coverages is not provided by the Personal Liability
Supplement? - 🧠ANSWER ✔✔Medical payments to a regular resident of the
dwelling who sustains an injury
Truckers Coverage Form - 🧠ANSWER ✔✔Covers business exposures of motor
carriers for hire who transport the goods of others, rather than its own goods.
Under a Homeowners policy, how much coverage is provided for theft or
unauthorized use of a credit or debit card? - 🧠ANSWER ✔✔500
Valuation Clause - 🧠ANSWER ✔✔A condition under a Building and Personal
Property Coverage Form that determines how losses will be paid?
Discovery Form - 🧠ANSWER ✔✔A crime for that requires the use of a
Retroactive Date
The Farm Liability Policy WOULD NOT cover? - 🧠ANSWER ✔✔A neighbor
who is accidentally hurt on the insured's farm makes a claim for medical payments
4 years after suffering injury
False Advertising - 🧠ANSWER ✔✔It is an unfair trade practice to present any
information that is misleading about any insurer in the conduct of their insurance
business.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
, 3
The Personal Liability endorsement DOES NOT provide coverage for which of the
following? - 🧠ANSWER ✔✔Injury caused to a regular resident of the dwelling.
The Additional Coverages part of a property insurance policy provides: -
🧠ANSWER ✔✔Coverage automatically included in the policy to supplement the
basic coverages in the Insuring Agreement without an additional premium
Premises liability exposure - 🧠ANSWER ✔✔Not a contingent liability exposure
Part D of the Personal Auto Policy provides which of the following coverages? -
🧠ANSWER ✔✔Coverage for Damage to Your Auto
Which statement about the Builders Risk form is NOT correct? - 🧠ANSWER
✔✔Coverage is always written on an open peril basis
Which of the following statements about a property policy is false? - 🧠ANSWER
✔✔The purpose of coinsurance is to have the insure retain part of the risk
A Broad Form Homeowners policy would NOT cover which of the following
losses? - 🧠ANSWER ✔✔Water damage to personal property stored in the
basement after a sump pump overflows
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
, 4
Insureds under Part C - Uninsured Motorists Coverage of a Personal Auto policy
include: - 🧠ANSWER ✔✔A family member, occupying an insured auto struck by
an uninsured vehicle
Combined single limits - 🧠ANSWER ✔✔The policy liability limits that may be
applied to either bodily injury or property damage, in any combination
Which of the following is NOT one of the limits of liability provided by the CGL?
- 🧠ANSWER ✔✔Bodily injury limit
A person operating a motor vehicle who is not able to provide current proof of
financial responsibility in the vehicle when requested by a Nebraska law
enforcement officer is allowed _____ days to prove that financial responsibility
was in effect at the time of the request. - 🧠ANSWER ✔✔10
Which coverage is NOT an Additional Coverage under the Businessowners
Coverage Form? - 🧠ANSWER ✔✔Equipment breakdown
Section II of a Homeowners policy may cover which of the following incidents? -
🧠ANSWER ✔✔Bodily injury to a stranger, caused by an insured's activities while
picnicking at a city park
The insured is part of a homeowners association. After a property loss to the
common area owned by all of the association's members, the insured is assessed
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 4
STATEMENT. ALL RIGHTS RESERVED
Property and Casualty Insurance
2025/2026 Exam Questions and Answers
| 100% Solved
An organization that writes liability insurance to cover the liability exposure for
the mining engineers that belong to its associations is: - 🧠ANSWER ✔✔A Risk
Retention Group
Which of the following parties may assign a standard property policy? -
🧠ANSWER ✔✔The insurer with prior written permission of the insurer
The Difference in Conditions Policy is a special form used to fill in gaps of a
property policy. Which of the following is true regarding this policy? - 🧠ANSWER
✔✔It is generally written on an open perils basis, excluding losses by perils that
are covered under standard property forms
Under Part A of a Personal Auto policy, which of the following losses would be
covered? - 🧠ANSWER ✔✔Damage to a neighbor's parked car
Assumption of Risk - 🧠ANSWER ✔✔Not an element of negligence
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
, 2
Which of the following coverages is not provided by the Personal Liability
Supplement? - 🧠ANSWER ✔✔Medical payments to a regular resident of the
dwelling who sustains an injury
Truckers Coverage Form - 🧠ANSWER ✔✔Covers business exposures of motor
carriers for hire who transport the goods of others, rather than its own goods.
Under a Homeowners policy, how much coverage is provided for theft or
unauthorized use of a credit or debit card? - 🧠ANSWER ✔✔500
Valuation Clause - 🧠ANSWER ✔✔A condition under a Building and Personal
Property Coverage Form that determines how losses will be paid?
Discovery Form - 🧠ANSWER ✔✔A crime for that requires the use of a
Retroactive Date
The Farm Liability Policy WOULD NOT cover? - 🧠ANSWER ✔✔A neighbor
who is accidentally hurt on the insured's farm makes a claim for medical payments
4 years after suffering injury
False Advertising - 🧠ANSWER ✔✔It is an unfair trade practice to present any
information that is misleading about any insurer in the conduct of their insurance
business.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
, 3
The Personal Liability endorsement DOES NOT provide coverage for which of the
following? - 🧠ANSWER ✔✔Injury caused to a regular resident of the dwelling.
The Additional Coverages part of a property insurance policy provides: -
🧠ANSWER ✔✔Coverage automatically included in the policy to supplement the
basic coverages in the Insuring Agreement without an additional premium
Premises liability exposure - 🧠ANSWER ✔✔Not a contingent liability exposure
Part D of the Personal Auto Policy provides which of the following coverages? -
🧠ANSWER ✔✔Coverage for Damage to Your Auto
Which statement about the Builders Risk form is NOT correct? - 🧠ANSWER
✔✔Coverage is always written on an open peril basis
Which of the following statements about a property policy is false? - 🧠ANSWER
✔✔The purpose of coinsurance is to have the insure retain part of the risk
A Broad Form Homeowners policy would NOT cover which of the following
losses? - 🧠ANSWER ✔✔Water damage to personal property stored in the
basement after a sump pump overflows
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
, 4
Insureds under Part C - Uninsured Motorists Coverage of a Personal Auto policy
include: - 🧠ANSWER ✔✔A family member, occupying an insured auto struck by
an uninsured vehicle
Combined single limits - 🧠ANSWER ✔✔The policy liability limits that may be
applied to either bodily injury or property damage, in any combination
Which of the following is NOT one of the limits of liability provided by the CGL?
- 🧠ANSWER ✔✔Bodily injury limit
A person operating a motor vehicle who is not able to provide current proof of
financial responsibility in the vehicle when requested by a Nebraska law
enforcement officer is allowed _____ days to prove that financial responsibility
was in effect at the time of the request. - 🧠ANSWER ✔✔10
Which coverage is NOT an Additional Coverage under the Businessowners
Coverage Form? - 🧠ANSWER ✔✔Equipment breakdown
Section II of a Homeowners policy may cover which of the following incidents? -
🧠ANSWER ✔✔Bodily injury to a stranger, caused by an insured's activities while
picnicking at a city park
The insured is part of a homeowners association. After a property loss to the
common area owned by all of the association's members, the insured is assessed
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 4
STATEMENT. ALL RIGHTS RESERVED
