TEXAS PROPERTY AND CASUALTY
TEST FINAL EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 500
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100%
CORRECT ANSWERS) /A+ STUDY
MATERIAL
If the Insurer and the Insured disagree that the liability
policy does or does not provide coverage, the claim will go
to - ....ANSWER...arbitration
in each party pays for one and a half persons
involved - ....ANSWER...arbitration
in arbitration there are arbitrators -
....ANSWER...three
the cancellation provisions are found in the
section of the policy - ....ANSWER...conditions
1
,the insured must promptly tell the insurer about a
- ....ANSWER...claim
the other insurance clause is also known as the -
- ....ANSWER...pro-rata liability clause
- does not mean equal, it is proportionate -
....ANSWER...pro-rata
the act protects consumers against the
circulation of inaccurate or obsolete personal or financial
information. - ....ANSWER...fair credit reporting act
the - - act requires that a customer be given
out a privacy notice at the time the customer relationship
is initially established and thereafter annually. -
....ANSWER...gramm-leach-bliley act
the insurance act applies to commercial policies
only - ....ANSWER...terrorism risk insurance act (TRIA)
the main difference between the various
forms is the property perils insured against -
2
,....ANSWER...dwelling policy (DP)
DP policies do not cover personal liability, although it can
be added by adding an endorsement known as a
for an additional premium charge -
....ANSWER...personal liability supplement
DP policies contain general exclusions for damage due to
war, nuclear hazard, and flood but not -
....ANSWER...wind
on a dwelling policy, other structures coverage will apply
to a structure rented out as a -
....ANSWER...private garage
DP policies do not cover of after 60 days
of vacancy - ....ANSWER...breakage of glass
DP policies do not cover of unless the heat
was left on - ....ANSWER...freezing of plumbing
the on which the insured dwelling sits on is not
insurable - ....ANSWER...land
3
, , also known as the automatic increase
endorsement, must be added to a DP policy by
endorsement - ....ANSWER...inflation guard
4
TEST FINAL EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 500
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100%
CORRECT ANSWERS) /A+ STUDY
MATERIAL
If the Insurer and the Insured disagree that the liability
policy does or does not provide coverage, the claim will go
to - ....ANSWER...arbitration
in each party pays for one and a half persons
involved - ....ANSWER...arbitration
in arbitration there are arbitrators -
....ANSWER...three
the cancellation provisions are found in the
section of the policy - ....ANSWER...conditions
1
,the insured must promptly tell the insurer about a
- ....ANSWER...claim
the other insurance clause is also known as the -
- ....ANSWER...pro-rata liability clause
- does not mean equal, it is proportionate -
....ANSWER...pro-rata
the act protects consumers against the
circulation of inaccurate or obsolete personal or financial
information. - ....ANSWER...fair credit reporting act
the - - act requires that a customer be given
out a privacy notice at the time the customer relationship
is initially established and thereafter annually. -
....ANSWER...gramm-leach-bliley act
the insurance act applies to commercial policies
only - ....ANSWER...terrorism risk insurance act (TRIA)
the main difference between the various
forms is the property perils insured against -
2
,....ANSWER...dwelling policy (DP)
DP policies do not cover personal liability, although it can
be added by adding an endorsement known as a
for an additional premium charge -
....ANSWER...personal liability supplement
DP policies contain general exclusions for damage due to
war, nuclear hazard, and flood but not -
....ANSWER...wind
on a dwelling policy, other structures coverage will apply
to a structure rented out as a -
....ANSWER...private garage
DP policies do not cover of after 60 days
of vacancy - ....ANSWER...breakage of glass
DP policies do not cover of unless the heat
was left on - ....ANSWER...freezing of plumbing
the on which the insured dwelling sits on is not
insurable - ....ANSWER...land
3
, , also known as the automatic increase
endorsement, must be added to a DP policy by
endorsement - ....ANSWER...inflation guard
4
