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Property and Casualty Insurance – Final Exam Practice
| Multiple U.S. States | Academic Year 2025–2026 |
Complete Exam Material with Real Questions and
Correct Answers
An unlicensed employee of an insurance agency may perform all
of the following EXCEPT: ......ANSWER........A) Accept a claim
form
B) Type correspondence for a direct mail campaign
C) Deposit properly endorsed checks into the agency's bank
account
•• D) Advise an insured of coverage issues
A producer must notify the insurance division of an address
change within: ......ANSWER........A) 10 days
B) 20 days
C) 25 days
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•• D) 30 days
A Temporary License may be issued to approved individuals for
a period of: ......ANSWER........A) Twelve Months
B) Nine Months
•• C) 90 days with extensions up to 180 days
D) 30 days
Contribution by Equal Shares: ......ANSWER........A) Is applicable
in Workers Compensation
B) Is excess over primary coverage
C) Prorates coverage between all policies equally
•• D) Is a form of proportional coverage in which losses are paid
equally by all policies until one policy is exhausted, whereby the
other policy pays alone
Which of the following is NOT a requirement necessary to
qualify as a producer in Iowas? ......ANSWER........A) Pass the
exam required by statute
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B) Be a resident of the state of Iowa
C) Be of good character and company
•• D) Complete a 36-hour licensing course
All of the following are true of the Iowa's Continuing Education
Regulation EXCEPT: ......ANSWER........A) A continuing education
term is three years
B) New producers must complete 36 credits every continuing
education term
•• C) Continuing education is automatically waived for producers
that are attorneys
D) Producers must have 3 credits in ethics every CE term
All of the following applicants may be denied a producer's
license EXCEPT: ......ANSWER........•• A) An attorney
B) An individual that provides incomplete information on a
license application
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C) An applicant whose letter of clearance is dated 120 days
prior
D) A nonresident not licensed in their state of domicile
Personal liability coverage under the Dwelling Policy is:
......ANSWER........A) Automatically provided under the policy
•• B) Only provided by endorsement
C) Broader and more comprehensive than homeowner personal
liability
D) Limited to 10% of Coverage A
All of the following would be considered a hazard EXCEPT:
......ANSWER........A) Trash and debris in the basement of a home
B) Broken steps and hand railings
C) Overloaded electrical wiring
•• D) Properly stored paint and related solvents
Property and Casualty Insurance – Final Exam Practice
| Multiple U.S. States | Academic Year 2025–2026 |
Complete Exam Material with Real Questions and
Correct Answers
An unlicensed employee of an insurance agency may perform all
of the following EXCEPT: ......ANSWER........A) Accept a claim
form
B) Type correspondence for a direct mail campaign
C) Deposit properly endorsed checks into the agency's bank
account
•• D) Advise an insured of coverage issues
A producer must notify the insurance division of an address
change within: ......ANSWER........A) 10 days
B) 20 days
C) 25 days
,Page 2 of 46
•• D) 30 days
A Temporary License may be issued to approved individuals for
a period of: ......ANSWER........A) Twelve Months
B) Nine Months
•• C) 90 days with extensions up to 180 days
D) 30 days
Contribution by Equal Shares: ......ANSWER........A) Is applicable
in Workers Compensation
B) Is excess over primary coverage
C) Prorates coverage between all policies equally
•• D) Is a form of proportional coverage in which losses are paid
equally by all policies until one policy is exhausted, whereby the
other policy pays alone
Which of the following is NOT a requirement necessary to
qualify as a producer in Iowas? ......ANSWER........A) Pass the
exam required by statute
,Page 3 of 46
B) Be a resident of the state of Iowa
C) Be of good character and company
•• D) Complete a 36-hour licensing course
All of the following are true of the Iowa's Continuing Education
Regulation EXCEPT: ......ANSWER........A) A continuing education
term is three years
B) New producers must complete 36 credits every continuing
education term
•• C) Continuing education is automatically waived for producers
that are attorneys
D) Producers must have 3 credits in ethics every CE term
All of the following applicants may be denied a producer's
license EXCEPT: ......ANSWER........•• A) An attorney
B) An individual that provides incomplete information on a
license application
, Page 4 of 46
C) An applicant whose letter of clearance is dated 120 days
prior
D) A nonresident not licensed in their state of domicile
Personal liability coverage under the Dwelling Policy is:
......ANSWER........A) Automatically provided under the policy
•• B) Only provided by endorsement
C) Broader and more comprehensive than homeowner personal
liability
D) Limited to 10% of Coverage A
All of the following would be considered a hazard EXCEPT:
......ANSWER........A) Trash and debris in the basement of a home
B) Broken steps and hand railings
C) Overloaded electrical wiring
•• D) Properly stored paint and related solvents
