Kentucky Property & Casualty Exam 2025 –
Complete Study Guide & Practice Questions
real exam!!!
If the building in which a business operates is a total loss which of the following expenses will not be
covered under business income coverage?
Rent
Net Income
Utility Bills
Payroll - ANSWER ✔---Utility Bills
Business income does not pay for expenses that are susceptible to the shutdown (no building meanswer
no electric or gas bills) and only continuing expenses of the business are paid
Under KY licensing rules, an independent adjuster is all of these EXCEPT:
*Someone who investigates, negotiates, or settles property, casualty, or workers' compensation claims
for insurers or self-insurers
*Compensated by an insurer or self-insurer
*A salaried employee of an insurance company
,*An independent contractor, an employee of an independent contractor, or for tax purposes is treated
as an independent contractor - ANSWER ✔---A salaried employee of an insurance company
An insurance agent may qualify for a license in any of the following lines of authority EXCEPT:
Health
Property
Life
Flight insurance - ANSWER ✔---Flight Insurance
An insurer under Kentucky law may be classified as any of the following EXCEPT:
Foreign
Alien
Domestic
External - ANSWER ✔---External
An insurer under Kentucky law may be:
Permitted
Allowed
Authorized
Permissive - ANSWER ✔---Authorized
All of the following are exempt from licensure as an insurance producer EXCEPT:
*Individual who sells or solicits insurance policies or annuities
*Employer or its officers and employees engaged in administrative of its own employees
*Officer or director of a producer who does not receive commissions
, *A business entity whose Kentucky activity is limited to advertising without the intent to solicit in
printed publications - ANSWER ✔---Individual who sells or solicits insurance policies or annuities
A license renewal app can be delayed upon application for all of the following EXCEPT:
A class reunion
Other extenuating circumstances approved by the Commissioner
Long-term medical disability
Military services - ANSWER ✔---A class reunion
Each broker must pay a premium tax:
Of 17.5%
Of 10% every year
Of 15% once a month
Of 3% within 30 days of the end of the quarter - ANSWER ✔---Of 3% within 30 days of the end of
the quarter
An applicant will be notified of a positive HIV test. The notification will include all of the following
EXCEPT:
The possible need for another test
The availability of any appropriate health care services in the geographic area
Benefits of locating persons by whom the applicant may have been exposed to the virus
A required wallet notice that the applicant is HIV-positive - ANSWER ✔---A required wallet notice
that the applicant is HIV-positive
In relation to HIV testing, an insurer:
May require results regardless of the amount of insurance applied for
Complete Study Guide & Practice Questions
real exam!!!
If the building in which a business operates is a total loss which of the following expenses will not be
covered under business income coverage?
Rent
Net Income
Utility Bills
Payroll - ANSWER ✔---Utility Bills
Business income does not pay for expenses that are susceptible to the shutdown (no building meanswer
no electric or gas bills) and only continuing expenses of the business are paid
Under KY licensing rules, an independent adjuster is all of these EXCEPT:
*Someone who investigates, negotiates, or settles property, casualty, or workers' compensation claims
for insurers or self-insurers
*Compensated by an insurer or self-insurer
*A salaried employee of an insurance company
,*An independent contractor, an employee of an independent contractor, or for tax purposes is treated
as an independent contractor - ANSWER ✔---A salaried employee of an insurance company
An insurance agent may qualify for a license in any of the following lines of authority EXCEPT:
Health
Property
Life
Flight insurance - ANSWER ✔---Flight Insurance
An insurer under Kentucky law may be classified as any of the following EXCEPT:
Foreign
Alien
Domestic
External - ANSWER ✔---External
An insurer under Kentucky law may be:
Permitted
Allowed
Authorized
Permissive - ANSWER ✔---Authorized
All of the following are exempt from licensure as an insurance producer EXCEPT:
*Individual who sells or solicits insurance policies or annuities
*Employer or its officers and employees engaged in administrative of its own employees
*Officer or director of a producer who does not receive commissions
, *A business entity whose Kentucky activity is limited to advertising without the intent to solicit in
printed publications - ANSWER ✔---Individual who sells or solicits insurance policies or annuities
A license renewal app can be delayed upon application for all of the following EXCEPT:
A class reunion
Other extenuating circumstances approved by the Commissioner
Long-term medical disability
Military services - ANSWER ✔---A class reunion
Each broker must pay a premium tax:
Of 17.5%
Of 10% every year
Of 15% once a month
Of 3% within 30 days of the end of the quarter - ANSWER ✔---Of 3% within 30 days of the end of
the quarter
An applicant will be notified of a positive HIV test. The notification will include all of the following
EXCEPT:
The possible need for another test
The availability of any appropriate health care services in the geographic area
Benefits of locating persons by whom the applicant may have been exposed to the virus
A required wallet notice that the applicant is HIV-positive - ANSWER ✔---A required wallet notice
that the applicant is HIV-positive
In relation to HIV testing, an insurer:
May require results regardless of the amount of insurance applied for
