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LOUISIANA PROPERTY AND CASUALTY EXAM PSI & EXAMFX
VERSION 1 AND 2 NEWEST 2025/2026 ACTUAL EXAM COMPLETE
300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
VERSION 1
Which personal auto policy coverage would pay if someone is injured by a
driver with no insurance? - ANSWER-Part C- underinsured/uninsured
motorist
For a Home under construction, Theft of construction materials is excluded
from a H03 home owners policy until at what point - ANSWER-The dwelling
is finished and occupied
Under a commercial auto policy, in the event of a total loss, depreciation and
physical condition will be considered when determining the - ANSWER-
Actual cash value
Which statement about commercial property policy coverage is true? -
ANSWER-The location of the damage property and the perils selected
determine the coverage
The business owners policy cannot be sold to a - ANSWER-A) Bakery
B) Dry cleaning store
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C) Movie theater***
D) Barber shop
Jackie's boat injures a swimmer at the lake. Her homeowners policy -
ANSWER-Will pay it the sail boat is less than 26 feet in length
Personal injury is NEVER injury to a person's - ANSWER-A) Body***
B) Reputation
C)Mental state
D) Good name
To be eligible to receive Worker's Compensation benefits, employee must -
ANSWER-Be injured in a work related incident
Which is of the following automobiles is covered when an insured selects
symbol 7 on the declaration page - ANSWER-Specifically described autos
Which is not necessary to establish negligence? - ANSWER-Admission of
guilt
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What triggers coverage under the business income form with extra expense
coverage? - ANSWER-Carpet cleaning after water main break
To be paid A claim on the a property and casualty contract, when was
insurable interest exist? - ANSWER-At the time of loss
All of the Following are a producers responsibility to be insured except -
ANSWER-Settling and paying claims
Which method of handling risk involves two or more individuals agreeing to
pay a portion of any loss incurred by any member of the group - ANSWER-
Sharing
Some insured pay insurance premiums and never have A covered loss, while
others may have a catastrophic event that pays much more than a lifetime
of premiums. As a result, insurance contracts are considered to be -
ANSWER-Aleatory
What is the valuation basis for coverage b- business personal property under
the business owners policy? - ANSWER-Replacement cost
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Though they can be raised, what are the standard Homeowners limits for
coverage e personal liability and coverage f med pay to others - ANSWER-
100,000 and 1,000
A personal auto policy has uninsured/underinsured limits 100/300/100. The
policy owner is injured to the extent of 110,000 by a negligent driver with a
minimum State limits of 30/60/25. How much will the Underinsured Motorist
coverage pay? - ANSWER-70,000
What forms the basis of a loss under an insured policy? - ANSWER-A loss
What is another way of describing the structure of a mutual insurance
company? - ANSWER-Participating
Roy brought his house 10 years ago for 150,000 but it would cost 200,000
to rebuild it today. Because his house is in a highly desirable area, it's Fair
Market Value $275,000. What amount should the agent recommend that Roy
insure his house for to provide replacement cost for a total loss?
A) 150,000
B) 160,000
C)275,000
LOUISIANA PROPERTY AND CASUALTY EXAM PSI & EXAMFX
VERSION 1 AND 2 NEWEST 2025/2026 ACTUAL EXAM COMPLETE
300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
VERSION 1
Which personal auto policy coverage would pay if someone is injured by a
driver with no insurance? - ANSWER-Part C- underinsured/uninsured
motorist
For a Home under construction, Theft of construction materials is excluded
from a H03 home owners policy until at what point - ANSWER-The dwelling
is finished and occupied
Under a commercial auto policy, in the event of a total loss, depreciation and
physical condition will be considered when determining the - ANSWER-
Actual cash value
Which statement about commercial property policy coverage is true? -
ANSWER-The location of the damage property and the perils selected
determine the coverage
The business owners policy cannot be sold to a - ANSWER-A) Bakery
B) Dry cleaning store
,2|Page
C) Movie theater***
D) Barber shop
Jackie's boat injures a swimmer at the lake. Her homeowners policy -
ANSWER-Will pay it the sail boat is less than 26 feet in length
Personal injury is NEVER injury to a person's - ANSWER-A) Body***
B) Reputation
C)Mental state
D) Good name
To be eligible to receive Worker's Compensation benefits, employee must -
ANSWER-Be injured in a work related incident
Which is of the following automobiles is covered when an insured selects
symbol 7 on the declaration page - ANSWER-Specifically described autos
Which is not necessary to establish negligence? - ANSWER-Admission of
guilt
,3|Page
What triggers coverage under the business income form with extra expense
coverage? - ANSWER-Carpet cleaning after water main break
To be paid A claim on the a property and casualty contract, when was
insurable interest exist? - ANSWER-At the time of loss
All of the Following are a producers responsibility to be insured except -
ANSWER-Settling and paying claims
Which method of handling risk involves two or more individuals agreeing to
pay a portion of any loss incurred by any member of the group - ANSWER-
Sharing
Some insured pay insurance premiums and never have A covered loss, while
others may have a catastrophic event that pays much more than a lifetime
of premiums. As a result, insurance contracts are considered to be -
ANSWER-Aleatory
What is the valuation basis for coverage b- business personal property under
the business owners policy? - ANSWER-Replacement cost
, 4|Page
Though they can be raised, what are the standard Homeowners limits for
coverage e personal liability and coverage f med pay to others - ANSWER-
100,000 and 1,000
A personal auto policy has uninsured/underinsured limits 100/300/100. The
policy owner is injured to the extent of 110,000 by a negligent driver with a
minimum State limits of 30/60/25. How much will the Underinsured Motorist
coverage pay? - ANSWER-70,000
What forms the basis of a loss under an insured policy? - ANSWER-A loss
What is another way of describing the structure of a mutual insurance
company? - ANSWER-Participating
Roy brought his house 10 years ago for 150,000 but it would cost 200,000
to rebuild it today. Because his house is in a highly desirable area, it's Fair
Market Value $275,000. What amount should the agent recommend that Roy
insure his house for to provide replacement cost for a total loss?
A) 150,000
B) 160,000
C)275,000
