New Mexico Insurance: Property and Casualty license (Latest 2025/2026 Update) Questions with Verified Answers | 100% Correct | Graded A.

New Mexico Insurance: Property and
Casualty license (Latest 2025/2026
Update) Questions with Verified
Answers | 100% Correct | Graded A.

Question:

Dwelling property policies do not cover breakage of glass after how many
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days of vacancy??
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Answer:
60




Question:

Where do you read on a HO policy to determine who is the "insured'??
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Answer:

Definitions




Question:

Expediting expense on a Boiler & Machinery policy covers what??
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Answer:

,temporary repair or temporary replacement NOT PERMANENT
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Question:

Bailee's Customer's Goods Floater is written for who??
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Answer:

Dry cleaners and appliance repair shops
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Question:
Max coverage permitted under the regular NFIP program is how much for
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a single family home??
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Answer:

$250,000




Question:
What are the two parts that are always included in package policies??
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Answer:

Property and Liability i,- i,-




Question:

, Trip transit policy covers cargo for how many trips??
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Answer:

one specific trip
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Question:

Purpose of subrogation is to?
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Answer:

keep the insured from collecting twice
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Question:

Four parts of a policy D-I-C-E?
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Answer:
Declarations, Insuring Agreement, Conditions, Exclusions
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Question:

Elements of a legal contract C-O-A-L?
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Answer:

Consideration, Offer, Acceptance, Legal purpose and Legal capacity
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