Property & Casualty Insurance
CERTIFICATION PAPER 2026 FULL
SOLUTION GRADED A+
● Which of the following is not a part of the structure of a property or
casualty insurance policy? Answer: explanations
● Which of the following terms describes the person listed first on the
declarations page of a policy when there is more than one named
insured? Answer: first-named insured
● G's policy states that a loss will not be covered unless it occurs within
the US or Canada. What's the name of this provision in his policy?
Answer: the policy territory provision
● When an insured decides to cancel an insurance policy before the
explanation date, the unearned premium is returned on... Answer: a short
rate basis
● T and M have insurance protection for their home with a policy
deductible of $500. One night, a thunderstorm knocks a tree onto their
roof and causes $2,500 in damage. How much money will the insurance
company pay to T and M to fix their roof? Answer: $2,000
CERTIFICATION PAPER 2026 FULL
SOLUTION GRADED A+
● Which of the following is not a part of the structure of a property or
casualty insurance policy? Answer: explanations
● Which of the following terms describes the person listed first on the
declarations page of a policy when there is more than one named
insured? Answer: first-named insured
● G's policy states that a loss will not be covered unless it occurs within
the US or Canada. What's the name of this provision in his policy?
Answer: the policy territory provision
● When an insured decides to cancel an insurance policy before the
explanation date, the unearned premium is returned on... Answer: a short
rate basis
● T and M have insurance protection for their home with a policy
deductible of $500. One night, a thunderstorm knocks a tree onto their
roof and causes $2,500 in damage. How much money will the insurance
company pay to T and M to fix their roof? Answer: $2,000
