GEORGIA PROPERTY AND CASUALTY INSURANCE
EXAM AND PRACTICE EXAM NEWEST 2026/ 2027
TEST BANK| COMPLETE 550 REAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A+| PROPERTY AND CASUALTY INSURANCE
EXAM PREP - GEORGIA (MOST RECENT!!)
The attempt to restore an insured to his pre-loss condition is known as
A. indemnification
B. self-insurance
C. Subrogation
D. Coinsurance - Correct Answer - A. indemnification
Insurers that deal directly with insureds without the use of agents are
known as
A. Direct Response
B reciprocals
C. mass marketers
D. Independent Insurers - Correct Answer - A. Direct Response
Truckers who transport hazardous materials are required to have an
endorsement called
A. Form MCS-90
B. Form W-2
C. Form MCS-70
pg. 1
,D. Form 1099 - Correct Answer - A. Form MCS-90
Once an injured employee has received benefits provided under workers'
compensation, that employee may not file a suit against her employer to
gain additional benefits. This is the def. of
A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - Correct Answer - D. executive remedy
Under the commercial package policy, the person whose name is listed
first in the declarations and is assigned certain responsibilities and
obligations is
A. the additional insured
B. the names insured
C. the primary insured
D. the first named insured - Correct Answer - D. the first named insured
Self-insurance is an example of what type of risk management
A. Retention
B. Sharing
C. transfer
D. Avoidance - Correct Answer - A. Retention
Which of the following homeowners endorsement is used to provide
separate coverage for one or more of 9 categories of personal property?
pg. 2
,A. Personal articles
B. Personal effects
C. Personal property
D. Scheduled personal property - Correct Answer - D. Scheduled
personal property
Which of the following property forms should be used when it is
difficult to provide the Ins. company with an accurate statement of
values because of fluctuations in inventory from month to month?
A. Nonreporting form
B. Schedule form
C. Peaking season
D. Reporting form - Correct Answer - D. Reporting form
Commercial umbrella policies are written over all of the primary
liability coverages EXCEPT
A. Employers' liability
B. commercial general liability
C. business auto
D. Workers' comp - Correct Answer - D. Workers' comp
Which of the following is not a category of the nationwide definition for
marine risks ?
A. excess liability
B. instrumantalities of transportation
C. Exports
pg. 3
, D. Commercial property floater risks - Correct Answer - A. excess
liability
Which of the following terms describes an insurance company that has
been organized outside the US or its possessions?
A. alien
B. remote
C. reciprocal
D. foreign - Correct Answer - A. alien
The only newspaper in clarksville was severely damaged by a tornado.
the paper must be printed for several weeks at another printing facility in
a distant town. Under which ins policy is that covered ?
A. dependent properties
B. Business income
C. contributing location coverage
D. Extra expense - Correct Answer – D. Extra expense
Which of the following auto coverages insures only the policyholder's
legal liability ?
A. Bodily injury/property damage
B. Comprehensive
C. Uninsured motorist
D. Collision - Correct Answer - A. Bodily injury/property damage
pg. 4
EXAM AND PRACTICE EXAM NEWEST 2026/ 2027
TEST BANK| COMPLETE 550 REAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A+| PROPERTY AND CASUALTY INSURANCE
EXAM PREP - GEORGIA (MOST RECENT!!)
The attempt to restore an insured to his pre-loss condition is known as
A. indemnification
B. self-insurance
C. Subrogation
D. Coinsurance - Correct Answer - A. indemnification
Insurers that deal directly with insureds without the use of agents are
known as
A. Direct Response
B reciprocals
C. mass marketers
D. Independent Insurers - Correct Answer - A. Direct Response
Truckers who transport hazardous materials are required to have an
endorsement called
A. Form MCS-90
B. Form W-2
C. Form MCS-70
pg. 1
,D. Form 1099 - Correct Answer - A. Form MCS-90
Once an injured employee has received benefits provided under workers'
compensation, that employee may not file a suit against her employer to
gain additional benefits. This is the def. of
A. Contributory negligence
B. the fellow servant rule
C. Assumption of risk
D. Exclusive remedy - Correct Answer - D. executive remedy
Under the commercial package policy, the person whose name is listed
first in the declarations and is assigned certain responsibilities and
obligations is
A. the additional insured
B. the names insured
C. the primary insured
D. the first named insured - Correct Answer - D. the first named insured
Self-insurance is an example of what type of risk management
A. Retention
B. Sharing
C. transfer
D. Avoidance - Correct Answer - A. Retention
Which of the following homeowners endorsement is used to provide
separate coverage for one or more of 9 categories of personal property?
pg. 2
,A. Personal articles
B. Personal effects
C. Personal property
D. Scheduled personal property - Correct Answer - D. Scheduled
personal property
Which of the following property forms should be used when it is
difficult to provide the Ins. company with an accurate statement of
values because of fluctuations in inventory from month to month?
A. Nonreporting form
B. Schedule form
C. Peaking season
D. Reporting form - Correct Answer - D. Reporting form
Commercial umbrella policies are written over all of the primary
liability coverages EXCEPT
A. Employers' liability
B. commercial general liability
C. business auto
D. Workers' comp - Correct Answer - D. Workers' comp
Which of the following is not a category of the nationwide definition for
marine risks ?
A. excess liability
B. instrumantalities of transportation
C. Exports
pg. 3
, D. Commercial property floater risks - Correct Answer - A. excess
liability
Which of the following terms describes an insurance company that has
been organized outside the US or its possessions?
A. alien
B. remote
C. reciprocal
D. foreign - Correct Answer - A. alien
The only newspaper in clarksville was severely damaged by a tornado.
the paper must be printed for several weeks at another printing facility in
a distant town. Under which ins policy is that covered ?
A. dependent properties
B. Business income
C. contributing location coverage
D. Extra expense - Correct Answer – D. Extra expense
Which of the following auto coverages insures only the policyholder's
legal liability ?
A. Bodily injury/property damage
B. Comprehensive
C. Uninsured motorist
D. Collision - Correct Answer - A. Bodily injury/property damage
pg. 4
