Texas Personal Lines Insurance Exam || QUESTIONS
WITH ALL PASSED ANSWERS.
How does the mobilehome endorsement affect the other coverage of law or ordinance in a
homeowners policy? correct answers
In insurance, an offer is usually made when correct answers An applicant submits an application
to the insurer
Under a personal auto policy, in which of the following locations would a vehicle primarily
garaged in California be covered correct answers Any other state
In a personal auto policy, the medical payments coverage is similar to correct answers accident
insurance, because it pays medical expenses regardless of fault
The Federal Fair Credit Reporting Act correct answers Regulates consumer reports
For a contract to be enforceable by law, the purpose of the contract must be correct answers
Legal and not against public policy
In the personal auto policy, owned trailers being towed by an insured auto are automatically
covered for correct answers UM coverage
The amount an insurer will pay under Coverage D(loss of use) depends on correct answers The
amount of coverage on the dwelling
An insured's house is damaged by a fire and is uninhabitable. AS a result, the insured has to rent
an apartment until repairs are made. A dwlling insurance policy will pay for the expense of
renting the apartment. Which type of broad or special form coverage does the insured have?
correct answers coverage E - additional living expense
All of the following are supplemental payments included in the liability section of a personal
auto policy EXCEPT correct answers Up to $100 for the cost to secure the release of a vehicle
from an impoundment lot following a covered accident
Payment for medical expenses, loss of wages, funeral expenses, correct answers special- special
damages are tangible damages that can be specifically measured in dollar amounts (such as out
of pocket expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single amount is referred to as
correct answers Blanket
All of the following statements describe the concept of strict liability EXCEPT correct answers It
is imposed on defendants engaged in hazardous activities
, All of the following are conditions commonly found in the insurance policy EXCEPT correct
answers Insuring Agreement
What type of information would be found in a policy's insuring agreement? correct answers
Renewal Dates
An insurance contract must contain all of the following to be considered legally binding
EXCEPT correct answers Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur? correct answers When an
insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a portion of the loss no
greater than the amount the insurer bears to all the insurance covering the property is called
correct answers Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an
insurance contract? correct answers Warranty
Which of the following would qualify as a competent party in an insurance contract correct
answers The applicant has a prior felony conviction
The proof of loss statement must be correct answers in writing
Who is responsible for filling out a notice of claim form correct answers Insured
What is the minimum amount of coverage that should be carried on an HO2 on a home that was
purchased 4 years ago for $75,000, which today has a replacement value of $100,000 correct
answers $80,000 - due to it needing to be insured at least 80% of rc in order to collect the full rc
of a partial loss
Which of the following property coverages would provide protection to contents damaged by
fire? correct answers Coverage C
If an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it
from a covered peril, the policy will pay up to correct answers $500
Under which of the following conditions can broad theft coverage be added to a dwelling policy
correct answers if the insured is owner-occupant of the dwelling
Under the dwelling policy, coverage c - personal property is correct answers limited to covering
a servant's property while at the insured location
A mobile homeowners policy us structured the same as a correct answers Homeowners policy
WITH ALL PASSED ANSWERS.
How does the mobilehome endorsement affect the other coverage of law or ordinance in a
homeowners policy? correct answers
In insurance, an offer is usually made when correct answers An applicant submits an application
to the insurer
Under a personal auto policy, in which of the following locations would a vehicle primarily
garaged in California be covered correct answers Any other state
In a personal auto policy, the medical payments coverage is similar to correct answers accident
insurance, because it pays medical expenses regardless of fault
The Federal Fair Credit Reporting Act correct answers Regulates consumer reports
For a contract to be enforceable by law, the purpose of the contract must be correct answers
Legal and not against public policy
In the personal auto policy, owned trailers being towed by an insured auto are automatically
covered for correct answers UM coverage
The amount an insurer will pay under Coverage D(loss of use) depends on correct answers The
amount of coverage on the dwelling
An insured's house is damaged by a fire and is uninhabitable. AS a result, the insured has to rent
an apartment until repairs are made. A dwlling insurance policy will pay for the expense of
renting the apartment. Which type of broad or special form coverage does the insured have?
correct answers coverage E - additional living expense
All of the following are supplemental payments included in the liability section of a personal
auto policy EXCEPT correct answers Up to $100 for the cost to secure the release of a vehicle
from an impoundment lot following a covered accident
Payment for medical expenses, loss of wages, funeral expenses, correct answers special- special
damages are tangible damages that can be specifically measured in dollar amounts (such as out
of pocket expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single amount is referred to as
correct answers Blanket
All of the following statements describe the concept of strict liability EXCEPT correct answers It
is imposed on defendants engaged in hazardous activities
, All of the following are conditions commonly found in the insurance policy EXCEPT correct
answers Insuring Agreement
What type of information would be found in a policy's insuring agreement? correct answers
Renewal Dates
An insurance contract must contain all of the following to be considered legally binding
EXCEPT correct answers Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur? correct answers When an
insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a portion of the loss no
greater than the amount the insurer bears to all the insurance covering the property is called
correct answers Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an
insurance contract? correct answers Warranty
Which of the following would qualify as a competent party in an insurance contract correct
answers The applicant has a prior felony conviction
The proof of loss statement must be correct answers in writing
Who is responsible for filling out a notice of claim form correct answers Insured
What is the minimum amount of coverage that should be carried on an HO2 on a home that was
purchased 4 years ago for $75,000, which today has a replacement value of $100,000 correct
answers $80,000 - due to it needing to be insured at least 80% of rc in order to collect the full rc
of a partial loss
Which of the following property coverages would provide protection to contents damaged by
fire? correct answers Coverage C
If an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it
from a covered peril, the policy will pay up to correct answers $500
Under which of the following conditions can broad theft coverage be added to a dwelling policy
correct answers if the insured is owner-occupant of the dwelling
Under the dwelling policy, coverage c - personal property is correct answers limited to covering
a servant's property while at the insured location
A mobile homeowners policy us structured the same as a correct answers Homeowners policy
