LOUISIANA PROPERTY AND CASUALTY
INSURANCE PRACTICE SET 2026 FULL
SOLUTION
◉ One of the advantages of the BOP is that it is ____, which means
that many of the coverage questions have been predetermined by
the insurance company which lowers the _____. Answer:
Prepackaged, Premium
◉ The BOP automatically includes both ____ coverage's and ____
coverage's. Answer: Property and Liability
◉ Eligible for a BOP are small to medium _____ businesses. Answer:
Low risk
◉ Ineligible for a BOP are high risk businesses, such as auto repair
businesses, auto service stations, auto dealers, parking garages,
____,_____,____ or ______ (no Cars, Bars, Banks or Manufacturing).
Answer: bars, large restaurants, banks or manufacturing businesses
◉ The BOP offers two levels of peril power: ____(Standard) or _____.
Answer: Basic or Special
,◉ Both the building and the _____ are automatically covered. Answer:
Contents
◉ The BOP standard deductible is $____. Answer: $500
◉ The BOP does NOT contain a Coinsurance requirement; however,
there is an incentive to purchase an adequate amount of coverage. If
you purchase at least _______, your loss settlement will be on a
Replacement Cost basis instead of on an ___ basis. Answer: 80
percent to value, ACV
◉ The BOP automatically provides _____, ______coverage for Loss of
Income and Extra Expense. However, there is a ______ time based
deductible. Answer: months, 72 hour (3 Day) coverage, 72 hour (3
Day)
◉ The BOP has a built in peak season benefit that automatically
allows for up to a __ percent increase in business inventory without
the necessity of notifying the insurance company. Answer: 25
◉ Optional BOP coverage's include Outdoor Signs, ____, ______, _____ ,
_____ and Money and Securities. Answer: Employee Dishonesty,
Mechanical Breakdown, Burglary and Robbery
,◉ The BOP Endorsement that gives a business a premium reduction
for installing burglar alarms or fire alarms is called Protective _____.
Answer: Safeguards
◉ Under the Protective Safeguards endorsement, your burglar alarm
can be out of service for up to _____ without notifying the company
before you lose coverage. Answer: 48 hours (two days)
◉ The Commercial Property module of the Commercial Package
Policy excludes coverage for losses due to boiler ____ or _____
breakdown. Answer: Explosion or Mechanical
◉ The Boiler and Machinery (B and M) module is the way to _____
these Exclusions. Answer: Buy back
◉ B and M policies are written on an ____ basis, not on an occurrence
basis. Answer: Accident
◉ The Boiler coverage is best described as ____ against _____. Answer:
objects against accidents
◉ The Machinery coverage of the B and M module is for the ____ and
____ breakdown of mechanical or electrical equipment. Answer:
sudden and accidental
, ◉ ______ that can be insured under a B and M policy include boilers,
air conditioning units, engines, pumps, electrical panels, turbines,
and compressors. Answer: Objects
◉ The B and M policy covers not only your own property, but also
other people's property that is in your ___,____, and ____. Answer:
Care, Custody and Control.
◉ In order to get damaged equipment repaired as soon as possible,
the B and M policy pays up to $25,000 in ______. Answer: Expediting
Expenses
◉ Under the ______ an insurance company boiler inspector may
immediately suspend coverage by giving the Insured written notice
of the boiler defect. Answer: Suspension Provision
◉ Business Income and ______ coverage's can be added to the B and
M policy. Answer: Extra Expense
◉ Unfortunately the biggest risk that an employer has regarding
Crime insurance is his/her own ___. Answer: Employees
◉ As an employer you can protect yourself against employee theft
by purchasing _____. Answer: Fidelity Bonds
INSURANCE PRACTICE SET 2026 FULL
SOLUTION
◉ One of the advantages of the BOP is that it is ____, which means
that many of the coverage questions have been predetermined by
the insurance company which lowers the _____. Answer:
Prepackaged, Premium
◉ The BOP automatically includes both ____ coverage's and ____
coverage's. Answer: Property and Liability
◉ Eligible for a BOP are small to medium _____ businesses. Answer:
Low risk
◉ Ineligible for a BOP are high risk businesses, such as auto repair
businesses, auto service stations, auto dealers, parking garages,
____,_____,____ or ______ (no Cars, Bars, Banks or Manufacturing).
Answer: bars, large restaurants, banks or manufacturing businesses
◉ The BOP offers two levels of peril power: ____(Standard) or _____.
Answer: Basic or Special
,◉ Both the building and the _____ are automatically covered. Answer:
Contents
◉ The BOP standard deductible is $____. Answer: $500
◉ The BOP does NOT contain a Coinsurance requirement; however,
there is an incentive to purchase an adequate amount of coverage. If
you purchase at least _______, your loss settlement will be on a
Replacement Cost basis instead of on an ___ basis. Answer: 80
percent to value, ACV
◉ The BOP automatically provides _____, ______coverage for Loss of
Income and Extra Expense. However, there is a ______ time based
deductible. Answer: months, 72 hour (3 Day) coverage, 72 hour (3
Day)
◉ The BOP has a built in peak season benefit that automatically
allows for up to a __ percent increase in business inventory without
the necessity of notifying the insurance company. Answer: 25
◉ Optional BOP coverage's include Outdoor Signs, ____, ______, _____ ,
_____ and Money and Securities. Answer: Employee Dishonesty,
Mechanical Breakdown, Burglary and Robbery
,◉ The BOP Endorsement that gives a business a premium reduction
for installing burglar alarms or fire alarms is called Protective _____.
Answer: Safeguards
◉ Under the Protective Safeguards endorsement, your burglar alarm
can be out of service for up to _____ without notifying the company
before you lose coverage. Answer: 48 hours (two days)
◉ The Commercial Property module of the Commercial Package
Policy excludes coverage for losses due to boiler ____ or _____
breakdown. Answer: Explosion or Mechanical
◉ The Boiler and Machinery (B and M) module is the way to _____
these Exclusions. Answer: Buy back
◉ B and M policies are written on an ____ basis, not on an occurrence
basis. Answer: Accident
◉ The Boiler coverage is best described as ____ against _____. Answer:
objects against accidents
◉ The Machinery coverage of the B and M module is for the ____ and
____ breakdown of mechanical or electrical equipment. Answer:
sudden and accidental
, ◉ ______ that can be insured under a B and M policy include boilers,
air conditioning units, engines, pumps, electrical panels, turbines,
and compressors. Answer: Objects
◉ The B and M policy covers not only your own property, but also
other people's property that is in your ___,____, and ____. Answer:
Care, Custody and Control.
◉ In order to get damaged equipment repaired as soon as possible,
the B and M policy pays up to $25,000 in ______. Answer: Expediting
Expenses
◉ Under the ______ an insurance company boiler inspector may
immediately suspend coverage by giving the Insured written notice
of the boiler defect. Answer: Suspension Provision
◉ Business Income and ______ coverage's can be added to the B and
M policy. Answer: Extra Expense
◉ Unfortunately the biggest risk that an employer has regarding
Crime insurance is his/her own ___. Answer: Employees
◉ As an employer you can protect yourself against employee theft
by purchasing _____. Answer: Fidelity Bonds
