LOUISIANA PROPERTY AND CASUALTY
INSURANCE REVIEW FILE 2026 TESTED
QUESTIONS
◉ Just like a baseball team, the CGL has ___ ''players,'' including
Premises coverage, Operations coverage, _____ coverage, ____
coverage, Contractual and Advertising Injury coverage. Answer:
Nine, Products, and Fire Legal
◉ While the CGL comes with nine coverage's, some can be
eliminated by _____ coverage's to save premium for the Insured.
Answer: endorsement
◉ If a customer trips and falls in your store, you would be covered
by the _____ Liability section of your CGL. Answer: Premises
◉ If you sold a defective product to a customer, you would be
protected by the _____ section of your CGL. Answer: Products Liability
◉ If you hire a contractor to come into your store to do some repairs
and that contractor injures one of your customers, you would be
covered by the ______ section of your CGL. Answer: Independent
Contractors Liability
,◉ If you accidentally set your leased store on fire, you would be
covered by the _____ section of your CGL. Answer: Fire Legal Liability
◉ If you are sued for unintentionally using another business's logo,
you would be covered by the ______ section of your CGL. Answer:
Advertising Injury Liability
◉ The first module of the Commercial Package Policy (CPP), which
covers your building and business personal property, is called the
_____. Answer: Commercial Property Policy
◉ The Commercial Property Policy is comprised of thirteen possible
sub-parts to cover about any kind of property you could own,
including ______, Business Income, _____, Glass, Builder's Risk and
Tobacco Sales Warehouse. Answer: Building and Business Personal
Property, Extra Expense
◉ The Commercial Property Policy, just like the Homeowners policy,
offers three levels of peril power, which are Basic, ____ and ____.
Answer: Broad and special
◉ The eleven Basic perils include Windstorm, ___, _____, ____, ____,
_____, Volcano and Vehicles or Aircraft. Answer: Riot, Explosion,
Lightning, Fire, Smoke
,◉ Broad Form peril power adds ____ more perils for a total of ____.
Answer: Three, 14
◉ _____ perils cover all perils not specifically excluded. Answer:
Special Form
◉ The peril of _____ can be added to any of the three peril power
forms and also covers Volcanic Eruption. Answer: Earthquake
◉ Earthquake coverage has a _____ deductible with a minimum of $
_____. Answer: Percentage, $250
◉ Earthquake tremors felt within a ____hour period ( ______ ) are
treated as a single occurrence. Answer: 168, seven days
◉ For the sake of simplicity, the information that is common to all
thirteen of the property coverage sub-forms is included in two
mandatory pages called the Commercial Property Declarations and
the ________. Answer: Commercial Property Conditions
◉ The Standard Deductible on the Commercial Property
Declarations page is $ ______. Answer: $500
, ◉ Settlement under the Commercial Property Policy is on an ______
basis unless upgraded to Replacement Cost basis by endorsement.
Answer: Actual Cash Value (ACV)
◉ If there are two or more insurance companies insuring a
commercial building, then losses will be settled on a_____ basis.
Answer: Pro rata
◉ A situation in which two insurance policies insure the same
property but use different levels of peril power is called _____.
Answer: non concurrency
◉ The Commercial Property Policy coverage territory is the U.S. and
its possessions, Canada and _____. Answer: Puerto Rico.
◉ The Building and Personal Property Coverage form defines a
building to include permanently installed fixtures and equipment,
outdoor fixtures, such as swimming pools and flag poles, plus
personal property that is _______, such as a snow blower or lawn
mower. Answer: Used in the maintenance of the building
◉ The contents in a commercial building, such as the desks, chairs
and computers, are referred to as _______. Answer: Business Personal
Property
INSURANCE REVIEW FILE 2026 TESTED
QUESTIONS
◉ Just like a baseball team, the CGL has ___ ''players,'' including
Premises coverage, Operations coverage, _____ coverage, ____
coverage, Contractual and Advertising Injury coverage. Answer:
Nine, Products, and Fire Legal
◉ While the CGL comes with nine coverage's, some can be
eliminated by _____ coverage's to save premium for the Insured.
Answer: endorsement
◉ If a customer trips and falls in your store, you would be covered
by the _____ Liability section of your CGL. Answer: Premises
◉ If you sold a defective product to a customer, you would be
protected by the _____ section of your CGL. Answer: Products Liability
◉ If you hire a contractor to come into your store to do some repairs
and that contractor injures one of your customers, you would be
covered by the ______ section of your CGL. Answer: Independent
Contractors Liability
,◉ If you accidentally set your leased store on fire, you would be
covered by the _____ section of your CGL. Answer: Fire Legal Liability
◉ If you are sued for unintentionally using another business's logo,
you would be covered by the ______ section of your CGL. Answer:
Advertising Injury Liability
◉ The first module of the Commercial Package Policy (CPP), which
covers your building and business personal property, is called the
_____. Answer: Commercial Property Policy
◉ The Commercial Property Policy is comprised of thirteen possible
sub-parts to cover about any kind of property you could own,
including ______, Business Income, _____, Glass, Builder's Risk and
Tobacco Sales Warehouse. Answer: Building and Business Personal
Property, Extra Expense
◉ The Commercial Property Policy, just like the Homeowners policy,
offers three levels of peril power, which are Basic, ____ and ____.
Answer: Broad and special
◉ The eleven Basic perils include Windstorm, ___, _____, ____, ____,
_____, Volcano and Vehicles or Aircraft. Answer: Riot, Explosion,
Lightning, Fire, Smoke
,◉ Broad Form peril power adds ____ more perils for a total of ____.
Answer: Three, 14
◉ _____ perils cover all perils not specifically excluded. Answer:
Special Form
◉ The peril of _____ can be added to any of the three peril power
forms and also covers Volcanic Eruption. Answer: Earthquake
◉ Earthquake coverage has a _____ deductible with a minimum of $
_____. Answer: Percentage, $250
◉ Earthquake tremors felt within a ____hour period ( ______ ) are
treated as a single occurrence. Answer: 168, seven days
◉ For the sake of simplicity, the information that is common to all
thirteen of the property coverage sub-forms is included in two
mandatory pages called the Commercial Property Declarations and
the ________. Answer: Commercial Property Conditions
◉ The Standard Deductible on the Commercial Property
Declarations page is $ ______. Answer: $500
, ◉ Settlement under the Commercial Property Policy is on an ______
basis unless upgraded to Replacement Cost basis by endorsement.
Answer: Actual Cash Value (ACV)
◉ If there are two or more insurance companies insuring a
commercial building, then losses will be settled on a_____ basis.
Answer: Pro rata
◉ A situation in which two insurance policies insure the same
property but use different levels of peril power is called _____.
Answer: non concurrency
◉ The Commercial Property Policy coverage territory is the U.S. and
its possessions, Canada and _____. Answer: Puerto Rico.
◉ The Building and Personal Property Coverage form defines a
building to include permanently installed fixtures and equipment,
outdoor fixtures, such as swimming pools and flag poles, plus
personal property that is _______, such as a snow blower or lawn
mower. Answer: Used in the maintenance of the building
◉ The contents in a commercial building, such as the desks, chairs
and computers, are referred to as _______. Answer: Business Personal
Property
