OHIO PROPERTY AND CASUALTY
EXAMINATION TEST 2025 COMPLETE
QUESTIONS AND ACCURATE ANSWERS 100
PERCENT SOLVED
◉ Bodily Injury. Answer: Usually defined to include bobily harm,
sickness, or disease, also including required care, loss of service, and
resulting death
◉ Cancellation. Answer: Termination of contract of insurance in force
by voluntary act of the insurance company or insured, effected in
accordance with provisions in the contract or by mutual agreement.
◉ Comparative Negligence. Answer: Doctrine that states a defendant is
liable only for the amount of damages allocated to that defendant in
direct proportion to the defendant's percentage of fault.
◉ Conditions. Answer: The portion of an insurance contract that sets
fourth the right & duties of the insured & the insurance company.
◉ Assignment. Answer: The transfer of a legal right of interest in an
insurance contract to another person.
,◉ Blanket Form. Answer: Covers, by single amount or insurance
protection, the same kind of property in different types of property at a
single location.
◉ Aggregate Limit. Answer: A type of policy limit found in liability
policies that limits coverage to a specified total amount for all losses
occurring within the policy period.
◉ Additional Insured. Answer: A person, firm or corporation other than
the named insured on a policy, or a lender named in a mortgage clause,
who is protected against loss by the terms of the policy.
◉ Actual Cash Value (ACV). Answer: Cost to replace damage property
at today's value minus a deduction for depreciation due to wear & tear or
obsolescence. (ACV=RC-D)
◉ Name 5 extensions of coverage within a Commercial Property
Policy?. Answer: 1 - Newly Acquired Property
2 - Personal Property of Others
3 - Valuable Papers
4 - Personal Property Temporarily Off-Premises
5 - Outdoor Property
◉ Name 4 additional coverages within a Commercial Property Policy?.
Answer: 1 - Debris Removal
,2 - Fire Dept. Service Charge
3 - Removal of Business Personal Property
4 - cost of Extracting Pollutants
◉ Name 3 Primary Indirect Loss Coverages availible under a
Commercial Property Policy?. Answer: 1 - Business Income (Business
Interruption)
2 - Continget Business Interruption (Business Income from Dependent
Properties)
3 - ExtraExpense
◉ Name 5 Named Perils of Crime Insurance?. Answer: 1 - Burglary
2 - Robbery
3 - Extortion
4 - Safe Burglary
5 - Theft
◉ Name 5 Crime Policies that cover Loss of Money?. Answer: 1 -
Employee Dishonesty
2 - Forgery or Alteration
3 - Money & Securities (Inside/Outside)
4 - Computer & Funds transfer Fraud
5 - Extortion
, ◉ Name 2 types of Tails in the CGL?. Answer: 1 - Basic Tail -
automatic, no charge, 60 days
2 - Supplemental Tail - must be purchased, charge can be up to 200% of
the expiring premium.
◉ Name 2 terms unique to the claims made version of the CGL?.
Answer: 1 - Retro - Active Date
2 - Extended Reporting Period ("Tail")
◉ What are 3 causes of loss forms of the Commercial Property Policy?.
Answer: 1 - Basic Cause of Loss Form
2 - Broad Cause of Loss Form
3 - Special Cause of Loss Form
◉ Name 4 components of a Commercial Property Policy?. Answer: 1 -
Declarations Page
2 - Property Conditions Form
3 - 1 or more Coverage Forms
4 - 1 or more Cause of Loss Forms
◉ Name 3 optional Property Coverages under a Commercial Property
Policy?. Answer: 1 - Coverage A - Building
2 - Coverage B - Business Personal Property
EXAMINATION TEST 2025 COMPLETE
QUESTIONS AND ACCURATE ANSWERS 100
PERCENT SOLVED
◉ Bodily Injury. Answer: Usually defined to include bobily harm,
sickness, or disease, also including required care, loss of service, and
resulting death
◉ Cancellation. Answer: Termination of contract of insurance in force
by voluntary act of the insurance company or insured, effected in
accordance with provisions in the contract or by mutual agreement.
◉ Comparative Negligence. Answer: Doctrine that states a defendant is
liable only for the amount of damages allocated to that defendant in
direct proportion to the defendant's percentage of fault.
◉ Conditions. Answer: The portion of an insurance contract that sets
fourth the right & duties of the insured & the insurance company.
◉ Assignment. Answer: The transfer of a legal right of interest in an
insurance contract to another person.
,◉ Blanket Form. Answer: Covers, by single amount or insurance
protection, the same kind of property in different types of property at a
single location.
◉ Aggregate Limit. Answer: A type of policy limit found in liability
policies that limits coverage to a specified total amount for all losses
occurring within the policy period.
◉ Additional Insured. Answer: A person, firm or corporation other than
the named insured on a policy, or a lender named in a mortgage clause,
who is protected against loss by the terms of the policy.
◉ Actual Cash Value (ACV). Answer: Cost to replace damage property
at today's value minus a deduction for depreciation due to wear & tear or
obsolescence. (ACV=RC-D)
◉ Name 5 extensions of coverage within a Commercial Property
Policy?. Answer: 1 - Newly Acquired Property
2 - Personal Property of Others
3 - Valuable Papers
4 - Personal Property Temporarily Off-Premises
5 - Outdoor Property
◉ Name 4 additional coverages within a Commercial Property Policy?.
Answer: 1 - Debris Removal
,2 - Fire Dept. Service Charge
3 - Removal of Business Personal Property
4 - cost of Extracting Pollutants
◉ Name 3 Primary Indirect Loss Coverages availible under a
Commercial Property Policy?. Answer: 1 - Business Income (Business
Interruption)
2 - Continget Business Interruption (Business Income from Dependent
Properties)
3 - ExtraExpense
◉ Name 5 Named Perils of Crime Insurance?. Answer: 1 - Burglary
2 - Robbery
3 - Extortion
4 - Safe Burglary
5 - Theft
◉ Name 5 Crime Policies that cover Loss of Money?. Answer: 1 -
Employee Dishonesty
2 - Forgery or Alteration
3 - Money & Securities (Inside/Outside)
4 - Computer & Funds transfer Fraud
5 - Extortion
, ◉ Name 2 types of Tails in the CGL?. Answer: 1 - Basic Tail -
automatic, no charge, 60 days
2 - Supplemental Tail - must be purchased, charge can be up to 200% of
the expiring premium.
◉ Name 2 terms unique to the claims made version of the CGL?.
Answer: 1 - Retro - Active Date
2 - Extended Reporting Period ("Tail")
◉ What are 3 causes of loss forms of the Commercial Property Policy?.
Answer: 1 - Basic Cause of Loss Form
2 - Broad Cause of Loss Form
3 - Special Cause of Loss Form
◉ Name 4 components of a Commercial Property Policy?. Answer: 1 -
Declarations Page
2 - Property Conditions Form
3 - 1 or more Coverage Forms
4 - 1 or more Cause of Loss Forms
◉ Name 3 optional Property Coverages under a Commercial Property
Policy?. Answer: 1 - Coverage A - Building
2 - Coverage B - Business Personal Property
