PA Property and Casualty Exam 2026
Questions and Answers Graded A+
Which of the following is a mandatory part of an insurance policy that varies with
each individual policy? - Correct answer-Declarations
In accordance with American Institute Hull Clauses, a pro rata return of premium
will be given for all the following reasons EXCEPT - Correct answer-If the policy
is cancelled by the insured.
In which type of commercial crime policy coverage is triggered by a loss that
happens during the policy period but is not necessarily discovered during the
policy period? - Correct answer-Loss sustained form
For how long after the death of the named insured must basic property insurance
continue coverage? - Correct answer-180 days
Which of the following endorsements is used by individual business owners who
use company vehicles for personal use rather than purchasing a personal vehicle? -
Correct answer-Individual named insured
, An insured is driving her car through a residential area when she loses control and
crashes into a neighbor's front porch. The neighbor, who was sitting on the porch,
is injured. The insured's liability policy has a limit of $500,000. This amount
applies to the total of damages for any bodily injury and property damage resulting
from one accident. Which type of limit of liability does the insured have? - Correct
answer-Combined single
Which of the following is NOT a duty of the employer/insured if an injury occurs
at the workplace? - Correct answer-Make voluntary payments for treatment of the
worker's injury
What method of premium computation relates an employer's losses, payroll, and
premiums to the rating bureau's classifications of operations? - Correct answer-
Experience modification factor
If a court ordered payment for a loss that was not covered in the policy even if it
was clearly worded, it would be an example of which legal concept? - Correct
answer-Reasonable expectations
A plasterer has finished a job. What kind of liability coverage would protect him if
the plaster falls and hurts someone because he did not do the job correctly? -
Correct answer-Completed Operations
Questions and Answers Graded A+
Which of the following is a mandatory part of an insurance policy that varies with
each individual policy? - Correct answer-Declarations
In accordance with American Institute Hull Clauses, a pro rata return of premium
will be given for all the following reasons EXCEPT - Correct answer-If the policy
is cancelled by the insured.
In which type of commercial crime policy coverage is triggered by a loss that
happens during the policy period but is not necessarily discovered during the
policy period? - Correct answer-Loss sustained form
For how long after the death of the named insured must basic property insurance
continue coverage? - Correct answer-180 days
Which of the following endorsements is used by individual business owners who
use company vehicles for personal use rather than purchasing a personal vehicle? -
Correct answer-Individual named insured
, An insured is driving her car through a residential area when she loses control and
crashes into a neighbor's front porch. The neighbor, who was sitting on the porch,
is injured. The insured's liability policy has a limit of $500,000. This amount
applies to the total of damages for any bodily injury and property damage resulting
from one accident. Which type of limit of liability does the insured have? - Correct
answer-Combined single
Which of the following is NOT a duty of the employer/insured if an injury occurs
at the workplace? - Correct answer-Make voluntary payments for treatment of the
worker's injury
What method of premium computation relates an employer's losses, payroll, and
premiums to the rating bureau's classifications of operations? - Correct answer-
Experience modification factor
If a court ordered payment for a loss that was not covered in the policy even if it
was clearly worded, it would be an example of which legal concept? - Correct
answer-Reasonable expectations
A plasterer has finished a job. What kind of liability coverage would protect him if
the plaster falls and hurts someone because he did not do the job correctly? -
Correct answer-Completed Operations
