Study Guide Questions with Verified
Answers | 2026 | 2027 (Rated A) Latest
Quiz_________________?
$1,000 -
ANSWER✅
section II (liability) provides coverage for damage to the property of others up to $______
per occurrence
Quiz_________________?
$1,000 -
ANSWER✅
The policy will pay up to $______ per occurrence for the insured's share of loss
assessment charged against them as owner or tenant of the residence premises during the
policy period by a corporation or association of property owners.
Quiz_________________?
$1,000,000 and $500,000 -
ANSWER✅
Maximum limits of liability for resident property though the FAIR Association are
$_______ for dwellings and $_______ for contents
1
, Quiz_________________?
$175, $350 -
ANSWER✅
operating a vehicle without the required insurance is a misdemeanor, punishable by a fine of
at least $____ but no more than $____
Quiz_________________?
$2,500 -
ANSWER✅
Insurers must offer a minimum of PIP of $______
Quiz_________________?
$25 -
ANSWER✅
providing promotional materials, educational items, articles of merchandise, or traditional
courtesy is not considered rebating if the materials are provided to all applicants or insureds
who do not exceed $__ in value
Quiz_________________?
$25,000 -
ANSWER✅
the maximum penalty for violation of the Insurance Code is $_____
Quiz_________________?
2
, $250 -
ANSWER✅
(auto) coverage for property damage is subject to a deductible of $____
Quiz_________________?
$250 -
ANSWER✅
the minimum deductible found in an earthquake policy is $___. Generally, the deductible on
earthquake coverage is a percentage of the policy limit.
Quiz_________________?
$250,000 -
ANSWER✅
the maximum coverage permitted under the regular NFIP (national flood insurance
program) program is $______ for a single-family home
Quiz_________________?
$300,000 -
ANSWER✅
(TX P&C Insurance Guaranty Association) all other claims arising from the same occurrence
are covered up to a limit of $______
Quiz_________________?
$350 and $1,000 -
ANSWER✅
3
, fines for continuing to operate a vehicle without required insurance are between $____ and
$_____. The violator may have his or her vehicle registration suspended, unless proof of
financial responsibility is maintained for 2 years.
Quiz_________________?
$5,000 -
ANSWER✅
A premium discount is when an insured owes a total standard premium greater than
$__________
Quiz_________________?
$5,000 -
ANSWER✅
the maximum penalty for violating a cease and desist order is $1,000 per violation not to
exceed $_____ for all violations
Quiz_________________?
$50 -
ANSWER✅
applicants for a surplus lines license must pay an annual fee of no more than $___, submit a
license application, and pass a surplus lines examination
Quiz_________________?
$500 -
ANSWER✅
commercial fire policies only cover trees, shrubs, and plants up to $_____ each
4
Answers | 2026 | 2027 (Rated A) Latest
Quiz_________________?
$1,000 -
ANSWER✅
section II (liability) provides coverage for damage to the property of others up to $______
per occurrence
Quiz_________________?
$1,000 -
ANSWER✅
The policy will pay up to $______ per occurrence for the insured's share of loss
assessment charged against them as owner or tenant of the residence premises during the
policy period by a corporation or association of property owners.
Quiz_________________?
$1,000,000 and $500,000 -
ANSWER✅
Maximum limits of liability for resident property though the FAIR Association are
$_______ for dwellings and $_______ for contents
1
, Quiz_________________?
$175, $350 -
ANSWER✅
operating a vehicle without the required insurance is a misdemeanor, punishable by a fine of
at least $____ but no more than $____
Quiz_________________?
$2,500 -
ANSWER✅
Insurers must offer a minimum of PIP of $______
Quiz_________________?
$25 -
ANSWER✅
providing promotional materials, educational items, articles of merchandise, or traditional
courtesy is not considered rebating if the materials are provided to all applicants or insureds
who do not exceed $__ in value
Quiz_________________?
$25,000 -
ANSWER✅
the maximum penalty for violation of the Insurance Code is $_____
Quiz_________________?
2
, $250 -
ANSWER✅
(auto) coverage for property damage is subject to a deductible of $____
Quiz_________________?
$250 -
ANSWER✅
the minimum deductible found in an earthquake policy is $___. Generally, the deductible on
earthquake coverage is a percentage of the policy limit.
Quiz_________________?
$250,000 -
ANSWER✅
the maximum coverage permitted under the regular NFIP (national flood insurance
program) program is $______ for a single-family home
Quiz_________________?
$300,000 -
ANSWER✅
(TX P&C Insurance Guaranty Association) all other claims arising from the same occurrence
are covered up to a limit of $______
Quiz_________________?
$350 and $1,000 -
ANSWER✅
3
, fines for continuing to operate a vehicle without required insurance are between $____ and
$_____. The violator may have his or her vehicle registration suspended, unless proof of
financial responsibility is maintained for 2 years.
Quiz_________________?
$5,000 -
ANSWER✅
A premium discount is when an insured owes a total standard premium greater than
$__________
Quiz_________________?
$5,000 -
ANSWER✅
the maximum penalty for violating a cease and desist order is $1,000 per violation not to
exceed $_____ for all violations
Quiz_________________?
$50 -
ANSWER✅
applicants for a surplus lines license must pay an annual fee of no more than $___, submit a
license application, and pass a surplus lines examination
Quiz_________________?
$500 -
ANSWER✅
commercial fire policies only cover trees, shrubs, and plants up to $_____ each
4
