Georgia Property & Casualty Exam 2025 update | comprehensive question
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1. Which of the following correctly de- A.) A dwelling policy only covers the dwelling, oth-
scribes a principal difference between er structures, personal property, fair rental value,
a dwelling policy and a homeowners and additional living expenses. It does not cover
policy? liability.
A.) A dwelling policy only covers the
dwelling, other structures, personal
property, fair rental value, and addi-
tional living expenses. It does not cov-
er liability.
B.) Both policies are almost identical,
except that the homeowners policy fo-
cuses on the more expensive homes.
C.) A dwelling policy requires that the
owner occupy the dwelling.
D.) Although any one- to four-family
dwelling is eligible for a homeowners
policy, only a one-family dwelling is el-
igible for a dwelling policy.
2. All of the following statements regard- A.) There are six dwelling policy forms.
ing the dwelling policy are correct EX-
CEPT: There are actually only three: basic, broad, and
special.
A.) There are six dwelling policy forms.
B.) An unendorsed dwelling policy pro-
vides property coverage only; it does
not include liability coverage.
C.) The dwelling policy can cover a resi-
dence for less cost than a homeowners
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
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policy.
D.) The dwelling policy covers personal
property as well as the dwelling itself.
3. What endorsement should Jeffrey's C.) Spoilage Coverage
Flowers add to its commercial proper-
ty policy if it wants coverage for break-
down or contamination and power
outage?
A.) Ordinance or Law
B.) Peak Season
C.) Spoilage Coverage
D.) Value Reporting Form
4. Most insurance regulation is conduct- D.) State Government Agencies
ed by the:
A.) Federal Insurance Office
B.) U.S. Congress
C.) U.S. Department of Health, Educa-
tion and Welfare
D.) State Government Agencies
5. Which of the following is an example of C.) an applicant whose business was recently bur-
adverse selection? glarized deciding he had better buy some com-
mercial crime insurance coverage
A.) an applicant who just bought a new
car and wants to buy the least expen-
sive auto policy
B.) a homeowner who wants to meet
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
with her agent to discuss her cur-
rent coverages following some recent
home improvements
C.) an applicant whose business was
recently burglarized deciding he had
better buy some commercial crime in-
surance coverage
D.) a business owner who decides to
cancel his business owner's policy be-
cause he believes he can financially
handle any losses that might occur
6. When comparing her insurance com- A.) Twisting
pany's policies to those of Zenith In-
surance, Melanie makes a misleading
statement to convince an insurance
prospect to terminate a policy with
Zenith and buy one from Melanie's
company. Melanie has engaged in:
A.) Twisting
B.) Rebating
C.) Unfair discrimination
D.) Defamation
7. Stuart receives a notice from his in- D.) He was in a traffic accident caused by another
surance company telling him that his driver.
policy will be terminated at the end of
the policy period. The notice provides
a reason, which can be any of the fol-
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
lowing EXCEPT:
A.) He filed a false claim.
B.) He failed to disclose information
necessary to properly rate the risk.
C.) He failed to pay the premium.
D.) He was in a traffic accident caused
by another driver.
8. Which type of insurance company pays B.) mutual insurance company
policy dividends to its policyowners?
A.) stock insurance company
B.) mutual insurance company
C.) captive insurance company
D.) reinsurance company
9. Which of the following would be recog- B.) the insured's gardener who lives in a small
nized as a residence employee under cottage on the insured's land
the liability section of a homeowners
policy?
A.) the insured's CPA who is meeting at
the insured's home to review business
tax plans
B.) the insured's gardener who lives in
a small cottage on the insured's land
C.) the insured who works out of her
home
D.) an independent contractor hired by
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
1. Which of the following correctly de- A.) A dwelling policy only covers the dwelling, oth-
scribes a principal difference between er structures, personal property, fair rental value,
a dwelling policy and a homeowners and additional living expenses. It does not cover
policy? liability.
A.) A dwelling policy only covers the
dwelling, other structures, personal
property, fair rental value, and addi-
tional living expenses. It does not cov-
er liability.
B.) Both policies are almost identical,
except that the homeowners policy fo-
cuses on the more expensive homes.
C.) A dwelling policy requires that the
owner occupy the dwelling.
D.) Although any one- to four-family
dwelling is eligible for a homeowners
policy, only a one-family dwelling is el-
igible for a dwelling policy.
2. All of the following statements regard- A.) There are six dwelling policy forms.
ing the dwelling policy are correct EX-
CEPT: There are actually only three: basic, broad, and
special.
A.) There are six dwelling policy forms.
B.) An unendorsed dwelling policy pro-
vides property coverage only; it does
not include liability coverage.
C.) The dwelling policy can cover a resi-
dence for less cost than a homeowners
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
policy.
D.) The dwelling policy covers personal
property as well as the dwelling itself.
3. What endorsement should Jeffrey's C.) Spoilage Coverage
Flowers add to its commercial proper-
ty policy if it wants coverage for break-
down or contamination and power
outage?
A.) Ordinance or Law
B.) Peak Season
C.) Spoilage Coverage
D.) Value Reporting Form
4. Most insurance regulation is conduct- D.) State Government Agencies
ed by the:
A.) Federal Insurance Office
B.) U.S. Congress
C.) U.S. Department of Health, Educa-
tion and Welfare
D.) State Government Agencies
5. Which of the following is an example of C.) an applicant whose business was recently bur-
adverse selection? glarized deciding he had better buy some com-
mercial crime insurance coverage
A.) an applicant who just bought a new
car and wants to buy the least expen-
sive auto policy
B.) a homeowner who wants to meet
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
with her agent to discuss her cur-
rent coverages following some recent
home improvements
C.) an applicant whose business was
recently burglarized deciding he had
better buy some commercial crime in-
surance coverage
D.) a business owner who decides to
cancel his business owner's policy be-
cause he believes he can financially
handle any losses that might occur
6. When comparing her insurance com- A.) Twisting
pany's policies to those of Zenith In-
surance, Melanie makes a misleading
statement to convince an insurance
prospect to terminate a policy with
Zenith and buy one from Melanie's
company. Melanie has engaged in:
A.) Twisting
B.) Rebating
C.) Unfair discrimination
D.) Defamation
7. Stuart receives a notice from his in- D.) He was in a traffic accident caused by another
surance company telling him that his driver.
policy will be terminated at the end of
the policy period. The notice provides
a reason, which can be any of the fol-
, Georgia Property & Casualty Exam 2025 update | comprehensive question
and verified answers (complete solutions) ASSURED SUCCESS|GRADE A+!!
100% ACCURATE) GET IT RIGHT!!
Study online at https://quizlet.com/_hbv5cj
lowing EXCEPT:
A.) He filed a false claim.
B.) He failed to disclose information
necessary to properly rate the risk.
C.) He failed to pay the premium.
D.) He was in a traffic accident caused
by another driver.
8. Which type of insurance company pays B.) mutual insurance company
policy dividends to its policyowners?
A.) stock insurance company
B.) mutual insurance company
C.) captive insurance company
D.) reinsurance company
9. Which of the following would be recog- B.) the insured's gardener who lives in a small
nized as a residence employee under cottage on the insured's land
the liability section of a homeowners
policy?
A.) the insured's CPA who is meeting at
the insured's home to review business
tax plans
B.) the insured's gardener who lives in
a small cottage on the insured's land
C.) the insured who works out of her
home
D.) an independent contractor hired by
