STATE FARM LICENSE COMPREHENSIVE
EXAMINATION TEST PAPER 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ REPRESENTATION
Answer: SUBSTANTIAL TRUTH;
IN INSURANCE; STATEMENTS OF THE APPLICANT/POLICYOWNER
ARE REPRESENTATIONS- TRUE TO THE BEST OF THEIR
KNOWLEDGE.
◉ CONCEALMENT
Answer: OMISSION OF A MATERIAL FACT
◉ DOES THE INSURER HAVE THE RIGHT TO SUE A NEGLIGENT
THIRD PARTY FOR DAMAGES PAID TO AN INSURED UNDER THE
CONCEPT OF SUBROGATION?
Answer: YES
◉ WHAT IS D-I-C-E?
Answer: ACRONYM STANDING FOR THE 4 PARTS OF A POLICY;
DECLARATIONS,
INSURING AGREEMENT,
, CONDITIONS,
EXLUSIONS
◉ WHAT IS LISTED ON THE DECLARATIONS PAGE?
Answer: NAMED INSURED,
POLICY LIMITS,
LIMITS OF LIABILITY,
PREMIUM,
POLICY PERIOD.
◉ WHAT DOES THE INSURING AGREEMENT DESCRIBE?
Answer: THE COVERAGES PROVIDED
◉ WHAT IS THE CONDITIONS LIST?
Answer: OBLIGATIONS OF BOTH PARTIES--THE INSURER AND THE
INSURED
◉ WHAT ARE EXCLUSIONS?
Answer: PERILS/LOSSES NOT COVERED BY THE POLICY
EXAMINATION TEST PAPER 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ REPRESENTATION
Answer: SUBSTANTIAL TRUTH;
IN INSURANCE; STATEMENTS OF THE APPLICANT/POLICYOWNER
ARE REPRESENTATIONS- TRUE TO THE BEST OF THEIR
KNOWLEDGE.
◉ CONCEALMENT
Answer: OMISSION OF A MATERIAL FACT
◉ DOES THE INSURER HAVE THE RIGHT TO SUE A NEGLIGENT
THIRD PARTY FOR DAMAGES PAID TO AN INSURED UNDER THE
CONCEPT OF SUBROGATION?
Answer: YES
◉ WHAT IS D-I-C-E?
Answer: ACRONYM STANDING FOR THE 4 PARTS OF A POLICY;
DECLARATIONS,
INSURING AGREEMENT,
, CONDITIONS,
EXLUSIONS
◉ WHAT IS LISTED ON THE DECLARATIONS PAGE?
Answer: NAMED INSURED,
POLICY LIMITS,
LIMITS OF LIABILITY,
PREMIUM,
POLICY PERIOD.
◉ WHAT DOES THE INSURING AGREEMENT DESCRIBE?
Answer: THE COVERAGES PROVIDED
◉ WHAT IS THE CONDITIONS LIST?
Answer: OBLIGATIONS OF BOTH PARTIES--THE INSURER AND THE
INSURED
◉ WHAT ARE EXCLUSIONS?
Answer: PERILS/LOSSES NOT COVERED BY THE POLICY
