GEORGIA PROPERTY AND CASUALTY LATEST 2026 TEST
PAPER QUESTIONS AND ANSWERS GRADED A+
✔✔Identify which action constitutes an "offer" - ✔✔C. Submission of the application by
an applicant
✔✔Which of the following is NOT a feature of broad theft coverage under a dwelling
policy? - ✔✔D. It covers property in premises considered vacant for fewer than 60 days
✔✔All of the following are examples of rebating by an agent EXCEPT - ✔✔B. Offering a
prospective insured a multi-policy discount
✔✔Which of the following refers to a contract element that means something of value
that each party gives to the other? - ✔✔A. Consideration
✔✔Which of the following perils is excluded in all dwelling policy forms? - ✔✔B.
Government action
✔✔Within how many days of cancellation of a claims-made policy may an insured
request claim and occurrence information from the insurer? - ✔✔A. 60 days
✔✔A domestic insurance company has its home office in - ✔✔B. This state.
✔✔What is the maximum number of days that binders for temporary insurance
may be valid in this state? - ✔✔B. 90 days
✔✔Which section of an insurance policy contains basic underwriting information, such
as the insured's name, address, amount of coverage and premiums, and a description
of insured locations? - ✔✔D. Declarations
✔✔Which of the following would be covered under a commercial crime policy? - ✔✔C.
Burglary
✔✔Which section of an insurance policy lists perils that are not covered by the policy? -
✔✔B. Exclusions
✔✔When does a binder expire? - ✔✔D. 90 days after issue
✔✔In a personal auto policy, which of the following describes the liability coverage? -
✔✔C. Part A
, ✔✔Which of the following causes of loss is covered under a commercial property basic
form? - ✔✔A. Volcanic eruption
✔✔Which of the following is NOT an essential component of an insurance contract? -
✔✔B. Counteroffers
✔✔An insured is using his business auto in a state other than the state registered and
insured in, and the insured is at fault in an auto crash. The insurer will - ✔✔B. Adjust the
payment to at least that state's required minimums.
✔✔The main purpose of the Gramm-Leach-Bliley Act is - ✔✔B. Consumer privacy
protection
✔✔Commercial property policies written together into a single contract are referred to
as - ✔✔B. package policies
✔✔What type of law requires employers to provide workers compensation coverage to
employees? - ✔✔D. compulsory
✔✔In order for a building and personal property coverage form to cover damages
caused by vandalism, the building cannot be vacant for more than - ✔✔A. 30 days
✔✔Which of the following commercial property causes of loss forms explicitly covers
damages from falling objects? - ✔✔C. Broad Form
✔✔Which of the following entities was created to protect insureds when insurers are
unable to pay claims? - ✔✔D. The Insurers Insolvency Pool
✔✔Which of the following would be covered under Coverage C - Personal Property of a
dwelling policy? - ✔✔C. Canoes
✔✔The law of large numbers is best defined as a large number of people with similar
exposures to loss resulting in actual losses being - ✔✔D. more predictable
✔✔Within how many days must an insurer give notice of nonrenewal to the owner of a
property insurance policy? - ✔✔C. 30 days
✔✔Which of the following is considered the maximum amount an insurer will pay for a
loss, without an insured having to meet coinsurance requirements? - ✔✔B.
Replacement cost
✔✔In Georgia, how long is the Commissioner's term in the office? - ✔✔B. 4 years
PAPER QUESTIONS AND ANSWERS GRADED A+
✔✔Identify which action constitutes an "offer" - ✔✔C. Submission of the application by
an applicant
✔✔Which of the following is NOT a feature of broad theft coverage under a dwelling
policy? - ✔✔D. It covers property in premises considered vacant for fewer than 60 days
✔✔All of the following are examples of rebating by an agent EXCEPT - ✔✔B. Offering a
prospective insured a multi-policy discount
✔✔Which of the following refers to a contract element that means something of value
that each party gives to the other? - ✔✔A. Consideration
✔✔Which of the following perils is excluded in all dwelling policy forms? - ✔✔B.
Government action
✔✔Within how many days of cancellation of a claims-made policy may an insured
request claim and occurrence information from the insurer? - ✔✔A. 60 days
✔✔A domestic insurance company has its home office in - ✔✔B. This state.
✔✔What is the maximum number of days that binders for temporary insurance
may be valid in this state? - ✔✔B. 90 days
✔✔Which section of an insurance policy contains basic underwriting information, such
as the insured's name, address, amount of coverage and premiums, and a description
of insured locations? - ✔✔D. Declarations
✔✔Which of the following would be covered under a commercial crime policy? - ✔✔C.
Burglary
✔✔Which section of an insurance policy lists perils that are not covered by the policy? -
✔✔B. Exclusions
✔✔When does a binder expire? - ✔✔D. 90 days after issue
✔✔In a personal auto policy, which of the following describes the liability coverage? -
✔✔C. Part A
, ✔✔Which of the following causes of loss is covered under a commercial property basic
form? - ✔✔A. Volcanic eruption
✔✔Which of the following is NOT an essential component of an insurance contract? -
✔✔B. Counteroffers
✔✔An insured is using his business auto in a state other than the state registered and
insured in, and the insured is at fault in an auto crash. The insurer will - ✔✔B. Adjust the
payment to at least that state's required minimums.
✔✔The main purpose of the Gramm-Leach-Bliley Act is - ✔✔B. Consumer privacy
protection
✔✔Commercial property policies written together into a single contract are referred to
as - ✔✔B. package policies
✔✔What type of law requires employers to provide workers compensation coverage to
employees? - ✔✔D. compulsory
✔✔In order for a building and personal property coverage form to cover damages
caused by vandalism, the building cannot be vacant for more than - ✔✔A. 30 days
✔✔Which of the following commercial property causes of loss forms explicitly covers
damages from falling objects? - ✔✔C. Broad Form
✔✔Which of the following entities was created to protect insureds when insurers are
unable to pay claims? - ✔✔D. The Insurers Insolvency Pool
✔✔Which of the following would be covered under Coverage C - Personal Property of a
dwelling policy? - ✔✔C. Canoes
✔✔The law of large numbers is best defined as a large number of people with similar
exposures to loss resulting in actual losses being - ✔✔D. more predictable
✔✔Within how many days must an insurer give notice of nonrenewal to the owner of a
property insurance policy? - ✔✔C. 30 days
✔✔Which of the following is considered the maximum amount an insurer will pay for a
loss, without an insured having to meet coinsurance requirements? - ✔✔B.
Replacement cost
✔✔In Georgia, how long is the Commissioner's term in the office? - ✔✔B. 4 years
