Property and Casualty Insurance - Final
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
A) Accept a claim form An unlicensed employee of an insurance
B) Type correspondence for a agency
direct may perform all of the following EXCEPT:
mail campaign
C) Deposit properly endorsed
checks into the agency's bank
account
•• D) Advise an insured of
coverage
issues
A) 10 days A producer must notify the insurance
B) 20 days division of an
C) 25 days address change within:
•• D) 30 days
A) Twelve Months A Temporary License may be issued to
B) Nine Months approved
•• C) 90 days with extensions up to individuals for a period of:
180 days
D) 30 days
,A) Is applicable in Workers Contribution by Equal Shares:
Compensation
B) Is excess over primary
coverage
C) Prorates coverage between all
policies equally
•• D) Is a form of proportional
coverage in which losses are paid
equally by all policies until one
policy is exhausted, whereby the
other policy pays alone
A) Pass the exam required by Which of the following is NOT a
statute requirement
B) Be a resident of the state of necessary to qualify as a producer in
Iowa Iowas?
C) Be of good character and
company
•• D) Complete a 36-hour licensing
course
A) A continuing education term is All of the following are true of the Iowa's
three years Continuing Education Regulation
B) New producers must complete EXCEPT:
36
credits every continuing education
term
•• C) Continuing education is
automatically waived for producers
that are attorneys
D) Producers must have 3 credits
in
ethics every CE term
, •• A) An attorney All of the following applicants may be
B) An individual that provides denied a
incomplete information on a producer's license EXCEPT:
license
application
C) An applicant whose letter of
clearance is dated 120 days prior
D) A nonresident not licensed in
their
state of domicile
A) Automatically provided under Personal liability coverage under the
the Dwelling
policy Policy is:
•• B) Only provided by
endorsement
C) Broader and more
comprehensive
than homeowner personal liability
D) Limited to 10% of Coverage A
A) Trash and debris in the All of the following would be considered a
basement hazard
of a home EXCEPT:
B) Broken steps and hand railings
C) Overloaded electrical wiring
•• D) Properly stored paint and
related solvents
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
A) Accept a claim form An unlicensed employee of an insurance
B) Type correspondence for a agency
direct may perform all of the following EXCEPT:
mail campaign
C) Deposit properly endorsed
checks into the agency's bank
account
•• D) Advise an insured of
coverage
issues
A) 10 days A producer must notify the insurance
B) 20 days division of an
C) 25 days address change within:
•• D) 30 days
A) Twelve Months A Temporary License may be issued to
B) Nine Months approved
•• C) 90 days with extensions up to individuals for a period of:
180 days
D) 30 days
,A) Is applicable in Workers Contribution by Equal Shares:
Compensation
B) Is excess over primary
coverage
C) Prorates coverage between all
policies equally
•• D) Is a form of proportional
coverage in which losses are paid
equally by all policies until one
policy is exhausted, whereby the
other policy pays alone
A) Pass the exam required by Which of the following is NOT a
statute requirement
B) Be a resident of the state of necessary to qualify as a producer in
Iowa Iowas?
C) Be of good character and
company
•• D) Complete a 36-hour licensing
course
A) A continuing education term is All of the following are true of the Iowa's
three years Continuing Education Regulation
B) New producers must complete EXCEPT:
36
credits every continuing education
term
•• C) Continuing education is
automatically waived for producers
that are attorneys
D) Producers must have 3 credits
in
ethics every CE term
, •• A) An attorney All of the following applicants may be
B) An individual that provides denied a
incomplete information on a producer's license EXCEPT:
license
application
C) An applicant whose letter of
clearance is dated 120 days prior
D) A nonresident not licensed in
their
state of domicile
A) Automatically provided under Personal liability coverage under the
the Dwelling
policy Policy is:
•• B) Only provided by
endorsement
C) Broader and more
comprehensive
than homeowner personal liability
D) Limited to 10% of Coverage A
A) Trash and debris in the All of the following would be considered a
basement hazard
of a home EXCEPT:
B) Broken steps and hand railings
C) Overloaded electrical wiring
•• D) Properly stored paint and
related solvents
