MO PROPERTY AND CASUALTY EXAMS SCRIPT
UPDATED QUESTIONS AND ANSWERS SURE A+
✔✔What is the coinsurance requirement for a theatrical property floater under an Inland
Marine policy? - ✔✔80%
✔✔A building insured with commercial property insurance has been vacant 90 days.
Which of the following is NOT true? - ✔✔Payment for unnamed perils is reduced by
25%
✔✔A builder's risk form is most often written as which of the following? - ✔✔Completed
value form
✔✔A tornado that destroys property would be an example of which of the following? -
✔✔A peril
✔✔Professional liability coverage protects the insured against legal liability resulting
from - ✔✔Errors and omissions
✔✔Replacement cost is defined as - ✔✔Full replacement of property at its current cost,
new and without reduction for depreciation
, ✔✔Duties of the insurer found in the property policy conditions include all of the
following EXCEPT - ✔✔Notify the insured in the event of financial difficulty
✔✔What type of compensatory damages will pay for pain and suffering and
disfigurement? - ✔✔General
✔✔Under the coverage of which of the following liability policies may an insured require
the insurer to defend a claim? - ✔✔Professional liability
✔✔Which of the following is true of dwelling policy coverage? - ✔✔Exclusions apply to
all three policy forms
✔✔A company has a businessowners policy on a building with an estimated
replacement cost of $300,000. The company carries $150,000 of insurance. If a loss
occurs, how much will the insured company be paid? - ✔✔The coinsurance formula
would apply
✔✔Which of the following types of valuation works best for property whose value does
not fluctuate much? - ✔✔Agreed value
✔✔Which of the following is NOT settled on an actual cash value basis while covered
under the business property coverage form? - ✔✔Valuable papers and records
✔✔The pro rata liability clause is designed to protect the principle of - ✔✔Indemnity
✔✔All of the following are true statements regarding the supplementary payments of a
CGL policy EXCEPT - ✔✔They pay defense costs even after the aggregate limit has
been reached
✔✔Which of the following statements would be correct if an insured failed to maintain
the underlying limits as required by a personal umbrella policy? - ✔✔The insured would
be responsible for the amount required as underlying limits in the event of a claim.
✔✔An auto policy issued in Missouri may - ✔✔Contain a named driver exclusion
✔✔How can inland marine coverage be written in this state? - ✔✔As a combination
policy with fire casualty
✔✔Which of the following can be licensed as a surplus lines broker? - ✔✔A property
and casualty producer
✔✔In order to form a business entity providing medical malpractice insurance, how
many licensed persons are required? - ✔✔3
UPDATED QUESTIONS AND ANSWERS SURE A+
✔✔What is the coinsurance requirement for a theatrical property floater under an Inland
Marine policy? - ✔✔80%
✔✔A building insured with commercial property insurance has been vacant 90 days.
Which of the following is NOT true? - ✔✔Payment for unnamed perils is reduced by
25%
✔✔A builder's risk form is most often written as which of the following? - ✔✔Completed
value form
✔✔A tornado that destroys property would be an example of which of the following? -
✔✔A peril
✔✔Professional liability coverage protects the insured against legal liability resulting
from - ✔✔Errors and omissions
✔✔Replacement cost is defined as - ✔✔Full replacement of property at its current cost,
new and without reduction for depreciation
, ✔✔Duties of the insurer found in the property policy conditions include all of the
following EXCEPT - ✔✔Notify the insured in the event of financial difficulty
✔✔What type of compensatory damages will pay for pain and suffering and
disfigurement? - ✔✔General
✔✔Under the coverage of which of the following liability policies may an insured require
the insurer to defend a claim? - ✔✔Professional liability
✔✔Which of the following is true of dwelling policy coverage? - ✔✔Exclusions apply to
all three policy forms
✔✔A company has a businessowners policy on a building with an estimated
replacement cost of $300,000. The company carries $150,000 of insurance. If a loss
occurs, how much will the insured company be paid? - ✔✔The coinsurance formula
would apply
✔✔Which of the following types of valuation works best for property whose value does
not fluctuate much? - ✔✔Agreed value
✔✔Which of the following is NOT settled on an actual cash value basis while covered
under the business property coverage form? - ✔✔Valuable papers and records
✔✔The pro rata liability clause is designed to protect the principle of - ✔✔Indemnity
✔✔All of the following are true statements regarding the supplementary payments of a
CGL policy EXCEPT - ✔✔They pay defense costs even after the aggregate limit has
been reached
✔✔Which of the following statements would be correct if an insured failed to maintain
the underlying limits as required by a personal umbrella policy? - ✔✔The insured would
be responsible for the amount required as underlying limits in the event of a claim.
✔✔An auto policy issued in Missouri may - ✔✔Contain a named driver exclusion
✔✔How can inland marine coverage be written in this state? - ✔✔As a combination
policy with fire casualty
✔✔Which of the following can be licensed as a surplus lines broker? - ✔✔A property
and casualty producer
✔✔In order to form a business entity providing medical malpractice insurance, how
many licensed persons are required? - ✔✔3
