XCEL SOLUTIONS PROPERTY & CASUALTY EXAM NEWEST
2025 COMPLETE 123 ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+||BRAND NEW!!!
An earned premium resulting from the cancellation of a policy is calculated on: - CORRECT
ANSWER-On a pro rata basis, based on the previous year's rate
M owns a parking garage & has coverage that states: "We will cover losses regardless if you are
legally liable for the loss." This no-fault ideology will be found under: - CORRECT ANSWER-Excess
Direct Coverage
An insurance company writing business in a state other than the one in which it is domiciled is called:
- CORRECT ANSWER-a Foreign
Y is running a home daycare out of their home & has just earned $50,000 in her first year of business.
Under an HO policy, Y's daycare is defined as: - CORRECT ANSWER-Not a business
Underwriting guards against - CORRECT ANSWER-Adverse Selection
A licensee whose name or address changes must notify the Dept of Insurance within _____ days: -
CORRECT ANSWER-30 Days
Assumption of risk: - CORRECT ANSWER-States that a party will not collect damages because they
should have known what they were doing was risky
Under a DP-2 Broad form, which of the following is not a Broad peril? - CORRECT ANSWER-
Vandalism
, Which of the following incidents would not be excluded under a DP-3 policy? - CORRECT ANSWER-
Burglary of a property that was vacant for 30 consecutive days
Which of the following are losses excluded under Coverage F? - CORRECT ANSWER-An individual
who is eligible to receive disability insurance
Which of the following will not provide a premium discount from standard market workers comp
insurance? - CORRECT ANSWER-Assigned Risk Plan
The face amount of a Surety bond is called the: - CORRECT ANSWER-Penalty
M has opened up his business, Tractors & Semis Sales, LLC. His stock will be covered while it is being
transported, if he: - CORRECT ANSWER-Adds the equipment dealers floater
All of the following are correct about the Commercial Endorsement regarding Spoilage EXCEPT: -
CORRECT ANSWER-Coverage extends to stock off premises
What is a certificate of authority? - CORRECT ANSWER-The license required for an insurer to
conduct business in the state
A licensed producer who lives in another state & transacts insurance in AZ is called: - CORRECT
ANSWER-A Non-Resident Producer
Any of the following may be an unfair claims settlement practice EXCEPT: - CORRECT ANSWER-
Refusing to pay persons bringing false or fraudulent claims
What is the best description of an applicant to the AZ auto insurance plan? - CORRECT ANSWER-An
applicant in good-faith entitled to coverage but unable to obtain coverage through ordinary methods
Which statement regarding the identification of the producer rule is false? - CORRECT ANSWER-A
policy is invalidated if the producer is not identified as required by law
2025 COMPLETE 123 ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+||BRAND NEW!!!
An earned premium resulting from the cancellation of a policy is calculated on: - CORRECT
ANSWER-On a pro rata basis, based on the previous year's rate
M owns a parking garage & has coverage that states: "We will cover losses regardless if you are
legally liable for the loss." This no-fault ideology will be found under: - CORRECT ANSWER-Excess
Direct Coverage
An insurance company writing business in a state other than the one in which it is domiciled is called:
- CORRECT ANSWER-a Foreign
Y is running a home daycare out of their home & has just earned $50,000 in her first year of business.
Under an HO policy, Y's daycare is defined as: - CORRECT ANSWER-Not a business
Underwriting guards against - CORRECT ANSWER-Adverse Selection
A licensee whose name or address changes must notify the Dept of Insurance within _____ days: -
CORRECT ANSWER-30 Days
Assumption of risk: - CORRECT ANSWER-States that a party will not collect damages because they
should have known what they were doing was risky
Under a DP-2 Broad form, which of the following is not a Broad peril? - CORRECT ANSWER-
Vandalism
, Which of the following incidents would not be excluded under a DP-3 policy? - CORRECT ANSWER-
Burglary of a property that was vacant for 30 consecutive days
Which of the following are losses excluded under Coverage F? - CORRECT ANSWER-An individual
who is eligible to receive disability insurance
Which of the following will not provide a premium discount from standard market workers comp
insurance? - CORRECT ANSWER-Assigned Risk Plan
The face amount of a Surety bond is called the: - CORRECT ANSWER-Penalty
M has opened up his business, Tractors & Semis Sales, LLC. His stock will be covered while it is being
transported, if he: - CORRECT ANSWER-Adds the equipment dealers floater
All of the following are correct about the Commercial Endorsement regarding Spoilage EXCEPT: -
CORRECT ANSWER-Coverage extends to stock off premises
What is a certificate of authority? - CORRECT ANSWER-The license required for an insurer to
conduct business in the state
A licensed producer who lives in another state & transacts insurance in AZ is called: - CORRECT
ANSWER-A Non-Resident Producer
Any of the following may be an unfair claims settlement practice EXCEPT: - CORRECT ANSWER-
Refusing to pay persons bringing false or fraudulent claims
What is the best description of an applicant to the AZ auto insurance plan? - CORRECT ANSWER-An
applicant in good-faith entitled to coverage but unable to obtain coverage through ordinary methods
Which statement regarding the identification of the producer rule is false? - CORRECT ANSWER-A
policy is invalidated if the producer is not identified as required by law
