2025 COMPLETE TEXAS PROERTY AND CASUALTY
EXAM AND PRACTICE EXAM WITH CORRECT
VERIFIED ANSWERS ALREADY GRADED A+ FOR
GUARANTEED CERTIFICATION EXCELLENCE
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 is CORRECT regarding cancellation of a policy? -
✔✔✔ Correct Answer > If the insured terminated the coverage, the insurer is
sometimes allowed to deduct administrative costs for processing
cancellation before refunding any premiums
Under the Settlement Considerations clause of a DP policy, which of the
following policies provides dwelling and contents on an ACV Basis? -
✔✔✔ Correct Answer > DP-1
,The employee of a business spills coffee near an elevator and leaves
without a cleanup and 30 minutes later a business vendor of the
insured slips and falls on the coffee and is injured. Which exposure
covered under a CGL is involved in this occurrence? - ✔✔✔ Correct Answer >
Operations
how often must an insurance agent license normally be renewed? - ✔✔✔
Correct Answer > every 2 years
Which of the following statements concerning the earthquake
endorsement and deductibles that pertain to it is NOT true? - ✔✔✔ Correct
Answer > There is no deductible associated with the earthquake peril
According to the conditions of the homeowners policy, the insured
must submit a signed Proof of Loss form to the insurance company -
✔✔✔ Correct Answer > within 60 days of the insurers request
In order to be an eligible surplus lines insurer in texas, an insurance
company must - ✔✔✔ Correct Answer > Have at least $15 million dollars in
capital and surplus
,J claims that last night over $1,000,000 of cash was stolen from his desk
drawer but when the policy investigate, there is no evidence of any
signs of forced entry and J cannot explain that how this loss occurred.
This loss would be a - ✔✔✔ Correct Answer > Mysterious Disappearance
B has a policy with a per person limit of $10,000. B causes in accident in
which three other insureds are hurt. One person suffers, $10,000,
another suffers $7,000 and the last injured party suffered $12,000 in
injuries. How much will B's policy pay total to all three injured parties? -
✔✔✔ Correct Answer > $27,000
what is not a reason an insured may cancel a policy during the policy
period? - ✔✔✔ Correct Answer > Insured bricked their house
All of the following statements are CORRECT regarding Insurable
Interest EXCEPT: - ✔✔✔ Correct Answer > The insured must have a speculative
risk in the property
, A contractual term for a person who is responsible for unintentional
acts that may cause death or harm to a person or property is known as
- ✔✔✔ Correct Answer > Liability
Which of the following physical damage to a car is considered a
collision? - ✔✔✔ Correct Answer > A driver is distracted by a billboard warning
against texting while driving and runs his car into a traffic signal post.
According to TRIPRA, annual liability losses for the insured are capped
at: - ✔✔✔ Correct Answer > $100 billion
An insured purchases an apartment for $250,000, its replacement cost.
He insures it for $150,000 under a Building and Property Coverage
Form with an 80 percent Coinsurance clause. In the event of a total loss
how much will the insurer pay on the claim? - ✔✔✔ Correct Answer > $150,000
In a Personal Auto Policy, the general provision which gives the right to
the insurer to recover any payments made to an insured from a third
party who caused the loss is called - ✔✔✔ Correct Answer > Subrogation
EXAM AND PRACTICE EXAM WITH CORRECT
VERIFIED ANSWERS ALREADY GRADED A+ FOR
GUARANTEED CERTIFICATION EXCELLENCE
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 is CORRECT regarding cancellation of a policy? -
✔✔✔ Correct Answer > If the insured terminated the coverage, the insurer is
sometimes allowed to deduct administrative costs for processing
cancellation before refunding any premiums
Under the Settlement Considerations clause of a DP policy, which of the
following policies provides dwelling and contents on an ACV Basis? -
✔✔✔ Correct Answer > DP-1
,The employee of a business spills coffee near an elevator and leaves
without a cleanup and 30 minutes later a business vendor of the
insured slips and falls on the coffee and is injured. Which exposure
covered under a CGL is involved in this occurrence? - ✔✔✔ Correct Answer >
Operations
how often must an insurance agent license normally be renewed? - ✔✔✔
Correct Answer > every 2 years
Which of the following statements concerning the earthquake
endorsement and deductibles that pertain to it is NOT true? - ✔✔✔ Correct
Answer > There is no deductible associated with the earthquake peril
According to the conditions of the homeowners policy, the insured
must submit a signed Proof of Loss form to the insurance company -
✔✔✔ Correct Answer > within 60 days of the insurers request
In order to be an eligible surplus lines insurer in texas, an insurance
company must - ✔✔✔ Correct Answer > Have at least $15 million dollars in
capital and surplus
,J claims that last night over $1,000,000 of cash was stolen from his desk
drawer but when the policy investigate, there is no evidence of any
signs of forced entry and J cannot explain that how this loss occurred.
This loss would be a - ✔✔✔ Correct Answer > Mysterious Disappearance
B has a policy with a per person limit of $10,000. B causes in accident in
which three other insureds are hurt. One person suffers, $10,000,
another suffers $7,000 and the last injured party suffered $12,000 in
injuries. How much will B's policy pay total to all three injured parties? -
✔✔✔ Correct Answer > $27,000
what is not a reason an insured may cancel a policy during the policy
period? - ✔✔✔ Correct Answer > Insured bricked their house
All of the following statements are CORRECT regarding Insurable
Interest EXCEPT: - ✔✔✔ Correct Answer > The insured must have a speculative
risk in the property
, A contractual term for a person who is responsible for unintentional
acts that may cause death or harm to a person or property is known as
- ✔✔✔ Correct Answer > Liability
Which of the following physical damage to a car is considered a
collision? - ✔✔✔ Correct Answer > A driver is distracted by a billboard warning
against texting while driving and runs his car into a traffic signal post.
According to TRIPRA, annual liability losses for the insured are capped
at: - ✔✔✔ Correct Answer > $100 billion
An insured purchases an apartment for $250,000, its replacement cost.
He insures it for $150,000 under a Building and Property Coverage
Form with an 80 percent Coinsurance clause. In the event of a total loss
how much will the insurer pay on the claim? - ✔✔✔ Correct Answer > $150,000
In a Personal Auto Policy, the general provision which gives the right to
the insurer to recover any payments made to an insured from a third
party who caused the loss is called - ✔✔✔ Correct Answer > Subrogation
