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MICHIGAN PROPERTY & CASUALTY
INSURANCE EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. 15 days - correct answer -File a notice of producer appointment
within __ days
2. 30 days - correct answer -Time for producer to respond to
notification
3. Age 18 - correct answer -Applicants minimum age
4. Symbol 9 - correct answer -non-owned autos, any auto owned
by an employee or partner while used in the insured's business
or personal affairs
5. Permitted incidental occupancy - correct answer -Endorsement
to homeowners policy that deletes exclusions in the policy
pertaining to a business conducted on resident premises
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6. Essential Insurance Act - correct answer -Guarantees than an
insurer cannot refuse to insure or continue to insure an eligible
applicant
7. Loss sustained crime form - correct answer -Losses that occur
after the policy are NOT covered, must be during policy period
& discovered up to 1 year after policy expires
8. 60 - correct answer -Insured must send a signed statement of
loss to the insurance company within __
9. Commercial Auto Policy - correct answer -Includes liability &
physical damage,
10. medical payments can be added by endorsement
11. Michigan Catastrophic Claims Association - correct answer -
all insurers writing no-fault insurance are members of the:
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12. Symbol 8 - correct answer -hired autos only-- coverage only
for autos leased, hired, rented, or borrowed from the named
insured's employees or family members. Typically, used for
liability and physical damage coverage.
13. General damages - correct answer -Payable in addition to
special damages, payments for non-economic losses (or not
directly measurable)
14. Ex: pain & suffering, loss of companionship
15. Special Damages - correct answer -Awarded for out of
pocket losses (medical costs, loss of income, property damage)
16. Punitive Damages - correct answer -Monetary damages that
may be awarded to a plaintiff to punish the defendant and deter
similar conduct in the future.
17. Symbol 48 - correct answer -Trailers in insured's possession
MICHIGAN PROPERTY & CASUALTY
INSURANCE EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. 15 days - correct answer -File a notice of producer appointment
within __ days
2. 30 days - correct answer -Time for producer to respond to
notification
3. Age 18 - correct answer -Applicants minimum age
4. Symbol 9 - correct answer -non-owned autos, any auto owned
by an employee or partner while used in the insured's business
or personal affairs
5. Permitted incidental occupancy - correct answer -Endorsement
to homeowners policy that deletes exclusions in the policy
pertaining to a business conducted on resident premises
, Page | 2
6. Essential Insurance Act - correct answer -Guarantees than an
insurer cannot refuse to insure or continue to insure an eligible
applicant
7. Loss sustained crime form - correct answer -Losses that occur
after the policy are NOT covered, must be during policy period
& discovered up to 1 year after policy expires
8. 60 - correct answer -Insured must send a signed statement of
loss to the insurance company within __
9. Commercial Auto Policy - correct answer -Includes liability &
physical damage,
10. medical payments can be added by endorsement
11. Michigan Catastrophic Claims Association - correct answer -
all insurers writing no-fault insurance are members of the:
, Page | 3
12. Symbol 8 - correct answer -hired autos only-- coverage only
for autos leased, hired, rented, or borrowed from the named
insured's employees or family members. Typically, used for
liability and physical damage coverage.
13. General damages - correct answer -Payable in addition to
special damages, payments for non-economic losses (or not
directly measurable)
14. Ex: pain & suffering, loss of companionship
15. Special Damages - correct answer -Awarded for out of
pocket losses (medical costs, loss of income, property damage)
16. Punitive Damages - correct answer -Monetary damages that
may be awarded to a plaintiff to punish the defendant and deter
similar conduct in the future.
17. Symbol 48 - correct answer -Trailers in insured's possession
