7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
Texas Insurance License- QUIZ QUESTIONS
EXAM LATEST (2025) COMPLETE QUESTIONS
With 100% Verified Solutions,
Save
Terms in this set (149)
Susie set fire to her house MORAL HAZARDS
to collect the insurance.
This is an example of a(n)
Henry's tires on his SUV PHYSICAL HAZARDS
are so worn that the steel
belt is showing through
the tread. The condition of
the tires is known as
When a driver of an auto ABOSLUTE LIABILITY
breaks the posted speed
limit, the driver's liability
imposed by the law is
known as
Under compensatory SPECIAL damages.
damages, medical
expenses are an example
of
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,7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
Josh attends a hockey ASSUMPTION OF RISK
game. While at the game
he is hit in the head by the
hockey puck resulting in a
broken cheek bone. Josh
immediately sues the
hockey team for damages.
What might be the most
logical defense for the
hockey team?
The Smith family is FIRE RESISTIVE building.
planning to build a new
house. They want the
house to be constructed
entirely of fire resistance
materials. This
construction type is an
example of a
________ contracts are Susie set fire to her house to collect the insurance.
written for a specified This is an example of a(n) MORAL HAZARDS
amount and they list the
value of the insured
property as agreed to by
both the insured and the
insurer at policy inception.
Henry's tires on his SUV PHYSICAL HAZARDS
are so worn that the steel
belt is showing through
the tread. The condition of
the tires is known as
When a driver of an auto ABOSLUTE LIABILITY
breaks the posted speed
limit, the driver's liability
imposed by the law is
known as
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 2/40
,7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
Under compensatory SPECIAL damages.
damages, medical
expenses are an example
of
Josh attends a hockey ASSUMPTION OF RISK
game. While at the game
he is hit in the head by the
hockey puck resulting in a
broken cheek bone. Josh
immediately sues the
hockey team for damages.
What might be the most
logical defense for the
hockey team?
The Smith family is FIRE RESISTIVE building.
planning to build a new
house. They want the
house to be constructed
entirely of fire resistance
materials. This
construction type is an
example of a
______contracts are written VALUED
for a specified amount
and they list the value of
the insured property as
agreed to by both the
insured and the insurer at
policy inception.
The ABC Company has BLANKET policy
several business locations.
They want to cover all the
locations under one
policy. They should
purchase a(n)
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 3/40
, 7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
A building has a market ($80,000 - $25,000 = $55,000) Actual cash value, or
value of $100,000, a ACV is usually calculated by determining the item's
replacement cost of replacement cost (what it would cost to buy a
$80,000 and a replacement) and subtracting an amount for
depreciated amount of depreciation. Here's what it looks like written as a
$25,000. Based on these formula: ACV = Replacement Cost - Depreciation
factors, what is the ACV
amount of the building?
Joe has just purchased a SPECIAL FORMS policy.
new house. He wants to
obtain the broadest
possible insurance
coverage. Joe should
purchase a(n)
Which of the following is In general, the insured can collect the lesser of:
NOT a method by which Insurable interest; Policy limits; Actual cash value;
an insured can collect for Cost to repair; or Replacement cost.
damages?
Which one of the EXCLUSIONS
following terms can be
defined as a policy
provision that omits
certain risks from
coverage?
Joe asked his insurance Policy conditions
agent to explain the
purpose of the conditions
section of his insurance
policy. Joe's agent stated
that it is used to _____.
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Texas Insurance License- QUIZ QUESTIONS
EXAM LATEST (2025) COMPLETE QUESTIONS
With 100% Verified Solutions,
Save
Terms in this set (149)
Susie set fire to her house MORAL HAZARDS
to collect the insurance.
This is an example of a(n)
Henry's tires on his SUV PHYSICAL HAZARDS
are so worn that the steel
belt is showing through
the tread. The condition of
the tires is known as
When a driver of an auto ABOSLUTE LIABILITY
breaks the posted speed
limit, the driver's liability
imposed by the law is
known as
Under compensatory SPECIAL damages.
damages, medical
expenses are an example
of
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 1/40
,7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
Josh attends a hockey ASSUMPTION OF RISK
game. While at the game
he is hit in the head by the
hockey puck resulting in a
broken cheek bone. Josh
immediately sues the
hockey team for damages.
What might be the most
logical defense for the
hockey team?
The Smith family is FIRE RESISTIVE building.
planning to build a new
house. They want the
house to be constructed
entirely of fire resistance
materials. This
construction type is an
example of a
________ contracts are Susie set fire to her house to collect the insurance.
written for a specified This is an example of a(n) MORAL HAZARDS
amount and they list the
value of the insured
property as agreed to by
both the insured and the
insurer at policy inception.
Henry's tires on his SUV PHYSICAL HAZARDS
are so worn that the steel
belt is showing through
the tread. The condition of
the tires is known as
When a driver of an auto ABOSLUTE LIABILITY
breaks the posted speed
limit, the driver's liability
imposed by the law is
known as
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 2/40
,7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
Under compensatory SPECIAL damages.
damages, medical
expenses are an example
of
Josh attends a hockey ASSUMPTION OF RISK
game. While at the game
he is hit in the head by the
hockey puck resulting in a
broken cheek bone. Josh
immediately sues the
hockey team for damages.
What might be the most
logical defense for the
hockey team?
The Smith family is FIRE RESISTIVE building.
planning to build a new
house. They want the
house to be constructed
entirely of fire resistance
materials. This
construction type is an
example of a
______contracts are written VALUED
for a specified amount
and they list the value of
the insured property as
agreed to by both the
insured and the insurer at
policy inception.
The ABC Company has BLANKET policy
several business locations.
They want to cover all the
locations under one
policy. They should
purchase a(n)
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 3/40
, 7/10/25, 8:15 AM Texas Insurance License- QUIZ QUESTIONS EXAM LATEST (2025) COMPLETE QUESTIONS With 100% Verified Solutions, Flas…
A building has a market ($80,000 - $25,000 = $55,000) Actual cash value, or
value of $100,000, a ACV is usually calculated by determining the item's
replacement cost of replacement cost (what it would cost to buy a
$80,000 and a replacement) and subtracting an amount for
depreciated amount of depreciation. Here's what it looks like written as a
$25,000. Based on these formula: ACV = Replacement Cost - Depreciation
factors, what is the ACV
amount of the building?
Joe has just purchased a SPECIAL FORMS policy.
new house. He wants to
obtain the broadest
possible insurance
coverage. Joe should
purchase a(n)
Which of the following is In general, the insured can collect the lesser of:
NOT a method by which Insurable interest; Policy limits; Actual cash value;
an insured can collect for Cost to repair; or Replacement cost.
damages?
Which one of the EXCLUSIONS
following terms can be
defined as a policy
provision that omits
certain risks from
coverage?
Joe asked his insurance Policy conditions
agent to explain the
purpose of the conditions
section of his insurance
policy. Joe's agent stated
that it is used to _____.
https://quizlet.com/1059483269/texas-insurance-license-quiz-questions-exam-latest-2025-complete-questions-with-100-verified-solutions-flash-cards/… 4/40
