7/17/25, 1:44 PM New York State Property and Casualty Licensing Exam
New York State Property and Casualty Licensing
Exam 2025 -2026 \COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS \VERIFIED
SOLUTIONS \ALREADY GRADED A+
Duplicate insurance policies
Pro Rata Liability Clause is The purpose of this clause is to illustrate the method
included in an insurance to determine each insurer's liability in case of a loss.
policy to deal with the Each insurer pays its fair share determined by the
problem of percentage that the carrier's limit bears to the total
coverage carried.
If a loss occurs that is covered by more than 1
insurance policy that was purchased by the insured,
then each policy pays a portion of the loss that is
pro rata liability
proportional to the amount of that policy over the
total amount of all policies for the loss—each policy
pays its pro rata share.
Res ipsa loquitur means, roughly, "the thing speaks for
itself." Courts developed the concept of Res Ipsa
What is meant by Res Ipsa
Loquitur to deal with cases in which the actual
Loquitur?
negligent act cannot be proved, but it is clear that the
injury was caused by negligence.
What territories are The coverage territory granted in commercial auto
covered by commercial insurance is the United States, its territories and
auto insurance? possessions, Puerto Rico and Canada.
… 1/14
, 7/17/25, 1:44 PM New York State Property and Casualty Licensing Exam
Payment of defense and other expenses by the
What does automobile insurance company beyond the limits of liability..
insurance Supplementary Any expense the insurance company wishes to incur
Payments refer to? in the processing of a claim is outside the limits of
coverage. The insured is not penalized.
A residence employee..
Medical Payments This could be someone who mows the lawn. However,
coverage under a if a residence employee is covered under Workers
Homeowner policy are Compensation Coverage then the Medical Payments
available for expenses Coverage would not apply. Coverage does not apply
resulting from an injury to: to the insured or member of the household. Roomers,
boarders and tenants are not covered as well
The Homeowners forms exclude certain types of
property. Pets are not covered for loss by an insured
what does Homeowners -
peril. The policy also excludes coverage for property
Coverage C exclude?
that is more specifically insured. Property of tenants is
also excluded.
George Wilson has a Comprehensive (other than collision).
personal auto policy. What Contact with a bird or animal is considered to be an
coverage that would "other than collision" loss.
apply when a deer leaps
onto Mr. Wilson's car and
causes extensive damage?
an insurance agent, insurance broker, reinsurance
intermediary, excess lines broker, or any other person
insurance producer
required to be licensed under the laws of this state to
sell, solicit, or negotiate insurance
the District of Columbia or any state or territory of the
United States in which an insurance producer
home state maintains his, her or its principal place of residence or
principal place of business and its licensed to act as
an insurance producer
… 2/14
New York State Property and Casualty Licensing
Exam 2025 -2026 \COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS \VERIFIED
SOLUTIONS \ALREADY GRADED A+
Duplicate insurance policies
Pro Rata Liability Clause is The purpose of this clause is to illustrate the method
included in an insurance to determine each insurer's liability in case of a loss.
policy to deal with the Each insurer pays its fair share determined by the
problem of percentage that the carrier's limit bears to the total
coverage carried.
If a loss occurs that is covered by more than 1
insurance policy that was purchased by the insured,
then each policy pays a portion of the loss that is
pro rata liability
proportional to the amount of that policy over the
total amount of all policies for the loss—each policy
pays its pro rata share.
Res ipsa loquitur means, roughly, "the thing speaks for
itself." Courts developed the concept of Res Ipsa
What is meant by Res Ipsa
Loquitur to deal with cases in which the actual
Loquitur?
negligent act cannot be proved, but it is clear that the
injury was caused by negligence.
What territories are The coverage territory granted in commercial auto
covered by commercial insurance is the United States, its territories and
auto insurance? possessions, Puerto Rico and Canada.
… 1/14
, 7/17/25, 1:44 PM New York State Property and Casualty Licensing Exam
Payment of defense and other expenses by the
What does automobile insurance company beyond the limits of liability..
insurance Supplementary Any expense the insurance company wishes to incur
Payments refer to? in the processing of a claim is outside the limits of
coverage. The insured is not penalized.
A residence employee..
Medical Payments This could be someone who mows the lawn. However,
coverage under a if a residence employee is covered under Workers
Homeowner policy are Compensation Coverage then the Medical Payments
available for expenses Coverage would not apply. Coverage does not apply
resulting from an injury to: to the insured or member of the household. Roomers,
boarders and tenants are not covered as well
The Homeowners forms exclude certain types of
property. Pets are not covered for loss by an insured
what does Homeowners -
peril. The policy also excludes coverage for property
Coverage C exclude?
that is more specifically insured. Property of tenants is
also excluded.
George Wilson has a Comprehensive (other than collision).
personal auto policy. What Contact with a bird or animal is considered to be an
coverage that would "other than collision" loss.
apply when a deer leaps
onto Mr. Wilson's car and
causes extensive damage?
an insurance agent, insurance broker, reinsurance
intermediary, excess lines broker, or any other person
insurance producer
required to be licensed under the laws of this state to
sell, solicit, or negotiate insurance
the District of Columbia or any state or territory of the
United States in which an insurance producer
home state maintains his, her or its principal place of residence or
principal place of business and its licensed to act as
an insurance producer
… 2/14
