Property and Casualty Insurance Mastery Exam
A/questions and answers/2025 newest
A business income policy covers all of the following EXCEPT - non-continuing expenses
A cease and desist order - is issued by the Insurance Commissioner when it appears an
unfair trade practice has occurred
A commercial general liability "occurrence" policy provides coverage for a claim that occurred -
during the policy period
A person may NOT act as a producer/agent unless - licensed by the Department of
Insurance
A piece of jewelry valued at $10,000 is stolen from the insured while at the mall. How much will
an HO-3 policy pay for this loss? - $1,500
A policy used to insure separate pieces of jewelry is called a - personal articles floater
A pollutant is a contaminant that is - all of these may be pollutants
A wet floor in a restaurant is: - a physical hazard
After how many days is the insured penalized for a building being vacant at the time of loss? -
60 days
, All of the following are basic parts of an insurance policy EXCEPT - endorsements
All of the following are duties of the insured following a loss EXCEPT - separate damaged
from undamaged property
All of the following are elements of negligence EXCEPT - must be intentional
All of the following are excluded from the liability portion of commercial auto coverage EXCEPT -
all expenses incurred by the insurer
All of the following are insured contracts under the commercial general liability (CGL) policy
EXCEPT - lease of business equipment
All of the following are responsibilities of the agent when writing insurance EXCEPT - pay
claims promptly
All of the following may be included in a commercial package policy (CPP) EXCEPT -
workers compensation
All of the following perils are covered under the Basic Commercial Property Causes of Loss form
EXCEPT - falling objects
All of the following practices violate ethical principles in the selling of insurance EXCEPT -
replacement
All of the following would be covered property by the CPP building and personal property form
EXCEPT - bailee property
A/questions and answers/2025 newest
A business income policy covers all of the following EXCEPT - non-continuing expenses
A cease and desist order - is issued by the Insurance Commissioner when it appears an
unfair trade practice has occurred
A commercial general liability "occurrence" policy provides coverage for a claim that occurred -
during the policy period
A person may NOT act as a producer/agent unless - licensed by the Department of
Insurance
A piece of jewelry valued at $10,000 is stolen from the insured while at the mall. How much will
an HO-3 policy pay for this loss? - $1,500
A policy used to insure separate pieces of jewelry is called a - personal articles floater
A pollutant is a contaminant that is - all of these may be pollutants
A wet floor in a restaurant is: - a physical hazard
After how many days is the insured penalized for a building being vacant at the time of loss? -
60 days
, All of the following are basic parts of an insurance policy EXCEPT - endorsements
All of the following are duties of the insured following a loss EXCEPT - separate damaged
from undamaged property
All of the following are elements of negligence EXCEPT - must be intentional
All of the following are excluded from the liability portion of commercial auto coverage EXCEPT -
all expenses incurred by the insurer
All of the following are insured contracts under the commercial general liability (CGL) policy
EXCEPT - lease of business equipment
All of the following are responsibilities of the agent when writing insurance EXCEPT - pay
claims promptly
All of the following may be included in a commercial package policy (CPP) EXCEPT -
workers compensation
All of the following perils are covered under the Basic Commercial Property Causes of Loss form
EXCEPT - falling objects
All of the following practices violate ethical principles in the selling of insurance EXCEPT -
replacement
All of the following would be covered property by the CPP building and personal property form
EXCEPT - bailee property
