1|Page
PROPERTY & CASUALTY QUESTIONS GA
EXAM | COMPREHENSIVE Q&A FOR
GUARANTEED SUCCESS
The insured had a pair of antique silver candlesticks valued at $2000. A thief stole
one candlestick. because the set was " broken," the remaining candlestick's value
was reduced to $250. Disregarding the deductible , the insurer would pay
A. $1000 - depreciated value of the remaining candle stick
B. $1000
C. $1000 + depreciated value of the remaining candlestick, totaling $1750
D. $2000 - correct-answer-C. $1000 + depreciated value of the remaining
candlestick, totaling $1750
Off premises dwelling property coverage provides up to
A. 10% of coverage C
B. 10% of coverage A
C. 50% of coverage A
D 50% of coverage C - correct-answer-A. 10% of coverage C
,2|Page
The Earthquake endorsement on a homeowners policy states that only one
deductible must be paid for any aftershocks that occur within how many hours of
the original earthquake
A. 72 hours
B. 24 hours
C. 48 hours - correct-answer-
The only newspaper in clarksville was severely damaged by a tornado. the paper
must be printed for several weeks at another printing facility in a distant town.
Under which ins policy is that covered ?
A. dependent properties
B. Business income
C. contributing location coverage
D Extra expense - correct-answer-D Extra expense
Which of the following auto coverages insures only the policyholder's legal liability
?
A. Bodily injury/property damage
B. Comprehensive
,3|Page
C. Uninsured motorist
D. Collision - correct-answer-A. Bodily injury/property damage
Which of the following statements are true about the standard mortgagee clause
is TRUE?
A. nothing the insured does can prevent the mortgagee from collecting under the
policy .
B. The mortgagee has no right under the policy.
C. The mortgage is the only party that can submit claims under the policy
D. The mortgagee can only collect from the policy with prior written consent of
the policyholder. - correct-answer-A. nothing the insured does can prevent the
mortgagee from collecting under the policy .
An insurance policy that contains unclear language will be?
A. interpreted against the party who wrote the contract
B. interpreted by the party who wrote the contract
C. interpreted against the insured who accepted the policy
D. rewritten by the ins department - correct-answer-A. interpreted against the
party who wrote the contract
, 4|Page
All of the following risk exposures are covered by the liability sections of the BOP
EXCEPT ?
A. employers' liability
B. adverting injury
C. product liability
D. premises liability - correct-answer-A. employers' liability
which of the following HO coverages does NOT generally contain a deductible?
A. personal liability
B. other structures
C. Liability
D. Dwelling - correct-answer-C. Liability
All of the following perils are covered under a Building and Business Personal
Property Coverage Form with a Cause of Loss Form attached EXCEPT
A. smoke
B. sinkhole collapse
C earth movement
D. sprinkler leakage - correct-answer-C earth movement
PROPERTY & CASUALTY QUESTIONS GA
EXAM | COMPREHENSIVE Q&A FOR
GUARANTEED SUCCESS
The insured had a pair of antique silver candlesticks valued at $2000. A thief stole
one candlestick. because the set was " broken," the remaining candlestick's value
was reduced to $250. Disregarding the deductible , the insurer would pay
A. $1000 - depreciated value of the remaining candle stick
B. $1000
C. $1000 + depreciated value of the remaining candlestick, totaling $1750
D. $2000 - correct-answer-C. $1000 + depreciated value of the remaining
candlestick, totaling $1750
Off premises dwelling property coverage provides up to
A. 10% of coverage C
B. 10% of coverage A
C. 50% of coverage A
D 50% of coverage C - correct-answer-A. 10% of coverage C
,2|Page
The Earthquake endorsement on a homeowners policy states that only one
deductible must be paid for any aftershocks that occur within how many hours of
the original earthquake
A. 72 hours
B. 24 hours
C. 48 hours - correct-answer-
The only newspaper in clarksville was severely damaged by a tornado. the paper
must be printed for several weeks at another printing facility in a distant town.
Under which ins policy is that covered ?
A. dependent properties
B. Business income
C. contributing location coverage
D Extra expense - correct-answer-D Extra expense
Which of the following auto coverages insures only the policyholder's legal liability
?
A. Bodily injury/property damage
B. Comprehensive
,3|Page
C. Uninsured motorist
D. Collision - correct-answer-A. Bodily injury/property damage
Which of the following statements are true about the standard mortgagee clause
is TRUE?
A. nothing the insured does can prevent the mortgagee from collecting under the
policy .
B. The mortgagee has no right under the policy.
C. The mortgage is the only party that can submit claims under the policy
D. The mortgagee can only collect from the policy with prior written consent of
the policyholder. - correct-answer-A. nothing the insured does can prevent the
mortgagee from collecting under the policy .
An insurance policy that contains unclear language will be?
A. interpreted against the party who wrote the contract
B. interpreted by the party who wrote the contract
C. interpreted against the insured who accepted the policy
D. rewritten by the ins department - correct-answer-A. interpreted against the
party who wrote the contract
, 4|Page
All of the following risk exposures are covered by the liability sections of the BOP
EXCEPT ?
A. employers' liability
B. adverting injury
C. product liability
D. premises liability - correct-answer-A. employers' liability
which of the following HO coverages does NOT generally contain a deductible?
A. personal liability
B. other structures
C. Liability
D. Dwelling - correct-answer-C. Liability
All of the following perils are covered under a Building and Business Personal
Property Coverage Form with a Cause of Loss Form attached EXCEPT
A. smoke
B. sinkhole collapse
C earth movement
D. sprinkler leakage - correct-answer-C earth movement
