TEXAS PROPERTY & CASUALTY INSURANCE EXAM LATEST WITH ACTUAL QUESTIONS
AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!
What is the formula for finding Actual Cash Value (ACV) ? - (answer)Deprecation Cost - Replacement
Cost (Dep - Rep)
Define the appraisal process - - (answer)When there is a disagreement on the value of an insured item,
an appraiser can be called in to make the final call. If he is called in, his word is law.
Which Personal Auto Policy Coverage covers loss of income? - (answer)PiP - Personal injury protection
What is a hazard? - (answer)Increases chances of loss
What percent of coverage A is coverage B on an HO 3 policy? - (answer)Personal Injury Protection
What is an Insurable Interest and when must it exist? - (answer)When there is a financial interest in an
accident at the time of loss
What is the maximum an insured can collect from their homeowner policy per tree for a covered loss? -
(answer)Up to $500 PER TREE
What coverage's are included in a Standard Fire Policy? - (answer)Fire, Lightning and Removal - Extra
coverage can be added on
How many hours of ethics must you have to complete your continuing education requirements each
license renewal? - (answer)2 Hours for Ethics
What determines if an adjuster should total a vehicle? - (answer)When the repair cost is greater than
the car's original value
What are the minimum splits of automobile liability in Texas? - (answer) / 25
, TEXAS PROPERTY & CASUALTY INSURANCE EXAM LATEST WITH ACTUAL QUESTIONS
AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!
What is the maximum number of days a property can be vacant before coverage increases? - (answer)60
days and only 30 days under the Standard Fire Policy (SFP)
Define mono-line coverage - - (answer)Coverage with only ONE line (mono = 1)
Does the insured have to admit blame in order for an adjuster to pay a claim? - (answer)No
What is hanger keepers coverage - (answer)Coverage for aircraft
An insurance contract has how many parties? - (answer)Two
A bond has how many parties to the contract? - (answer)3 - The Obligee, Obligor, and insured (OOi)
In a bond, which party guarantees the actions of the principal? - (answer)Surety
Define barratry - (answer)Illegal actions of a ship caption and or his crew
What is hull coverage for aviation and ocean marine insurance? - (answer)Coverage for physical damage
on airplanes and ships
A commercial property policy provides how much coverage for an unattached sign? - (answer)The
Commercial Property Policy allows $1000 for an unattached, covered sign
When would an insured homeowner use Loss of Use? - (answer)When the home is uninhabitable and
covered
AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!
What is the formula for finding Actual Cash Value (ACV) ? - (answer)Deprecation Cost - Replacement
Cost (Dep - Rep)
Define the appraisal process - - (answer)When there is a disagreement on the value of an insured item,
an appraiser can be called in to make the final call. If he is called in, his word is law.
Which Personal Auto Policy Coverage covers loss of income? - (answer)PiP - Personal injury protection
What is a hazard? - (answer)Increases chances of loss
What percent of coverage A is coverage B on an HO 3 policy? - (answer)Personal Injury Protection
What is an Insurable Interest and when must it exist? - (answer)When there is a financial interest in an
accident at the time of loss
What is the maximum an insured can collect from their homeowner policy per tree for a covered loss? -
(answer)Up to $500 PER TREE
What coverage's are included in a Standard Fire Policy? - (answer)Fire, Lightning and Removal - Extra
coverage can be added on
How many hours of ethics must you have to complete your continuing education requirements each
license renewal? - (answer)2 Hours for Ethics
What determines if an adjuster should total a vehicle? - (answer)When the repair cost is greater than
the car's original value
What are the minimum splits of automobile liability in Texas? - (answer) / 25
, TEXAS PROPERTY & CASUALTY INSURANCE EXAM LATEST WITH ACTUAL QUESTIONS
AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!
What is the maximum number of days a property can be vacant before coverage increases? - (answer)60
days and only 30 days under the Standard Fire Policy (SFP)
Define mono-line coverage - - (answer)Coverage with only ONE line (mono = 1)
Does the insured have to admit blame in order for an adjuster to pay a claim? - (answer)No
What is hanger keepers coverage - (answer)Coverage for aircraft
An insurance contract has how many parties? - (answer)Two
A bond has how many parties to the contract? - (answer)3 - The Obligee, Obligor, and insured (OOi)
In a bond, which party guarantees the actions of the principal? - (answer)Surety
Define barratry - (answer)Illegal actions of a ship caption and or his crew
What is hull coverage for aviation and ocean marine insurance? - (answer)Coverage for physical damage
on airplanes and ships
A commercial property policy provides how much coverage for an unattached sign? - (answer)The
Commercial Property Policy allows $1000 for an unattached, covered sign
When would an insured homeowner use Loss of Use? - (answer)When the home is uninhabitable and
covered
