Property and Casualty Practice PSI
Exam 2026 Questions and Answers
Employees are barred from suing employers in court to obtain compensation for
injuries covered by workers' compensation because of which of the following
doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance - Correct answer-Exclusive Remedy
Which of the following would trigger coverage under business income form with
extra expense coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
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,-Building inspectors fees after a loss
-Unit rent when tenant is liable - Correct answer-Carpet Cleaning after a water
main break
All of the following would be considered an insured person under Part A of a
personal automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that they share
liability with the insured person.
-Anyone using the insured's car with the insured's permission or the reasonable
belief that they are entitled to do so.
-The named insured and members of the insured's family for the ownership,
maintenance and use of any auto or trailer.
-Other persons or organizations for their liability from an accident involving an
auto or trailer used by the insured but owned by that person or organization. -
Correct answer-Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that person or
organization.
A DP-2 policy covers all of the following EXCEPT:
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,-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
-accidental discharge of steam from a plumbing system. - Correct answer-damage
to awnings from weight and snow
An extended reporting period attached to a general liability policy provides
coverage in which of the following ways?
-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms. - Correct
answer-It provides coverage for claims made outside the policy term.
Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
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, -Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims - Correct
answer-Installing a fire hose system on every floor of a building
Which of the following persons is covered for accidental injury on the insured's
premises under the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker - Correct answer-a volunteer worker
Which Homeowner Form covers fixtures, installations, and improvements made or
acquired at the insured's expense?
HO-6
HO-5
HO-4
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Exam 2026 Questions and Answers
Employees are barred from suing employers in court to obtain compensation for
injuries covered by workers' compensation because of which of the following
doctrines?
-Employer liability
-Exclusive remedy
-Workman liability
-No fault insurance - Correct answer-Exclusive Remedy
Which of the following would trigger coverage under business income form with
extra expense coverage?
-Carpet cleaning after a water main break
-Employee pay after a building structure is damaged
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
,-Building inspectors fees after a loss
-Unit rent when tenant is liable - Correct answer-Carpet Cleaning after a water
main break
All of the following would be considered an insured person under Part A of a
personal automobile policy EXCEPT:
-Other persons or organizations that use the car to the extent that they share
liability with the insured person.
-Anyone using the insured's car with the insured's permission or the reasonable
belief that they are entitled to do so.
-The named insured and members of the insured's family for the ownership,
maintenance and use of any auto or trailer.
-Other persons or organizations for their liability from an accident involving an
auto or trailer used by the insured but owned by that person or organization. -
Correct answer-Other persons or organizations for their liability from an accident
involving an auto or trailer used by the insured but owned by that person or
organization.
A DP-2 policy covers all of the following EXCEPT:
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,-damage to awnings from weight of snow.
-damage to property caused by burglars.
-freezing of automatic fire sprinkler systems.
-accidental discharge of steam from a plumbing system. - Correct answer-damage
to awnings from weight and snow
An extended reporting period attached to a general liability policy provides
coverage in which of the following ways?
-It provides coverage for claims made outside the policy term.
-It gives an additional 30 days coverage beyond the policy term.
-It gives an additional 10 years coverage beyond the policy term.
-It covers any gap between the claims-made and occurrence forms. - Correct
answer-It provides coverage for claims made outside the policy term.
Which of the following is an example of risk reduction?
-Installing a fire hose system on every floor of a building
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, -Carrying an adequate amount of insurance to cover any loss.
-Refusal to work in a building that is not made of brick or concrete
-Not purchasing insurance because of a past history of zero claims - Correct
answer-Installing a fire hose system on every floor of a building
Which of the following persons is covered for accidental injury on the insured's
premises under the commercial general liability medical payments?
-a tenant of the premises
-an employee of the insured
-person injured in warfare
-a volunteer worker - Correct answer-a volunteer worker
Which Homeowner Form covers fixtures, installations, and improvements made or
acquired at the insured's expense?
HO-6
HO-5
HO-4
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