XCEL SOLUTIONS PROPERTY AND
CASUALTY CERTIFICATION EVALUATION
EXAMS 2026 QUESTIONS AND COMPLETE
SOLUTIONS
⩥ Which of the following losses is an example of the assured suffering
an average loss? Answer: H's ship's mast is damaged during a lightning
storm and must be repaired
⩥ Free from Particular Average Coverage: Answer: Frees the shipper
from minor losses
⩥ What will the superintendent of insurance do to an insurer who
violates the cancellation rules? Answer: Revoke their certificate of
authority
⩥ Once a controlling producers calendar aggregate gross written
premiums reach 2% or less, what action must the controlling insurer
take? Answer: The controlling insurer does not need to take any action.
⩥ High Rise/Condo buildings typically have which construction
(according to ISO guidelines)? Answer: Modified/Semi Fire Resistive
, ⩥ Which of the following incidents would not be excluded under a DP-3
policy? Answer: Burglary of a property that was vacant for 30
consecutive days
⩥ Which of the following perils is not a Basic Form (DP-1) peril?
Answer: Explosion
⩥ J has Garagekeepers coverage for his auto sales business and has
added excess direct coverage. Excess direct coverage can be best
explained as: Answer: no-fault, goodwill coverage the insurer will pay
for regardless of G's company being at fault or not
⩥ Bodily injury is best defines as: Answer: bodily harm, sickness,
disease
⩥ An agreement is reached when an insurance contract is formed. Which
of the following is NOT considered to be an element of an agreement?
Answer: Equity
⩥ Which of the following statements about NFIP deductibles is TRUE?
Answer: There is a deductible applied to the building and another to the
contents under both the emergency and the regular programs.
⩥ According to the Homeowners Endorsement HO 01 34, Special
Provisions for Ohio, an insurer may cancel a policy after it has been in
CASUALTY CERTIFICATION EVALUATION
EXAMS 2026 QUESTIONS AND COMPLETE
SOLUTIONS
⩥ Which of the following losses is an example of the assured suffering
an average loss? Answer: H's ship's mast is damaged during a lightning
storm and must be repaired
⩥ Free from Particular Average Coverage: Answer: Frees the shipper
from minor losses
⩥ What will the superintendent of insurance do to an insurer who
violates the cancellation rules? Answer: Revoke their certificate of
authority
⩥ Once a controlling producers calendar aggregate gross written
premiums reach 2% or less, what action must the controlling insurer
take? Answer: The controlling insurer does not need to take any action.
⩥ High Rise/Condo buildings typically have which construction
(according to ISO guidelines)? Answer: Modified/Semi Fire Resistive
, ⩥ Which of the following incidents would not be excluded under a DP-3
policy? Answer: Burglary of a property that was vacant for 30
consecutive days
⩥ Which of the following perils is not a Basic Form (DP-1) peril?
Answer: Explosion
⩥ J has Garagekeepers coverage for his auto sales business and has
added excess direct coverage. Excess direct coverage can be best
explained as: Answer: no-fault, goodwill coverage the insurer will pay
for regardless of G's company being at fault or not
⩥ Bodily injury is best defines as: Answer: bodily harm, sickness,
disease
⩥ An agreement is reached when an insurance contract is formed. Which
of the following is NOT considered to be an element of an agreement?
Answer: Equity
⩥ Which of the following statements about NFIP deductibles is TRUE?
Answer: There is a deductible applied to the building and another to the
contents under both the emergency and the regular programs.
⩥ According to the Homeowners Endorsement HO 01 34, Special
Provisions for Ohio, an insurer may cancel a policy after it has been in
