Xcel Solutions Property & Casualty Questions
with Correct Answers 2025/2026
An learned lpremium lresulting lfrom lthe lcancellation lof la lpolicy lis lcalculated lon: l- lCORRECT
lANSWER l-On la lpro lrata lbasis, lbased lon lthe lprevious lyear's lrate
M lowns la lparking lgarage l& lhas lcoverage lthat lstates: l"We lwill lcover llosses lregardless lif lyou
lare llegally lliable lfor lthe lloss." lThis lno-fault lideology lwill lbe lfound lunder: l- lCORRECT
lANSWER l- lExcess lDirect lCoverage
An linsurance lcompany lwriting lbusiness lin la lstate lother lthan lthe lone lin lwhich lit lis ldomiciled
lis lcalled: l- lCORRECT lANSWER l-a lForeign
Y lis lrunning la lhome ldaycare lout lof ltheir lhome l& lhas ljust learned l$50,000 lin lher lfirst lyear
lof lbusiness. lUnder lan lHO lpolicy, lY's ldaycare lis ldefined las: l- lCORRECT lANSWER l-Not la
lbusiness
Underwriting lguards lagainst l- lCORRECT lANSWER l-Adverse lSelection
A llicensee lwhose lname lor laddress lchanges lmust lnotify lthe lDept lof lInsurance lwithin l
days: l- lCORRECT lANSWER l-30 lDays
Assumption lof lrisk: l- lCORRECT lANSWER l-States lthat la lparty lwill lnot lcollect ldamages
lbecause lthey lshould lhave lknown lwhat lthey lwere ldoing lwas lrisky
Under la lDP-2 lBroad lform, lwhich lof lthe lfollowing lis lnot la lBroad lperil? l- lCORRECT lANSWER l-
,lVandalism
Which lof lthe lfollowing lincidents lwould lnot lbe lexcluded lunder la lDP-3 lpolicy? l- lCORRECT
lANSWER l-Burglary lof la lproperty lthat lwas lvacant lfor l30 lconsecutive ldays
, Which lof lthe lfollowing lare llosses lexcluded lunder lCoverage lF? l- lCORRECT lANSWER l-An
lindividual lwho lis leligible lto lreceive ldisability linsurance
Which lof lthe lfollowing lwill lnot lprovide la lpremium ldiscount lfrom lstandard lmarket lworkers
lcomp linsurance? l- lCORRECT lANSWER l-Assigned lRisk lPlan
The lface lamount lof la lSurety lbond lis lcalled lthe: l- lCORRECT lANSWER l-Penalty
M lhas lopened lup lhis lbusiness, lTractors l& lSemis lSales, lLLC. lHis lstock lwill lbe lcovered lwhile lit
lis lbeing ltransported, lif lhe: l- lCORRECT lANSWER l-Adds lthe lequipment ldealers lfloater
All lof lthe lfollowing lare lcorrect labout lthe lCommercial lEndorsement lregarding lSpoilage lEXCEPT: l-
lCORRECT lANSWER l-Coverage lextends lto lstock loff lpremises
What lis la lcertificate lof lauthority? l- lCORRECT lANSWER l-The llicense lrequired lfor lan linsurer
lto lconduct lbusiness lin lthe lstate
A llicensed lproducer lwho llives lin lanother lstate l& ltransacts linsurance lin lAZ lis lcalled: l-
lCORRECT lANSWER l-A lNon-Resident lProducer
Any lof lthe lfollowing lmay lbe lan lunfair lclaims lsettlement lpractice lEXCEPT: l- lCORRECT
lANSWER l- lRefusing lto lpay lpersons lbringing lfalse lor lfraudulent lclaims
What lis lthe lbest ldescription lof lan lapplicant lto lthe lAZ lauto linsurance lplan? l- lCORRECT lANSWER
-An lapplicant lin lgood-faith lentitled lto lcoverage lbut lunable lto lobtain lcoverage lthrough
lordinary lmethods
with Correct Answers 2025/2026
An learned lpremium lresulting lfrom lthe lcancellation lof la lpolicy lis lcalculated lon: l- lCORRECT
lANSWER l-On la lpro lrata lbasis, lbased lon lthe lprevious lyear's lrate
M lowns la lparking lgarage l& lhas lcoverage lthat lstates: l"We lwill lcover llosses lregardless lif lyou
lare llegally lliable lfor lthe lloss." lThis lno-fault lideology lwill lbe lfound lunder: l- lCORRECT
lANSWER l- lExcess lDirect lCoverage
An linsurance lcompany lwriting lbusiness lin la lstate lother lthan lthe lone lin lwhich lit lis ldomiciled
lis lcalled: l- lCORRECT lANSWER l-a lForeign
Y lis lrunning la lhome ldaycare lout lof ltheir lhome l& lhas ljust learned l$50,000 lin lher lfirst lyear
lof lbusiness. lUnder lan lHO lpolicy, lY's ldaycare lis ldefined las: l- lCORRECT lANSWER l-Not la
lbusiness
Underwriting lguards lagainst l- lCORRECT lANSWER l-Adverse lSelection
A llicensee lwhose lname lor laddress lchanges lmust lnotify lthe lDept lof lInsurance lwithin l
days: l- lCORRECT lANSWER l-30 lDays
Assumption lof lrisk: l- lCORRECT lANSWER l-States lthat la lparty lwill lnot lcollect ldamages
lbecause lthey lshould lhave lknown lwhat lthey lwere ldoing lwas lrisky
Under la lDP-2 lBroad lform, lwhich lof lthe lfollowing lis lnot la lBroad lperil? l- lCORRECT lANSWER l-
,lVandalism
Which lof lthe lfollowing lincidents lwould lnot lbe lexcluded lunder la lDP-3 lpolicy? l- lCORRECT
lANSWER l-Burglary lof la lproperty lthat lwas lvacant lfor l30 lconsecutive ldays
, Which lof lthe lfollowing lare llosses lexcluded lunder lCoverage lF? l- lCORRECT lANSWER l-An
lindividual lwho lis leligible lto lreceive ldisability linsurance
Which lof lthe lfollowing lwill lnot lprovide la lpremium ldiscount lfrom lstandard lmarket lworkers
lcomp linsurance? l- lCORRECT lANSWER l-Assigned lRisk lPlan
The lface lamount lof la lSurety lbond lis lcalled lthe: l- lCORRECT lANSWER l-Penalty
M lhas lopened lup lhis lbusiness, lTractors l& lSemis lSales, lLLC. lHis lstock lwill lbe lcovered lwhile lit
lis lbeing ltransported, lif lhe: l- lCORRECT lANSWER l-Adds lthe lequipment ldealers lfloater
All lof lthe lfollowing lare lcorrect labout lthe lCommercial lEndorsement lregarding lSpoilage lEXCEPT: l-
lCORRECT lANSWER l-Coverage lextends lto lstock loff lpremises
What lis la lcertificate lof lauthority? l- lCORRECT lANSWER l-The llicense lrequired lfor lan linsurer
lto lconduct lbusiness lin lthe lstate
A llicensed lproducer lwho llives lin lanother lstate l& ltransacts linsurance lin lAZ lis lcalled: l-
lCORRECT lANSWER l-A lNon-Resident lProducer
Any lof lthe lfollowing lmay lbe lan lunfair lclaims lsettlement lpractice lEXCEPT: l- lCORRECT
lANSWER l- lRefusing lto lpay lpersons lbringing lfalse lor lfraudulent lclaims
What lis lthe lbest ldescription lof lan lapplicant lto lthe lAZ lauto linsurance lplan? l- lCORRECT lANSWER
-An lapplicant lin lgood-faith lentitled lto lcoverage lbut lunable lto lobtain lcoverage lthrough
lordinary lmethods
