Texas Property and Casualty Insurance
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TEXAS PROPERTY AND CASUALTY INSURANCE 9
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Texas Property and Casualty Insurance 111
Latest content Texas Property and Casualty Insurance
TEXAS PROPERTY AND CASUALTY INSURANCE 
EXAM WITH 100+ REAL QUESTIONS AND VERIFIED 
CORRECT ANSWERS ALREADY GRADED A+ 
|GUARANTEED SUCCESS
- Exam (elaborations)
- • 16 pages's •
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TEXAS PROPERTY AND CASUALTY INSURANCE•TEXAS PROPERTY AND CASUALTY INSURANCE
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TEXAS PROPERTY AND CASUALTY INSURANCE 
EXAM WITH 100+ REAL QUESTIONS AND VERIFIED 
CORRECT ANSWERS ALREADY GRADED A+ 
|GUARANTEED SUCCESS
TEXAS PROPERTY AND CASUALTY 
INSURANCE STUDY GUIDE ACTUAL EXAM 
COMPLETE 220+ QUESTIONS AND CORRECT 
DETAILED ANSWERS (VERIFIED ANSWERS) 
|ALREADY GRADED A+
- Exam (elaborations)
- • 29 pages's •
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TEXAS PROPERTY AND CASUALTY INSURANCE•TEXAS PROPERTY AND CASUALTY INSURANCE
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TEXAS PROPERTY AND CASUALTY 
INSURANCE STUDY GUIDE ACTUAL EXAM 
COMPLETE 220+ QUESTIONS AND CORRECT 
DETAILED ANSWERS (VERIFIED ANSWERS) 
|ALREADY GRADED A+
Which of the following statements regarding a warranty is correct? - 
ANSWER>>They are statements which are supposed to be absolutely true 
Statements made by an applicant for property insurance which in the opinion of 
the applicant, are true to the best of his or her knowledge are called: - 
ANSWER>>Representations 
K owns a factory and has an Equipment Breakdown Policy on his business. 
Which of the following would be covered as a "pure accident" under the 
contract lan...
- Exam (elaborations)
- • 30 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Which of the following statements regarding a warranty is correct? - 
ANSWER>>They are statements which are supposed to be absolutely true 
Statements made by an applicant for property insurance which in the opinion of 
the applicant, are true to the best of his or her knowledge are called: - 
ANSWER>>Representations 
K owns a factory and has an Equipment Breakdown Policy on his business. 
Which of the following would be covered as a "pure accident" under the 
contract lan...
Texas Property and Casualty Insurance Policies. (State Test) Questions with 100% Correct Answers 
The businessowners policy liability coverage will pay for necessary medical expenses of others within what maximum time period? 
1 Year 
 
 
Which of the following covers a carrier for liability for loss to cargo while it is being transported in a truck? 
Moto truck cargo policy- truckers form 
 
 
In which of the following types of property valuation will the policy pay the full value specified on ...
- Exam (elaborations)
- • 3 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas Property and Casualty Insurance Policies. (State Test) Questions with 100% Correct Answers 
The businessowners policy liability coverage will pay for necessary medical expenses of others within what maximum time period? 
1 Year 
 
 
Which of the following covers a carrier for liability for loss to cargo while it is being transported in a truck? 
Moto truck cargo policy- truckers form 
 
 
In which of the following types of property valuation will the policy pay the full value specified on ...
Texas Personal lines Property & Casualty Exam 2024 Questions with 100% Correct Answers 
Risk 
Chance or Uncertainty of a Loss 
 
 
Peril 
Possible cause of a loss 
 
 
2 Years 
The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 
 
 
5 Years 
The Commissioner of insurance MUST have ________ of experience in business or government. 
 
 
$50,000 
The Commissioner of insurance must provide a __________ surety bond. (A suret...
- Exam (elaborations)
- • 26 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas Personal lines Property & Casualty Exam 2024 Questions with 100% Correct Answers 
Risk 
Chance or Uncertainty of a Loss 
 
 
Peril 
Possible cause of a loss 
 
 
2 Years 
The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 
 
 
5 Years 
The Commissioner of insurance MUST have ________ of experience in business or government. 
 
 
$50,000 
The Commissioner of insurance must provide a __________ surety bond. (A suret...
Property and Casualty insurance exam Texas Questions with 100% Correct Answers 
Insurance 
The transfer of risk through a legal contract 
 
 
 
Property 
Covers real property and personal property against damage or loss resulting from covered causes of loss called perils 
 
 
 
casualty 
covers non-property losses (3rd Party) 
 
 
 
Personal lines 
Insurance for families and individuals 
 
 
 
Commercial Lines 
Insurance for Business 
 
 
 
Risk 
Uncertainty of financial loss 
 
 
 
Pure Risk 
...
- Exam (elaborations)
- • 22 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Property and Casualty insurance exam Texas Questions with 100% Correct Answers 
Insurance 
The transfer of risk through a legal contract 
 
 
 
Property 
Covers real property and personal property against damage or loss resulting from covered causes of loss called perils 
 
 
 
casualty 
covers non-property losses (3rd Party) 
 
 
 
Personal lines 
Insurance for families and individuals 
 
 
 
Commercial Lines 
Insurance for Business 
 
 
 
Risk 
Uncertainty of financial loss 
 
 
 
Pure Risk 
...
Texas General Lines - Property and Casualty (Law and Regulations) Questions with 100% Correct Answers 
Licensing Purpose 
For the protection of the public of this state. 
 
 
Individuals must satisfy the following to be eligible to get a license: 
-18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-Not license for the purpose of selling to themselves, family, or employees 
 
 
Refuse to issue any license if: 
-Material ...
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- • 10 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas General Lines - Property and Casualty (Law and Regulations) Questions with 100% Correct Answers 
Licensing Purpose 
For the protection of the public of this state. 
 
 
Individuals must satisfy the following to be eligible to get a license: 
-18 years of age or older 
-Resident of state 
-Passed exam and pay fees 
-Filed application and submitted a fingerprint card 
-Not license for the purpose of selling to themselves, family, or employees 
 
 
Refuse to issue any license if: 
-Material ...
Texas Property & Casualty License Exam 2024 Questions with 100% Correct Answers 
Property vs Casualty: What is considered property? 
Structure & Personal Property 
 
 
Property vs Casualty: What is considered casualty? 
Non-property losses. Legal liability to others. 3rd Party 
 
 
Risk 
uncertainty of financial loss 
 
 
Pure Risk 
Chance of Loss 
 
 
Speculative Risk 
Chance of Loss or Gain (Gamble) 
 
 
Insurance (covers which type of risk?) 
Pure Risk Only 
 
 
How does the law of large num...
- Exam (elaborations)
- • 10 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas Property & Casualty License Exam 2024 Questions with 100% Correct Answers 
Property vs Casualty: What is considered property? 
Structure & Personal Property 
 
 
Property vs Casualty: What is considered casualty? 
Non-property losses. Legal liability to others. 3rd Party 
 
 
Risk 
uncertainty of financial loss 
 
 
Pure Risk 
Chance of Loss 
 
 
Speculative Risk 
Chance of Loss or Gain (Gamble) 
 
 
Insurance (covers which type of risk?) 
Pure Risk Only 
 
 
How does the law of large num...
Texas Fx-Property and Casualty Exam 2024 Questions with 100% Correct Answers 
To be considered an insurable risk, a loss may NOT be 
catastrophic 
 
 
Which of the following persons would be required to hold a producer license? 
a nonresident agent who negotiates insurance contracts 
 
 
Which of the following is the oldest known type of insurance? 
ocean marine 
 
 
The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? 
the diff...
- Exam (elaborations)
- • 7 pages's •
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Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas Fx-Property and Casualty Exam 2024 Questions with 100% Correct Answers 
To be considered an insurable risk, a loss may NOT be 
catastrophic 
 
 
Which of the following persons would be required to hold a producer license? 
a nonresident agent who negotiates insurance contracts 
 
 
Which of the following is the oldest known type of insurance? 
ocean marine 
 
 
The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? 
the diff...
Texas Insurance License Exam Prep P&C Questions with 100% Correct Answers 
What are 3 subjects an auto policy covers? 
1. Body 
2. The vehicle 
3. Assets 
 
 
Bodily Injury Types 
Personal Injury 
Med Pay 
Uninsured Motorist 
 
 
No Fault Insurance 
State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida 
 
 
Finan...
- Exam (elaborations)
- • 25 pages's •
-
Texas Property and Casualty Insurance•Texas Property and Casualty Insurance
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Texas Insurance License Exam Prep P&C Questions with 100% Correct Answers 
What are 3 subjects an auto policy covers? 
1. Body 
2. The vehicle 
3. Assets 
 
 
Bodily Injury Types 
Personal Injury 
Med Pay 
Uninsured Motorist 
 
 
No Fault Insurance 
State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida 
 
 
Finan...