WV P&C Insurance Exam Study with all Correct & 100%
Verified Answers|2025/2026 Latest Update| Already
Graded A+
The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy.
Which of the following symbols must be indicated on the declarations page of the policy for physical
damage coverage to apply? ✔Correct Answers--Symbol 31
What is the West Virginia individual agent/producer license fee? ✔Correct Answers--$50
Under a commercial property policy, all of the following types of outdoor property are covered under
the additional coverage for collapse if they are damaged directly by the collapsed building, except
A. A satellite dish.
B. Awnings, gutters and downspouts.
C. A septic system for the insured commercial building.
D. A fence around the building. ✔Correct Answers--C. A septic system for the insured commercial
building.
Which of the following is not a mobile equipment under the business auto policy?
A. A self propelled vehicle was permanently attached street cleaning appointment.
B. A caterpillar tractor.
C. A forklift.
D. And electric powered cart used solely for transportation within a large warehouse. ✔Correct
Answers--A. A self propelled vehicle with permanently attached street cleaning equipment.
Gavin, the named insured under a personal auto policy, his daughter Tabatha, and two of her friends
are riding in the covered auto when Gavin accidentally runs a stop sign, striking another vehicle.
Everyone in Gavin's vehicle was injured as well as the driver and two passengers in the other car.
How long do Tabatha's friends have to submit their medical expense claims for coverage under part B
of Gavin standardized personal auto policy?
A. Within six months of the date of the accident.
B. Within two years of the date of the accident.
C. Within three years of the date of the accident.
D. Within 18 months of the date of the accident. ✔Correct Answers--C. Within three years of the
date of the accident.
What type of bond is required when a person dies without leaving a will?
A. Surety bond
B. Fidelity bond
C. Administrators bond
D. A state bond. ✔Correct Answers--C. Administrators bond.
Which of the following would be considered vacant on in an endorsed commercial property policy?
A. A building which is 25% vacant.
B. A leased building in which less than 31% of the building is occupied
,C. A retail store located in a shopping mall which closed and has been completely vacant for 45 days.
D. A building his utilities were turned off 31 days ago. ✔Correct Answers--B. A leased building and
watch less than 31% of the building is occupied.
In order for a claim to be a products claim, which of the following must be satisfied?
A. Injury sustained must have occurred on the insurance premises.
B. The insured in most cases must have relinquished possession of the product to be the purchaser.
C. A single limit of liability must be provided.
D. And employee injury must have occurred. ✔Correct Answers--B. The insured in most cases must
have relinquished possession of the product to be the purchaser.
The chief deputy of the county auditors steals $2.5 million from the county and gambles it away.
What bond if any would The county need to have in place in order to try and recoup this loss?
A. Employee dishonesty.
B. Blanket public official bond.
C. Fiduciary bond.
D. Extortion commercial entities. ✔Correct Answers--B. A blanket public official bond.
A business covered by a standard business owners policy is shut down due to the acts of a civil
authority. Which of the following additional coverages would not be subject to a waiting period
before coverage would apply?
A. Business income.
B. Extra expense
C. Extended business income
D. Business income from dependent properties. ✔Correct Answers--B. Extra expense.
The doctrine that states an insurance policy should provide the coverage that is a sensible and
prudent person would expect is
A. The reasonable expectation doctrine.
B. The applied principles doctrine C. The ambiguous language doctrine
D. The limited liability doctrine ✔Correct Answers--A. The reasonable expectation doctrine.
All of the following would be covered under a builders risk policy, except
A. Prospective buyer.
B. Contractor
C. Owner
D. Subcontractor ✔Correct Answers--a prospective buyer
Under a mobile home owners package policy, how is the mobile home itself covered in case of a total
loss?
A. On a purchase price basis
B. On an actual cash value basis
C. On a replacement cost basis
D. On a stated amount basis. ✔Correct Answers--C. I don't replacement cost basis
A guest on vacation deposit cash and travelers checks in the hotel safe deposit box located behind
the front desk. When they guessed a tamps to retrieve them, the box is empty. What coverage is
required to cover this loss for the hotel?
, A. Funds transfer fraud
B. Save depository
C. Guests property
D. Kidnap ransom extortion. ✔Correct Answers--C. Guests property.
Which of the following is generally not considered to be a legal defense against claims of negligence?
A. The relevant statute of limitations for filing a lawsuit has expired
B. The loss of the plaintiff was caused intentionally by the defense C. A state law give specific
community from the liability to the defend it
D. And intervening causes was the proximate cause of the plaintiffs injury rather than the defendants
action or in action. ✔Correct Answers--B. The loss of the plaintiff was caused intentionally by the
defense.
A homeowner moves into her new house built by a contractor. Shortly after moving in, the roof leaks
and damage is the contents inside the home. What coverage with a contractor Carey that could
respond to cover some of this claim?
A. Completed operations coverage B. Operations coverage
C. Contractual coverage
D. Personal injury coverage. ✔Correct Answers--A. Completed operations coverage
Under the discovery clause and a loss of stained bond, which of the following is covered?
A a loss discovered up to one year after the policy expired but that occurred during the policy. Period
B. A loss that is discovered after the policy has expired
C. A loss that occurred prior to the inception date of the policy
D. A loss that occurred during the policy. But was not discovered until five years after the expiration
date. ✔Correct Answers--A. I lost discovered up to one year after the policy expired but that
occurred during the policy period.
Trevor purchases a condemned house and I want down neighborhood that is scheduled for
demolition by the city. He paid $10,000 for the house and wants to protect his financial investment
by purchasing insurance. Which of the following statements is true?
A. The property is not insurable because it is not definable.
B. The property is not insurable because the loss is expected.
C. The property is not Insurable because It does not have a quantifiable value
D. The property is not in trouble because the loss would not be substantial. ✔Correct Answers--B.
The property is not insurable because the loss is expected
The builders risk coverage form includes an additional coverage that provides a limited amount of
coverage from lawns, trees, shrubs, or plants that one located outside of the buildings. This woman
is
A. $1000 for $250 for any one tree, shrubs, or place.
B. $5000 but $250 for any one tree, shrubs, or plante.
C. $2000 but $500 for any one tree, shrub, or plant.
D. $1000 but $500 for any one tree, shrubs, or plant. ✔Correct Answers--A. $1000 like $250 for any
one tree, Shrub, or Plant
Verified Answers|2025/2026 Latest Update| Already
Graded A+
The insured auto dealer has opted to include part IV - garage physical damage coverage to her policy.
Which of the following symbols must be indicated on the declarations page of the policy for physical
damage coverage to apply? ✔Correct Answers--Symbol 31
What is the West Virginia individual agent/producer license fee? ✔Correct Answers--$50
Under a commercial property policy, all of the following types of outdoor property are covered under
the additional coverage for collapse if they are damaged directly by the collapsed building, except
A. A satellite dish.
B. Awnings, gutters and downspouts.
C. A septic system for the insured commercial building.
D. A fence around the building. ✔Correct Answers--C. A septic system for the insured commercial
building.
Which of the following is not a mobile equipment under the business auto policy?
A. A self propelled vehicle was permanently attached street cleaning appointment.
B. A caterpillar tractor.
C. A forklift.
D. And electric powered cart used solely for transportation within a large warehouse. ✔Correct
Answers--A. A self propelled vehicle with permanently attached street cleaning equipment.
Gavin, the named insured under a personal auto policy, his daughter Tabatha, and two of her friends
are riding in the covered auto when Gavin accidentally runs a stop sign, striking another vehicle.
Everyone in Gavin's vehicle was injured as well as the driver and two passengers in the other car.
How long do Tabatha's friends have to submit their medical expense claims for coverage under part B
of Gavin standardized personal auto policy?
A. Within six months of the date of the accident.
B. Within two years of the date of the accident.
C. Within three years of the date of the accident.
D. Within 18 months of the date of the accident. ✔Correct Answers--C. Within three years of the
date of the accident.
What type of bond is required when a person dies without leaving a will?
A. Surety bond
B. Fidelity bond
C. Administrators bond
D. A state bond. ✔Correct Answers--C. Administrators bond.
Which of the following would be considered vacant on in an endorsed commercial property policy?
A. A building which is 25% vacant.
B. A leased building in which less than 31% of the building is occupied
,C. A retail store located in a shopping mall which closed and has been completely vacant for 45 days.
D. A building his utilities were turned off 31 days ago. ✔Correct Answers--B. A leased building and
watch less than 31% of the building is occupied.
In order for a claim to be a products claim, which of the following must be satisfied?
A. Injury sustained must have occurred on the insurance premises.
B. The insured in most cases must have relinquished possession of the product to be the purchaser.
C. A single limit of liability must be provided.
D. And employee injury must have occurred. ✔Correct Answers--B. The insured in most cases must
have relinquished possession of the product to be the purchaser.
The chief deputy of the county auditors steals $2.5 million from the county and gambles it away.
What bond if any would The county need to have in place in order to try and recoup this loss?
A. Employee dishonesty.
B. Blanket public official bond.
C. Fiduciary bond.
D. Extortion commercial entities. ✔Correct Answers--B. A blanket public official bond.
A business covered by a standard business owners policy is shut down due to the acts of a civil
authority. Which of the following additional coverages would not be subject to a waiting period
before coverage would apply?
A. Business income.
B. Extra expense
C. Extended business income
D. Business income from dependent properties. ✔Correct Answers--B. Extra expense.
The doctrine that states an insurance policy should provide the coverage that is a sensible and
prudent person would expect is
A. The reasonable expectation doctrine.
B. The applied principles doctrine C. The ambiguous language doctrine
D. The limited liability doctrine ✔Correct Answers--A. The reasonable expectation doctrine.
All of the following would be covered under a builders risk policy, except
A. Prospective buyer.
B. Contractor
C. Owner
D. Subcontractor ✔Correct Answers--a prospective buyer
Under a mobile home owners package policy, how is the mobile home itself covered in case of a total
loss?
A. On a purchase price basis
B. On an actual cash value basis
C. On a replacement cost basis
D. On a stated amount basis. ✔Correct Answers--C. I don't replacement cost basis
A guest on vacation deposit cash and travelers checks in the hotel safe deposit box located behind
the front desk. When they guessed a tamps to retrieve them, the box is empty. What coverage is
required to cover this loss for the hotel?
, A. Funds transfer fraud
B. Save depository
C. Guests property
D. Kidnap ransom extortion. ✔Correct Answers--C. Guests property.
Which of the following is generally not considered to be a legal defense against claims of negligence?
A. The relevant statute of limitations for filing a lawsuit has expired
B. The loss of the plaintiff was caused intentionally by the defense C. A state law give specific
community from the liability to the defend it
D. And intervening causes was the proximate cause of the plaintiffs injury rather than the defendants
action or in action. ✔Correct Answers--B. The loss of the plaintiff was caused intentionally by the
defense.
A homeowner moves into her new house built by a contractor. Shortly after moving in, the roof leaks
and damage is the contents inside the home. What coverage with a contractor Carey that could
respond to cover some of this claim?
A. Completed operations coverage B. Operations coverage
C. Contractual coverage
D. Personal injury coverage. ✔Correct Answers--A. Completed operations coverage
Under the discovery clause and a loss of stained bond, which of the following is covered?
A a loss discovered up to one year after the policy expired but that occurred during the policy. Period
B. A loss that is discovered after the policy has expired
C. A loss that occurred prior to the inception date of the policy
D. A loss that occurred during the policy. But was not discovered until five years after the expiration
date. ✔Correct Answers--A. I lost discovered up to one year after the policy expired but that
occurred during the policy period.
Trevor purchases a condemned house and I want down neighborhood that is scheduled for
demolition by the city. He paid $10,000 for the house and wants to protect his financial investment
by purchasing insurance. Which of the following statements is true?
A. The property is not insurable because it is not definable.
B. The property is not insurable because the loss is expected.
C. The property is not Insurable because It does not have a quantifiable value
D. The property is not in trouble because the loss would not be substantial. ✔Correct Answers--B.
The property is not insurable because the loss is expected
The builders risk coverage form includes an additional coverage that provides a limited amount of
coverage from lawns, trees, shrubs, or plants that one located outside of the buildings. This woman
is
A. $1000 for $250 for any one tree, shrubs, or place.
B. $5000 but $250 for any one tree, shrubs, or plante.
C. $2000 but $500 for any one tree, shrub, or plant.
D. $1000 but $500 for any one tree, shrubs, or plant. ✔Correct Answers--A. $1000 like $250 for any
one tree, Shrub, or Plant
