GA Property & Casualty EXAM
QUESTIONS & ANSWERS SOLUTION
2026 COMPLETE EXAM | 100%
CORRECT
Insurance policy covers what type of losses - CORRECT ANSWERS Direct and Indirect
In order to have an indirect loss, you must have - CORRECT ANSWERS a direct loss
What does property insurance cover? - CORRECT ANSWERS structures and contents
Direct loss - CORRECT ANSWERS physical destruction of property by lightening, wind, fire,
theft, etc
Indirect loss - CORRECT ANSWERS consequences of direct losses - e.g. loss of income,
additional expenses to live, loss of rental income, etc.
What is the purpose of personal lines insurance? - CORRECT ANSWERS Coverage for personal
activities of the insured for losses that might take place
What is the purpose of commercial insurance? - CORRECT ANSWERS policies that cover NON
personal activities of the insured where losses might take place
Who transfers risk in insurance? - CORRECT ANSWERS Insurance involves transfer of YOUR
risk to other people for your losses to be covered
QUESTIONS & ANSWERS SOLUTION
2026 COMPLETE EXAM | 100%
CORRECT
Insurance policy covers what type of losses - CORRECT ANSWERS Direct and Indirect
In order to have an indirect loss, you must have - CORRECT ANSWERS a direct loss
What does property insurance cover? - CORRECT ANSWERS structures and contents
Direct loss - CORRECT ANSWERS physical destruction of property by lightening, wind, fire,
theft, etc
Indirect loss - CORRECT ANSWERS consequences of direct losses - e.g. loss of income,
additional expenses to live, loss of rental income, etc.
What is the purpose of personal lines insurance? - CORRECT ANSWERS Coverage for personal
activities of the insured for losses that might take place
What is the purpose of commercial insurance? - CORRECT ANSWERS policies that cover NON
personal activities of the insured where losses might take place
Who transfers risk in insurance? - CORRECT ANSWERS Insurance involves transfer of YOUR
risk to other people for your losses to be covered
