Updated Texas Property and Casualty
Insurance Exam – 400+ Questions &
Certified Answers | Already Graded A+
(Ultimate Guide for YR. 2026/2027)
Key Topics Covered in this Exam
➢ General Insurance Concepts: Risk, peril, hazard, indemnity,
insurable interest, underwriting, claims.
➢ Property Insurance: Types of property, covered perils, policy
conditions, valuations.
➢ Casualty Insurance: Liability, negligence, torts, defenses,
workers' compensation.
➢ Policy Structure: The four parts of a policy (Declarations,
Insuring Agreement, Conditions, Exclusions) and where to find
information.
➢ Texas Laws & Regulations: Specific state rules for property and
casualty agents.
NB Actual test Total Questions are 145-150 (with 130 scored).
This Practice Exam have over 400 Quizzes & Verified Answers for
Best Outcome & Success (multi choice Mcqs with 1 Best
Answers)
, Quiz_________________?
A condition or situation that presents a possibility of loss is a (an):
Answer☑️
exposure
Quiz_________________?
The purpose of insurance is to: -
Answer☑️
transfer risk
Quiz_________________?
Which hazard can be described as a careless attitude or general
indifference on the part of the insured toward the occurrence of
loss? -
Answer☑️
morale
Quiz_________________?
Which risk is insurable? -
Answer☑️
pure
Quiz_________________?
With regard to insurance, risk can be defined as: -
Answer☑️
uncertainty regarding loss
Quiz_________________?
,Treating risk by purchasing insurance is an example of what type
of risk management? -
Answer☑️
transfer
Quiz_________________?
Robert and Carolyn live in a busy city and decide that not owning
a car is the solution to not experience having a car stolen. What
method describes this philosophy? -
Answer☑️
avoidance
Quiz_________________?
Dishonesty on the part of an insured is an example of what? -
Answer☑️
a moral hazard
Quiz_________________?
What is an example of reduction as a method of handling risk? -
Answer☑️
Installing a burglar alarm
Quiz_________________?
Driving too fast and not wearing a seat belt are examples of? -
Answer☑️
morale hazard
Quiz_________________?
The risk that involves the chance of both loss and gain is? -
, Answer☑️
speculative risk
Quiz_________________?
Self-insurance is an example of what kind of risk treatment? -
Answer☑️
Retention
Quiz_________________?
If John's father transfers ownership of a house to John, can John
buy insurance? -
Answer☑️
Yes because he has an insurable interest.
Quiz_________________?
Fire would be an example of a what? -
Answer☑️
peril
Quiz_________________?
What is the actual cause of a loss? -
Answer☑️
peril
Quiz_________________?
What kind of risk is the stock market? -
Answer☑️
speculative risk
Insurance Exam – 400+ Questions &
Certified Answers | Already Graded A+
(Ultimate Guide for YR. 2026/2027)
Key Topics Covered in this Exam
➢ General Insurance Concepts: Risk, peril, hazard, indemnity,
insurable interest, underwriting, claims.
➢ Property Insurance: Types of property, covered perils, policy
conditions, valuations.
➢ Casualty Insurance: Liability, negligence, torts, defenses,
workers' compensation.
➢ Policy Structure: The four parts of a policy (Declarations,
Insuring Agreement, Conditions, Exclusions) and where to find
information.
➢ Texas Laws & Regulations: Specific state rules for property and
casualty agents.
NB Actual test Total Questions are 145-150 (with 130 scored).
This Practice Exam have over 400 Quizzes & Verified Answers for
Best Outcome & Success (multi choice Mcqs with 1 Best
Answers)
, Quiz_________________?
A condition or situation that presents a possibility of loss is a (an):
Answer☑️
exposure
Quiz_________________?
The purpose of insurance is to: -
Answer☑️
transfer risk
Quiz_________________?
Which hazard can be described as a careless attitude or general
indifference on the part of the insured toward the occurrence of
loss? -
Answer☑️
morale
Quiz_________________?
Which risk is insurable? -
Answer☑️
pure
Quiz_________________?
With regard to insurance, risk can be defined as: -
Answer☑️
uncertainty regarding loss
Quiz_________________?
,Treating risk by purchasing insurance is an example of what type
of risk management? -
Answer☑️
transfer
Quiz_________________?
Robert and Carolyn live in a busy city and decide that not owning
a car is the solution to not experience having a car stolen. What
method describes this philosophy? -
Answer☑️
avoidance
Quiz_________________?
Dishonesty on the part of an insured is an example of what? -
Answer☑️
a moral hazard
Quiz_________________?
What is an example of reduction as a method of handling risk? -
Answer☑️
Installing a burglar alarm
Quiz_________________?
Driving too fast and not wearing a seat belt are examples of? -
Answer☑️
morale hazard
Quiz_________________?
The risk that involves the chance of both loss and gain is? -
, Answer☑️
speculative risk
Quiz_________________?
Self-insurance is an example of what kind of risk treatment? -
Answer☑️
Retention
Quiz_________________?
If John's father transfers ownership of a house to John, can John
buy insurance? -
Answer☑️
Yes because he has an insurable interest.
Quiz_________________?
Fire would be an example of a what? -
Answer☑️
peril
Quiz_________________?
What is the actual cause of a loss? -
Answer☑️
peril
Quiz_________________?
What kind of risk is the stock market? -
Answer☑️
speculative risk
