Personal Lines Property & Casualty Test b b b b b
With All Answers Updated b b b b
Risk - correct answer-Chance or Uncertainty of a Loss
n
b b n bn b n b n n
b b n b n n
b
Peril - correct answer-Possible cause of a loss
b n b n bn b n n
b n
b n
b n
b
2 Years - correct answer-The Commissioner of insurance is appointed by the
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b b n
governor for a term of ______ ending on February 1 of each odd-numbered year?
n
b b n n
b b n b n n
b b n b n n
b b n n
b b n n
b n
b
5 Years - correct answer-The Commissioner of insurance MUST have ________ of
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b n
b
experience in business or government.
n
b n
b n
b n
b b n
$50,000 - correct answer-The Commissioner of insurance must provide a
n
b n bn
b n
b n
b n
b n
b n
b b n b n
__________ surety bond. (A surety bond guarantees performance)
n
b n
b n
b n
b n
b n
b n
b n
b
$500,000 - correct answer-The Commissioner of insurance requires state fees in
b n n bn
b n
b n
b n
b b n n
b n
b n
b n
b
excess of _____________ to be submitted by electronic transfer.
n
b b n n
b n
b b n n
b n
b n
b n
b
15 Days - correct answer-The Commissioner of insurance requires that persons
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b
must respond to commissioner inquires within_______ ?
n
b n
b n
b n
b b n n
b b n
20 Days - correct answer-Response from alleged violator must be within ______ of
n
b n
b n bn
b n
b n
b n
b b n n
b n
b n
b n
b b n
receipt?
n
b
14 Days - correct answer-Department must send notice of violation within _____ of
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b b n n
b
finding?
n
b
$25,000 - correct answer-Maximum penalty for insurance code violations?
n
b n bn
b n
b n
b b n n
b n
b b n
18 Years Old - correct answer-Minimum age for a license?
n
b b n b n n bn
b n
b b n b n n
b b n
5 years - correct answer-The waiting period to reapply if license is denied or
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b b n n
b b n n
b
revoked?
n
b
90 Days - correct answer-An Emergency License is valid for up to ___?
n
b n
b n bn
b n
b n
b b n b n n
b n
b n
b n
b b n
90 Days - correct answer-An Emergency license may be renewed an additional
n
b n
b n bn
b n
b n
b b n n
b n
b b n n
b n
b
____?
n
b
,90 Days - correct answer-A temporary license is valid for up to ___?
b n n
b b n bn n
b n
b n
b b n b n b n n
b n
b n
b
2 years - correct answer-Business entity agent licenses are renewed every ______
n
b n
b n bn
b b n n
b n
b n
b b n n
b n
b n
b
after the license is issued?
n
b n
b b n b n b n
1 Year - correct answer-If the license is expired for more than _______ all
n
b n
b b n bn n
b n
b n
b n
b b n n
b b n n
b n
b n
b
requirements for a new license (including the exam) must be met?
n
b n
b n
b b n b n n
b n
b n
b b n b n n
b
90 Days - correct answer-If a license has been expires for _________ or less, it
b n n
b b n bn n
b b n n
b n
b b n n
b b n b n b n n
b n
b
may be renewed by paying the renewal fee plus a 50% penalty.
n
b n
b n
b b n b n n
b b n n
b b n n
b n
b n
b
90 Days - correct answer-A license expired more than ______ but less than one
b n n
b b n bn n
b n
b n
b n
b n
b n
b n
b n
b n
b n
b
year cannot be renewed; a new license maybe issued with no exam upon payment
n
b b n b n b n n
b b n n
b b n b n n
b b n b n b n n
b
of license fee & penalty fee?
n
b n
b bn n
b b n n
b
Monthly Basis - correct answer-Change in address, felony convictions, or
n
b b n n bn
b b n b n n
b b n n
b n
b
administrative actions must be reported to the commissioner on a __________?
n
b n
b n
b b n n
b b n b n n
b b n n
b b n
24 Hours - correct answer-Total continuing education requirements?
b n n
b bn bn n
b b n n
b b n
2 Hours - correct answer-Ethics & consumer protection continuing education
n
b b n b n bn n
b b n n
b n
b n
b b n
requirement?
n
b
3 hours - correct answer-Flood insurance requires _____ certification course?
n
b b n b n bn n
b b n n
b b n b n b n
4 years - correct answer-Continuing education records must be kept for _____?
n
b n
b n bn
b b n b n b n n
b b n n
b n
b n
b
25% - correct answer-At least ____ of annual premiums must be derived from
n
b n bn
b b n n
b n
b n
b n
b n
b b n n
b n
b b n
persons other than the applicant, applicants family, & applicants business
n
b n
b n
b b n b n n
b n
b n
b n
b n
b
associates.
n
b
60 Days - correct answer-Approval of Rate & forms must be filed _____ before
b n n
b b n bn n
b n
b n
b b n b n b n b n b n n
b n
b
use?
n
b
30 Days - correct answer-Binders must be replaced by the insurance policy within
b n n
b b n bn n
b b n n
b n
b n
b n
b n
b b n n
b
____?
n
b
$15 million - correct answer-Surplus lines insurer's capital & surplus must be at
n
b b n n bn
b b n b n b n b n b n n
b n
b b n n
b
least ______?
n
b n
b
30 Days - correct answer-Suspected fraudulent acts must be reported to the
b n n
b b n bn n
b b n n
b n
b n
b n
b n
b n
b
commissioner or law enforcement within _____?
n
b n
b b n n
b b n b n
10 Days - correct answer-______ in advance for Homeowners Insurance
b n n
b b n bn n
b n
b n
b n
b n
b n
b
cancellation?
n
b
6 months - correct answer-Texas FAIR (Fair Access to Insurance requirements)
n
b b n b n bn b n b n n
b n
b b n n
b n
b
provides residential property insurance when coverage is unavailable in other
n
b b n b n n
b n
b b n b n b n n
b b n
markets or when there has been no insurance on the property in the past ______?
n
b n
b b n b n n
b n
b n
b n
b n
b n
b b n n
b n
b b n b n
, 30 Days - correct answer-_________ in advance for a Nonrenewal?
n
b n
b n bn
b n
b b n n
b n
b b n b n
$60,000 - correct answer-Bodily injury or death of 2 or more people _____?
n
b bn bn n
b b n n
b b n n
b n
b n
b b n n
b n
b
$25,000 - correct answer-Property damage per accident?
n
b bn bn n
b b n b n b n
30/60/25 - correct answer-Minimum liability in Texas ($30,000 per person for bodily
n
b n bn
b n
b b n b n b n b n n
b n
b b n n
b
injury, $60,000 per accident for bodily injury, $25,000 for property damage of
n
b n
b n
b n
b b n n
b b n b n b n n
b n
b n
b
others)
n
b
$30,000 - correct answer-Bodily injury or death of any 1 person?
n
b bn bn n
b b n n
b b n n
b n
b b n b n
$2,500 - correct answer-Minimum PIP limits?
n
b n bn
b n
b n
b b n
30 days - correct answer-Claims must be paid within ____ after proof of claim?
n
b b n b n bn b n n
b b n n
b n
b b n n
b b n n
b n
b
3 years - correct answer-Covers expenses incurred within _______ of accident?
n
b n
b b n bn b n n
b n
b b n n
b n
b n
b
90 days - correct answer-Commercial auto policy may be cancelled for ANY
n
b b n b n bn b n b n b n n
b n
b n
b b n b n
reason within the first _______ of the policy?
n
b b n n
b b n b n n
b n
b b n
60 Days - correct answer-______- in advance for a nonrenewal commercial auto
n
b n
b n bn
b n
b n
b b n b n b n n
b n
b n
b
insurance policy?
n
b b n
10 days - correct answer-_____- in advance to cancel a commercial auto
n
b b n b n bn b n b n n
b n
b b n n
b n
b n
b
insurance policy?
n
b b n
10 Days - correct answer-_______ in advance for a personal auto cancellation
n
b n
b n bn
b n
b n
b n
b b n b n b n n
b n
b
60 Days - correct answer-Policy may be canceled for any reason within the first
n
b n
b n bn
b n
b b n n
b n
b n
b b n n
b n
b n
b n
b
______ of a personal auto policy?
n
b n
b n
b n
b n
b b n
30 Days - correct answer-_______ in advance for a nonrenewal or cancellation on
n
b n
b n bn
b n
b n
b n
b b n b n b n n
b n
b n
b
a 12-month anniversary date.
n
b n
b n
b n
b
8th Day - correct answer-Disability Benefit payments do not begin until the
bn n
b bn bn n
b n
b n
b n
b n
b n
b b n n
b
_______?
n
b
2 - correct answer-TAIPA (Texas Auto Insurance Plan Association) to qualify,
n
b b n bn n
b n
b n
b n
b n
b n
b n
b b n
applicants must first be rejected by at least ____ insurers?
n
b b n n
b n
b n
b n
b b n n
b n
b n
b
5 Days - correct answer-An employee may waive being covered by workers
n
b b n b n bn n
b n
b n
b n
b n
b n
b b n b n
compensation (retain the right to sue the employer for injuries) if notice is given
n
b n
b n
b n
b n
b b n b n n
b n
b n
b n
b n
b n
b n
b
within ________ of being hired?
n
b n
b n
b n
b n
b
2 weeks - correct answer-If disability lasts for __________ or longer, compensation
n
b n
b n bn
b n
b n
b n
b b n n
b b n b n n
b
for wages is from the date disability began?
n
b b n n
b b n b n b n n
b n
b
$10,000 - correct answer-Burial costs are covered up to ________?
n
b bn bn n
b n
b n
b b n n
b n
b b n
With All Answers Updated b b b b
Risk - correct answer-Chance or Uncertainty of a Loss
n
b b n bn b n b n n
b b n b n n
b
Peril - correct answer-Possible cause of a loss
b n b n bn b n n
b n
b n
b n
b
2 Years - correct answer-The Commissioner of insurance is appointed by the
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b b n
governor for a term of ______ ending on February 1 of each odd-numbered year?
n
b b n n
b b n b n n
b b n b n n
b b n n
b b n n
b n
b
5 Years - correct answer-The Commissioner of insurance MUST have ________ of
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b n
b
experience in business or government.
n
b n
b n
b n
b b n
$50,000 - correct answer-The Commissioner of insurance must provide a
n
b n bn
b n
b n
b n
b n
b n
b b n b n
__________ surety bond. (A surety bond guarantees performance)
n
b n
b n
b n
b n
b n
b n
b n
b
$500,000 - correct answer-The Commissioner of insurance requires state fees in
b n n bn
b n
b n
b n
b b n n
b n
b n
b n
b
excess of _____________ to be submitted by electronic transfer.
n
b b n n
b n
b b n n
b n
b n
b n
b
15 Days - correct answer-The Commissioner of insurance requires that persons
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b
must respond to commissioner inquires within_______ ?
n
b n
b n
b n
b b n n
b b n
20 Days - correct answer-Response from alleged violator must be within ______ of
n
b n
b n bn
b n
b n
b n
b b n n
b n
b n
b n
b b n
receipt?
n
b
14 Days - correct answer-Department must send notice of violation within _____ of
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b n
b b n n
b
finding?
n
b
$25,000 - correct answer-Maximum penalty for insurance code violations?
n
b n bn
b n
b n
b b n n
b n
b b n
18 Years Old - correct answer-Minimum age for a license?
n
b b n b n n bn
b n
b b n b n n
b b n
5 years - correct answer-The waiting period to reapply if license is denied or
n
b n
b n bn
b n
b n
b n
b n
b n
b n
b b n n
b b n n
b
revoked?
n
b
90 Days - correct answer-An Emergency License is valid for up to ___?
n
b n
b n bn
b n
b n
b b n b n n
b n
b n
b n
b b n
90 Days - correct answer-An Emergency license may be renewed an additional
n
b n
b n bn
b n
b n
b b n n
b n
b b n n
b n
b
____?
n
b
,90 Days - correct answer-A temporary license is valid for up to ___?
b n n
b b n bn n
b n
b n
b b n b n b n n
b n
b n
b
2 years - correct answer-Business entity agent licenses are renewed every ______
n
b n
b n bn
b b n n
b n
b n
b b n n
b n
b n
b
after the license is issued?
n
b n
b b n b n b n
1 Year - correct answer-If the license is expired for more than _______ all
n
b n
b b n bn n
b n
b n
b n
b b n n
b b n n
b n
b n
b
requirements for a new license (including the exam) must be met?
n
b n
b n
b b n b n n
b n
b n
b b n b n n
b
90 Days - correct answer-If a license has been expires for _________ or less, it
b n n
b b n bn n
b b n n
b n
b b n n
b b n b n b n n
b n
b
may be renewed by paying the renewal fee plus a 50% penalty.
n
b n
b n
b b n b n n
b b n n
b b n n
b n
b n
b
90 Days - correct answer-A license expired more than ______ but less than one
b n n
b b n bn n
b n
b n
b n
b n
b n
b n
b n
b n
b n
b
year cannot be renewed; a new license maybe issued with no exam upon payment
n
b b n b n b n n
b b n n
b b n b n n
b b n b n b n n
b
of license fee & penalty fee?
n
b n
b bn n
b b n n
b
Monthly Basis - correct answer-Change in address, felony convictions, or
n
b b n n bn
b b n b n n
b b n n
b n
b
administrative actions must be reported to the commissioner on a __________?
n
b n
b n
b b n n
b b n b n n
b b n n
b b n
24 Hours - correct answer-Total continuing education requirements?
b n n
b bn bn n
b b n n
b b n
2 Hours - correct answer-Ethics & consumer protection continuing education
n
b b n b n bn n
b b n n
b n
b n
b b n
requirement?
n
b
3 hours - correct answer-Flood insurance requires _____ certification course?
n
b b n b n bn n
b b n n
b b n b n b n
4 years - correct answer-Continuing education records must be kept for _____?
n
b n
b n bn
b b n b n b n n
b b n n
b n
b n
b
25% - correct answer-At least ____ of annual premiums must be derived from
n
b n bn
b b n n
b n
b n
b n
b n
b b n n
b n
b b n
persons other than the applicant, applicants family, & applicants business
n
b n
b n
b b n b n n
b n
b n
b n
b n
b
associates.
n
b
60 Days - correct answer-Approval of Rate & forms must be filed _____ before
b n n
b b n bn n
b n
b n
b b n b n b n b n b n n
b n
b
use?
n
b
30 Days - correct answer-Binders must be replaced by the insurance policy within
b n n
b b n bn n
b b n n
b n
b n
b n
b n
b b n n
b
____?
n
b
$15 million - correct answer-Surplus lines insurer's capital & surplus must be at
n
b b n n bn
b b n b n b n b n b n n
b n
b b n n
b
least ______?
n
b n
b
30 Days - correct answer-Suspected fraudulent acts must be reported to the
b n n
b b n bn n
b b n n
b n
b n
b n
b n
b n
b
commissioner or law enforcement within _____?
n
b n
b b n n
b b n b n
10 Days - correct answer-______ in advance for Homeowners Insurance
b n n
b b n bn n
b n
b n
b n
b n
b n
b
cancellation?
n
b
6 months - correct answer-Texas FAIR (Fair Access to Insurance requirements)
n
b b n b n bn b n b n n
b n
b b n n
b n
b
provides residential property insurance when coverage is unavailable in other
n
b b n b n n
b n
b b n b n b n n
b b n
markets or when there has been no insurance on the property in the past ______?
n
b n
b b n b n n
b n
b n
b n
b n
b n
b b n n
b n
b b n b n
, 30 Days - correct answer-_________ in advance for a Nonrenewal?
n
b n
b n bn
b n
b b n n
b n
b b n b n
$60,000 - correct answer-Bodily injury or death of 2 or more people _____?
n
b bn bn n
b b n n
b b n n
b n
b n
b b n n
b n
b
$25,000 - correct answer-Property damage per accident?
n
b bn bn n
b b n b n b n
30/60/25 - correct answer-Minimum liability in Texas ($30,000 per person for bodily
n
b n bn
b n
b b n b n b n b n n
b n
b b n n
b
injury, $60,000 per accident for bodily injury, $25,000 for property damage of
n
b n
b n
b n
b b n n
b b n b n b n n
b n
b n
b
others)
n
b
$30,000 - correct answer-Bodily injury or death of any 1 person?
n
b bn bn n
b b n n
b b n n
b n
b b n b n
$2,500 - correct answer-Minimum PIP limits?
n
b n bn
b n
b n
b b n
30 days - correct answer-Claims must be paid within ____ after proof of claim?
n
b b n b n bn b n n
b b n n
b n
b b n n
b b n n
b n
b
3 years - correct answer-Covers expenses incurred within _______ of accident?
n
b n
b b n bn b n n
b n
b b n n
b n
b n
b
90 days - correct answer-Commercial auto policy may be cancelled for ANY
n
b b n b n bn b n b n b n n
b n
b n
b b n b n
reason within the first _______ of the policy?
n
b b n n
b b n b n n
b n
b b n
60 Days - correct answer-______- in advance for a nonrenewal commercial auto
n
b n
b n bn
b n
b n
b b n b n b n n
b n
b n
b
insurance policy?
n
b b n
10 days - correct answer-_____- in advance to cancel a commercial auto
n
b b n b n bn b n b n n
b n
b b n n
b n
b n
b
insurance policy?
n
b b n
10 Days - correct answer-_______ in advance for a personal auto cancellation
n
b n
b n bn
b n
b n
b n
b b n b n b n n
b n
b
60 Days - correct answer-Policy may be canceled for any reason within the first
n
b n
b n bn
b n
b b n n
b n
b n
b b n n
b n
b n
b n
b
______ of a personal auto policy?
n
b n
b n
b n
b n
b b n
30 Days - correct answer-_______ in advance for a nonrenewal or cancellation on
n
b n
b n bn
b n
b n
b n
b b n b n b n n
b n
b n
b
a 12-month anniversary date.
n
b n
b n
b n
b
8th Day - correct answer-Disability Benefit payments do not begin until the
bn n
b bn bn n
b n
b n
b n
b n
b n
b b n n
b
_______?
n
b
2 - correct answer-TAIPA (Texas Auto Insurance Plan Association) to qualify,
n
b b n bn n
b n
b n
b n
b n
b n
b n
b b n
applicants must first be rejected by at least ____ insurers?
n
b b n n
b n
b n
b n
b b n n
b n
b n
b
5 Days - correct answer-An employee may waive being covered by workers
n
b b n b n bn n
b n
b n
b n
b n
b n
b b n b n
compensation (retain the right to sue the employer for injuries) if notice is given
n
b n
b n
b n
b n
b b n b n n
b n
b n
b n
b n
b n
b n
b
within ________ of being hired?
n
b n
b n
b n
b n
b
2 weeks - correct answer-If disability lasts for __________ or longer, compensation
n
b n
b n bn
b n
b n
b n
b b n n
b b n b n n
b
for wages is from the date disability began?
n
b b n n
b b n b n b n n
b n
b
$10,000 - correct answer-Burial costs are covered up to ________?
n
b bn bn n
b n
b n
b b n n
b n
b b n
