PENNSYLVANIA PROPERTY AND CASUALTY
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Discovery Form in Commercial Ins.. Answer: an occurrence taking
place at any time & discovered during the policy period or extended
reporting period (60 days)
◉ Vacant. Answer: Absence of people and property
◉ Filed form in Commercial. Answer: a form that may require an
insurer to file for rate & form approval
◉ Unfiled form in Commercial. Answer: may not require an
approved filing to the insurance department in that state
◉ Bailee's Customer. Answer: coverage forms used to cover losses to
customers' property in the care, custody or control of the insured.
Each is unfiled.
◉ Inland Marine. Answer: Covers property in transit, in the custody
of a bailee, property instrumentality of transportion (bridges, radio
towers, etc.), mobile medical equipment, contractors equipment.
,◉ Individual Named Insured Endorsement in Commercial Auto.
Answer: Coverage for sole proprietor of the business and his or her
family members
◉ Intervening Cause. Answer: Breaks the required uninterrupted
chain of events necessary to establish negligent liability????
◉ D.I.C.E.. Answer: Declarations (Who is being insured, What is
being insured, Where it is being insured, When it is being insured, &
How much is premium & amount of coverage)
Insuring agreement (promises)
Conditions (rights and obligations)
Exclusions (not covered)
◉ WHARVES. Answer: Windstorm
Hail
Aircraft/Vehicles
Riot Attending Strike
Volcanic Eruption
Explosions
Smoke
,◉ ACV (Actual Cash Value). Answer: reinforces indemnity,
recognizes the reduction of value as property ages, wear and tear
and obsolescence.
Current Replacement cost minus Depreciation = ACV
◉ W.C. SHAVER. Answer: Windstorm
Civil Commotion
Smoke
Hail
Aircraft
Vehicle and volcano
Explosion
Riots
◉ VMM. Answer: Vandalism or malicious mischief
◉ Broad Form Coverage (B.B. Bice-Golf. Answer: Bursting of heating
systems
Burglary damage
Breaking of water heaters
Ice, snow, or sleet weight
, Collapse of building or part of a building
Electrical damage (artificially generated)
Glass breakage
Objects falling from outside
Leakage of water or stream damage
Freezing of plumbing
◉ Representations. Answer: statements made by the applicant on
the application; based on their best knowledge and belief.
◉ Unfair Trade Practices. Answer: AKA Unfair Methods of
competition, fineable offenses that could cause adverse effects
◉ Misrepresentation (lie). Answer: A false statement or lie that can
render the contract void
◉ Unfair Claim Settlement Practice. Answer:
◉ Risk Management. Answer: Avoidance,
Reduction,
Retention,
Transfer
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Discovery Form in Commercial Ins.. Answer: an occurrence taking
place at any time & discovered during the policy period or extended
reporting period (60 days)
◉ Vacant. Answer: Absence of people and property
◉ Filed form in Commercial. Answer: a form that may require an
insurer to file for rate & form approval
◉ Unfiled form in Commercial. Answer: may not require an
approved filing to the insurance department in that state
◉ Bailee's Customer. Answer: coverage forms used to cover losses to
customers' property in the care, custody or control of the insured.
Each is unfiled.
◉ Inland Marine. Answer: Covers property in transit, in the custody
of a bailee, property instrumentality of transportion (bridges, radio
towers, etc.), mobile medical equipment, contractors equipment.
,◉ Individual Named Insured Endorsement in Commercial Auto.
Answer: Coverage for sole proprietor of the business and his or her
family members
◉ Intervening Cause. Answer: Breaks the required uninterrupted
chain of events necessary to establish negligent liability????
◉ D.I.C.E.. Answer: Declarations (Who is being insured, What is
being insured, Where it is being insured, When it is being insured, &
How much is premium & amount of coverage)
Insuring agreement (promises)
Conditions (rights and obligations)
Exclusions (not covered)
◉ WHARVES. Answer: Windstorm
Hail
Aircraft/Vehicles
Riot Attending Strike
Volcanic Eruption
Explosions
Smoke
,◉ ACV (Actual Cash Value). Answer: reinforces indemnity,
recognizes the reduction of value as property ages, wear and tear
and obsolescence.
Current Replacement cost minus Depreciation = ACV
◉ W.C. SHAVER. Answer: Windstorm
Civil Commotion
Smoke
Hail
Aircraft
Vehicle and volcano
Explosion
Riots
◉ VMM. Answer: Vandalism or malicious mischief
◉ Broad Form Coverage (B.B. Bice-Golf. Answer: Bursting of heating
systems
Burglary damage
Breaking of water heaters
Ice, snow, or sleet weight
, Collapse of building or part of a building
Electrical damage (artificially generated)
Glass breakage
Objects falling from outside
Leakage of water or stream damage
Freezing of plumbing
◉ Representations. Answer: statements made by the applicant on
the application; based on their best knowledge and belief.
◉ Unfair Trade Practices. Answer: AKA Unfair Methods of
competition, fineable offenses that could cause adverse effects
◉ Misrepresentation (lie). Answer: A false statement or lie that can
render the contract void
◉ Unfair Claim Settlement Practice. Answer:
◉ Risk Management. Answer: Avoidance,
Reduction,
Retention,
Transfer
