IDAHO PROPERTY AND CASUALTY 2026
EXAMINERS QUESTIONS AND ANSWERS
SURE A+
✔✔Rates which are so low that they endanger the solvency of the insurer are:
A. excessive
B. discriminatory
C. inadequate
D. standardized - ✔✔C. inadequate
✔✔A producer may use funds in the trust account for each of the following purposes
EXCEPT:
A. transferring funds from one fiduciary account to another
B. paying a commission split to another licensed producer
C. withdrawing accrued interest
D. paying bank services charges for the trust account - ✔✔B. paying a commission split
to another licensed producer
✔✔The other insurance clause upholds the principle of:
A. risk
B. Indemnification - ✔✔B. Indemnification
✔✔The Fair Credit Reporting Act:
A. Allows consumers to insert corrective statements in their consumer reports
B. Requires insurers to provide applicants with copies of all investigative reports
C. Allows an insurer to obtain consumer investigative reports without notifying the
consumers
,D. Prohibits insurers from obtaining credit reports without consent of the consumer -
✔✔A. Allows consumers to insert corrective statements in their consumer reports
✔✔Under the Building and Personal Property policy, the mortgagee is entitled to:
A. 45 days notice of cancellation for nonpayment of premium
B. Payment as per the mortgagee's interest at the time of loss - ✔✔B. Payment as per
the mortgagee's interest at the time of loss
✔✔Which covers lost profits and continuing expenses?
A. E & O
B. Extra Expense
C. D & O
D. Business Income - ✔✔D. Business Income
✔✔Which of the following is a cause of loss form?
A. Declarations Form
B. Proof of Loss Form
C. Basic Form
D. Garage Keepers' Form - ✔✔C. Basic Form
The only 3 cause of loss forms are basic, broad, and special.
✔✔Liability for the destruction of property is covered by:
A. Physical Damage Coverage
B. Property Damage Coverage - ✔✔B. Property Damage Coverage
✔✔If I have a $100,000 HO policy, my personal property is covered to:
A. $50,000 on an actual cash value basis
B. $100,000 on an actual cash value basis
C. $100,000 on a replacement cost basis
D. $50,000 on a replacement cost basis - ✔✔A. $50,000 on an actual cash value basis
✔✔A car is destroyed by a hurricane. This is:
A. an occurrence
B. an accident - ✔✔B. an accident
✔✔The owner of a new office building is unable to move in for 80 days. Which provision
will restrict coverage?
, A. indemnity
B. coinsurance
C. vacancy
D. abandonment - ✔✔C. vacancy
✔✔A document outlining the coverage with evidence that coverage is in effect is known
as a/an?
A. endorsement
B. certificate of insurance - ✔✔B. certificate of insurance
✔✔Water damage to a building resulting from fire fighting efforts is:
A. an indirect loss
B. a direct loss - ✔✔B. a direct loss
✔✔The insured's sworn statement made to the insurer regarding the time and cause of
the loss is known as:
A. certification
B. proof of loss - ✔✔B. proof of loss
✔✔Under the Federal Fair Credit Reporting Act, the insured has NO right to:
A. insert a corrective statement in the report
B. be told the name and address of the consumer reporting agency
C. demand that an incorrect report be corrected
D. require that the insurer supply a copy of the report - ✔✔D. require that the insurer
supply a copy of the report
✔✔Al has his home insured for full value, $200,000. He owes his mortgage banker
$60,000. If the property is totally destroyed, the insurer will pay:
A. $60,000 to al and $140,000 to the mortgage banker
B. $140,000 to Al and $60,000 to the mortgage banker
C. $200,000 to Al
D. $200,000 to the mortgage banker - ✔✔B. $140,000 to Al and $60,000 to the
mortgage banker.
✔✔Which of the following policies contains a consent to settle provision?
A. commercial auto and employment practices liability
B. E & O and employment practices liability
C. employment practices liability only
EXAMINERS QUESTIONS AND ANSWERS
SURE A+
✔✔Rates which are so low that they endanger the solvency of the insurer are:
A. excessive
B. discriminatory
C. inadequate
D. standardized - ✔✔C. inadequate
✔✔A producer may use funds in the trust account for each of the following purposes
EXCEPT:
A. transferring funds from one fiduciary account to another
B. paying a commission split to another licensed producer
C. withdrawing accrued interest
D. paying bank services charges for the trust account - ✔✔B. paying a commission split
to another licensed producer
✔✔The other insurance clause upholds the principle of:
A. risk
B. Indemnification - ✔✔B. Indemnification
✔✔The Fair Credit Reporting Act:
A. Allows consumers to insert corrective statements in their consumer reports
B. Requires insurers to provide applicants with copies of all investigative reports
C. Allows an insurer to obtain consumer investigative reports without notifying the
consumers
,D. Prohibits insurers from obtaining credit reports without consent of the consumer -
✔✔A. Allows consumers to insert corrective statements in their consumer reports
✔✔Under the Building and Personal Property policy, the mortgagee is entitled to:
A. 45 days notice of cancellation for nonpayment of premium
B. Payment as per the mortgagee's interest at the time of loss - ✔✔B. Payment as per
the mortgagee's interest at the time of loss
✔✔Which covers lost profits and continuing expenses?
A. E & O
B. Extra Expense
C. D & O
D. Business Income - ✔✔D. Business Income
✔✔Which of the following is a cause of loss form?
A. Declarations Form
B. Proof of Loss Form
C. Basic Form
D. Garage Keepers' Form - ✔✔C. Basic Form
The only 3 cause of loss forms are basic, broad, and special.
✔✔Liability for the destruction of property is covered by:
A. Physical Damage Coverage
B. Property Damage Coverage - ✔✔B. Property Damage Coverage
✔✔If I have a $100,000 HO policy, my personal property is covered to:
A. $50,000 on an actual cash value basis
B. $100,000 on an actual cash value basis
C. $100,000 on a replacement cost basis
D. $50,000 on a replacement cost basis - ✔✔A. $50,000 on an actual cash value basis
✔✔A car is destroyed by a hurricane. This is:
A. an occurrence
B. an accident - ✔✔B. an accident
✔✔The owner of a new office building is unable to move in for 80 days. Which provision
will restrict coverage?
, A. indemnity
B. coinsurance
C. vacancy
D. abandonment - ✔✔C. vacancy
✔✔A document outlining the coverage with evidence that coverage is in effect is known
as a/an?
A. endorsement
B. certificate of insurance - ✔✔B. certificate of insurance
✔✔Water damage to a building resulting from fire fighting efforts is:
A. an indirect loss
B. a direct loss - ✔✔B. a direct loss
✔✔The insured's sworn statement made to the insurer regarding the time and cause of
the loss is known as:
A. certification
B. proof of loss - ✔✔B. proof of loss
✔✔Under the Federal Fair Credit Reporting Act, the insured has NO right to:
A. insert a corrective statement in the report
B. be told the name and address of the consumer reporting agency
C. demand that an incorrect report be corrected
D. require that the insurer supply a copy of the report - ✔✔D. require that the insurer
supply a copy of the report
✔✔Al has his home insured for full value, $200,000. He owes his mortgage banker
$60,000. If the property is totally destroyed, the insurer will pay:
A. $60,000 to al and $140,000 to the mortgage banker
B. $140,000 to Al and $60,000 to the mortgage banker
C. $200,000 to Al
D. $200,000 to the mortgage banker - ✔✔B. $140,000 to Al and $60,000 to the
mortgage banker.
✔✔Which of the following policies contains a consent to settle provision?
A. commercial auto and employment practices liability
B. E & O and employment practices liability
C. employment practices liability only
