XCEL SOLUTIONS PROPERTY & CASUALTY EXAM
NEWEST 2025 COMPLETE 123 ACTUAL QUESTIONS
AND CORRECT VERIFIED ANSWERS/ALREADY
GRADED A+||BRAND NEW!!!
An earned premium resulting from the cancellation of a policy is
calculated on: - ✔✔ANSWER✔✔>>On a pro rata basis, based on the
previous year's rate
M owns a parking garage & has coverage that states: "We will cover
losses regardless if you are legally liable for the loss." This no-fault
ideology will be found under: - ✔✔ANSWER✔✔>>Excess Direct
Coverage
Which statement is false regarding the AZ property & casualty
insurance guaranty fund? - ✔✔ANSWER✔✔>>Assessments are
divided into four separate accounts
A producer must report to the Director any admin action taken
against her by any government agency within: - ✔✔ANSWER✔✔>>30
Days
Coverage A in a Dwelling Policy provides all of the following
coverages, EXCEPT: - ✔✔ANSWER✔✔>>Covers all structures
attacked to the dwelling
High Rise/Condo building typically have which construction
(according to ISO guidelines): - ✔✔ANSWER✔✔>>Modified/Semi Fire
Resistive
What is the best expression of premium determination process for
Workers Compensation (X means multiply by)? -
✔✔ANSWER✔✔>>Risk factor of a job classification X $100 of payroll
= Premium
, Which of the following statements about NFIP deductibles is TRUE? -
✔✔ANSWER✔✔>>There is a deductible applied to the building and
another to the contents under both the emergency and regular
programs
T caused an accident that caused B injuries that forced him to miss a
week of work. The type of damages that B would collect for lost
wages are: - ✔✔ANSWER✔✔>>Special Damages
G's band has hit the big time and will be touring the world. The
band's manager has called you to make sure that their equipment is
covered as they travel. The coverage you will place on G's band for
this purpose would be: - ✔✔ANSWER✔✔>>Commercial articles
floater
Which of the following Homeowners forms is not named perils
coverage? - ✔✔ANSWER✔✔>>HO-5
Which of the following homeowner forms pay for loss on a function
replacement cost basis? - ✔✔ANSWER✔✔>>HO-8
How are Coverage D and Coverage E paid in both the Broad and
Special forms under the Dwelling Program? -
✔✔ANSWER✔✔>>Coverage D & E are paid up to 20% got both
combined, not each separately, of the dwelling coverage amount.
Which of the following losses would be covered under section II of a
Business Owners Policy? - ✔✔ANSWER✔✔>>An insured accidentally
slams a shopping cart into a parked car while shopping for business
supplies
Which of the following regarding motor carrier insurance is not true?
- ✔✔ANSWER✔✔>>Specialized carriers are contracts that will
deliver goods when common carriers are unable to meet their
delivery time due to a covered peril.
NEWEST 2025 COMPLETE 123 ACTUAL QUESTIONS
AND CORRECT VERIFIED ANSWERS/ALREADY
GRADED A+||BRAND NEW!!!
An earned premium resulting from the cancellation of a policy is
calculated on: - ✔✔ANSWER✔✔>>On a pro rata basis, based on the
previous year's rate
M owns a parking garage & has coverage that states: "We will cover
losses regardless if you are legally liable for the loss." This no-fault
ideology will be found under: - ✔✔ANSWER✔✔>>Excess Direct
Coverage
Which statement is false regarding the AZ property & casualty
insurance guaranty fund? - ✔✔ANSWER✔✔>>Assessments are
divided into four separate accounts
A producer must report to the Director any admin action taken
against her by any government agency within: - ✔✔ANSWER✔✔>>30
Days
Coverage A in a Dwelling Policy provides all of the following
coverages, EXCEPT: - ✔✔ANSWER✔✔>>Covers all structures
attacked to the dwelling
High Rise/Condo building typically have which construction
(according to ISO guidelines): - ✔✔ANSWER✔✔>>Modified/Semi Fire
Resistive
What is the best expression of premium determination process for
Workers Compensation (X means multiply by)? -
✔✔ANSWER✔✔>>Risk factor of a job classification X $100 of payroll
= Premium
, Which of the following statements about NFIP deductibles is TRUE? -
✔✔ANSWER✔✔>>There is a deductible applied to the building and
another to the contents under both the emergency and regular
programs
T caused an accident that caused B injuries that forced him to miss a
week of work. The type of damages that B would collect for lost
wages are: - ✔✔ANSWER✔✔>>Special Damages
G's band has hit the big time and will be touring the world. The
band's manager has called you to make sure that their equipment is
covered as they travel. The coverage you will place on G's band for
this purpose would be: - ✔✔ANSWER✔✔>>Commercial articles
floater
Which of the following Homeowners forms is not named perils
coverage? - ✔✔ANSWER✔✔>>HO-5
Which of the following homeowner forms pay for loss on a function
replacement cost basis? - ✔✔ANSWER✔✔>>HO-8
How are Coverage D and Coverage E paid in both the Broad and
Special forms under the Dwelling Program? -
✔✔ANSWER✔✔>>Coverage D & E are paid up to 20% got both
combined, not each separately, of the dwelling coverage amount.
Which of the following losses would be covered under section II of a
Business Owners Policy? - ✔✔ANSWER✔✔>>An insured accidentally
slams a shopping cart into a parked car while shopping for business
supplies
Which of the following regarding motor carrier insurance is not true?
- ✔✔ANSWER✔✔>>Specialized carriers are contracts that will
deliver goods when common carriers are unable to meet their
delivery time due to a covered peril.
