Exam Fx-Property and Casualty Exam/90
Exam (2025/2026)Questions and Answers
100% Solved
1. To be considered an insurable risk, a loss may NOT be
Answers: catastrophic
2. Which of the following persons would be required to hold a
producer license?
Answers: a nonresident agent who negotiates insurance
contracts
3. Which of the following is the oldest known type of insurance?
Answers: ocean marine
4. The contents coverage on a homeowners policy would pay how
much after the loss of one of a pair of golden candlesticks?
Answers: the difference in the actual cash value as a pair and as a
single
5. Which of the following additional perils is covered under both of
the Basic and Broad forms in dwelling policies?
, Answers: internal explosion
6. When would a misrepresentation on the insurance application
be consid- ered fraud?
Answers: If it is intentional and material
7. A bond is written for a set limit, and the surety will be liable
only for this amount. This limit is known as the
Answers: penalty
8. In insurance, an offer is usually made when
Answers: the application is submitted
9. All of the following actions by a producer may be grounds
for license revocation or non-renewal EXCEPT
Answers: participating in controlled business
10. In personal auto policies, the term "you" refers to
Answers: the named insured
11. Business personal property coverage form covers all of the
following except:
Answers: automobiles held for sale
12. in dwelling policies, automatic increase in insurance is
Answers: coverage by en- dorsement
13. To be eligible for businessowners policy (BOP) coverage, an
office building CANNOT be higher than
Answers: 6 stories
14. Elaborate homes with replacement costs greater than ACV or
market value are insured on the
Answers HO-8 Form
Exam (2025/2026)Questions and Answers
100% Solved
1. To be considered an insurable risk, a loss may NOT be
Answers: catastrophic
2. Which of the following persons would be required to hold a
producer license?
Answers: a nonresident agent who negotiates insurance
contracts
3. Which of the following is the oldest known type of insurance?
Answers: ocean marine
4. The contents coverage on a homeowners policy would pay how
much after the loss of one of a pair of golden candlesticks?
Answers: the difference in the actual cash value as a pair and as a
single
5. Which of the following additional perils is covered under both of
the Basic and Broad forms in dwelling policies?
, Answers: internal explosion
6. When would a misrepresentation on the insurance application
be consid- ered fraud?
Answers: If it is intentional and material
7. A bond is written for a set limit, and the surety will be liable
only for this amount. This limit is known as the
Answers: penalty
8. In insurance, an offer is usually made when
Answers: the application is submitted
9. All of the following actions by a producer may be grounds
for license revocation or non-renewal EXCEPT
Answers: participating in controlled business
10. In personal auto policies, the term "you" refers to
Answers: the named insured
11. Business personal property coverage form covers all of the
following except:
Answers: automobiles held for sale
12. in dwelling policies, automatic increase in insurance is
Answers: coverage by en- dorsement
13. To be eligible for businessowners policy (BOP) coverage, an
office building CANNOT be higher than
Answers: 6 stories
14. Elaborate homes with replacement costs greater than ACV or
market value are insured on the
Answers HO-8 Form
