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TEXAS PROPERTY AND CASUALTY TEST FINAL EXAM 2
VERSIONS (VERSION A AND B) 2025/2026 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
A homeowner sells his house to a friend. The friend wants to keep
the homeowner's current policy in effect. Under the assignment
provision, which of the following is most likely? -ANSWERS-The
homeowner will need to get written consent from the insurer
before the policy can be reassigned.
What term best describes the act of withholding material
information that would be crucial to an underwriting decision? -
ANSWERS-Concealment
The at-fault driver in an insured's auto crash had the state
required minimums for auto liability coverage, but not enough to
pay for all the damage done to the insured. This driver is -
ANSWERS-Considered uninsured
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An insured owns a building that is valued at $400,000. To comply
with the 80% coinsurance provision of his insurance policy, how
much should he insure the property for? -ANSWERS-80% of the
property's replacement cost or more
The coinsurance clause states that in consideration of a reduced
rate, the insured agrees to maintain a certain minimum amount of
insurance on the insured property. In the event of a covered loss,
insurance is designed to pay replacement cost minus
depreciation.
#28.
When applying for an individual life insurance policy, an applicant
states that he went to the doctor for nausea, but fails to mention
that he was also having severe chest pains. This is an example of
-ANSWERS-concealment
Which of the following is true regarding the fire department
service charge under the builders risk form? -ANSWERS-it is an
additional coverage
TEXAS PROPERTY AND CASUALTY TEST FINAL EXAM 2
VERSIONS (VERSION A AND B) 2025/2026 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
A homeowner sells his house to a friend. The friend wants to keep
the homeowner's current policy in effect. Under the assignment
provision, which of the following is most likely? -ANSWERS-The
homeowner will need to get written consent from the insurer
before the policy can be reassigned.
What term best describes the act of withholding material
information that would be crucial to an underwriting decision? -
ANSWERS-Concealment
The at-fault driver in an insured's auto crash had the state
required minimums for auto liability coverage, but not enough to
pay for all the damage done to the insured. This driver is -
ANSWERS-Considered uninsured
, Page |2
An insured owns a building that is valued at $400,000. To comply
with the 80% coinsurance provision of his insurance policy, how
much should he insure the property for? -ANSWERS-80% of the
property's replacement cost or more
The coinsurance clause states that in consideration of a reduced
rate, the insured agrees to maintain a certain minimum amount of
insurance on the insured property. In the event of a covered loss,
insurance is designed to pay replacement cost minus
depreciation.
#28.
When applying for an individual life insurance policy, an applicant
states that he went to the doctor for nausea, but fails to mention
that he was also having severe chest pains. This is an example of
-ANSWERS-concealment
Which of the following is true regarding the fire department
service charge under the builders risk form? -ANSWERS-it is an
additional coverage
