IDAHO PROPERTY AND CASUALTY INSURANCE
EXAM FINAL PAPER 2026
◉ Which of the following is an example of personal injury?
A. A business owner makes false statements about his competition
all over social media
B. Mary's cat claws a child and the child has to get stitches
C. A customer gets food poisoning after eating at a seafood
restaurant
D. A car veers off the road and damages 3 mailboxes. Answer: A
business owner makes false statements about his competition all
over social media
◉ In general, liability policies do NOT cover damage caused to...
A. property
B. The insured
C. The third party
D. The injured party. Answer: The insured
,◉ Split limit, single limit, and per person limits in a liability policy
apply per...
A. policy period
B. lifetime of the insured
C. fiscal year
D. occurrence. Answer: Occurrence
◉ Payments that are made in addition to the policy's regular limit of
liability are know as...
A. supplementary payments
B. aggregate payments
C. restoration of limits
D. nonreduction of limits. Answer: supplementary payments
◉ When the payment of a claim does not reduce the amount
available to pay future occurrences this is known as...
A. Restoration of limits
B. Aggregate limit
C. Split limit
,D. Future occurrence limit. Answer: restoration of limits
◉ Which of the following is not a common liability policy exclusion?
A. damage to property owned by the insured
B. bodily injury to the insured
C. losses covered under workers' compensation laws
D. notify the insurance company in writing of all losses. Answer:
notify the insurance company in writing of all losses
◉ The homeowners policy provides property and liability coverage
in a single policy. For this reason it is called....
A. A double line policy
B. A monoline policy
C. A multiline policy
D. a modified policy. Answer: A multiline policy
◉ Under the cancellation condition, during the first 60 days, the
insurance company can cancel for any reason as long as they give...
A. 5 days' written notice
, B. 10 days' written notice
C. 30 days' written notice
D. 45 days' written notice. Answer: 10 days' written notice
◉ Which homeowners policy form insures the tenants in a rental
property?
A. HO-1
B. HO-2
C. HO-3
D. HO-4. Answer: HO-4
◉ Which of the following theft losses would be completely covered if
the loss were for the full value of the property?
A. $300 worth of coins from the insured's coin collection
B. $3000 laptop computer that is used in the insured's accounting
business
C. $2,000 silver set
D. $5000 diamond ring. Answer: $2,000 silver set
◉ Which of the following is NOT specifically excluded from Coverage
C of the homeowners policy?
EXAM FINAL PAPER 2026
◉ Which of the following is an example of personal injury?
A. A business owner makes false statements about his competition
all over social media
B. Mary's cat claws a child and the child has to get stitches
C. A customer gets food poisoning after eating at a seafood
restaurant
D. A car veers off the road and damages 3 mailboxes. Answer: A
business owner makes false statements about his competition all
over social media
◉ In general, liability policies do NOT cover damage caused to...
A. property
B. The insured
C. The third party
D. The injured party. Answer: The insured
,◉ Split limit, single limit, and per person limits in a liability policy
apply per...
A. policy period
B. lifetime of the insured
C. fiscal year
D. occurrence. Answer: Occurrence
◉ Payments that are made in addition to the policy's regular limit of
liability are know as...
A. supplementary payments
B. aggregate payments
C. restoration of limits
D. nonreduction of limits. Answer: supplementary payments
◉ When the payment of a claim does not reduce the amount
available to pay future occurrences this is known as...
A. Restoration of limits
B. Aggregate limit
C. Split limit
,D. Future occurrence limit. Answer: restoration of limits
◉ Which of the following is not a common liability policy exclusion?
A. damage to property owned by the insured
B. bodily injury to the insured
C. losses covered under workers' compensation laws
D. notify the insurance company in writing of all losses. Answer:
notify the insurance company in writing of all losses
◉ The homeowners policy provides property and liability coverage
in a single policy. For this reason it is called....
A. A double line policy
B. A monoline policy
C. A multiline policy
D. a modified policy. Answer: A multiline policy
◉ Under the cancellation condition, during the first 60 days, the
insurance company can cancel for any reason as long as they give...
A. 5 days' written notice
, B. 10 days' written notice
C. 30 days' written notice
D. 45 days' written notice. Answer: 10 days' written notice
◉ Which homeowners policy form insures the tenants in a rental
property?
A. HO-1
B. HO-2
C. HO-3
D. HO-4. Answer: HO-4
◉ Which of the following theft losses would be completely covered if
the loss were for the full value of the property?
A. $300 worth of coins from the insured's coin collection
B. $3000 laptop computer that is used in the insured's accounting
business
C. $2,000 silver set
D. $5000 diamond ring. Answer: $2,000 silver set
◉ Which of the following is NOT specifically excluded from Coverage
C of the homeowners policy?
