Texas Property and Casualty Insurance Policies. (State Test).pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Prope
Texas Property and Casualty Insurance
Policies. (State Test) Questions & Answers
1. The businessowners policy liability coverage will pay for necessary medical
expenses of others within what maximum time period?
Answer 1 Year
2. Which of the following covers a carrier for liability for loss to cargo while it is
being transported in a truck?
Answer Moto truck cargo policy- truckers form
3. In which of the following types of property valuation will the policy pay
the full value specified on the policy schedule, regardless of the insured
property's appreciation or depreciation?
Answer Agreed Value
4. If the actual values exceed the limit of insurance, the buisnessowners policy
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,Texas Property and Casualty Insurance Policies. (State Test).pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Prope
(BOP) contains a seasonal increase provision that automatically increases the
limit of insurance for business personal property by
Answer 25%
5. In which type of commercial crime policy coverage is triggered by a loss that
happens during the policy period but is not necessarily discovered during the
policy period?
Answer Loss sustained form
6. Under the dwelling policy, if an insurer chooses to repair or replace dam-
aged or lost property, it must inform the insured within how many days of
receiving proof of loss?
Answer 30 Days
7. Under a dwelling policy, which of the following is NOT a factor in determining a
loss?
Answer The amount negotiated by the insured
8. Which professional liability form provides form coverage for liability arising
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