Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers
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Texas Property and Casualty Insurance
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Texas Property And Casualty Insurance
Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers
Which of the following factors concerning the Garage policy is incorrect?
-Section 1 is used to list the covered autos with their appropriate symbol
- section II is liability coverage
- Garage Operations other than c...
texas property and casualty insurance exam questio
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Texas Property and Casualty Insurance Exam
Questions with 100% Correct Answers
Which of the following factors concerning the Garage policy is incorrect?
-Section 1 is used to list the covered autos with their appropriate symbol
- section II is liability coverage
- Garage Operations other than covered auto relates to the ownership, maintenance or use of
covered autos
- Garage operations- covered autos is a coverage available under section II liability
Garage Operations other than covered auto relates to the ownership, maintenance or use of covered
autos
What is an organization that solicits insurance only to its members?
Fraternal benefit society
which of the following liability limits are given in addition to the applicable limits of liability stated in
the policy?
additional (supplementary) payments
Which of the following is correct about duties after occurrence according to section II of a
Homeowners policy
if a claim is brought, all paperwork regarding witnesses and lawyers must be sent to the insurer
how many days' notice before the expiration days of the policy does an insurer have to give the
insured before non renewing their policy?
30 days
3 multiple choice options
if valuable papers are destroyed on the premises by a loss covered by a businessowners' policy, what
is the maximum dollar amount that be collected to restore such papers?
$10,000
Termination of a homeowner policy by the insured or the insurer during the policy period is :
cancellation
which of the following losses would be covered under CR 00 40 coverage?
-kidnap/ransom
-extortion- commercial entities
-lessees of safe deposit boxes
- guests' property
Kidnap/randsom
Collapse is covered as an additional peri because
the covered causes of collapse are limited
commercial auto policies
can be purchased as either part of a package or monoline coverage
, what is the main advantage to an insurer under a claimed made cgl
the insurer knows the definitive date upon which their potential liability ends
Tammi owns an HO-3 policy with a $500 deductible. All of the following would be covered by
Coverage F of her policy, EXCEPT:
-Injury caused by a 28 foot sailboat
- funeral expenses
- artificial limb
- professional nursing cost
Injury caused by a 28 foot sailboat
which of the following facts about the flood program is false ?
-it is federally subsidized through the use of tax dollars
-private carriers share in losses through the WYO
- private insurance agents who sell flood insurance are paid a commission for doing so
- the greatest coverage amounts are found in the regular program
private carriers share in losses through the WYO
Personal Injury Protection and Medical Payments are considered to be waht type of coverages?
no fault
Which of the following situations would an insurance agent need to guard against liability for
professional errors and omissions?
Making a recommendation to a potential insured to replace existing coverage
If more than one commercial policy package includes a commercial property coverage part that
applies to the same insured loss, then
All the applicable policies will cover the loss on a pro-rata basis
__ of continuing education must be completed on the classroom or classroom equivalent
50%
Which of the following statements correctly states the limit of liability found under Part F for collision
or other than collision loss?
Payment is the LESSER AMOUNT of either 1) the ACV (actual cash value) of the stolen or damaged
property at the time of a loss or 2) the amount required to repair or replace the property with other
property which is of a like kind or quality
An insurer will give _ days to notice of cancellation under the terms of a Businessowner's policy for a
building that has been vacant for 60 days or more
5
3 multiple choice options
Transit coverage forms limit or exclude coverage on all of the following except:
-bullion being transported by a bank
- furs coats being shipped to a specialty clothes store
- birds, fish, and reptiles being shipped to a pet store
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