TEXAS PROPERTY AND CASUALTY
LICENSING EXAM 2024 ACTUAL EXAM
COMPLETE 250 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY
GRADED A+
Emily owns a two-bedroom home that she rents to
another family. she wants both property and liability
insurance on this rental property. emily should
purchase - ....ANSWER...a dwelling policy and the
personal liability supplement
when does flood insurance take effect -
....ANSWER...30 days after the date of application and
payment of premium
an insured purchased a dwelling policy with $40,000
of coverage. the insured also purchased an
automatic increase in insurance endorsement that
increases the face amount of the policy by 4% each
,2|Page
year. what will the coverage amount be when the
insured pays the renewal premium for the 3rd year
the policy is in effect - ....ANSWER...$43,264
which of the following could be insured under
coverage B of a homeowners policy - ....ANSWER...a
detached garage rented to a neighbor to store his
sports car during the winter
what part of the personal auto policy covers losses
caused by malicious mischief, vandalism, hail, or
floods - ....ANSWER...other than collision
which of the following dwellings would be a HO-3
homeowners form coverage - ....ANSWER...single
family home
promising a return or profit not disclosed in the
insurance policy in order to convince an applicant to
buy am insurance policy is - ....ANSWER...an illegal
inducement
a person who willfully makes false statements on an
application for insurance is guilty of -
....ANSWER...fraud
,3|Page
purchasing insurance is an example of what type of
risk management - ....ANSWER...transfer
an insured who needs coverage against the
breakdown of boilers and other machinery and
equipment should purchase -
....ANSWER...equipment breakdown coverage
all of the following applicants are exempt from the
prelicensing education requirement except -
....ANSWER...a person who plans to take the
insurance licensing examination
all of the following losses of cattle would be covered
under a broad form farm policy except -
....ANSWER...loss due to disease
named perils coverage for dwelling and personal
property coverage - ....ANSWER...named perils
coverage for dwelling and personal property
coverage
, 4|Page
what happens if a consumer notifies a credit
reporting agency that information in the consumers
credit report is incorrect - ....ANSWER...the credit
reporting agency is required to investigate the
complaint, if it is justified, correct or delete the
information
which of the following components of an insurance
contract contains information about the risk, the
effective date of coverage, deductible, premium
amounts, coinsurance percentage, and location of
the insured property - ....ANSWER...declarations
page
Bill's construction company had an experience
modification factor added to his workers'
compensation policy. how might this affect his
premium - ....ANSWER...an experience modification
is applied as a method of penalizing those employers
with better than average loss experience and
penalizing those with poorer experience
which one of the following is not an additional
coverage found in homeowners policies -
....ANSWER...market valuation
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