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TEXAS PROPERTY AND CASUALITY EXAM YEAR 2024/2025 / ACCURATE CURRENTLY TESTING EXAM VERSIONS WITH ACTUAL QUESTIONS AND DETAILED ANSWERS WITH A STUDY GUIDE / EXPERT VERIFIED FOR GURANTEED PASS/ LATEST UPDATE.$23.49
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TEXAS PROPERTY AND CASUALITY EXAM YEAR 2024/2025 / ACCURATE CURRENTLY TESTING EXAM VERSIONS WITH ACTUAL QUESTIONS AND DETAILED ANSWERS WITH A STUDY GUIDE / EXPERT VERIFIED FOR GURANTEED PASS/ LATEST UPDATE.
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TEXAS PROPERTY AND CASUALITY
Institution
TEXAS PROPERTY AND CASUALITY
TEXAS PROPERTY AND CASUALITY EXAM YEAR 2024/2025 /
ACCURATE CURRENTLY TESTING EXAM VERSIONS WITH
ACTUAL QUESTIONS AND DETAILED ANSWERS WITH A
STUDY GUIDE / EXPERT VERIFIED FOR GURANTEED PASS/
LATEST UPDATE.TEXAS PROPERTY AND CASUALITY EXAM YEAR 2024/2025 /
ACCURATE CURRENTLY TESTING EXAM ...
TEXAS PROPERTY AND CASUALITY EXAM YEAR 2024/2025 /
ACCURATE CURRENTLY TESTING EXAM VERSIONS WITH
ACTUAL QUESTIONS AND DETAILED ANSWERS WITH A
STUDY GUIDE / EXPERT VERIFIED FOR GURANTEED PASS/
LATEST UPDATE.
a _____ provides coverage until the policy is issued. it includes all coverages provided by the
policy. - CORRECT ANSWER binder
a ____ is a literal truth - CORRECT ANSWER warranty
a _______ is a substantial truth. in insurance, statements of the applicant/policyowner are
_______ - true to the best of their knowledge - CORRECT ANSWER representation
______ is an omission of a material fact. - CORRECT ANSWER concealment
the insurer has the right to sue a negligent third party for damages paid to an insured under the
concept of ______ - CORRECT ANSWER subrogation
four parts of a policy - CORRECT ANSWER DICE (declarations, insuring agreement,
conditions, and exclusions)
the ______ list the named insured, policy limits, and premium and policy period - CORRECT
ANSWER declarations
the ____ __ ____ are found on the declaration page of the policy - CORRECT ANSWER limits
of liability
the _______ _______ describes the coverages provided - CORRECT ANSWER insuring
agreement
,the _______ list the obligations of both parties, the insurer and the insured - CORRECT
ANSWER conditions
the ______ list the perils that are not covered - CORRECT ANSWER exclusions
If the Insurer and the Insured disagree that the liability policy does or does not provide coverage,
the claim will go to _____ - CORRECT ANSWER arbitration
in _____ each party pays for one and a half persons involved - CORRECT ANSWER arbitration
in arbitration there are _____ arbitrators - CORRECT ANSWER three
the cancellation provisions are found in the ________ section of the policy - CORRECT
ANSWER conditions
the insured must promptly tell the insurer about a ______ - CORRECT ANSWER claim
the other insurance clause is also known as the ____-____ _____ _______ - CORRECT
ANSWER pro-rata liability clause
_____-____ does not mean equal, it is proportionate - CORRECT ANSWER pro-rata
the _____ _____ _____ act protects consumers against the circulation of inaccurate or obsolete
personal or financial information. - CORRECT ANSWER fair credit reporting act
the ____-____-____ act requires that a customer be given out a privacy notice at the time the
customer relationship is initially established and thereafter annually. - CORRECT ANSWER
gramm-leach-bliley act
the ____ ____ insurance act applies to commercial policies only - CORRECT ANSWER
terrorism risk insurance act (TRIA)
,the main difference between the various _____ _____ forms is the property perils insured against
- CORRECT ANSWER dwelling policy (DP)
DP policies do not cover personal liability, although it can be added by adding an endorsement
known as a _____ ______ ______ for an additional premium charge - CORRECT ANSWER
personal liability supplement
DP policies contain general exclusions for damage due to war, nuclear hazard, and flood but not
_____ - CORRECT ANSWER wind
on a dwelling policy, other structures coverage will apply to a structure rented out as a _____
_____ - CORRECT ANSWER private garage
DP policies do not cover _______ of ______ after 60 days of vacancy - CORRECT ANSWER
breakage of glass
DP policies do not cover _____ of _____ unless the heat was left on - CORRECT ANSWER
freezing of plumbing
the _____ on which the insured dwelling sits on is not insurable - CORRECT ANSWER land
_____ _____, also known as the automatic increase endorsement, must be added to a DP policy
by endorsement - CORRECT ANSWER inflation guard
a loss from rain or dust would only be covered if an opening in the dwelling ____ or ____ was
first created by wind or another covered cause of loss - CORRECT ANSWER roof or walls
when a dwelling is covered by more than one policy, losses are shared ____-____ under the
other insurance clause. this may also be referred to ad the _____-____ liability clause -
CORRECT ANSWER pro-rata
, the basic dwelling form __-_ is a named or specified peril policy - CORRECT ANSWER DP-1
the __-_ _____ ____ does not provide additional living expense under coverage D; only fair
rental value is provided - CORRECT ANSWER DP-1 basic form
The Extended Coverage Endorsement is added to the Standard Fire Policy to create the __-_ -
CORRECT ANSWER DP-1
a __-_ _____ _____ policy is named perils on both the dwelling and the contents - CORRECT
ANSWER DP-2 broad form
on the dwelling broad form DP-2 building structures (Coverages A and B) are written with an
____% coinsurance requirement - CORRECT ANSWER 80%
on a __-_ ____ _____, Coverage B (other structures) is in addition to other coverage limits -
CORRECT ANSWER DP-2 broad form
the __-_ policy will provide the same coverage as the DP-2 (contents broad) for personal
property coverage, should coverage for contents be declared. - CORRECT ANSWER DP-3
although the DP-1 Basic Form does not provide coverage for _____, _____, _____, and _____,
both the DP-2 and DP-3 do - CORRECT ANSWER trees, shrubs, plants, lawns
all __ policies are package policies combining property and liability coverages - CORRECT
ANSWER HO
the most a policy will pay under the liability section is known as the ____ of _____ - CORRECT
ANSWER limit of liability
the definition of an ______ includes residents of a household who are relatives, or any other
person under the age of 21 who is in the insured's care - CORRECT ANSWER insured
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