Texas Personal Lines Insurance TEST BANK EXAM
2026\2027 COMPLETE QUESTIONS AND CORRECT
ANSWERS \VERIFIED 100%
Payment for medical expenses, loss of wages, funeral expenses,
special- special damages are tangible damages that can be
specifically measured in dollar amounts (such as out of pocket
expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single
amount is referred to as
Blanket
All of the following statements describe the concept of strict liability
EXCEPT
It is imposed on defendants engaged in hazardous activities
All of the following are conditions commonly found in the insurance
policy EXCEPT
Insuring Agreement
What type of information would be found in a policy's insuring agreement?
Renewal Dates
,An insurance contract must contain all of the following to be considered
legally binding EXCEPT
Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur?
When an insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a
portion of the loss no greater than the amount the insurer bears to all
the insurance
covering the property is called
Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if
untrue, may breach an insurance contract?
Warranty
Which of the following would qualify as a competent party in an
insurance contract
The applicant has a prior felony conviction
The proof of loss statement must be
in writing
, Who is responsible for filling out a notice of claim form
Insured
What is the minimum amount of coverage that should be carried on an
HO2 on a home that was purchased 4 years ago for $75,000, which today
has a
replacement value of $100,000
$80,000 - due to it needing to be insured at least 80% of rc in order to
collect the full rc of a partial loss
Which of the following property coverages would provide protection
to contents damaged by fire?
Coverage C
If an insured covered under a Mobile Homeowners Policy moves the
mobile home to protect it from a covered peril, the policy will pay up
to
$500
Under which of the following conditions can broad theft coverage be
added to a dwelling policy
if the insured is owner-occupant of the dwelling
2026\2027 COMPLETE QUESTIONS AND CORRECT
ANSWERS \VERIFIED 100%
Payment for medical expenses, loss of wages, funeral expenses,
special- special damages are tangible damages that can be
specifically measured in dollar amounts (such as out of pocket
expenses for medical, miscellaneous expenses, and loss of wages)
A policy that insures all property at multiple locations for a single
amount is referred to as
Blanket
All of the following statements describe the concept of strict liability
EXCEPT
It is imposed on defendants engaged in hazardous activities
All of the following are conditions commonly found in the insurance
policy EXCEPT
Insuring Agreement
What type of information would be found in a policy's insuring agreement?
Renewal Dates
,An insurance contract must contain all of the following to be considered
legally binding EXCEPT
Beneficiary's consent
In forming an insurance contract, when does acceptance usually occur?
When an insurer's underwriter approves coverage
The other insurance provision that limits the liability of the insurer to a
portion of the loss no greater than the amount the insurer bears to all
the insurance
covering the property is called
Pro Rata liability
Which of the following is a statement that is guaranteed to be true, and if
untrue, may breach an insurance contract?
Warranty
Which of the following would qualify as a competent party in an
insurance contract
The applicant has a prior felony conviction
The proof of loss statement must be
in writing
, Who is responsible for filling out a notice of claim form
Insured
What is the minimum amount of coverage that should be carried on an
HO2 on a home that was purchased 4 years ago for $75,000, which today
has a
replacement value of $100,000
$80,000 - due to it needing to be insured at least 80% of rc in order to
collect the full rc of a partial loss
Which of the following property coverages would provide protection
to contents damaged by fire?
Coverage C
If an insured covered under a Mobile Homeowners Policy moves the
mobile home to protect it from a covered peril, the policy will pay up
to
$500
Under which of the following conditions can broad theft coverage be
added to a dwelling policy
if the insured is owner-occupant of the dwelling
