Texas Property and Casualty Licensing Exam with accurate
|| || || || || || || ||
detailed solutions ||
At what point in time is the earned premium used to compute the final premium
|| || || || || || || || || || || || || || ||
determined for the premium audit in a Workers Compensation policy?Monthly
|| || || || || || || || ||
At the end of the policy period
|| || || || || ||
At the beginning of the policy period
|| || || || || ||
At the time the premium deposit is made
|| || || || || || ||
At the end of the policy period
|| || || || || ||
Which of the following claims is not covered under Workers’ Compensation Insurance? An
|| || || || || || || || || || || || ||
employee injured by machinery in the work place
|| || || || || || ||
An employee who becomes ill because of exposure to chemicals used in the employee's
|| || || || || || || || || || || || || ||
workplace
An employee injured on the job by a product of the employer
|| || || || || || || || || || ||
An employee who contracts a cold in the winter
|| || || || || || || ||
An employee who contracts a cold in the winter
|| || || || || || || ||
Which Workers’ Compensation benefits does not have a limit?
|| || || || || || || ||
Death and survivor benefits
|| || ||
Temporary Total Disability benefits || || ||
Medical benefits ||
Scheduled injuries ||
Medical benefits ||
An injury for which Workers’ Compensation is payable is called a(n) __________ injury.
|| || || || || || || || || || || ||
Employment
Trauma
Compensable
,Occupational
Compensable
In Workers Compensation, Income benefits are subject to a waiting period of how many
|| || || || || || || || || || || || || ||
days in Texas? || ||
20 days
||
30 days
||
7 days
||
10 days
||
7 days
||
Which of the following injuries would NOT be covered under a Workers Compensation
|| || || || || || || || || || || || ||
policy?
An injury on a mechanic working on his own car during his lunch
|| || || || || || || || || || || ||
An injury that takes place when the insured is in a fight at work
|| || || || || || || || || || || || ||
An injury that takes place when the insured is at work
|| || || || || || || || || ||
An injury that takes place when the insured is traveling for business
|| || || || || || || || || || ||
An injury on a mechanic working on his own car during his lunch
|| || || || || || || || || || || ||
The Other States section of the workers compensation policy shows?
|| || || || || || || || ||
Only the states listed in the policy
|| || || || || ||
Monopolistic states and Competitive states || || || ||
48 states
||
All 50 states
|| ||
Only the states listed in the policy
|| || || || || ||
An employee is injured while riding in a company owned vehicle and being driven by a
|| || || || || || || || || || || || || || || ||
fellow employee. What policy pays for the injuries?
|| || || || || || ||
Commercial General Liability || ||
Workers Compensation ||
Commercial Auto Liability || ||
,Personal Auto Medical || ||
Workers Compensation ||
Workers’ Compensation must be provided when the employer reserves all of the following
|| || || || || || || || || || || || ||
rights, EXCEPT ___________. || ||
Control when employees are paid || || || ||
Direct the way work will be completed
|| || || || || ||
Determine the work hours || || ||
Reduce employee work hours to part-time status|| || || || || ||
Reduce employee work hours to part-time status|| || || || || ||
In the CGL policy the claims made form pays for damages all the following ways, EXCEPT?
|| || || || || || || || || || || || || || ||
A claim cannot be made for losses before a retroactive date
|| || || || || || || || || ||
Claims made provides coverage back to a retroactive date
|| || || || || || || ||
If bodily injury or property damage occurs the claim should be filed immediately
|| || || || || || || || || || || ||
A claimant can file a claim at any time even after the policy terminates
|| || || || || || || || || || || || ||
A claimant can file a claim at any time even after the policy terminates
|| || || || || || || || || || || || ||
All of the following about Products Exposure Liability Coverage are correct, EXCEPT?
|| || || || || || || || || || ||
Coverage applies to property damage the product causes || || || || || || ||
Damage to the product itself is covered || || || || || ||
Coverage applies to bodily injury the product causes || || || || || || ||
Coverage applies to bodily injury occurring away from premises the insured owns or rents
|| || || || || || || || || || || || ||
Damage to the product itself is covered || || || || || ||
Which of the following statements will be used to accurately explain Completed Operations
|| || || || || || || || || || || || ||
Coverage of the Commercial General Liability policy? || || || || || ||
Bodily injury arising from negligent or faulty work of the insured is not covered if it occurs
|| || || || || || || || || || || || || || || || ||
after the work is completed and turned over to its owner
|| || || || || || || || || ||
If faulty work, negligently performed, causes damage to other property of the claimant, then
|| || || || || || || || || || || || ||
coverage extends to include the faulty work
|| || || || || || ||
, Coverage applies only during the period that the insured has custody and control of the
|| || || || || || || || || || || || || || ||
work deemed faulty or inadequately performed
|| || || || ||
The coverage will pay for bodily injury and/or property damage caused by negligent or
|| || || || || || || || || || || || || ||
faulty work by the insured, but will not pay for the cost of replacing the work that caused
|| || || || || || || || || || || || || || || || || ||
the loss ||
The coverage will pay for bodily injury and/or property damage caused by negligent or
|| || || || || || || || || || || || || ||
faulty work by the insured, but will not pay for the cost of replacing the work that caused
|| || || || || || || || || || || || || || || || || ||
the loss ||
A commercial liability policy with $300,000 aggregate coverage has losses of $15,000 liability
|| || || || || || || || || || || ||
for bodily injury, $6,000 liability for personal injury and $4,800 lawyers’ fees and court
|| || || || || || || || || || || || || || ||
costs. How much did the commercial general liability policy pay?
|| || || || || || || || ||
1
$10,800
$25,800
$15,000
$21,000
$25,800
A client is hurt when he fell entering an insured’s business. Where is this covered in the
|| || || || || || || || || || || || || || || || ||
CGL policy? ||
Operations
Property damage ||
Named insured ||
Premises
Premises
Slander would be covered where in a commercial general liability policy?
|| || || || || || || || || ||
Contingent
Operations
Premises
|| || || || || || || ||
detailed solutions ||
At what point in time is the earned premium used to compute the final premium
|| || || || || || || || || || || || || || ||
determined for the premium audit in a Workers Compensation policy?Monthly
|| || || || || || || || ||
At the end of the policy period
|| || || || || ||
At the beginning of the policy period
|| || || || || ||
At the time the premium deposit is made
|| || || || || || ||
At the end of the policy period
|| || || || || ||
Which of the following claims is not covered under Workers’ Compensation Insurance? An
|| || || || || || || || || || || || ||
employee injured by machinery in the work place
|| || || || || || ||
An employee who becomes ill because of exposure to chemicals used in the employee's
|| || || || || || || || || || || || || ||
workplace
An employee injured on the job by a product of the employer
|| || || || || || || || || || ||
An employee who contracts a cold in the winter
|| || || || || || || ||
An employee who contracts a cold in the winter
|| || || || || || || ||
Which Workers’ Compensation benefits does not have a limit?
|| || || || || || || ||
Death and survivor benefits
|| || ||
Temporary Total Disability benefits || || ||
Medical benefits ||
Scheduled injuries ||
Medical benefits ||
An injury for which Workers’ Compensation is payable is called a(n) __________ injury.
|| || || || || || || || || || || ||
Employment
Trauma
Compensable
,Occupational
Compensable
In Workers Compensation, Income benefits are subject to a waiting period of how many
|| || || || || || || || || || || || || ||
days in Texas? || ||
20 days
||
30 days
||
7 days
||
10 days
||
7 days
||
Which of the following injuries would NOT be covered under a Workers Compensation
|| || || || || || || || || || || || ||
policy?
An injury on a mechanic working on his own car during his lunch
|| || || || || || || || || || || ||
An injury that takes place when the insured is in a fight at work
|| || || || || || || || || || || || ||
An injury that takes place when the insured is at work
|| || || || || || || || || ||
An injury that takes place when the insured is traveling for business
|| || || || || || || || || || ||
An injury on a mechanic working on his own car during his lunch
|| || || || || || || || || || || ||
The Other States section of the workers compensation policy shows?
|| || || || || || || || ||
Only the states listed in the policy
|| || || || || ||
Monopolistic states and Competitive states || || || ||
48 states
||
All 50 states
|| ||
Only the states listed in the policy
|| || || || || ||
An employee is injured while riding in a company owned vehicle and being driven by a
|| || || || || || || || || || || || || || || ||
fellow employee. What policy pays for the injuries?
|| || || || || || ||
Commercial General Liability || ||
Workers Compensation ||
Commercial Auto Liability || ||
,Personal Auto Medical || ||
Workers Compensation ||
Workers’ Compensation must be provided when the employer reserves all of the following
|| || || || || || || || || || || || ||
rights, EXCEPT ___________. || ||
Control when employees are paid || || || ||
Direct the way work will be completed
|| || || || || ||
Determine the work hours || || ||
Reduce employee work hours to part-time status|| || || || || ||
Reduce employee work hours to part-time status|| || || || || ||
In the CGL policy the claims made form pays for damages all the following ways, EXCEPT?
|| || || || || || || || || || || || || || ||
A claim cannot be made for losses before a retroactive date
|| || || || || || || || || ||
Claims made provides coverage back to a retroactive date
|| || || || || || || ||
If bodily injury or property damage occurs the claim should be filed immediately
|| || || || || || || || || || || ||
A claimant can file a claim at any time even after the policy terminates
|| || || || || || || || || || || || ||
A claimant can file a claim at any time even after the policy terminates
|| || || || || || || || || || || || ||
All of the following about Products Exposure Liability Coverage are correct, EXCEPT?
|| || || || || || || || || || ||
Coverage applies to property damage the product causes || || || || || || ||
Damage to the product itself is covered || || || || || ||
Coverage applies to bodily injury the product causes || || || || || || ||
Coverage applies to bodily injury occurring away from premises the insured owns or rents
|| || || || || || || || || || || || ||
Damage to the product itself is covered || || || || || ||
Which of the following statements will be used to accurately explain Completed Operations
|| || || || || || || || || || || || ||
Coverage of the Commercial General Liability policy? || || || || || ||
Bodily injury arising from negligent or faulty work of the insured is not covered if it occurs
|| || || || || || || || || || || || || || || || ||
after the work is completed and turned over to its owner
|| || || || || || || || || ||
If faulty work, negligently performed, causes damage to other property of the claimant, then
|| || || || || || || || || || || || ||
coverage extends to include the faulty work
|| || || || || || ||
, Coverage applies only during the period that the insured has custody and control of the
|| || || || || || || || || || || || || || ||
work deemed faulty or inadequately performed
|| || || || ||
The coverage will pay for bodily injury and/or property damage caused by negligent or
|| || || || || || || || || || || || || ||
faulty work by the insured, but will not pay for the cost of replacing the work that caused
|| || || || || || || || || || || || || || || || || ||
the loss ||
The coverage will pay for bodily injury and/or property damage caused by negligent or
|| || || || || || || || || || || || || ||
faulty work by the insured, but will not pay for the cost of replacing the work that caused
|| || || || || || || || || || || || || || || || || ||
the loss ||
A commercial liability policy with $300,000 aggregate coverage has losses of $15,000 liability
|| || || || || || || || || || || ||
for bodily injury, $6,000 liability for personal injury and $4,800 lawyers’ fees and court
|| || || || || || || || || || || || || || ||
costs. How much did the commercial general liability policy pay?
|| || || || || || || || ||
1
$10,800
$25,800
$15,000
$21,000
$25,800
A client is hurt when he fell entering an insured’s business. Where is this covered in the
|| || || || || || || || || || || || || || || || ||
CGL policy? ||
Operations
Property damage ||
Named insured ||
Premises
Premises
Slander would be covered where in a commercial general liability policy?
|| || || || || || || || || ||
Contingent
Operations
Premises
