Texas Property and Casualty Insurance Policies (State
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Test) questions with precise detailed solutions
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The businessowners policy liability coverage will pay for necessary medical expenses of
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others within what maximum time period? - ✔✔1 Year
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Which of the following covers a carrier for liability for loss to cargo while it is being
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transported in a truck? - ✔✔Moto truck cargo policy- truckers form || || || || || || || || || ||
In which of the following types of property valuation will the policy pay the full value
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specified on the policy schedule, regardless of the insured property's appreciation or
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depreciation? - ✔✔Agreed Value || || ||
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains
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a seasonal increase provision that automatically increases the limit of insurance for
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business personal property by - ✔✔25% || || || || ||
In which type of commercial crime policy coverage is triggered by a loss that happens
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during the policy period but is not necessarily discovered during the policy period? -
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✔✔Loss sustained form || ||
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost
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property, it must inform the insured within how many days of receiving proof of loss? -
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✔✔30 Days ||
Under a dwelling policy, which of the following is NOT a factor in determining a loss? -
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✔✔The amount negotiated by the insured
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Test) questions with precise detailed solutions
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The businessowners policy liability coverage will pay for necessary medical expenses of
|| || || || || || || || || || || ||
others within what maximum time period? - ✔✔1 Year
|| || || || || || || ||
Which of the following covers a carrier for liability for loss to cargo while it is being
|| || || || || || || || || || || || || || || || ||
transported in a truck? - ✔✔Moto truck cargo policy- truckers form || || || || || || || || || ||
In which of the following types of property valuation will the policy pay the full value
|| || || || || || || || || || || || || || || ||
specified on the policy schedule, regardless of the insured property's appreciation or
|| || || || || || || || || || || ||
depreciation? - ✔✔Agreed Value || || ||
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains
|| || || || || || || || || || || || || ||
a seasonal increase provision that automatically increases the limit of insurance for
|| || || || || || || || || || || ||
business personal property by - ✔✔25% || || || || ||
In which type of commercial crime policy coverage is triggered by a loss that happens
|| || || || || || || || || || || || || || ||
during the policy period but is not necessarily discovered during the policy period? -
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✔✔Loss sustained form || ||
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost
|| || || || || || || || || || || || || || ||
property, it must inform the insured within how many days of receiving proof of loss? -
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✔✔30 Days ||
Under a dwelling policy, which of the following is NOT a factor in determining a loss? -
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✔✔The amount negotiated by the insured
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