Summary General Lines Property & Casualty (Texas) Exam Questions 2026 and answers

General Lines Property & Casualty (Texas)
Exam Questions 2026 and answers
3 ways to assign rates - CORRECT ANSWERS Judgement, Manual(Class), Experience



External Coverage Perils - CORRECT ANSWERS WCSHAVVER



WCSHAVVER - CORRECT ANSWERS EC Perils

W- wind

C- civil commotion

S- smoke

H- hail

A- aircraft

V- vehicles

V- volcanic eruption

E- explosion

R- riot



Broad Perils - CORRECT ANSWERS Basic Perils + BIG AFFECT



BIG AFFECT - CORRECT ANSWERS Broad Perils

B- burglary damage

I- ice, sleet, snow

G- glass breakage

A- accidental discharge of water

,F- freezing objects

F- falling objects

E- electrical current

C- collapse

T- tearing asunder



Common Exclusions - CORRECT ANSWERS Flood

Earthquake

Intentional Damage

Loses due to enforcement of code

Damage caused by power irruption

Govt. seizure



Special/Open Perils - CORRECT ANSWERS All unless excluded



ACV - CORRECT ANSWERS Actual Cash Value



Types of Construction - CORRECT ANSWERS Class 1 --> Class 6

$$$ --> $



How to calculate ACV - CORRECT ANSWERS RC - depreciation = ACV



RC - CORRECT ANSWERS Replacement Cost



Vacant vs. Unoccupied - CORRECT ANSWERS Vacant = nothing inside

, unoccupied = content but no people



BAILED - CORRECT ANSWERS Liability + BAILED (ALWAYS!)

B- bonds

A- aid

I- interests

L- loss earning

E- expenses

D- defense cost



Homeowners policies - CORRECT ANSWERS HO- 2 (Home)

HO- 3 (Home)

HO- 4 (Renters)

HO- 5 (Home)

HO- 6 (Condo)

HO- 8 (Home)



Section 1 Property - CORRECT ANSWERS Coverages A, B, C, and D



Section 2 Property - CORRECT ANSWERS Coverages E, F



Coverages A, B, C, D - CORRECT ANSWERS Section 1 property

A- dwelling

B- other structure

C- personal property