Texas Property and Casualty Exam Prep
Questions With Correct Answers
Under a Personal Auto policy, which of the following will be paid by
| | | | | | | | | | | | |
supplementary payments provided by Part A? | | | | |
A
A $250 bail bond
| | |
B
A judgment against the insured for damages related to a third party's bodily
| | | | | | | | | | | | |
injury
C
Medical expenses when the insured's daughter is injured in an auto accident
| | | | | | | | | | |
D
$1,000 for loss of earnings when the insured is disabled - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
A, A $250 bail bond
| | | |
What is the term for continuous exposure to the same harmful conditions?
| | | | | | | | | | |
A
Proximate cause |
B
Risk
C
Accident
,D
Occurrence - CORRECT ANSWER✔✔-D, Occurrence
| | | |
Under a Boatowners policy, which of the following is correct about the
| | | | | | | | | | | |
deductible?
A
Watercraft policies do not have a deductible
| | | | | |
B
The policy's deductible applies per occurrence
| | | | |
C
The deductible only applies to liability claims
| | | | | |
D
The policy includes one deductible for collision losses and another deductible for
| | | | | | | | | | | |
other than collision losses - CORRECT ANSWER✔✔-B, The policy's deductible
| | | | | | | | | |
applies per occurrence
| |
Under the Building and Personal Property Coverage Form, what limit of insurance
| | | | | | | | | | |
|applies when coverage is extended to cover business personal property
| | | | | | | | | |
temporarily away from the premises? | | | |
A
$15,000
B
$5,000
C
,$10,000
D
$2,500 - CORRECT ANSWER✔✔-C, $10,000
| | | |
If an insured submits a fraudulent claim, the insurer may:
| | | | | | | | |
A
Void the policy from the beginning
| | | | |
B
Cancel the policy with 10 days' notice and retain the unearned premium
| | | | | | | | | | |
C
Cancel the policy immediately
| | |
D
Refuse to renew the policy at the expiration of the policy period - CORRECT
| | | | | | | | | | | | | |
ANSWER✔✔-A, Void the policy from the beginning | | | | | |
Part Six - Conditions of a Workers' Compensation and Employers Liability policy
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includes which of the following?
| | | |
A
The supplementary coverages
| |
B
Name, address, and type of business of the insured
| | | | | | | |
C
, The list of states where coverage applies
| | | | | |
D
The cancellation provision - CORRECT ANSWER✔✔-D, The cancellation provision
| | | | | | | |
After an earthquake damages an insured's property, an Earthquake policy would
| | | | | | | | | | |
provide coverage for which of the following losses?
| | | | | | |
A
Loss to the insured's vehicles
| | | |
B
Loss to retaining walls
| | |
C
Loss to awnings and outdoor antennas
| | | | |
D
Loss to furniture inside a structure held for rent - CORRECT ANSWER✔✔-D, Loss
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to furniture inside a structure held for rent
| | | | | | |
Which of the following cannot be used to show proof of financial responsibility to
| | | | | | | | | | | | |
operate a motor vehicle in Texas?
| | | | | |
A
Surety bond |
B
Certificate of self-insurance | |
Questions With Correct Answers
Under a Personal Auto policy, which of the following will be paid by
| | | | | | | | | | | | |
supplementary payments provided by Part A? | | | | |
A
A $250 bail bond
| | |
B
A judgment against the insured for damages related to a third party's bodily
| | | | | | | | | | | | |
injury
C
Medical expenses when the insured's daughter is injured in an auto accident
| | | | | | | | | | |
D
$1,000 for loss of earnings when the insured is disabled - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
A, A $250 bail bond
| | | |
What is the term for continuous exposure to the same harmful conditions?
| | | | | | | | | | |
A
Proximate cause |
B
Risk
C
Accident
,D
Occurrence - CORRECT ANSWER✔✔-D, Occurrence
| | | |
Under a Boatowners policy, which of the following is correct about the
| | | | | | | | | | | |
deductible?
A
Watercraft policies do not have a deductible
| | | | | |
B
The policy's deductible applies per occurrence
| | | | |
C
The deductible only applies to liability claims
| | | | | |
D
The policy includes one deductible for collision losses and another deductible for
| | | | | | | | | | | |
other than collision losses - CORRECT ANSWER✔✔-B, The policy's deductible
| | | | | | | | | |
applies per occurrence
| |
Under the Building and Personal Property Coverage Form, what limit of insurance
| | | | | | | | | | |
|applies when coverage is extended to cover business personal property
| | | | | | | | | |
temporarily away from the premises? | | | |
A
$15,000
B
$5,000
C
,$10,000
D
$2,500 - CORRECT ANSWER✔✔-C, $10,000
| | | |
If an insured submits a fraudulent claim, the insurer may:
| | | | | | | | |
A
Void the policy from the beginning
| | | | |
B
Cancel the policy with 10 days' notice and retain the unearned premium
| | | | | | | | | | |
C
Cancel the policy immediately
| | |
D
Refuse to renew the policy at the expiration of the policy period - CORRECT
| | | | | | | | | | | | | |
ANSWER✔✔-A, Void the policy from the beginning | | | | | |
Part Six - Conditions of a Workers' Compensation and Employers Liability policy
| | | | | | | | | | | |
includes which of the following?
| | | |
A
The supplementary coverages
| |
B
Name, address, and type of business of the insured
| | | | | | | |
C
, The list of states where coverage applies
| | | | | |
D
The cancellation provision - CORRECT ANSWER✔✔-D, The cancellation provision
| | | | | | | |
After an earthquake damages an insured's property, an Earthquake policy would
| | | | | | | | | | |
provide coverage for which of the following losses?
| | | | | | |
A
Loss to the insured's vehicles
| | | |
B
Loss to retaining walls
| | |
C
Loss to awnings and outdoor antennas
| | | | |
D
Loss to furniture inside a structure held for rent - CORRECT ANSWER✔✔-D, Loss
| | | | | | | | | | | | |
to furniture inside a structure held for rent
| | | | | | |
Which of the following cannot be used to show proof of financial responsibility to
| | | | | | | | | | | | |
operate a motor vehicle in Texas?
| | | | | |
A
Surety bond |
B
Certificate of self-insurance | |
