MISSOURI Property and Casualty Exam| New edi on|
Updated RATED A+ | 2026
Which of the following personal auto coverages would pay for the insured's travel expenses and
loss of earnings while involved in the se lement process of a covered loss?
Liability coverage
What are the two types of compensatory damages?
Special and general
Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred
by an insured to protect damaged property from further loss, or defense expenses?
Addi!onal coverage
Which of the following policies will help an auto dealership cover most of its liability exposures?
A garage liability coverage
Under the commercial property coverage program, the basic causes of loss form insures against
loss caused by...
Sprinkler leakage
The businessowners policy liability coverage will pay for necessary medical expenses of others
incurred within what max !me period?
1 year
The insured with a claims-made commercial general liability (CGL) policy may request in wri!ng
claim and occurrence informa!on from the insurer at any !me up to 60 days a.er the policy
period ends. The insurer must provide the informa!on...
Within 45 days
In the personal auto policy, owned trailers being towed by an insured auto are automa!cally
covered for
Uninsured motorist coverage, bodily injury, and property damage
A basic dwelling policy automa!cally provides coverage against fire, lightning, and
Internal explosion
, Payment for medical expenses, loss of wages, funeral expenses, or the cost to repair or replace
damaged property are known as what type of compensatory damages?
Special
What term includes damage where the insured peril was the proximate cause of loss?
Direct loss
In liability insurance policies, supplementary payments are made
In addi!on to the limit of liability
According to businessowners policy Sec!on I, which of the following is NOT a condi!on to be
met for the terms of the policy to apply to mortgageholders?
The mortgageholder must pe!!on the state department of insurance for named status
All of the following are supplemental payments found in liability policies EXCEPT
Costs the insured incurred in hiring an a orney
Which of the following would NOT qualify as a hired auto?
An auto borrowed from an employee
Coverage A - Bodily Injury and Property Damage in the CGL policy will cover
Losses due to the insured's negligence
Which method of loss valua!on is contrary to the basic concept of indemnity?
Replacement cost
Which of the following is true regarding the fire department service charge under the builders
risk form?
It is an addi!onal coverage
What is the coinsurance requirement for a theatrical property floater under an Inland Marine
policy?
80%
A building insured with commercial property insurance has been vacant 90 days. Which of the
following is NOT true?
Payment for unnamed perils is reduced by 25%
Updated RATED A+ | 2026
Which of the following personal auto coverages would pay for the insured's travel expenses and
loss of earnings while involved in the se lement process of a covered loss?
Liability coverage
What are the two types of compensatory damages?
Special and general
Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred
by an insured to protect damaged property from further loss, or defense expenses?
Addi!onal coverage
Which of the following policies will help an auto dealership cover most of its liability exposures?
A garage liability coverage
Under the commercial property coverage program, the basic causes of loss form insures against
loss caused by...
Sprinkler leakage
The businessowners policy liability coverage will pay for necessary medical expenses of others
incurred within what max !me period?
1 year
The insured with a claims-made commercial general liability (CGL) policy may request in wri!ng
claim and occurrence informa!on from the insurer at any !me up to 60 days a.er the policy
period ends. The insurer must provide the informa!on...
Within 45 days
In the personal auto policy, owned trailers being towed by an insured auto are automa!cally
covered for
Uninsured motorist coverage, bodily injury, and property damage
A basic dwelling policy automa!cally provides coverage against fire, lightning, and
Internal explosion
, Payment for medical expenses, loss of wages, funeral expenses, or the cost to repair or replace
damaged property are known as what type of compensatory damages?
Special
What term includes damage where the insured peril was the proximate cause of loss?
Direct loss
In liability insurance policies, supplementary payments are made
In addi!on to the limit of liability
According to businessowners policy Sec!on I, which of the following is NOT a condi!on to be
met for the terms of the policy to apply to mortgageholders?
The mortgageholder must pe!!on the state department of insurance for named status
All of the following are supplemental payments found in liability policies EXCEPT
Costs the insured incurred in hiring an a orney
Which of the following would NOT qualify as a hired auto?
An auto borrowed from an employee
Coverage A - Bodily Injury and Property Damage in the CGL policy will cover
Losses due to the insured's negligence
Which method of loss valua!on is contrary to the basic concept of indemnity?
Replacement cost
Which of the following is true regarding the fire department service charge under the builders
risk form?
It is an addi!onal coverage
What is the coinsurance requirement for a theatrical property floater under an Inland Marine
policy?
80%
A building insured with commercial property insurance has been vacant 90 days. Which of the
following is NOT true?
Payment for unnamed perils is reduced by 25%
