Property/Casualty Illinois for State Exam | Certified
Questions || Most Recent Exam 2026-2027 Actual
Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Brand New Exam
| Just Released!!
how long to request hearing if suspension, revocation, or
denial? – ANSWER-applicant has 30 days to request hearing,
hearing will happen in 20-30 days
is automatic increase in insurance included in DP? - ANSWER-
NO but it can be
endorsed
is there off premises coverage for newly acquired residences in
DP? – ANSWER-NO, but on premises limit will apply
automatically for 30 days and while property is in transit
Are maids/butlers covered under HO? - ANSWER-YES!
They are resident
employees
,what's not covered: financial monies/documents, animals,
aircrafts not for hobby, hovercrafts, watercraft besides rowboats
and canoes, motor vehicles not for premise or handicapped,
cost to restore data, financial devices like cards, water or steam,
graves/mausoleums
coverage D and E DP - ANSWER-D- Fair
rental value
E- additional living
expense
since D and E cover indirect damages, A,B, or C have to be
written first
which coverages belong to the Dwelling Policies? - ANSWER-
Coverages A-D belong to all 3, Coverage E isn't included in the
basic form but can be endorsed
other coverages extended from A, B, C, D, E DP - ANSWER-
these are all
included in the premium
charge
-worldwide coverage: 10% of C
-Fair rental value/ additional living: 20% of A
-ordinance/law: 10% of A
-plants: $500 per, 5% of A
,-property removed: basic covers for 5 days, special/broad
covers for 30 days
Cancellation and Nonrenewal (DP) - ANSWER-10 days advance
if canceled for
nonpayment of premium or other reason
within 60 days
30 days if insurer decides not to renew after 60 days
What are the eligibility requirements for a dwelling property
policy? - ANSWER-
the dwelling policy insure just the dwelling, only its
contents, or both
what are the designated coverages for 25/50/25? - ANSWER-
25 - injury of a
single
person
50- bodily injury for 2 or more
people
25 - damage to property of
others
this is a split limit
What if the Director finds no corrective action was taken in a
business entity? -
, ANSWER-knowingly violating, subject to civil penalty up to
10,000 for each
violation max
100,000
how long until you can apply if license is revoked? - ANSWER-3
years
Producer Regulation - ANSWER-an insurance producer
that knowing
misappropriates or illegally
witholds funds
first time 150 or less = Class A
misdemeanor
subsequent offenses = Class
4 felony
more than 150 = Class 3
felony
licensees holding premiums for 15 days should... - ANSWER-set
up a PFTA
THEY CAN HOLD PREMIUMS FOR 90 DAYS MAX
Books and records - ANSWER-must be posted every 30 days
and kept for 7
years
Questions || Most Recent Exam 2026-2027 Actual
Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Brand New Exam
| Just Released!!
how long to request hearing if suspension, revocation, or
denial? – ANSWER-applicant has 30 days to request hearing,
hearing will happen in 20-30 days
is automatic increase in insurance included in DP? - ANSWER-
NO but it can be
endorsed
is there off premises coverage for newly acquired residences in
DP? – ANSWER-NO, but on premises limit will apply
automatically for 30 days and while property is in transit
Are maids/butlers covered under HO? - ANSWER-YES!
They are resident
employees
,what's not covered: financial monies/documents, animals,
aircrafts not for hobby, hovercrafts, watercraft besides rowboats
and canoes, motor vehicles not for premise or handicapped,
cost to restore data, financial devices like cards, water or steam,
graves/mausoleums
coverage D and E DP - ANSWER-D- Fair
rental value
E- additional living
expense
since D and E cover indirect damages, A,B, or C have to be
written first
which coverages belong to the Dwelling Policies? - ANSWER-
Coverages A-D belong to all 3, Coverage E isn't included in the
basic form but can be endorsed
other coverages extended from A, B, C, D, E DP - ANSWER-
these are all
included in the premium
charge
-worldwide coverage: 10% of C
-Fair rental value/ additional living: 20% of A
-ordinance/law: 10% of A
-plants: $500 per, 5% of A
,-property removed: basic covers for 5 days, special/broad
covers for 30 days
Cancellation and Nonrenewal (DP) - ANSWER-10 days advance
if canceled for
nonpayment of premium or other reason
within 60 days
30 days if insurer decides not to renew after 60 days
What are the eligibility requirements for a dwelling property
policy? - ANSWER-
the dwelling policy insure just the dwelling, only its
contents, or both
what are the designated coverages for 25/50/25? - ANSWER-
25 - injury of a
single
person
50- bodily injury for 2 or more
people
25 - damage to property of
others
this is a split limit
What if the Director finds no corrective action was taken in a
business entity? -
, ANSWER-knowingly violating, subject to civil penalty up to
10,000 for each
violation max
100,000
how long until you can apply if license is revoked? - ANSWER-3
years
Producer Regulation - ANSWER-an insurance producer
that knowing
misappropriates or illegally
witholds funds
first time 150 or less = Class A
misdemeanor
subsequent offenses = Class
4 felony
more than 150 = Class 3
felony
licensees holding premiums for 15 days should... - ANSWER-set
up a PFTA
THEY CAN HOLD PREMIUMS FOR 90 DAYS MAX
Books and records - ANSWER-must be posted every 30 days
and kept for 7
years
