1|Page
Texas Property and Casualty Exam & Study Guide ||
Most Recent Exam Actual Complete Real Verified
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Brand New Exam!!!
a _______ is a substantial truth. in insurance, statements
of the applicant/policyowner are _______ - true to the best
of their knowledge - Answer-representation
______ is an omission of a material fact. - Answer-
concealment
the insurer has the right to sue a negligent third party for
damages paid to an insured under the concept of ______ -
Answer-subrogation
four parts of a policy - Answer-DICE (declarations, insuring
agreement, conditions, and exclusions)
the ______ list the named insured, policy limits, and
premium and policy period - Answer-declarations
,2|Page
the ____ __ ____ are found on the declaration page of the
policy - Answer-limits of liability
the _______ _______ describes the coverages provided -
Answer-insuring agreement
the _______ list the obligations of both parties, the insurer
and the insured - Answer-conditions
the ______ list the perils that are not covered - Answer-
exclusions
If the Insurer and the Insured disagree that the liability
policy does or does not provide coverage, the claim will go
to _____ - Answer-arbitration
in _____ each party pays for one and a half persons
involved - Answer-arbitration
in arbitration there are _____ arbitrators - Answer-three
,3|Page
the cancellation provisions are found in the ________
section of the policy - Answer-conditions
the insured must promptly tell the insurer about a ______ -
Answer-claim
the other insurance clause is also known as the ____-
____ _____ _______ - Answer-pro-rata liability clause
_____-____ does not mean equal, it is proportionate -
Answer-pro-rata
the _____ _____ _____ act protects consumers against
the circulation of inaccurate or obsolete personal or
financial information. - Answer-fair credit reporting act
the ____-____-____ act requires that a customer be given
out a privacy notice at the time the customer relationship
is initially established and thereafter annually. - Answer-
gramm-leach-bliley act
the ____ ____ insurance act applies to commercial
policies only - Answer-terrorism risk insurance act (TRIA)
, 4|Page
the main difference between the various _____ _____
forms is the property perils insured against - Answer-
dwelling policy (DP)
DP policies do not cover personal liability, although it can
be added by adding an endorsement known as a _____
______ ______ for an additional premium charge -
Answer-personal liability supplement
DP policies contain general exclusions for damage due to
war, nuclear hazard, and flood but not _____ - Answer-
wind
on a dwelling policy, other structures coverage will apply to
a structure rented out as a _____ _____ - Answer-private
garage
DP policies do not cover _______ of ______ after 60 days
of vacancy - Answer-breakage of glass
DP policies do not cover _____ of _____ unless the heat
was left on - Answer-freezing of plumbing
Texas Property and Casualty Exam & Study Guide ||
Most Recent Exam Actual Complete Real Verified
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Brand New Exam!!!
a _______ is a substantial truth. in insurance, statements
of the applicant/policyowner are _______ - true to the best
of their knowledge - Answer-representation
______ is an omission of a material fact. - Answer-
concealment
the insurer has the right to sue a negligent third party for
damages paid to an insured under the concept of ______ -
Answer-subrogation
four parts of a policy - Answer-DICE (declarations, insuring
agreement, conditions, and exclusions)
the ______ list the named insured, policy limits, and
premium and policy period - Answer-declarations
,2|Page
the ____ __ ____ are found on the declaration page of the
policy - Answer-limits of liability
the _______ _______ describes the coverages provided -
Answer-insuring agreement
the _______ list the obligations of both parties, the insurer
and the insured - Answer-conditions
the ______ list the perils that are not covered - Answer-
exclusions
If the Insurer and the Insured disagree that the liability
policy does or does not provide coverage, the claim will go
to _____ - Answer-arbitration
in _____ each party pays for one and a half persons
involved - Answer-arbitration
in arbitration there are _____ arbitrators - Answer-three
,3|Page
the cancellation provisions are found in the ________
section of the policy - Answer-conditions
the insured must promptly tell the insurer about a ______ -
Answer-claim
the other insurance clause is also known as the ____-
____ _____ _______ - Answer-pro-rata liability clause
_____-____ does not mean equal, it is proportionate -
Answer-pro-rata
the _____ _____ _____ act protects consumers against
the circulation of inaccurate or obsolete personal or
financial information. - Answer-fair credit reporting act
the ____-____-____ act requires that a customer be given
out a privacy notice at the time the customer relationship
is initially established and thereafter annually. - Answer-
gramm-leach-bliley act
the ____ ____ insurance act applies to commercial
policies only - Answer-terrorism risk insurance act (TRIA)
, 4|Page
the main difference between the various _____ _____
forms is the property perils insured against - Answer-
dwelling policy (DP)
DP policies do not cover personal liability, although it can
be added by adding an endorsement known as a _____
______ ______ for an additional premium charge -
Answer-personal liability supplement
DP policies contain general exclusions for damage due to
war, nuclear hazard, and flood but not _____ - Answer-
wind
on a dwelling policy, other structures coverage will apply to
a structure rented out as a _____ _____ - Answer-private
garage
DP policies do not cover _______ of ______ after 60 days
of vacancy - Answer-breakage of glass
DP policies do not cover _____ of _____ unless the heat
was left on - Answer-freezing of plumbing
