VA P&C ACTUAL EXAM QUESTIONS
AND COMPLETE STUDY GUIDE 2026
▶ Under the Businessowners policy, if there is other insurance covering the
same loss, how will the policy respond?
A
The Businessowners policy pays 50% of the loss or damage
B
The Businessowners policy will pay its proportional share of the loss or
damage
C
The insurer will pay only for the amount of covered loss or damage in
excess of the amount due from that other insurance
D
The Businessowners policy does not pay if there is other insurance
applicable to the loss or damage. Answer: The insurer will pay only for the
amount of covered loss or damage in excess of the amount due from that
other insurance
▶ Which of the following is considered property not covered under the
Building and Personal Property Coverage Form?
A
Stock
B
Electronic data
C
Furniture
D
Telephone system. Answer: Electronic data
▶ Which statement regarding the Equipment Breakdown Protection
Coverage Form is correct?
A
, Every Equipment Breakdown Protection policy automatically includes
business income and extra expense coverage
B
Every Equipment Breakdown Protection policy automatically includes
coverage for expediting expenses
C
Coverage must be written as a monoline policy
D
Coverage can be written as a coverage part on the Commercial Package
policy. Answer: Coverage can be written as a coverage part on the
Commercial Package policy
▶ Which of the following statements about specialty and professional
liability insurance policies is correct?
A
They provide excess coverage over Commercial General Liability policies
B
They protect businesses with few liability exposures
C
They are written on nonstandard forms
D
Coverage is always provided for bodily injury and property damage liability.
Answer: They are written on nonstandard forms
▶ Disability income benefits provided by Workers' Compensation typically
use a schedule of benefits to determine the compensation owed to a
worker with which type of disability?
A
Temporary total
B
Temporary partial
C
Permanent partial
D
Permanent total. Answer: Permanent partial
▶ Homeowners policies provide liability coverage for the use of all of the
following motor vehicles, except:
AND COMPLETE STUDY GUIDE 2026
▶ Under the Businessowners policy, if there is other insurance covering the
same loss, how will the policy respond?
A
The Businessowners policy pays 50% of the loss or damage
B
The Businessowners policy will pay its proportional share of the loss or
damage
C
The insurer will pay only for the amount of covered loss or damage in
excess of the amount due from that other insurance
D
The Businessowners policy does not pay if there is other insurance
applicable to the loss or damage. Answer: The insurer will pay only for the
amount of covered loss or damage in excess of the amount due from that
other insurance
▶ Which of the following is considered property not covered under the
Building and Personal Property Coverage Form?
A
Stock
B
Electronic data
C
Furniture
D
Telephone system. Answer: Electronic data
▶ Which statement regarding the Equipment Breakdown Protection
Coverage Form is correct?
A
, Every Equipment Breakdown Protection policy automatically includes
business income and extra expense coverage
B
Every Equipment Breakdown Protection policy automatically includes
coverage for expediting expenses
C
Coverage must be written as a monoline policy
D
Coverage can be written as a coverage part on the Commercial Package
policy. Answer: Coverage can be written as a coverage part on the
Commercial Package policy
▶ Which of the following statements about specialty and professional
liability insurance policies is correct?
A
They provide excess coverage over Commercial General Liability policies
B
They protect businesses with few liability exposures
C
They are written on nonstandard forms
D
Coverage is always provided for bodily injury and property damage liability.
Answer: They are written on nonstandard forms
▶ Disability income benefits provided by Workers' Compensation typically
use a schedule of benefits to determine the compensation owed to a
worker with which type of disability?
A
Temporary total
B
Temporary partial
C
Permanent partial
D
Permanent total. Answer: Permanent partial
▶ Homeowners policies provide liability coverage for the use of all of the
following motor vehicles, except:
