VA P&C LATEST EXAM PREP
QUESTIONS AND ANSWERS PDF 2026
▶ All of the following are true regarding Ocean Marine Insurance, except:
A
Rates for ocean marine insurance are strictly regulated
B
There is no standard Ocean Marine Form
C
Cargo coverage is generally written on a valued basis
D
Breach of certain implied warranties may cause the contract to become
void. Answer: Rates for ocean marine insurance are strictly regulated
▶ The Scheduled Articles Floater provides which of the following
coverages to described property?
A
Blanket coverage
B
Open Perils
C
Named Perils
D
Replacement cost. Answer: Open Perils
▶ All of the following are true about extended reporting periods, except:
A
Under the supplemental tail, the insured must request coverage within 60
days after the end of the policy term
B
The basic extended reporting period allows a claim to be reported after the
policy period for a specified number of days
C
The supplemental tail requires an annual premium
, D
The basic extended reporting period does not increase the policy limits.
Answer: The supplemental tail requires an annual premium
▶ A licensed agent who is convicted of a felony must report the conviction
to the Bureau within what time frame?
A
10 days
B
60 days
C
Only certain felonies need to be reported
D
30 days. Answer: 30 days
▶ Which of the following work-related injuries might not be covered by
Workers' Compensation insurance?
A
An employee suffers a second injury in the same year
B
An employee is injured when a fellow employee pushes them into heavy
machinery
C
An employee is injured despite the extensive safety measures taken by the
employer
D
An employee from accounting is injured while assisting an assembly line
worker. Answer: An employee from accounting is injured while assisting an
assembly line worker
▶ Which of the following is not eligible for coverage under a Personal Auto
policy?
A
A trailer being used as a farm wagon
B
A van that is used to haul gardening supplies for personal use
C
A 9-passenger station wagon
QUESTIONS AND ANSWERS PDF 2026
▶ All of the following are true regarding Ocean Marine Insurance, except:
A
Rates for ocean marine insurance are strictly regulated
B
There is no standard Ocean Marine Form
C
Cargo coverage is generally written on a valued basis
D
Breach of certain implied warranties may cause the contract to become
void. Answer: Rates for ocean marine insurance are strictly regulated
▶ The Scheduled Articles Floater provides which of the following
coverages to described property?
A
Blanket coverage
B
Open Perils
C
Named Perils
D
Replacement cost. Answer: Open Perils
▶ All of the following are true about extended reporting periods, except:
A
Under the supplemental tail, the insured must request coverage within 60
days after the end of the policy term
B
The basic extended reporting period allows a claim to be reported after the
policy period for a specified number of days
C
The supplemental tail requires an annual premium
, D
The basic extended reporting period does not increase the policy limits.
Answer: The supplemental tail requires an annual premium
▶ A licensed agent who is convicted of a felony must report the conviction
to the Bureau within what time frame?
A
10 days
B
60 days
C
Only certain felonies need to be reported
D
30 days. Answer: 30 days
▶ Which of the following work-related injuries might not be covered by
Workers' Compensation insurance?
A
An employee suffers a second injury in the same year
B
An employee is injured when a fellow employee pushes them into heavy
machinery
C
An employee is injured despite the extensive safety measures taken by the
employer
D
An employee from accounting is injured while assisting an assembly line
worker. Answer: An employee from accounting is injured while assisting an
assembly line worker
▶ Which of the following is not eligible for coverage under a Personal Auto
policy?
A
A trailer being used as a farm wagon
B
A van that is used to haul gardening supplies for personal use
C
A 9-passenger station wagon
