Texas Property & Casualty Insurance, Insurance
Exam | Questions with 100% Correct Answers |
Verified | Latest Update 2026
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Terms in this set (481)
Which part of an insurance policy Conditions
describes the responsibilities and
obligations of both the insurance
company and the insured under the
policy?
The limits of liability are found in Declarations
which of the following sections of a
casualty policy?
The _____ page in an insurance Declarations
contract contains information about
the risk, the effective date of
coverage, deductible, premium
amounts, coinsurance percentage,
and location of the insured property.
The insured is looking for the amount declarations
of coverage in a property and
casualty policy. This information
would be found in the ______.
,The coverages offered by an insuring agreement
insurance policy are described in the
____.
The purpose of the conditions obligations
section of an insurance policy is to
list the ____ of the insured and the
insurance company.
The list of perils covered under a Insuring agreement
policy is found in which part of the
policy?
The Declarations page consists of 5 premium
P's. Person or property, policy
number, policy term, policy limit and
____.
The Insuring agreement describes perils
coverage provided and which ____ are
covered.
Lost rent is covered by _____. Limited Coverage D
by 20% of coverage A.
Under which of the dwelling forms DP-2 and DP-3
may the insured be reimbursed for
the replacement cost of a dwelling
when it is destroyed?
, The insured has a DP-3 covering a $9000
home that has a replacement value
of $100,000. The insured carries
$60,000 of insurance. Following a
loss, it is determined that it would
cost $12,000 to replace the damaged
portion of the home. How much
could the insured collect, assuming
the ACV of the loss is $6,000?
Damage to covered property DP2 and DP3
caused by glass breakage is covered
in ___.
Which dwelling forms pay losses to DP1
dwellings and other structures on an
actual cash value basis?
Which dwelling forms pay losses to DP1, DP2 and DP3
personal property on an actual cash
value basis?
Would an earthquake that causes a yes
fire that destroys an insured's home
be covered by a DP1?
A dwelling policy with no medical payments coverage
endorsements attached contains
personal property coverage,
dwelling coverage and _____.
Exam | Questions with 100% Correct Answers |
Verified | Latest Update 2026
Save
Terms in this set (481)
Which part of an insurance policy Conditions
describes the responsibilities and
obligations of both the insurance
company and the insured under the
policy?
The limits of liability are found in Declarations
which of the following sections of a
casualty policy?
The _____ page in an insurance Declarations
contract contains information about
the risk, the effective date of
coverage, deductible, premium
amounts, coinsurance percentage,
and location of the insured property.
The insured is looking for the amount declarations
of coverage in a property and
casualty policy. This information
would be found in the ______.
,The coverages offered by an insuring agreement
insurance policy are described in the
____.
The purpose of the conditions obligations
section of an insurance policy is to
list the ____ of the insured and the
insurance company.
The list of perils covered under a Insuring agreement
policy is found in which part of the
policy?
The Declarations page consists of 5 premium
P's. Person or property, policy
number, policy term, policy limit and
____.
The Insuring agreement describes perils
coverage provided and which ____ are
covered.
Lost rent is covered by _____. Limited Coverage D
by 20% of coverage A.
Under which of the dwelling forms DP-2 and DP-3
may the insured be reimbursed for
the replacement cost of a dwelling
when it is destroyed?
, The insured has a DP-3 covering a $9000
home that has a replacement value
of $100,000. The insured carries
$60,000 of insurance. Following a
loss, it is determined that it would
cost $12,000 to replace the damaged
portion of the home. How much
could the insured collect, assuming
the ACV of the loss is $6,000?
Damage to covered property DP2 and DP3
caused by glass breakage is covered
in ___.
Which dwelling forms pay losses to DP1
dwellings and other structures on an
actual cash value basis?
Which dwelling forms pay losses to DP1, DP2 and DP3
personal property on an actual cash
value basis?
Would an earthquake that causes a yes
fire that destroys an insured's home
be covered by a DP1?
A dwelling policy with no medical payments coverage
endorsements attached contains
personal property coverage,
dwelling coverage and _____.
