Property & Casualty Final Exam | Questions with
100% Correct Answers | Verified | Latest Update
2026
Save
Terms in this set (112)
Which of the following licensees Insurance service representative
works for a person who is licensed
as a property and casualty agent and
explains coverage, describes
insurance products and quotes
premium rates?
Steven was having lunch with a Defamation
group of agents when he made
some false statements about a
competitor's financial condition in
order to hurt their reputation. In this
case, Steven has committed which of
the following acts?
Which of the following protects Texas Property and Casualty Insurance Guaranty
policyholders and claimants of Association
impaired or insolvent insurers that
cannot pay their claims or benefits?
,Janet has been continuously licensed Neither Steve nor Janet needs to comply with
as an agent in Texas for the past 25 Texas's continuing education requirements
years. Her friend Steven is a
nonresident licensee in Texas and
every year completes his state's
continuing education requirements.
When they ask you for advice on
meeting the Texas continuing
education requirements, you inform
them that:
Which of the following statements Not all risks are transferable via insurance contracts
BEST describes the transfer of risk via
an insurance contract?
Angela cannot obtain a homeowners Fair Housing Plan
insurance policy from a licensed
insurance company in Texas. From
which entity will she likely be able to
obtain coverage?
Kent stated on his application for Misrepresentation
property insurance that the roof of
the building being insured had been
recently replaced. In fact, the
replacement occurred 12 years ago.
Kent made a false statement of a
material fact, which is also known as
a
, The Texas Department of Insurance TDI can withhold any notices to the complaining
receives a written complaint about party until the investigation is completed
an insurer that prompts an
investigation. The Department
uncovers evidence of an elaborate
money-laundering operation and
determines that an undercover
investigation is necessary to obtain
enough evidence to pursue a
conviction of the company's officers.
Which of the following statements is
true?
Alex asks your advice seeking Check the company's financial rating from an
objective information about the established rating organization
financial reliability of an insurance
company from which he is
considering the purchase of
insurance. You might suggest that he
Many large organizations self-insure Risk retention
up to a specific limit but buy
insurance to cover losses beyond
that limit. Setting up a self-insurance
program is an example of which
method of handling risk?
Esther has just bought an expensive Valued policy
painting as an addition to her art
collection.Considering the high price
she paid for it, she wants to be sure
there will be no dispute with the
insurer in the event it is damaged or
stolen. What type of policy would
you recommend Esther purchase?
100% Correct Answers | Verified | Latest Update
2026
Save
Terms in this set (112)
Which of the following licensees Insurance service representative
works for a person who is licensed
as a property and casualty agent and
explains coverage, describes
insurance products and quotes
premium rates?
Steven was having lunch with a Defamation
group of agents when he made
some false statements about a
competitor's financial condition in
order to hurt their reputation. In this
case, Steven has committed which of
the following acts?
Which of the following protects Texas Property and Casualty Insurance Guaranty
policyholders and claimants of Association
impaired or insolvent insurers that
cannot pay their claims or benefits?
,Janet has been continuously licensed Neither Steve nor Janet needs to comply with
as an agent in Texas for the past 25 Texas's continuing education requirements
years. Her friend Steven is a
nonresident licensee in Texas and
every year completes his state's
continuing education requirements.
When they ask you for advice on
meeting the Texas continuing
education requirements, you inform
them that:
Which of the following statements Not all risks are transferable via insurance contracts
BEST describes the transfer of risk via
an insurance contract?
Angela cannot obtain a homeowners Fair Housing Plan
insurance policy from a licensed
insurance company in Texas. From
which entity will she likely be able to
obtain coverage?
Kent stated on his application for Misrepresentation
property insurance that the roof of
the building being insured had been
recently replaced. In fact, the
replacement occurred 12 years ago.
Kent made a false statement of a
material fact, which is also known as
a
, The Texas Department of Insurance TDI can withhold any notices to the complaining
receives a written complaint about party until the investigation is completed
an insurer that prompts an
investigation. The Department
uncovers evidence of an elaborate
money-laundering operation and
determines that an undercover
investigation is necessary to obtain
enough evidence to pursue a
conviction of the company's officers.
Which of the following statements is
true?
Alex asks your advice seeking Check the company's financial rating from an
objective information about the established rating organization
financial reliability of an insurance
company from which he is
considering the purchase of
insurance. You might suggest that he
Many large organizations self-insure Risk retention
up to a specific limit but buy
insurance to cover losses beyond
that limit. Setting up a self-insurance
program is an example of which
method of handling risk?
Esther has just bought an expensive Valued policy
painting as an addition to her art
collection.Considering the high price
she paid for it, she wants to be sure
there will be no dispute with the
insurer in the event it is damaged or
stolen. What type of policy would
you recommend Esther purchase?
