Georgia Property & Casualty Insurance Licensing
Final Exam (Latest 2026/2027 Update) |
Questions & Answers | 100% Correct
Q: Which coverage applies under an Ocean Marine policy when cargo is jettisoned to save the
ship?
Answer
general average
Q: Each of the following is an example of theft EXCEPT:
Answer
mysterious disappearance.
Q: The Boiler policy covers:
Answer
sudden and accidental breakdown
Q: Claims arising from failure to meet the expected standard of care are covered by:
Answer
professional liability
,Q: A car is destroyed by a hurricane. This is:
Answer
an accident
Q: Auto med pay:
Answer
pays medical and funeral expenses for the Insured and any passengers in the Insured's auto
Q: Which policy is purchased by a business to cover completed operations and products
liability?
Answer
Answer
Commercial liability
Q: A CGL provides liability coverage for:
Answer
A person whose reputation is harmed by the insured's innocent dissemination of information.
Q: Under a Business Income policy, the period of restoration ends when:
Answer
the project should have been completed with reasonable speed and quality.
, Q: A Mobile Home policy covers a detached garage:
Answer
to 10% of A (with at least $2,000 coverage)
Q: The Insured has a home worth $150,000. The earthquake policy on the home has a limit of
$100,000. The deductible on the Earthquake Policy is 5%. If an earthquake damages the home,
the deductible for the incident will be:
Answer
$5,000
Q: A, B and C as partners own a business. They have a CGL providing a $100,000 occurrence
limit. An injured customer sued after an accident and obtained three judgments; one against A for
$50,000, a second against B for $50,000 and a third against C for $50,000. The CGL will pay:
Answer
$100,000.
Q: Molly's state requires 25/50/10 auto liability insurance. Molly is involved in an accident
with an at-fault driver who only has 15/30/5 coverage. Molly is protected by her:
Answer
uninsured motorist
Final Exam (Latest 2026/2027 Update) |
Questions & Answers | 100% Correct
Q: Which coverage applies under an Ocean Marine policy when cargo is jettisoned to save the
ship?
Answer
general average
Q: Each of the following is an example of theft EXCEPT:
Answer
mysterious disappearance.
Q: The Boiler policy covers:
Answer
sudden and accidental breakdown
Q: Claims arising from failure to meet the expected standard of care are covered by:
Answer
professional liability
,Q: A car is destroyed by a hurricane. This is:
Answer
an accident
Q: Auto med pay:
Answer
pays medical and funeral expenses for the Insured and any passengers in the Insured's auto
Q: Which policy is purchased by a business to cover completed operations and products
liability?
Answer
Answer
Commercial liability
Q: A CGL provides liability coverage for:
Answer
A person whose reputation is harmed by the insured's innocent dissemination of information.
Q: Under a Business Income policy, the period of restoration ends when:
Answer
the project should have been completed with reasonable speed and quality.
, Q: A Mobile Home policy covers a detached garage:
Answer
to 10% of A (with at least $2,000 coverage)
Q: The Insured has a home worth $150,000. The earthquake policy on the home has a limit of
$100,000. The deductible on the Earthquake Policy is 5%. If an earthquake damages the home,
the deductible for the incident will be:
Answer
$5,000
Q: A, B and C as partners own a business. They have a CGL providing a $100,000 occurrence
limit. An injured customer sued after an accident and obtained three judgments; one against A for
$50,000, a second against B for $50,000 and a third against C for $50,000. The CGL will pay:
Answer
$100,000.
Q: Molly's state requires 25/50/10 auto liability insurance. Molly is involved in an accident
with an at-fault driver who only has 15/30/5 coverage. Molly is protected by her:
Answer
uninsured motorist
