Kentucky Property and Casualty Insurance
License Exam Latest Update 2025-2026 Actual
Exam Questions with 100% Verified Correct
Answers Guaranteed A+ Verified by Professor
According to the standard mortgage clause, who has the right to bring a suit in their own
name to recover damages, pay policy premiums, and submit a proof of loss?
a) insurance company
b) governor
c) policyholder
d) mortgagee - CORRECT ANSWER: Mortgagee
After a storm dumps several inches of snow, an insured spends several hours clearing
his sidewalk and driveway. Later that night it begins to sleet. Before the insured can
clear his walks again, his neighbor slips and falls while walking past the insured's
house, breaking his arm. Which defense will reduce recovery for the neighbor's injury?
a) comparative negligence
b) statute of limitations
c) intervening cause
d) contributory negligence - CORRECT ANSWER: Intervening cause
All of the following actions by a person could be described as a risk avoidance EXCEPT:
a) investing in the stock market
b) refusing to scuba dive
c) never flying in an airplane
d) taking a flu shot each year - CORRECT ANSWER: Investing in the stock market
All of the following are conditions commonly found in the insurance policy EXCEPT:
, a) subrogation
b) appraisal
c) insuring agreement
d) cancellation and nonrenewal - CORRECT ANSWER: Insuring agreement
All of the following are examples of hazards EXCEPT:
a) a fire in the kitchen of a home
b) trash or debris in the basement of a home
c) faulty wiring in a home
d) broken step or hand railing on the porch - CORRECT ANSWER: A fire in the kitchen
of a home
An insurance contract requires that both the insured and the insurer meet certain
conditions in order for the contract to be enforceable. What contract characteristic does
this describe?
a) aleatory
b) unilateral
c) conditional
d) contingent - CORRECT ANSWER: Conditional
An insurer has made all of the decisions regarding provisions included in the insured's
policy. The insured finds and objectionable provision and wants to negotiate it with the
insurer but is not allowed to do so. Her only options are to reject the policy or accept it
as is. Which contract feature does this describe?
a) personal
b) adhesion
c) unilateral
d) conditional - CORRECT ANSWER: Adhesion
License Exam Latest Update 2025-2026 Actual
Exam Questions with 100% Verified Correct
Answers Guaranteed A+ Verified by Professor
According to the standard mortgage clause, who has the right to bring a suit in their own
name to recover damages, pay policy premiums, and submit a proof of loss?
a) insurance company
b) governor
c) policyholder
d) mortgagee - CORRECT ANSWER: Mortgagee
After a storm dumps several inches of snow, an insured spends several hours clearing
his sidewalk and driveway. Later that night it begins to sleet. Before the insured can
clear his walks again, his neighbor slips and falls while walking past the insured's
house, breaking his arm. Which defense will reduce recovery for the neighbor's injury?
a) comparative negligence
b) statute of limitations
c) intervening cause
d) contributory negligence - CORRECT ANSWER: Intervening cause
All of the following actions by a person could be described as a risk avoidance EXCEPT:
a) investing in the stock market
b) refusing to scuba dive
c) never flying in an airplane
d) taking a flu shot each year - CORRECT ANSWER: Investing in the stock market
All of the following are conditions commonly found in the insurance policy EXCEPT:
, a) subrogation
b) appraisal
c) insuring agreement
d) cancellation and nonrenewal - CORRECT ANSWER: Insuring agreement
All of the following are examples of hazards EXCEPT:
a) a fire in the kitchen of a home
b) trash or debris in the basement of a home
c) faulty wiring in a home
d) broken step or hand railing on the porch - CORRECT ANSWER: A fire in the kitchen
of a home
An insurance contract requires that both the insured and the insurer meet certain
conditions in order for the contract to be enforceable. What contract characteristic does
this describe?
a) aleatory
b) unilateral
c) conditional
d) contingent - CORRECT ANSWER: Conditional
An insurer has made all of the decisions regarding provisions included in the insured's
policy. The insured finds and objectionable provision and wants to negotiate it with the
insurer but is not allowed to do so. Her only options are to reject the policy or accept it
as is. Which contract feature does this describe?
a) personal
b) adhesion
c) unilateral
d) conditional - CORRECT ANSWER: Adhesion
