PSI PROPERTY AND CASUALTY EXAM /ACTUAL COMPLETE
250 REAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES TOP RATED VERSION
ALREADY A+ GRADED WITH EXPERT FEEDBACK
| 2025/2026 NEW!!{REVISED}
1. An insurance producer may NOT withdraw funds from a
premium trust account to
a. Pay premium to insurance
b. Pay claims to an insured
c. Return deposits to insureds
d. Return premiums to an insured - ANSWER-pay claims to an
insured
1. Which of the following is not covered under
supplementary payment coverage of the liability section
of the personal automobile policy? a. Bail Bonds
b. Post judement interest
c. Rental costs
d. Appeal bonds - ANSWER-c
1. Which type of insurance protection guarantees
protection against legal liability from any risk arising from
,the ownership, maintenance, or use a. Errors and
omission insurance
b. Professional liability
c. Employment related practices liability
d. Commercial general liability - ANSWER-b
1. In PA, what is the minimum amount required for damages for
liability to cover motor vehicles accidents? a. 5K,10K,3K
b. 10K, 20K, 5K
c. 15K, 30K, 5K
d. 25K, 50K, 10K - ANSWER-c
1. Under an equipment breakdown coverage form, a breakdown
would include a. Wear and tear
b. Leakage of valves
c. Explosion of a pressure vessel
d. Failure of a safety device - ANSWER-explosion of a power
vessel. EQUIPMENT BREAKDOWN- sudden and accidental
breakdowns of covered machinery and equipment, which can
include pressure vessels.
1. Which of the following benefits are not paid under
workers comp laws
a. Medical
b. Rehab
,c. Pain and suffering
d. Disability income - ANSWER-c
workers compensation covers the following - ANSWER--
survivor benefits
-death and survivor benefits
-rehabilitation
-medical benefits unlimited
IF THEY ARE IN JAIL NO THEY DONT GET WC
1. What is the effect on a personal automobile policy in
PA, if an insured switches from a $250 deductible for a
$500 deductible a. The physical damage premium is
reduced
b. The physical damge limits are increased
c. There is no deduction for depreciation when losses are
settled
d. The policy no longer satisfies the commonwealths financial
reposibility law - ANSWER-physical damage premium is
reduced
, the builders risk coverage form will not cover which of
the following a. fixtures attached to the completed
structure
b. service equipment
c. roof antenna
D. building material within 100 feet - ANSWER-antenna
A builders risk coverage form provides protection against
losses on the building, equipment, and supplies, but not to
accidents on the job, the land, scaffolding, and theft. The policy
does not cover war, nuclear hazards, extreme weather, or
government seizure.
1. Which of the following is covered under the builders risk
forma. A contractors pick up truck
b. A contactors tools
c. A sig on the property advertising a contractors work
d. Lumber stored on site to be used in framing - ANSWER-b
1. The coverage that covers beyond the expiration of a liability
policy written on a claims made basis is referred to as a.
Extension coverage
b. Umbrella coverage
c. Extended reporting periods - ANSWER-c
250 REAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES TOP RATED VERSION
ALREADY A+ GRADED WITH EXPERT FEEDBACK
| 2025/2026 NEW!!{REVISED}
1. An insurance producer may NOT withdraw funds from a
premium trust account to
a. Pay premium to insurance
b. Pay claims to an insured
c. Return deposits to insureds
d. Return premiums to an insured - ANSWER-pay claims to an
insured
1. Which of the following is not covered under
supplementary payment coverage of the liability section
of the personal automobile policy? a. Bail Bonds
b. Post judement interest
c. Rental costs
d. Appeal bonds - ANSWER-c
1. Which type of insurance protection guarantees
protection against legal liability from any risk arising from
,the ownership, maintenance, or use a. Errors and
omission insurance
b. Professional liability
c. Employment related practices liability
d. Commercial general liability - ANSWER-b
1. In PA, what is the minimum amount required for damages for
liability to cover motor vehicles accidents? a. 5K,10K,3K
b. 10K, 20K, 5K
c. 15K, 30K, 5K
d. 25K, 50K, 10K - ANSWER-c
1. Under an equipment breakdown coverage form, a breakdown
would include a. Wear and tear
b. Leakage of valves
c. Explosion of a pressure vessel
d. Failure of a safety device - ANSWER-explosion of a power
vessel. EQUIPMENT BREAKDOWN- sudden and accidental
breakdowns of covered machinery and equipment, which can
include pressure vessels.
1. Which of the following benefits are not paid under
workers comp laws
a. Medical
b. Rehab
,c. Pain and suffering
d. Disability income - ANSWER-c
workers compensation covers the following - ANSWER--
survivor benefits
-death and survivor benefits
-rehabilitation
-medical benefits unlimited
IF THEY ARE IN JAIL NO THEY DONT GET WC
1. What is the effect on a personal automobile policy in
PA, if an insured switches from a $250 deductible for a
$500 deductible a. The physical damage premium is
reduced
b. The physical damge limits are increased
c. There is no deduction for depreciation when losses are
settled
d. The policy no longer satisfies the commonwealths financial
reposibility law - ANSWER-physical damage premium is
reduced
, the builders risk coverage form will not cover which of
the following a. fixtures attached to the completed
structure
b. service equipment
c. roof antenna
D. building material within 100 feet - ANSWER-antenna
A builders risk coverage form provides protection against
losses on the building, equipment, and supplies, but not to
accidents on the job, the land, scaffolding, and theft. The policy
does not cover war, nuclear hazards, extreme weather, or
government seizure.
1. Which of the following is covered under the builders risk
forma. A contractors pick up truck
b. A contactors tools
c. A sig on the property advertising a contractors work
d. Lumber stored on site to be used in framing - ANSWER-b
1. The coverage that covers beyond the expiration of a liability
policy written on a claims made basis is referred to as a.
Extension coverage
b. Umbrella coverage
c. Extended reporting periods - ANSWER-c
