GA Property & Casualty Exam Practice
Questions with Complete Solutions
(Latest 2025)
Insurance policy covers what type of losses - Correct
Answers ✅Direct and Indirect
In order to have an indirect loss, you must have - Correct
Answers ✅a direct loss
What does property insurance cover? - Correct Answers
✅structures and contents
Direct loss - Correct Answers ✅physical destruction of
property by lightening, wind, fire, theft, etc
Indirect loss - Correct Answers ✅consequences of direct
losses - e.g. loss of income, additional expenses to live, loss
of rental income, etc.
What is the purpose of personal lines insurance? - Correct
Answers ✅Coverage for personal activities of the insured
for losses that might take place
What is the purpose of commercial insurance? - Correct
Answers ✅policies that cover NON personal activities of the
insured where losses might take place
, GA Property & Casualty Exam Practice
Questions with Complete Solutions
(Latest 2025)
Who transfers risk in insurance? - Correct Answers
✅Insurance involves transfer of YOUR risk to other people for
your losses to be covered
How do insurance companies use premiums? - Correct
Answers ✅Insurance companies use our premiums to cover
losses of the few.
Named Insured - Correct Answers ✅HIGHEST ranking
insured for any policy
Who is the insurance company? - Correct Answers ✅The
author of the policy, issuer of the policy, and enforcer of
policy
Cancellation - Correct Answers ✅Stop policy mid-term
before it has the chance to expire. Both insurer and insured
can cancel a policy
Insured cancels policy - Correct Answers ✅Request must
be made in writing
Risk - Correct Answers ✅uncertainty of loss. The area
between 1 and 100.
Questions with Complete Solutions
(Latest 2025)
Insurance policy covers what type of losses - Correct
Answers ✅Direct and Indirect
In order to have an indirect loss, you must have - Correct
Answers ✅a direct loss
What does property insurance cover? - Correct Answers
✅structures and contents
Direct loss - Correct Answers ✅physical destruction of
property by lightening, wind, fire, theft, etc
Indirect loss - Correct Answers ✅consequences of direct
losses - e.g. loss of income, additional expenses to live, loss
of rental income, etc.
What is the purpose of personal lines insurance? - Correct
Answers ✅Coverage for personal activities of the insured
for losses that might take place
What is the purpose of commercial insurance? - Correct
Answers ✅policies that cover NON personal activities of the
insured where losses might take place
, GA Property & Casualty Exam Practice
Questions with Complete Solutions
(Latest 2025)
Who transfers risk in insurance? - Correct Answers
✅Insurance involves transfer of YOUR risk to other people for
your losses to be covered
How do insurance companies use premiums? - Correct
Answers ✅Insurance companies use our premiums to cover
losses of the few.
Named Insured - Correct Answers ✅HIGHEST ranking
insured for any policy
Who is the insurance company? - Correct Answers ✅The
author of the policy, issuer of the policy, and enforcer of
policy
Cancellation - Correct Answers ✅Stop policy mid-term
before it has the chance to expire. Both insurer and insured
can cancel a policy
Insured cancels policy - Correct Answers ✅Request must
be made in writing
Risk - Correct Answers ✅uncertainty of loss. The area
between 1 and 100.
