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TEXAS PERSONAL LINES INSURANCE EXAM 2025
ACTUAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) ALL
ANSWERED {90 Q & A} ALREADY GRADED A+ |
GUARANTEED PASS
The abc corporation has 100,000 of coverage on its building
through insurance company a, and 50,000 of identical coverage
on the same building through company b. Assuming coinsurance
is not an issue, when a 24,000 loss occurs and the pro rata
method is used, how much will each insurer pay - ✔✔✔ correct
answer > company a will pay 16,000 and company b will pay 8,000
Which of the following is the basic auto liability limit required for
bi or death to any one person in any once accident - ✔✔✔ correct
answer > $30,000 - this is the minimum for tx, $60,000 for bi or
death to 2 or more persons in any once accident, $25,000 for
damage to property of others arising out of in any one ocurrence
Under the tx property and casulaty insurance guaranty
association ,what is the max amt tht a claimant may revcover
from an occurrence under a policy issued by an insolvent insurer
- ✔✔✔ correct answer > the lesser of the above amts - not exceeding
the max available amt which is $300,000
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This is not true regarding the relationship among the amts of
insurance - ✔✔✔ correct answer > all property losses under the basic
form are settled on a replacement cost basis - all property
losses under the basic form are settled on an actual cash value
(avc) basis
What is a required notice of cancellation of a homeowners policy
to the insured - ✔✔✔ correct answer > 10 days - the insurer may
cancel the policy by mailing written notice to the insured at least
10 days prior to the effective date of cancellation
The general property policy form is used for other-residential
and non-residential structures and their contents such as - ✔✔✔
correct answer > any of the above wld be covered - commercial
structures, cooperative associations, & apartment buildings
The main difference b/w an ho4 and an ho6 is - ✔✔✔ correct answer >
ho6 provides limited dwelling coverage as well as contents
coverage
An additonal loss that results from a direct loss of property is
called a/an - ✔✔✔ correct answer > indirect loss
Which of the following provisions requires that the insured
protects the damaged property from further damage, cooperates
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w/ the insurer in settling the loss, & submits to the insurer
signed proof of loss w/in a specified period of time? - ✔✔✔ correct
answer > duties after loss
All of the following statements concerning coinsurance are true
except - ✔✔✔ correct answer > the coinsurance formula will also be
applied to total losses
Which of the following is mandatory part of an insurance policy
that varies with each individual policy? - ✔✔✔ correct answer >
declarations- tell who, what, when & where, this information is
different in each contract
Under the dwelling policy, if an insurer chooses to repair or
replace damaged or lost property, it must inform the insured
w/in how many days of receiving proof of loss - ✔✔✔ correct answer >
30 days
A sworn written statement that must be furnished by the insured
to the insurer before any loss under a policy can be paid is called
- ✔✔✔ correct answer > proof of loss
Which part of an insurance policy covers claims-related
expenses, reasonable expenses incurred by an insured to protect
damaged property from further loss, or defense expenses? - ✔✔✔
TEXAS PERSONAL LINES INSURANCE EXAM 2025
ACTUAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) ALL
ANSWERED {90 Q & A} ALREADY GRADED A+ |
GUARANTEED PASS
The abc corporation has 100,000 of coverage on its building
through insurance company a, and 50,000 of identical coverage
on the same building through company b. Assuming coinsurance
is not an issue, when a 24,000 loss occurs and the pro rata
method is used, how much will each insurer pay - ✔✔✔ correct
answer > company a will pay 16,000 and company b will pay 8,000
Which of the following is the basic auto liability limit required for
bi or death to any one person in any once accident - ✔✔✔ correct
answer > $30,000 - this is the minimum for tx, $60,000 for bi or
death to 2 or more persons in any once accident, $25,000 for
damage to property of others arising out of in any one ocurrence
Under the tx property and casulaty insurance guaranty
association ,what is the max amt tht a claimant may revcover
from an occurrence under a policy issued by an insolvent insurer
- ✔✔✔ correct answer > the lesser of the above amts - not exceeding
the max available amt which is $300,000
,2|Page
This is not true regarding the relationship among the amts of
insurance - ✔✔✔ correct answer > all property losses under the basic
form are settled on a replacement cost basis - all property
losses under the basic form are settled on an actual cash value
(avc) basis
What is a required notice of cancellation of a homeowners policy
to the insured - ✔✔✔ correct answer > 10 days - the insurer may
cancel the policy by mailing written notice to the insured at least
10 days prior to the effective date of cancellation
The general property policy form is used for other-residential
and non-residential structures and their contents such as - ✔✔✔
correct answer > any of the above wld be covered - commercial
structures, cooperative associations, & apartment buildings
The main difference b/w an ho4 and an ho6 is - ✔✔✔ correct answer >
ho6 provides limited dwelling coverage as well as contents
coverage
An additonal loss that results from a direct loss of property is
called a/an - ✔✔✔ correct answer > indirect loss
Which of the following provisions requires that the insured
protects the damaged property from further damage, cooperates
, 3|Page
w/ the insurer in settling the loss, & submits to the insurer
signed proof of loss w/in a specified period of time? - ✔✔✔ correct
answer > duties after loss
All of the following statements concerning coinsurance are true
except - ✔✔✔ correct answer > the coinsurance formula will also be
applied to total losses
Which of the following is mandatory part of an insurance policy
that varies with each individual policy? - ✔✔✔ correct answer >
declarations- tell who, what, when & where, this information is
different in each contract
Under the dwelling policy, if an insurer chooses to repair or
replace damaged or lost property, it must inform the insured
w/in how many days of receiving proof of loss - ✔✔✔ correct answer >
30 days
A sworn written statement that must be furnished by the insured
to the insurer before any loss under a policy can be paid is called
- ✔✔✔ correct answer > proof of loss
Which part of an insurance policy covers claims-related
expenses, reasonable expenses incurred by an insured to protect
damaged property from further loss, or defense expenses? - ✔✔✔
