8/22/25, 8:10 AM Property and Casualty Insurance Licensing EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers …
Property and Casualty Insurance Licensing EXAM
Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Terms in this set (105)
To prevent recovery An Other Insurance Clause
beyond the amount of the
insured's actual loss, the
policy will contain:
Collision coverage of an B) upset of the vehicle
auto policy covers:
a) road damage to the
tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of a) occurrence limit
payable for all losses
resulting from one event is
known as the:
a) occurrence limit
b) aggregate limit
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,8/22/25, 8:10 AM Property and Casualty Insurance Licensing EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers …
Which of the following is a d) Basic form
cause of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood c) $500
deductible is:
a) $100
b) $250
c) $500
d) $1000
The insured intentionally d) concealment
did not inform the insurer
that the insured owned
only 35% of the property.
The insurer can void the
policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment
Which of the following is c) presumption of negligence
NOT a defense against
negligence?
a) contributory
negligence
b) statues of limitations
c) presumption of
negligence
d) assumption of risk
https://quizlet.com/1067508539/property-and-casualty-insurance-licensing-exam-questions-answers-100-verified-solutions-questions-with-correct-ans… 2/26
, 8/22/25, 8:10 AM Property and Casualty Insurance Licensing EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers …
The presumed authority b) implied authority
necessary to carry out the
producer's routine tasks is
known as:
a) expressed authority
b) implied authority
Which of the following b) there is no coverage for roadside labor costs
statements regarding the
Towing and Labor
endorsement is false?
a) it will pay to the limit
stated in the endorsement
each time a covered
vehicle is disabled
b) there is no coverage for
roadside labor costs
c) there is no deductible
d) none of the above
A licensee may violate b) sending threatening letters to the state insurance
federal law and be subject regulator
to a fine and prison for
doing which of the
following?
a) selling insurance w/ a
nonresident license
b) sending threatening
letters to the state
insurance regulator
c) fraudulently telling an
insured a claim isn't
covered on the policy
d) murdering an applicant
https://quizlet.com/1067508539/property-and-casualty-insurance-licensing-exam-questions-answers-100-verified-solutions-questions-with-correct-ans… 3/26
Property and Casualty Insurance Licensing EXAM
Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Terms in this set (105)
To prevent recovery An Other Insurance Clause
beyond the amount of the
insured's actual loss, the
policy will contain:
Collision coverage of an B) upset of the vehicle
auto policy covers:
a) road damage to the
tires
b) upset of the vehicle
c) frozen engine block
d) falling objects
The maximum amount of a) occurrence limit
payable for all losses
resulting from one event is
known as the:
a) occurrence limit
b) aggregate limit
https://quizlet.com/1067508539/property-and-casualty-insurance-licensing-exam-questions-answers-100-verified-solutions-questions-with-correct-ans… 1/26
,8/22/25, 8:10 AM Property and Casualty Insurance Licensing EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers …
Which of the following is a d) Basic form
cause of loss form?
a) declarations form
b) proof of loss form
c) garage keepers' form
d) basic form
The minimum flood c) $500
deductible is:
a) $100
b) $250
c) $500
d) $1000
The insured intentionally d) concealment
did not inform the insurer
that the insured owned
only 35% of the property.
The insurer can void the
policy for:
a) conditional coverage
b) misrepresentation
c) error
d) concealment
Which of the following is c) presumption of negligence
NOT a defense against
negligence?
a) contributory
negligence
b) statues of limitations
c) presumption of
negligence
d) assumption of risk
https://quizlet.com/1067508539/property-and-casualty-insurance-licensing-exam-questions-answers-100-verified-solutions-questions-with-correct-ans… 2/26
, 8/22/25, 8:10 AM Property and Casualty Insurance Licensing EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers …
The presumed authority b) implied authority
necessary to carry out the
producer's routine tasks is
known as:
a) expressed authority
b) implied authority
Which of the following b) there is no coverage for roadside labor costs
statements regarding the
Towing and Labor
endorsement is false?
a) it will pay to the limit
stated in the endorsement
each time a covered
vehicle is disabled
b) there is no coverage for
roadside labor costs
c) there is no deductible
d) none of the above
A licensee may violate b) sending threatening letters to the state insurance
federal law and be subject regulator
to a fine and prison for
doing which of the
following?
a) selling insurance w/ a
nonresident license
b) sending threatening
letters to the state
insurance regulator
c) fraudulently telling an
insured a claim isn't
covered on the policy
d) murdering an applicant
https://quizlet.com/1067508539/property-and-casualty-insurance-licensing-exam-questions-answers-100-verified-solutions-questions-with-correct-ans… 3/26
