2025 MARYLAND PROPERTY AND
CASUALTY LATEST EXAM 2025/2026 WITH
REAL QUESTIONS AND 100% CORRECT
ANSWERS | WITH RATIONALES | ALREADY
GRADED A+ | GUARANTEED SUCCESS |
MARYLAND PROPERTY AND CASUALTY
FINAL EXAM 2025 [BRAND NEW]
What’s an Independent rating service? - ANSWER-They determine the financial
stability of all insurance companies
All of the following types of advertising except:
A. TV Ad
B. Radio Ad
C. Newspaper ad
D. AM Best - ANSWER-D. AM best is a independent rating service
Which best describes an insurer that uses Direct Mail? - ANSWER-Direct
Response Marketing
What is true about the Life & Health and Property & Casualty Insurance Guaranty
Corporation - ANSWER-The Insurance companies are assessed. All insurance
,companies pay into it based on how much business they have. It exists in case an
insurance company went bankrupt and can not pay out claims.
What are insurance carriers that exist as social organizations to voluntarily provide
insurance for their members? - ANSWER-Fraternal Benefits Societies
Explain a fiduciary - ANSWER-An agent who handles insurer funds in a trust
capacity
Who represents a principal? - ANSWER-The insurance agent
Who is the agent's first responsibility to? - ANSWER-The insurance company
The principle which states that an insured should not profit from an insurance
transaction, is the ______of _______.
A. Principal of Insurance
B. Principal of Indemnity
C. Principal of Retention
D. Principal of Contract - ANSWER-B. Principal of Indemnity
The concept of returning an insured to the financial position they occupied prior to
a loss is referred to as the concept of:
A. Warranty
B. Legal gain
C. Indemnity
, D. Risk retention - ANSWER-C. Indemnity
Which insurer is most commonly associated with sharing risks?
Fraternal
Stock
Reciprocal
Mutual - ANSWER-Reciprocal.
Reciprocal insurers mutually insure one another, assuming their share of each risk.
What is the main purpose of Fitch and Weiss?
To incorporate an insurance company
To market insurance
To self insure
To determine an insurance company's financial integrity - ANSWER-To determine
an insurance company's financial integrity.
Fitch and Weiss are independent rating services to determine the financial stability
of insurance companies.
Surplus Lines refers to coverage that must be purchased from what type of
company?
CASUALTY LATEST EXAM 2025/2026 WITH
REAL QUESTIONS AND 100% CORRECT
ANSWERS | WITH RATIONALES | ALREADY
GRADED A+ | GUARANTEED SUCCESS |
MARYLAND PROPERTY AND CASUALTY
FINAL EXAM 2025 [BRAND NEW]
What’s an Independent rating service? - ANSWER-They determine the financial
stability of all insurance companies
All of the following types of advertising except:
A. TV Ad
B. Radio Ad
C. Newspaper ad
D. AM Best - ANSWER-D. AM best is a independent rating service
Which best describes an insurer that uses Direct Mail? - ANSWER-Direct
Response Marketing
What is true about the Life & Health and Property & Casualty Insurance Guaranty
Corporation - ANSWER-The Insurance companies are assessed. All insurance
,companies pay into it based on how much business they have. It exists in case an
insurance company went bankrupt and can not pay out claims.
What are insurance carriers that exist as social organizations to voluntarily provide
insurance for their members? - ANSWER-Fraternal Benefits Societies
Explain a fiduciary - ANSWER-An agent who handles insurer funds in a trust
capacity
Who represents a principal? - ANSWER-The insurance agent
Who is the agent's first responsibility to? - ANSWER-The insurance company
The principle which states that an insured should not profit from an insurance
transaction, is the ______of _______.
A. Principal of Insurance
B. Principal of Indemnity
C. Principal of Retention
D. Principal of Contract - ANSWER-B. Principal of Indemnity
The concept of returning an insured to the financial position they occupied prior to
a loss is referred to as the concept of:
A. Warranty
B. Legal gain
C. Indemnity
, D. Risk retention - ANSWER-C. Indemnity
Which insurer is most commonly associated with sharing risks?
Fraternal
Stock
Reciprocal
Mutual - ANSWER-Reciprocal.
Reciprocal insurers mutually insure one another, assuming their share of each risk.
What is the main purpose of Fitch and Weiss?
To incorporate an insurance company
To market insurance
To self insure
To determine an insurance company's financial integrity - ANSWER-To determine
an insurance company's financial integrity.
Fitch and Weiss are independent rating services to determine the financial stability
of insurance companies.
Surplus Lines refers to coverage that must be purchased from what type of
company?
