MARYLAND PROPERTY AND CASUALTY
ACTUAL EXAM 2025/2026 WITH 200
QUESTIONS AND CORRECT ANSWERS |
MUTIPLE CHOICE ANSWERS | ALREADY
GRADED A+ | MARYLAND PROPERTY AND
CASUALTY FINAL LATEST EXAM 2025
The special form of commercial building and business personal property form
dishonest or criminal acts by employees is not covered. Which of the following is
most likely reason for this exclusion?
A) it is available as an endorsement to the special form
B) It is a cause of loss not meant to be covered under property insurance but is
instead a casualty policy loss
C) It is covered under the basic form
D) It is covered under the broad form - ANSWER-B. It is a cause of loss not meant
to be covered under property insurance but is instead a casualty policy loss
If a business is concerned with repetitive coverages and paying more than once for
the same coverage the commercial package policy solves this issue
A) by providing substantial discounts when coverage is duplicated
B) By recommending the business purchase a business owner policy instead
C) By removing the duplication with commercial floater coverage
D) Though interline endorsements - ANSWER-D. Though interline endorsements
,. Which of the following is not a form of coverage available under a commercial
building in business personal property form?
A) Basic
B) Broad
C) Special
D) Earthquake - ANSWER-D. Earthquake
All of the following statements about extra expense coverage are true except
A) A Business that cannot be shut down even for a short time should purchased it
B) It can be purchased separately or together with business income coverage as an
endorsement
C) All businesses need it
D) Any type of business that may permanently lose customers unless they resume
operation immediately should consider buying it - ANSWER-C. All businesses
need it
Which of the following are reasons a client would add commercial endorsement
CP 04 05?
A) damage due to ordinances or law can add 50% or more to the loss of a claim
B) Only perishable stock is covered in this form
C) The insured is afraid of power outages
D) All of the answers listed - ANSWER-A. damage due to ordinances or law can
add 50% or more to the loss of a claim
If a business intends to claim debris removal under a commercial building and
business personal property for my must be reported to the insurer
,A) immediately upon loss
B) Within 30 days from the date of physical loss
C) Within 90 days from the day of physical loss
D)Within 180 days from the date of physical loss - ANSWER-D. Within 180 days
from the date of physical loss
All the following statements about the point in time a builders risk policy extends
are true except
A) 60 days after when the building is put to it's intentional use
B) 90 days after the construction is completed
C) The builders interest in the property has concluded
D) Before the structure being built is finished - ANSWER-D. Before the structure
being built is finished
All of the following are main elements of a commercial package policy except
A) liability
B) Common declarations
C) Coverage parts
D) Common condition - ANSWER-A. liability
The most common distribution of extra expense funds during the first three months
following is covered direct loss is
A) 20/40/40
B) 40/80/100
, C) 100/0/0
D) 40/60/100 - ANSWER-B. 40/80/100
If the local police refuse to let a business owner gain access to his business due to
safety concerns for a couple of weeks the owner is entitled to business income
because of which additional expense coverage?
A) alterations
B) Civil authority
C) Extended business income
D) Modified business income - ANSWER-B. Civil authority
All of the details of which party is responsible for shipped property while in transit
is typically indicated in a written contract called the
A) consignment bill
B) Shipping merchandise manifest
C) Carrier contract
D) Bill of laden - ANSWER-D. Bill of laden
Which of the following causes of loss would a common carrier be liable for the
property loss of goods they are transporting that are owned by another party?
A) The driver for the carrier takes a dinner break and does not lock the track door
allowing thieves to steal property during the drivers dinner break
B) The goods are destroyed well on a truck of a common carrier that is destroyed
in a flash flood from a river
ACTUAL EXAM 2025/2026 WITH 200
QUESTIONS AND CORRECT ANSWERS |
MUTIPLE CHOICE ANSWERS | ALREADY
GRADED A+ | MARYLAND PROPERTY AND
CASUALTY FINAL LATEST EXAM 2025
The special form of commercial building and business personal property form
dishonest or criminal acts by employees is not covered. Which of the following is
most likely reason for this exclusion?
A) it is available as an endorsement to the special form
B) It is a cause of loss not meant to be covered under property insurance but is
instead a casualty policy loss
C) It is covered under the basic form
D) It is covered under the broad form - ANSWER-B. It is a cause of loss not meant
to be covered under property insurance but is instead a casualty policy loss
If a business is concerned with repetitive coverages and paying more than once for
the same coverage the commercial package policy solves this issue
A) by providing substantial discounts when coverage is duplicated
B) By recommending the business purchase a business owner policy instead
C) By removing the duplication with commercial floater coverage
D) Though interline endorsements - ANSWER-D. Though interline endorsements
,. Which of the following is not a form of coverage available under a commercial
building in business personal property form?
A) Basic
B) Broad
C) Special
D) Earthquake - ANSWER-D. Earthquake
All of the following statements about extra expense coverage are true except
A) A Business that cannot be shut down even for a short time should purchased it
B) It can be purchased separately or together with business income coverage as an
endorsement
C) All businesses need it
D) Any type of business that may permanently lose customers unless they resume
operation immediately should consider buying it - ANSWER-C. All businesses
need it
Which of the following are reasons a client would add commercial endorsement
CP 04 05?
A) damage due to ordinances or law can add 50% or more to the loss of a claim
B) Only perishable stock is covered in this form
C) The insured is afraid of power outages
D) All of the answers listed - ANSWER-A. damage due to ordinances or law can
add 50% or more to the loss of a claim
If a business intends to claim debris removal under a commercial building and
business personal property for my must be reported to the insurer
,A) immediately upon loss
B) Within 30 days from the date of physical loss
C) Within 90 days from the day of physical loss
D)Within 180 days from the date of physical loss - ANSWER-D. Within 180 days
from the date of physical loss
All the following statements about the point in time a builders risk policy extends
are true except
A) 60 days after when the building is put to it's intentional use
B) 90 days after the construction is completed
C) The builders interest in the property has concluded
D) Before the structure being built is finished - ANSWER-D. Before the structure
being built is finished
All of the following are main elements of a commercial package policy except
A) liability
B) Common declarations
C) Coverage parts
D) Common condition - ANSWER-A. liability
The most common distribution of extra expense funds during the first three months
following is covered direct loss is
A) 20/40/40
B) 40/80/100
, C) 100/0/0
D) 40/60/100 - ANSWER-B. 40/80/100
If the local police refuse to let a business owner gain access to his business due to
safety concerns for a couple of weeks the owner is entitled to business income
because of which additional expense coverage?
A) alterations
B) Civil authority
C) Extended business income
D) Modified business income - ANSWER-B. Civil authority
All of the details of which party is responsible for shipped property while in transit
is typically indicated in a written contract called the
A) consignment bill
B) Shipping merchandise manifest
C) Carrier contract
D) Bill of laden - ANSWER-D. Bill of laden
Which of the following causes of loss would a common carrier be liable for the
property loss of goods they are transporting that are owned by another party?
A) The driver for the carrier takes a dinner break and does not lock the track door
allowing thieves to steal property during the drivers dinner break
B) The goods are destroyed well on a truck of a common carrier that is destroyed
in a flash flood from a river
