Maryland Property & Casualty Practice
Exam with Guaranteed Pass Solutions
2025-2026 Updated.
Which dwelling policy coverage will provide protection for contents damaged by fire in an
insured dwelling? - Answer Coverage C-Personal Property
Under what conditions can broad theft coverage be added to a dwelling policy? - Answer if the
insured is the owner-occupant of the dwelling.
Under Coverage C- Personal Property in the dwelling policy, when will a guest's property be
covered? - Answer Only when the property is at the insured location.
What is the difference between a Claims Made and Occurence policy? - Answer In a Claims-
Made policy the claim will be paid only if the claim is made BEFORE the policy expires; in
Occurence the claim will be paid even if submitted after the policy expiration.
What is burglary in a CCP? - Answer Crime of forced entry of another person, committed with
felonious intent.
What is robbery in a CCP? - Answer Taking property from another person by means of
threatening bodily harm or committing an unlawful act.
What is theft in a CCP? - Answer The act of stealing; encompasses both burglary & robbery.
What is safe burglary in a CCP? - Answer Forced entry resulting in the theft of contents from a
safe or the safe itself.
Commercial Crime Employee Theft coverage - Answer current employees, temporary
employees hired from contractors, former employees performing duties as consultants &
terminated employees covered for 30 days; property, money, securities & other covered.
Commercial Crime Inside-Theft of Money or Securities - Answer Loss of money & securities
from the premises
,Commercial Crime Outside-Theft, disappearance or destruction - Answer Loss outside the
premises
Commercial Crime Inside-Robbery or State Burglary of Others Property - Answer Loss or
damage to property inside the premises
Commercial Crime Computer Fraud - Answer Worldwide coverage for the loss of money,
securities & other property
Commercial Crime Fund Transfer Fraud - Answer Loss from fraudulent instructions received by
a financial institution
Loss Sustained - Answer reported during the policy period or before the retroactive date; must
be discovered within one year
Discovery Form - Answer Commercial crime form that covers losses that are sustained at any
time and discovered either during the policy period or up to 60 days after the policy expires.
BOP SECTION II- LIABILITY - Answer Covers: BI, PD, Personal Injury & Advertising Injury.
Features: Occurence coverage trigger, limits of liability, supplemental payment paid in addition
to limit of insurance, duty to defend ends when limits are exhausted.
BOP - Selected Endorsements - Answer Hired & Nonowned Auto (Liability for use of hired or
nonowned autos), Utility Services-Direct Damage(Direct damage caused by service disruption
from a covered peril), Protective Safeguards (requires safeguards as condition for coverage;
allows 48 hours to restore), Utility Services-Time Element(Loss of business income or extra
expense)
BOP Extensions- Newly Acquired/Constructed Property - Answer Up to $250,000 for
building/Up to $100,000 for business personal property; coverage applies for 30 days after
insured acquires property or end of policy-whichever comes first.
BOP Extensions- Personal Property Off Premises - Answer Up to $10,000 for business personal
property during transit or temporarily at the premises that the insured does not own, lease etc.
(not for money/securities)
,BOP Extensions-Personal Effects - Answer Up to $2,500 for each described premises; for
personal effects owned by insured, officers, partners, or members of the insured & employees
BOP Extensions-Valuable Papers & Records - Answer Up to $10,000 for research, replacement,
restoration of lost info; up to $5,000 for valuable papers & records not at the described location-
valued at the cost of restoration or replacement
BOP Extensions-Accounts Receivable - Answer Applies to amounts due from insured's
customers, interest loans, collections expenses & other reasonable expenses
Vacancy on a BOP - Answer Unoccupied for more than 60 consecutive days, 65% or more
rental units or floor area unoccupied. NOT COVERED PERILS: Vandalism, sprinkler leakage,
building glass breakage, water damage & theft- COVERED PERILS- covered for 15% less than
normal
BOP Optional Coverages- Outdoor Signs - Answer Open Peril basis. Exclusions: wear & tear,
hidden latent defects, rust, corrosion, mechanical breakdown- Up to $1,000 per sign attached to
the building
BOP Optional Coverages- Employee Dishonesty - Answer Loss to business, business personal
property, or money & securities; includes anyone currently employed or in the past 30 days.
Acts committed by the insured or partners are EXCLUDED
BOP Optional Coverages- Money & Securities - Answer Loss resulting from theft,
disappearance & destruction. Verification of loss/damage is dependent on records. Money &
securities must have been at the insured's premises, financial institution, home, or in transit.
BOP Optional Coverages- Equipment Breakdown Protection - Answer Covers direct loss or
damage to property resulting from: mechanical breakdown, electrical failure to pressure,
mechanical or electrical machinery/equipment
Dwelling Policy Structure - Answer Agreement, Definitions, Deductibles, Coverages & Other
Coverages, Perils Insured Against, General Exclusions, Conditions
Exclusions found in all 3 Dwelling Forms - Answer earth movement, water damage, power
failure, neglect, war, nuclear hazard, intentional loss, freezing of plumbing, ordinance or law &
government action
, Eligible for BOP - Answer Office Buildings
Eligible for BOP - Answer Apartments & Condos
Eligible for BOP - Answer Mercantile & Service Establishments
Eligible for BOP - Answer Some Contractors- electricians, plumbers, painters etc
Eligible for BOP - Answer Fast food restaurants
Eligible for BOP - Answer Convenience Stores
Not eligible for BOP - Answer Auto sales & servicing operations
Not eligible for BOP - Answer Manufacturing Operations
Not eligible for BOP - Answer Places of amusement
Not eligible for BOP - Answer Bars & Grills
Not eligible for BOP - Answer Financial Institutions
Characteristics of a BOP - Answer Prepackaged policy (property & liability coverage), small-
med sized businesses, single premium for property & liability
Commercial General Liability Coverage A - Answer bodily injury and property damage
Commercial General Liability Coverage B - Answer Personal injury and advertising injury
Commercial General Liability Coverage C - Answer Medical Payments
Exam with Guaranteed Pass Solutions
2025-2026 Updated.
Which dwelling policy coverage will provide protection for contents damaged by fire in an
insured dwelling? - Answer Coverage C-Personal Property
Under what conditions can broad theft coverage be added to a dwelling policy? - Answer if the
insured is the owner-occupant of the dwelling.
Under Coverage C- Personal Property in the dwelling policy, when will a guest's property be
covered? - Answer Only when the property is at the insured location.
What is the difference between a Claims Made and Occurence policy? - Answer In a Claims-
Made policy the claim will be paid only if the claim is made BEFORE the policy expires; in
Occurence the claim will be paid even if submitted after the policy expiration.
What is burglary in a CCP? - Answer Crime of forced entry of another person, committed with
felonious intent.
What is robbery in a CCP? - Answer Taking property from another person by means of
threatening bodily harm or committing an unlawful act.
What is theft in a CCP? - Answer The act of stealing; encompasses both burglary & robbery.
What is safe burglary in a CCP? - Answer Forced entry resulting in the theft of contents from a
safe or the safe itself.
Commercial Crime Employee Theft coverage - Answer current employees, temporary
employees hired from contractors, former employees performing duties as consultants &
terminated employees covered for 30 days; property, money, securities & other covered.
Commercial Crime Inside-Theft of Money or Securities - Answer Loss of money & securities
from the premises
,Commercial Crime Outside-Theft, disappearance or destruction - Answer Loss outside the
premises
Commercial Crime Inside-Robbery or State Burglary of Others Property - Answer Loss or
damage to property inside the premises
Commercial Crime Computer Fraud - Answer Worldwide coverage for the loss of money,
securities & other property
Commercial Crime Fund Transfer Fraud - Answer Loss from fraudulent instructions received by
a financial institution
Loss Sustained - Answer reported during the policy period or before the retroactive date; must
be discovered within one year
Discovery Form - Answer Commercial crime form that covers losses that are sustained at any
time and discovered either during the policy period or up to 60 days after the policy expires.
BOP SECTION II- LIABILITY - Answer Covers: BI, PD, Personal Injury & Advertising Injury.
Features: Occurence coverage trigger, limits of liability, supplemental payment paid in addition
to limit of insurance, duty to defend ends when limits are exhausted.
BOP - Selected Endorsements - Answer Hired & Nonowned Auto (Liability for use of hired or
nonowned autos), Utility Services-Direct Damage(Direct damage caused by service disruption
from a covered peril), Protective Safeguards (requires safeguards as condition for coverage;
allows 48 hours to restore), Utility Services-Time Element(Loss of business income or extra
expense)
BOP Extensions- Newly Acquired/Constructed Property - Answer Up to $250,000 for
building/Up to $100,000 for business personal property; coverage applies for 30 days after
insured acquires property or end of policy-whichever comes first.
BOP Extensions- Personal Property Off Premises - Answer Up to $10,000 for business personal
property during transit or temporarily at the premises that the insured does not own, lease etc.
(not for money/securities)
,BOP Extensions-Personal Effects - Answer Up to $2,500 for each described premises; for
personal effects owned by insured, officers, partners, or members of the insured & employees
BOP Extensions-Valuable Papers & Records - Answer Up to $10,000 for research, replacement,
restoration of lost info; up to $5,000 for valuable papers & records not at the described location-
valued at the cost of restoration or replacement
BOP Extensions-Accounts Receivable - Answer Applies to amounts due from insured's
customers, interest loans, collections expenses & other reasonable expenses
Vacancy on a BOP - Answer Unoccupied for more than 60 consecutive days, 65% or more
rental units or floor area unoccupied. NOT COVERED PERILS: Vandalism, sprinkler leakage,
building glass breakage, water damage & theft- COVERED PERILS- covered for 15% less than
normal
BOP Optional Coverages- Outdoor Signs - Answer Open Peril basis. Exclusions: wear & tear,
hidden latent defects, rust, corrosion, mechanical breakdown- Up to $1,000 per sign attached to
the building
BOP Optional Coverages- Employee Dishonesty - Answer Loss to business, business personal
property, or money & securities; includes anyone currently employed or in the past 30 days.
Acts committed by the insured or partners are EXCLUDED
BOP Optional Coverages- Money & Securities - Answer Loss resulting from theft,
disappearance & destruction. Verification of loss/damage is dependent on records. Money &
securities must have been at the insured's premises, financial institution, home, or in transit.
BOP Optional Coverages- Equipment Breakdown Protection - Answer Covers direct loss or
damage to property resulting from: mechanical breakdown, electrical failure to pressure,
mechanical or electrical machinery/equipment
Dwelling Policy Structure - Answer Agreement, Definitions, Deductibles, Coverages & Other
Coverages, Perils Insured Against, General Exclusions, Conditions
Exclusions found in all 3 Dwelling Forms - Answer earth movement, water damage, power
failure, neglect, war, nuclear hazard, intentional loss, freezing of plumbing, ordinance or law &
government action
, Eligible for BOP - Answer Office Buildings
Eligible for BOP - Answer Apartments & Condos
Eligible for BOP - Answer Mercantile & Service Establishments
Eligible for BOP - Answer Some Contractors- electricians, plumbers, painters etc
Eligible for BOP - Answer Fast food restaurants
Eligible for BOP - Answer Convenience Stores
Not eligible for BOP - Answer Auto sales & servicing operations
Not eligible for BOP - Answer Manufacturing Operations
Not eligible for BOP - Answer Places of amusement
Not eligible for BOP - Answer Bars & Grills
Not eligible for BOP - Answer Financial Institutions
Characteristics of a BOP - Answer Prepackaged policy (property & liability coverage), small-
med sized businesses, single premium for property & liability
Commercial General Liability Coverage A - Answer bodily injury and property damage
Commercial General Liability Coverage B - Answer Personal injury and advertising injury
Commercial General Liability Coverage C - Answer Medical Payments
