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Texas Personal Lines Test – Property and Casualty
Latest Prep Test Bank B with 240 Exam Prep
Questions and Correct Answers Plus Study Guide/
TX Personal Lines License Exam Latest Test Bank
Which bonds are used to guarantee the Principal's
activities in the collection and reporting of taxes for
controlled commodities. - ...✔✔ANSWER✔✔...U.S Internal
Revenue Bonds
Chubbie Chessmate, your personal auto insured has PIP
coverage with a $500 deductible. Chubbie was in an auto
accident and has $20,000 of medical expenses how much
will Chubbie's insurance company pay her for her loss? -
...✔✔ANSWER✔✔...$10,000
The Commercial Property policy form Territory includes
which of the following? - ...✔✔ANSWER✔✔...Canada, US,
and Puerto Rico
The Commercial Inland Marine "Mail Coverage" form
covers a shipper for all risks against loss to property
sent by: - ...✔✔ANSWER✔✔...registered, first class,
certified, and express
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Two CGL policies are determined to apply to the same
loss. The first policy has a $500,000 limit and the second
policy has a $1,000,000 limit. If the insured is responsible
for a $300,000 claim how much will each policy be
responsible for if both policies have an Other Insurance
provision which pays on a pro-rata basis? -
...✔✔ANSWER✔✔...they both pay $300,000
Which Homeowners policy form covers either an Owner
Occupied or Tenant Occupied condo exposure? -
...✔✔ANSWER✔✔...HO-6
Your insured wants to make a change to her CGL policy
you advise her.... - ...✔✔ANSWER✔✔...changes can be
made by endorsement, in writing and must be agreed to
by the insurance company
_______________ provide direct delivery of comprehensive
health services to members through employed
physicians, with broad coverage, few exclusions, and
small or nonexistent deductibles and coinsurance
provisions - ...✔✔ANSWER✔✔...HMOs
,3|Page
The owner of a motor vehicle is subject to three penalties
for non-compliance with the compulsory No-Fault
insurance requirements which include? -
...✔✔ANSWER✔✔...no "immunity" from legal liabilities
which are granted to those who do comply with the No
Fault Law, Personal liability for payment of PIP benefits to
those entitled to receive such benefits, suspension of
driver's license and vehicle registration
Billie has a PIP claim with $9,000 in injuries and a $0 PIP
deductible. How much will Billie receive as a claims
payment from his insurance company? -
...✔✔ANSWER✔✔...$7,200
In the Ocean Marine policy, which term is used to define
property that has suffered a loss which has is damaged
the property beyond repair? - ...✔✔ANSWER✔✔...Actual
Total Loss
Charities Kars, your commercial auto insured, needs to
have blanket liability coverage for the use of "any auto".
What symbol will you included in the Charities Kars
commercial auto policy to meet this need? -
...✔✔ANSWER✔✔...Symbol 1
, 4|Page
What is the Workers Compensation maximum limit for
Medical Expenses in the Florida Workers Compensation
policy? - ...✔✔ANSWER✔✔...there is no limit to the
Medical Expenses that are compensable under a Florida
Workers Compensation policy if the expenses are usual,
customary, and reasonable for the care of an injured
employee
If a claims adjuster makes an offer to a claimant and the
offer is accepted what should the adjuster do next? -
...✔✔ANSWER✔✔...obtain a release and pay the claimant
The Personal Articles Floater (PAF) insures specific
classes of property; all but which of the following are true
statements about the PAF? - ...✔✔ANSWER✔✔...inherent
vice is an included peril
Which if any of the following statements is true regarding
Commercial Package Policies? 1. The business owners
policy form is written on an "Open Perils" basis; 2. The
Commercial Property section of the Commercial Package
Policy is written on a "Special Form" Cause of Loss basis
- ...✔✔ANSWER✔✔...Both statements are correct
Texas Personal Lines Test – Property and Casualty
Latest Prep Test Bank B with 240 Exam Prep
Questions and Correct Answers Plus Study Guide/
TX Personal Lines License Exam Latest Test Bank
Which bonds are used to guarantee the Principal's
activities in the collection and reporting of taxes for
controlled commodities. - ...✔✔ANSWER✔✔...U.S Internal
Revenue Bonds
Chubbie Chessmate, your personal auto insured has PIP
coverage with a $500 deductible. Chubbie was in an auto
accident and has $20,000 of medical expenses how much
will Chubbie's insurance company pay her for her loss? -
...✔✔ANSWER✔✔...$10,000
The Commercial Property policy form Territory includes
which of the following? - ...✔✔ANSWER✔✔...Canada, US,
and Puerto Rico
The Commercial Inland Marine "Mail Coverage" form
covers a shipper for all risks against loss to property
sent by: - ...✔✔ANSWER✔✔...registered, first class,
certified, and express
,2|Page
Two CGL policies are determined to apply to the same
loss. The first policy has a $500,000 limit and the second
policy has a $1,000,000 limit. If the insured is responsible
for a $300,000 claim how much will each policy be
responsible for if both policies have an Other Insurance
provision which pays on a pro-rata basis? -
...✔✔ANSWER✔✔...they both pay $300,000
Which Homeowners policy form covers either an Owner
Occupied or Tenant Occupied condo exposure? -
...✔✔ANSWER✔✔...HO-6
Your insured wants to make a change to her CGL policy
you advise her.... - ...✔✔ANSWER✔✔...changes can be
made by endorsement, in writing and must be agreed to
by the insurance company
_______________ provide direct delivery of comprehensive
health services to members through employed
physicians, with broad coverage, few exclusions, and
small or nonexistent deductibles and coinsurance
provisions - ...✔✔ANSWER✔✔...HMOs
,3|Page
The owner of a motor vehicle is subject to three penalties
for non-compliance with the compulsory No-Fault
insurance requirements which include? -
...✔✔ANSWER✔✔...no "immunity" from legal liabilities
which are granted to those who do comply with the No
Fault Law, Personal liability for payment of PIP benefits to
those entitled to receive such benefits, suspension of
driver's license and vehicle registration
Billie has a PIP claim with $9,000 in injuries and a $0 PIP
deductible. How much will Billie receive as a claims
payment from his insurance company? -
...✔✔ANSWER✔✔...$7,200
In the Ocean Marine policy, which term is used to define
property that has suffered a loss which has is damaged
the property beyond repair? - ...✔✔ANSWER✔✔...Actual
Total Loss
Charities Kars, your commercial auto insured, needs to
have blanket liability coverage for the use of "any auto".
What symbol will you included in the Charities Kars
commercial auto policy to meet this need? -
...✔✔ANSWER✔✔...Symbol 1
, 4|Page
What is the Workers Compensation maximum limit for
Medical Expenses in the Florida Workers Compensation
policy? - ...✔✔ANSWER✔✔...there is no limit to the
Medical Expenses that are compensable under a Florida
Workers Compensation policy if the expenses are usual,
customary, and reasonable for the care of an injured
employee
If a claims adjuster makes an offer to a claimant and the
offer is accepted what should the adjuster do next? -
...✔✔ANSWER✔✔...obtain a release and pay the claimant
The Personal Articles Floater (PAF) insures specific
classes of property; all but which of the following are true
statements about the PAF? - ...✔✔ANSWER✔✔...inherent
vice is an included peril
Which if any of the following statements is true regarding
Commercial Package Policies? 1. The business owners
policy form is written on an "Open Perils" basis; 2. The
Commercial Property section of the Commercial Package
Policy is written on a "Special Form" Cause of Loss basis
- ...✔✔ANSWER✔✔...Both statements are correct
