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XCEL SOLUTIONS PROPERTY & CASUALTY
EXAM NEWEST 2025 COMPLETE ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+||BRAND
NEW!!!
An earned premium resulting from the cancellation of a
policy is calculated on: - .....ANSWER ...✔✔ On a pro
rata basis, based on the previous year's rate
M owns a parking garage & has coverage that states:
"We will cover losses regardless if you are legally
liable for the loss." This no-fault ideology will be found
under: - .....ANSWER ...✔✔ Excess Direct Coverage
An insurance company writing business in a state other
than the one in which it is domiciled is called: -
.....ANSWER ...✔✔ a Foreign
Y is running a home daycare out of their home & has just
earned $50,000 in her first year of business. Under an
HO policy, Y's daycare is defined as: - .....ANSWER
...✔✔ Not a business
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Underwriting guards against - .....ANSWER ...✔✔
Adverse Selection
A licensee whose name or address changes must notify
the Dept of Insurance within _____ days: - .....ANSWER
...✔✔ 30 Days
Assumption of risk: - .....ANSWER ...✔✔ States that a
party will not collect damages because they should have
known what they were doing was risky
Under a DP-2 Broad form, which of the following is not
a Broad peril? - .....ANSWER ...✔✔ Vandalism
Which of the following incidents would not be excluded
under a DP-3 policy? - .....ANSWER ...✔✔ Burglary
of a property that was vacant for 30 consecutive days
Which of the following are losses excluded under
Coverage F? - .....ANSWER ...✔✔ An individual who
is eligible to receive disability insurance
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Which of the following will not provide a premium
discount from standard market workers comp insurance?
- .....ANSWER ...✔✔ Assigned Risk Plan
The face amount of a Surety bond is called the: -
.....ANSWER ...✔✔ Penalty
M has opened up his business, Tractors & Semis Sales,
LLC. His stock will be covered while it is being
transported, if he: - .....ANSWER ...✔✔ Adds the
equipment dealers floater
All of the following are correct about the Commercial
Endorsement regarding Spoilage EXCEPT: - .....ANSWER
...✔✔ Coverage extends to stock off premises
What is a certificate of authority? - .....ANSWER
...✔✔ The license required for an insurer to conduct
business in the state
A licensed producer who lives in another state &
transacts insurance in AZ is called: - .....ANSWER
...✔✔ A Non-Resident Producer
XCEL SOLUTIONS PROPERTY & CASUALTY
EXAM NEWEST 2025 COMPLETE ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+||BRAND
NEW!!!
An earned premium resulting from the cancellation of a
policy is calculated on: - .....ANSWER ...✔✔ On a pro
rata basis, based on the previous year's rate
M owns a parking garage & has coverage that states:
"We will cover losses regardless if you are legally
liable for the loss." This no-fault ideology will be found
under: - .....ANSWER ...✔✔ Excess Direct Coverage
An insurance company writing business in a state other
than the one in which it is domiciled is called: -
.....ANSWER ...✔✔ a Foreign
Y is running a home daycare out of their home & has just
earned $50,000 in her first year of business. Under an
HO policy, Y's daycare is defined as: - .....ANSWER
...✔✔ Not a business
,2|Page
Underwriting guards against - .....ANSWER ...✔✔
Adverse Selection
A licensee whose name or address changes must notify
the Dept of Insurance within _____ days: - .....ANSWER
...✔✔ 30 Days
Assumption of risk: - .....ANSWER ...✔✔ States that a
party will not collect damages because they should have
known what they were doing was risky
Under a DP-2 Broad form, which of the following is not
a Broad peril? - .....ANSWER ...✔✔ Vandalism
Which of the following incidents would not be excluded
under a DP-3 policy? - .....ANSWER ...✔✔ Burglary
of a property that was vacant for 30 consecutive days
Which of the following are losses excluded under
Coverage F? - .....ANSWER ...✔✔ An individual who
is eligible to receive disability insurance
, 3|Page
Which of the following will not provide a premium
discount from standard market workers comp insurance?
- .....ANSWER ...✔✔ Assigned Risk Plan
The face amount of a Surety bond is called the: -
.....ANSWER ...✔✔ Penalty
M has opened up his business, Tractors & Semis Sales,
LLC. His stock will be covered while it is being
transported, if he: - .....ANSWER ...✔✔ Adds the
equipment dealers floater
All of the following are correct about the Commercial
Endorsement regarding Spoilage EXCEPT: - .....ANSWER
...✔✔ Coverage extends to stock off premises
What is a certificate of authority? - .....ANSWER
...✔✔ The license required for an insurer to conduct
business in the state
A licensed producer who lives in another state &
transacts insurance in AZ is called: - .....ANSWER
...✔✔ A Non-Resident Producer
