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TEXAS PROPERTY AND CASUALTY INSURANCE EXAM LATEST 2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Losses caused by vandalism and malicious mischief are excluded
from coverage if a dwelling has been vacant for how many days -
ANSWER-60 days
In dwelling policies, any volcanic activity will be considered part of
one occurrence if its happens within how many hours? -
ANSWER-72 hours
Assuming the insurer and the insured agree on the amount of
payable for a loss covered under a dwelling policy, how soon after
receiving proof of lose must the insurer pay the claim? -
ANSWER-60 days
What is the purpose of National Flood Insurance Program
(NFIP)? - ANSWER-To fill the gap in flood coverage left by private
insurers.
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Why does the HO-4 form not provided dwelling coverage? -
ANSWER-HO-4 is written for the tenant residing in a rented
dwelling; the tenant does not own the dwelling.
How many owner-occupied residence per covered home are
allowed by homeowners policies? - ANSWER-An HO policy may
insurer a property that has 1-to 4- family owner-occupied
residences.
What are some of the 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, and government action.
What are the 5 coverages of dwelling policies? - ANSWER-
Coverage A - Dwelling, Coverage B - Other structures, Coverage
C - Personal property, Coverage D - Fair rental value, and
Coverage E - Additional living expenses
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What are the major coverages included in a homeowners policy?
- ANSWER-Coverage A-dwelling, Coverage B- Other structures,
Coverage C-personal property and coverage D Loss of use
Under Coverage C of a HO-3 policy, what is the amount of
insurance provided for personal property? - ANSWER-At least
50% of the coverage A limit ( this applies to all polices except for
HO-4 and HO-6)
What homeowners policy form is known as contents broad form?
- ANSWER-HO-4 contents broad form
what does form HO-5 cover? - ANSWER-The dwelling and other
structures, as well as contents and personal property
A basic dwelling policy automatically provides coverage against
what? - ANSWER-Fire, lighting, and internal explosion.
What do dwelling policies insure? - ANSWER-Dwelling only,
contents only, or both dwelling and contents
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In order for a forms HO-2, HO-3, and HO-5 to provide coverage, a
dwelling must be insured for at least what percentage of
replacement cost? - ANSWER-80%
What are the 2 liability coverages included in Homeowners policy
forms? - ANSWER-Coverage E-personal Liability, and Coverage
F- Medical payments for others.
What type of property can be covered under Inland Marine
insurance? - ANSWER-Any type of property that is portable on
land, as wells as mean of transportation and communication.
When a dwelling policy is cancelled for nonpayment of premium,
the insurer must give notice within how many days of the
cancellation? - ANSWER-10 days
What is mysterious disappearance? - ANSWER-Misplacement or
loss of property without knowledge as to the location, time and
cause of the loss.
TEXAS PROPERTY AND CASUALTY INSURANCE EXAM LATEST 2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Losses caused by vandalism and malicious mischief are excluded
from coverage if a dwelling has been vacant for how many days -
ANSWER-60 days
In dwelling policies, any volcanic activity will be considered part of
one occurrence if its happens within how many hours? -
ANSWER-72 hours
Assuming the insurer and the insured agree on the amount of
payable for a loss covered under a dwelling policy, how soon after
receiving proof of lose must the insurer pay the claim? -
ANSWER-60 days
What is the purpose of National Flood Insurance Program
(NFIP)? - ANSWER-To fill the gap in flood coverage left by private
insurers.
,2|Page
Why does the HO-4 form not provided dwelling coverage? -
ANSWER-HO-4 is written for the tenant residing in a rented
dwelling; the tenant does not own the dwelling.
How many owner-occupied residence per covered home are
allowed by homeowners policies? - ANSWER-An HO policy may
insurer a property that has 1-to 4- family owner-occupied
residences.
What are some of the 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, and government action.
What are the 5 coverages of dwelling policies? - ANSWER-
Coverage A - Dwelling, Coverage B - Other structures, Coverage
C - Personal property, Coverage D - Fair rental value, and
Coverage E - Additional living expenses
,3|Page
What are the major coverages included in a homeowners policy?
- ANSWER-Coverage A-dwelling, Coverage B- Other structures,
Coverage C-personal property and coverage D Loss of use
Under Coverage C of a HO-3 policy, what is the amount of
insurance provided for personal property? - ANSWER-At least
50% of the coverage A limit ( this applies to all polices except for
HO-4 and HO-6)
What homeowners policy form is known as contents broad form?
- ANSWER-HO-4 contents broad form
what does form HO-5 cover? - ANSWER-The dwelling and other
structures, as well as contents and personal property
A basic dwelling policy automatically provides coverage against
what? - ANSWER-Fire, lighting, and internal explosion.
What do dwelling policies insure? - ANSWER-Dwelling only,
contents only, or both dwelling and contents
, 4|Page
In order for a forms HO-2, HO-3, and HO-5 to provide coverage, a
dwelling must be insured for at least what percentage of
replacement cost? - ANSWER-80%
What are the 2 liability coverages included in Homeowners policy
forms? - ANSWER-Coverage E-personal Liability, and Coverage
F- Medical payments for others.
What type of property can be covered under Inland Marine
insurance? - ANSWER-Any type of property that is portable on
land, as wells as mean of transportation and communication.
When a dwelling policy is cancelled for nonpayment of premium,
the insurer must give notice within how many days of the
cancellation? - ANSWER-10 days
What is mysterious disappearance? - ANSWER-Misplacement or
loss of property without knowledge as to the location, time and
cause of the loss.
