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LOUISIANA PROPERTY AND CASUALTY EXAM PSI &
EXAMFX VERSION 1 AND 2 NEWEST 2026 ACTUAL
EXAM COMPLETE QUESTIONS AND 100%CORRECT
DETAILED ANSWERS (VERIFIED AND GRADED
A+||BRAND NEW!!!
VERSION 1
When an insurance selects symbol two on the automobile
declarations, indicating coverage for any auto title to the
insured, which of the following automobile types will be
covered? - ANSWER-Owned autos only
What forms the basis of a loss under an insured policy? -
ANSWER-A loss
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What is another way of describing the structure of a
mutual insurance company? - ANSWER-Participating
Roy brought his house 10 years ago for 150,000 but it
would cost 200,000 to rebuild it today. Because his house
is in a highly desirable area, it's Fair Market Value
$275,000. What amount should the agent recommend that
Roy insure his house for to provide replacement cost for a
total loss?
A) 150,000
B) 160,000
C)275,000
D) the ACV of the house - ANSWER-B) 160,000
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A participating company headquartered in a Guam
authorized to do business in your state would be
described as which company?
A) an admitted, foreign mutual company
B) an admitted, alien mutual company
C) an authorized foreign stock company
D) an authorized alien mutual company - ANSWER-A) an
admitted, foreign mutual company
Ned purchases his business insurance on a calendar year
basis. Even though his $10,000 premium is pre-paid
through December 31 he decides to cancel on July 1
because he is selling his business. If he is due a prorated
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refund what should he receive? - ANSWER-A) Somewhat
more than 5,000
B) Somewhat less than 5,000
C) 5,000 **
D) imposible to determine from the information given
A company has Liability insurance from two policies
written for different amounts. If the company sustains a
covered loss, how are the laws be paid? - ANSWER-
A)Double benefits will be paid
B)The policy purchased first will pay the entire claim
C) Pro rata benefits equal to the proportion of the policy
limits each will be paid ****
D) No benefits are payable since this is illegal
LOUISIANA PROPERTY AND CASUALTY EXAM PSI &
EXAMFX VERSION 1 AND 2 NEWEST 2026 ACTUAL
EXAM COMPLETE QUESTIONS AND 100%CORRECT
DETAILED ANSWERS (VERIFIED AND GRADED
A+||BRAND NEW!!!
VERSION 1
When an insurance selects symbol two on the automobile
declarations, indicating coverage for any auto title to the
insured, which of the following automobile types will be
covered? - ANSWER-Owned autos only
What forms the basis of a loss under an insured policy? -
ANSWER-A loss
,2|Page
What is another way of describing the structure of a
mutual insurance company? - ANSWER-Participating
Roy brought his house 10 years ago for 150,000 but it
would cost 200,000 to rebuild it today. Because his house
is in a highly desirable area, it's Fair Market Value
$275,000. What amount should the agent recommend that
Roy insure his house for to provide replacement cost for a
total loss?
A) 150,000
B) 160,000
C)275,000
D) the ACV of the house - ANSWER-B) 160,000
,3|Page
A participating company headquartered in a Guam
authorized to do business in your state would be
described as which company?
A) an admitted, foreign mutual company
B) an admitted, alien mutual company
C) an authorized foreign stock company
D) an authorized alien mutual company - ANSWER-A) an
admitted, foreign mutual company
Ned purchases his business insurance on a calendar year
basis. Even though his $10,000 premium is pre-paid
through December 31 he decides to cancel on July 1
because he is selling his business. If he is due a prorated
, 4|Page
refund what should he receive? - ANSWER-A) Somewhat
more than 5,000
B) Somewhat less than 5,000
C) 5,000 **
D) imposible to determine from the information given
A company has Liability insurance from two policies
written for different amounts. If the company sustains a
covered loss, how are the laws be paid? - ANSWER-
A)Double benefits will be paid
B)The policy purchased first will pay the entire claim
C) Pro rata benefits equal to the proportion of the policy
limits each will be paid ****
D) No benefits are payable since this is illegal
