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TEXAS PROPERTY CASUALTY INSURANCE EXAM
2025 ACTUAL EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
All of the following are supplemental payments included in the liability section of a personal auto policy EXCEPT
1) Up to $200 a day for loss of earnings due to attendance at hearings or trials.2) Up to $100 for the cost to secure the release of a vehicle from an impoundment lot following a covered accident.3) Up to $250 for bail bonds required because of a covered accident.4) Premiums on appeal bonds in any suit the insurer defends. - ANSWER-Up to $100 for the cost to secure the release of a vehicle from an impoundment lot following a covered accident.
What liability exposure is most likely for a small specialty clothing retail boutique? - ANSWER-Premises liability exposure
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The Employee Theft crime policy form includes a coverage extension that applies to employees temporarily outside the coverage territory for up to - ANSWER-90 days
Insurance is the transfer of - ANSWER-Risk
According to the loss payment condition in HO policies, losses must be paid within how many days of the insurer receiving proof of loss? - ANSWER-60 days
A grave marker was damaged by vandals. It would cost $3,000 to have the damage repaired. Under these circumstances, how much would a homeowners policy pay? - ANSWER-$3,000
What is the deductible of a commercial liability umbrella policy called? - ANSWER-SIR (self-insured retention)
What policy will help an auto dealership cover most of its liability exposures? - ANSWER-A garage liability coverage
How much coverage is provided under a homeowners policy for theft or unauthorized use of a credit card? - ANSWER-$500 2 / 3 Download at gaviki.comDownload at gaviki.com
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A unique feature in a bailee form is that it covers - ANSWER- Customers' property whether or not the insured has been negligent.
In Businessowners policies, which of the following additional coverages will require a deductible?
1) Extra expenses 2) Debris removal 3) Fire department service charge 4) Business income - ANSWER-Debris Removal
Workers compensation will pay under which of the following situations?
1) Only when the employer is engaging in a negligent act 2) Only when the employee is engaging in a negligent act 3) Only when an employee is at fault 4) Paid without consideration of fault or negligence on the part of either employee or employer - ANSWER-Paid without
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