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Texas Insurance Practice Exam Questions and Answers 2024 / 2025 (Verified Answers by Expert)
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Texas Insurance Practice Exam Questions and Answers 2024 / 2025 (Verified Answers by Expert)
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Texas Insurance Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/Texas%20Insurance%20PractTexas Insurance Practice Exam Questions &
Answers
1. Subrogration may follow which of the following events?
ANS An insured collects from her insurance company for damages caused by a third party
2. Medical payments coverage under a BOP applies to expenses incurred by non-insureds
for bodily injury and reported to the insurer within
ANS One year after the accident
3. Claims expenses covered under Section II - Personal Liability of the stan- dard
Homeowners forms do NOT pay for which of the following?
ANS Loss of the insured's earnings subject to a pre-determined limit of $300 per day
4. Which statement best describes "defense" coverage under the Section II - Liability
coverage of the Businessowners policy?
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ANS Defense costs are not subject to a limit
5. Under an aircraft policy what is NOT a covered territory usually covered (unless
endorsed) while the aircraft is in flight?
ANS Costa Rico
6. Under a standard Equipment Breakdown policy, the full replacement cost will be paid
on the claim, if the equipment is repaired within what time period following the loss?
ANS 24 months
7. When a licensee in Texas receives an inquiry from the Insurance Department regarding
their insurance transactions, he or she must respond in writing
ANS Not later than the 15th day after the date the inquiry is received
8. The sprinkler leakage coverage of a Commercial Property form does not provide
coverage for
ANS damage to growing crops from malfunctioning sprinklers
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9. Under the appraisal clause in a commercial inland form, which of the follow- ing is true?
ANS the insurer still retains its right to deny the claim entirely
10. All of the following statements are true regarding state Guaranty Associ- ations,
Except
ANS The fund assists insurers in gaining new insurance business by allowing them to
advertise their membership in the Guaranty Association.
11. The Personal Inland Marine coverage form that covers clothing, cameras and other
portable property worn or carried by tourists and travelers is known as a
ANS Personal Effects floater.
12. Each of the following is a feature of Business Income Coverage, EXCEPT-
ANS Monetary deductibles. .
13. The limits of the Employers' Liability section of a standard workers' com- pensation
policy are
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