Texas Property and Casualty Insurance Policies. (State Test)
Questions and Answers 2024 with complete solution(Graded
A+)
The businessowners policy liability coverage will pay for necessary medical
expenses of others within what maximum time period? - CORRECT ANSWERS
1 Year
Which of the following covers a carrier for liability for loss to cargo while it is being
transported in a truck? - CORRECT ANSWERS Moto truck cargo policy-
truckers form
In which of the following types of property valuation will the policy pay the full value
specified on the policy schedule, regardless of the insured property's appreciation or
depreciation? - CORRECT ANSWERS Agreed Value
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP)
contains a seasonal increase provision that automatically increases the limit of
insurance for business personal property by - CORRECT ANSWERS 25%
In which type of commercial crime policy coverage is triggered by a loss that
happens during the policy period but is not necessarily discovered during the policy
period? - CORRECT ANSWERS Loss sustained form
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within how many days of receiving proof of
loss? - CORRECT ANSWERS 30 Days
Under a dwelling policy, which of the following is NOT a factor in determining a loss?
- CORRECT ANSWERS The amount negotiated by the insured
Which professional liability form provides form coverage for liability arising out of
malpractice, error, or mistakes made in rendering professional services? - CORRECT
ANSWERS Physicians, surgeons and dentists malpractice
Which of the following would be covered under the crime coverage inside the
premises - theft of money and securities? - CORRECT ANSWERS loss or
damage to a locked safe, vault, or cash register
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