TEXAS PROPERTY AND CASUALTY 2024 EXAM QUESTIONS WITH VERIFIED CORRECT SOLUTIONS || ALREADY GRADED A+
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TEXAS PROPERTY AND CASUALTY
Institution
TEXAS PROPERTY AND CASUALTY
TEXAS PROPERTY AND CASUALTY
2024 EXAM QUESTIONS WITH
VERIFIED CORRECT SOLUTIONS ||
ALREADY GRADED A+
A tenant agrees to keep the leased premises in a clean and tidy
condition. A pedestrian was injured by junk and debris on the sidewalk.
This injury to the pedestrian would...
TEXAS PROPERTY AND CASUALTY
2024 EXAM QUESTIONS WITH
VERIFIED CORRECT SOLUTIONS ||
ALREADY GRADED A+
A tenant agrees to keep the leased premises in a clean and tidy
condition. A pedestrian was injured by junk and debris on the sidewalk.
This injury to the pedestrian would be covered by which section of a
commercial liability policy?
a. Contractual Liability
b. Premises and Operations
c. Independent Contractors Liability
d. Owner's and Contractor's Protective - ANSWER ✔ B.
Premises and Operations
Medical payments covers a tenant injured:
a.in the unit occupied by the landlord.
b.in the tenant's unit. - ANSWER ✔ A.
In the unit occupied by the landlord.
Employment Practices Liability will cover which of the following
claims?
a.the cost of complying with the Americans With Disabilities Act
,b.discrimination claims
c.workers compensation
d.the expense of a union strike - ANSWER ✔ B.
Discrimination claims.
Although the EPL will cover discrimination claims, the other issues
listed are specifically excluded.
The difference between Coverage E and Coverage F in the farm
personal property coverage form is:
A) Coverage E applies to other Private structures while Coverage F
applies to loss of use.
B) Coverage E is a reporting form but Coverage F is not.
C) Insurance is scheduled under Coverage E but a blanket limit applies
to Coverage F.
D) Coverage E is for liability while Coverage F is for medical payments
- ANSWER ✔ C.
Insurance is scheduled under Coverage E but a blanket limit applies to
Coverage F.
Classes of property are scheduled under Coverage E. Coverage F is
covers farm personal property on a blanket basis both on and off the
insured premises.
All of the following losses of cattle would be covered under a broad
form farm policy EXCEPT:
A) loss due to disease.
B) loss due to an accident while loading into railroad cars.
C) loss due to attacks by wild animals.
D) loss due to accidental shooting of the cattle by a neighbor. -
ANSWER ✔ A.
Loss due to disease.
,The causes of loss--broad form for the farm property form adds coverage
for accidents involving loading or unloading, attacks on covered
livestock by dogs or wild animals, and loss due to accidental shooting.
Loss due to disease is NOT covered.
An insured who needs coverage against the breakdown of boilers and
other machinery and equipment should purchase:
A) commercial property coverage.
B) difference in conditions coverage.
C) comprehensive general liability coverage.
D) equipment breakdown coverage. - ANSWER ✔ D.
Equipment Breakdown Coverage.
EBC (or Boiler /Machinery Coverage) can be used to insure boilers,
machinery, and other equipment for both direct loss and indirect loss.
Which one of the following exposures to loss is NOT covered by the
equipment breakdown protection coverage form?
A) Business income.
B) Spoilage damage.
C) Utility interruption.
D) Fire or combustion explosion. - ANSWER ✔ D.
Fire or combustion explosion.
The policy excludes fire or combustion explosion because fire damage is
covered by standard commercial property forms.
Aircraft hull insurance will provide coverage for which of the
following?
A) Damage to or loss of the aircraft hull, fuselage, and personal injury
caused.
B) Damage to or loss of the aircraft hull or fuselage.
, C) Damage to or loss of the aircraft hull, fuselage, and medical
payments.
D) Damage to or loss of the aircraft hull, fuselage, and property damage
to others. - ANSWER ✔ B.
Damage to or loss of the aircraft hull or fuselage.
Which of the following is considered to be a "custodian" under a
commercial crime policy?
a.janitor
b.customer
c.owner, partner, employee, or manager
d.watchperson - ANSWER ✔ C.
Owner, partner, employee, or manager.
A "custodian" is someone authorized to regularly have custody of the
goods on premises.
A consent to settle provision protects the reputation of the:
a.insured
b.insurer - ANSWER ✔ A.
Insured
Self-insurers must comply with work comp regulations by:
a.having a letter signed by the management team indicating solvency
b.requiring the workers to pay for their work comp
c.having at least $10,000,000 in cash to pay claims
d.complying with state regulations - ANSWER ✔ D.
Complying with state regulations.
The Inside the Premises -Theft of Money and Securities Form covers
money:
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