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Texas Property & Casualty Final Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) $14.99
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Texas Property & Casualty Final Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)

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Texas Property & Casualty Final Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)

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Texas Property & Casualty Final Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Prope




Texas Property & Casualty Final Exam

Questions & Answers



1. Which of the following licensees works for a person who is licensed as a

property and casualty agent and explains coverage, describes insurance

products and quotes premium rates?

Answer Insurance service representative



2. Steven was having lunch with a group of agents when he made some false

statements about a competitor's financial condition in order to hurt their

reputation. In this case, Steven has committed which of the following acts?

Answer Defamation



3. Which of the following protects policyholders and claimants of impaired or

insolvent insurers that cannot pay their claims or benefits?

Answer Texas Property and Casualty Insurance Guaranty Association







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4. Janet has been continuously licensed as an agent in Texas for the past 25

years. Her friend Steven is a nonresident licensee in Texas and every

year completes his state's continuing education requirements. When they ask

you for advice on meeting the Texas continuing education requirements, you

inform them that

Answer

Neither Steve nor Janet needs to comply with Texas's continuing education

requirements

5. Which of the following statements BEST describes the transfer of risk via an

insurance contract?

Answer Not all risks are transferable via insurance contracts



6. Angela cannot obtain a homeowners insurance policy from a licensed

insurance company inTexas. From which entity will she likely be able to obtain

coverage?

Answer Fair Housing Plan



7. Kent stated on his application for property insurance that the roof of the

building being insured had been recently replaced. In fact, the replacement





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occurred 12 years ago. Kent made a false statement of a material fact, which is

also known as a

Answer Misrepresentation



8. The Texas Department of Insurance receives a written complaint about an

insurer that prompts an investigation. The Department uncovers evidence of an

elaborate money-laundering operation and determines that an undercover

investigation is necessary to obtain enough evidence to pursue a conviction of

the company's officers.Which of the following statements is true?

Answer TDI can withhold any notices to the complaining party until the investigation

is completed



9. Alex asks your advice seeking objective information about the financial

reliability of an insurance company from which he is considering the purchase of

insurance.You might suggest that he

Answer Check the company's financial rating from an established rating organization



10. Many large organizations self-insure up to a specific limit but buy insur-

ance to cover losses beyond that limit. Setting up a self-insurance program is an





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example of which method of handling risk?

Answer Risk retention









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