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

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  • October 31, 2024
  • 84
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • texas property casualty insurance insurance

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  • TEXAS PROPERTY AND CASUALTY
  • TEXAS PROPERTY AND CASUALTY

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




Texas Property & Casualty Insurance Exam

Questions & Answers


1. Which part of an insurance policy describes the responsibilities and obliga-

tions of both the insurance company and the insured under the policy?

Answer Con-ditions



2. The limits of liability are found in which of the following sections of a

casualty policy?

Answer Declarations



3. The page in an insurance contract contains information about the risk,

the effective date of coverage, deductible, premium amounts, coinsur- ance

percentage, and location of the insured property.

Answer Declarations



4. The insured is looking for the amount of coverage in a property and casualty






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policy.This information would be found in the .

Answer declarations



5. The coverages offered by an insurance policy are described in the .

Answer -

insuring agreement



6. The purpose of the conditions section of an insurance policy is to list the

of the insured and the insurance company.

Answer obligations



7. The list of perils covered under a policy is found in which part of the

policy?

Answer Insuring agreement



8. The Declarations page consists of 5 P's. Person or property, policy number,

policy term, policy limit and .

Answer premium







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9. The Insuring agreement describes coverage provided and which are

covered.

Answer perils



10. Lost rent is covered by . Limited by 20% of coverage A.

Answer Coverage D



11. Under which of the dwelling forms may the insured be reimbursed for the

replacement cost of a dwelling when it is destroyed?

Answer DP-2 and DP-3



12. The insured has a DP-3 covering a home that has a replacement value of

$100,000. The insured carries $60,000 of insurance. Following a loss, it is

determined that it would cost $12,000 to replace the damaged portion of the

home. How much could the insured collect, assuming the ACV of the loss is

$6,000?

Answer $9000



13. Damage to covered property caused by glass breakage is covered in





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.

Answer DP2 and DP3



14. Which dwelling forms pay losses to dwellings and other structures on an

actual cash value basis?

Answer DP1



15. Which dwelling forms pay losses to personal property on an actual cash

value basis?

Answer DP1, DP2 and DP3



16. Would an earthquake that causes a fire that destroys an insured's homebe

covered by a DP1?

Answer yes



17. A dwelling policy with no endorsements attached contains personal prop-

erty coverage, dwelling coverage and .

Answer medical payments coverage







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