GA PROPERTY & CASUALTY TEST
QUESTIONS| WITH ALREADY SOLVED
CORRECTLY ANSWERS!! | ASSURED
SUCCESS
PURE RISK - 🧠 ANSWER ✔✔TYPE OF RISK WHICH INSURANCE
COMPANIES WILL INSURE IS CALLED?
RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE
INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE.
HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING
DEBT. THIS MIGHT INDICATE? - 🧠 ANSWER ✔✔MORAL HAZARD
PURE & SPECULATIVE RISK - 🧠 ANSWER ✔✔THE RISK OF LOSS MAY
BE CLASSIFIED AS?
AGGREGATE LIMIT OF LIABILITY - 🧠 ANSWER ✔✔Defined as the
MAXIMUM LIMIT of coverage available under a liability policy DURING A
POLICY YEAR- irregardless of the number of choices that may occur
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, COMBINED SINGLE - 🧠 ANSWER ✔✔MAMA IS DRIVING HER CAR
THROUGH A RESIDENTIAL AREA AND LOOSES CONTROL OF THE
CAR AND CRASHED INTO CASY'S FRONT PORCH. CASEY GETS
INJURED. MAMA'S LIABILITY INS. POLICY HAS A LIMIT SET AT
$500,000. THIS AMOUNT APPLIES TO THE TOTAL OF DAMAGES FOR
ANY BODILY INJURY AND PROPERTY DAMAGE RESULTING FROM
ONE ACCIDENT.
Which type of limit of liability does Mama have?
RETENTION - 🧠 ANSWER ✔✔WHEN A PERSON DECIDES NOT TO BUY
INSURENCE BECAUSE OF THE COST - WHAT METHOD OF RISK AS
BEEN UNDERTAKEN?
THE LAW - 🧠 ANSWER ✔✔LEGAL LIABILITY IS WHEN A PERSON IS
CONSIDERED LIABLE FOR DAMAGE ACCORDING TO?
RETENTION - 🧠 ANSWER ✔✔WHEN APRIL PURCHASED AN
INSURENCE PLOICY WITH A LARGE DEDUCTIBLE - WHAT RISK
MANAGEMENT TECHNIQUE WAS SHE PARCTICING?
APPRAISAL,
CANCELLATION & NON-RENEWAL, AND
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
QUESTIONS| WITH ALREADY SOLVED
CORRECTLY ANSWERS!! | ASSURED
SUCCESS
PURE RISK - 🧠 ANSWER ✔✔TYPE OF RISK WHICH INSURANCE
COMPANIES WILL INSURE IS CALLED?
RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE
INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE.
HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING
DEBT. THIS MIGHT INDICATE? - 🧠 ANSWER ✔✔MORAL HAZARD
PURE & SPECULATIVE RISK - 🧠 ANSWER ✔✔THE RISK OF LOSS MAY
BE CLASSIFIED AS?
AGGREGATE LIMIT OF LIABILITY - 🧠 ANSWER ✔✔Defined as the
MAXIMUM LIMIT of coverage available under a liability policy DURING A
POLICY YEAR- irregardless of the number of choices that may occur
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, COMBINED SINGLE - 🧠 ANSWER ✔✔MAMA IS DRIVING HER CAR
THROUGH A RESIDENTIAL AREA AND LOOSES CONTROL OF THE
CAR AND CRASHED INTO CASY'S FRONT PORCH. CASEY GETS
INJURED. MAMA'S LIABILITY INS. POLICY HAS A LIMIT SET AT
$500,000. THIS AMOUNT APPLIES TO THE TOTAL OF DAMAGES FOR
ANY BODILY INJURY AND PROPERTY DAMAGE RESULTING FROM
ONE ACCIDENT.
Which type of limit of liability does Mama have?
RETENTION - 🧠 ANSWER ✔✔WHEN A PERSON DECIDES NOT TO BUY
INSURENCE BECAUSE OF THE COST - WHAT METHOD OF RISK AS
BEEN UNDERTAKEN?
THE LAW - 🧠 ANSWER ✔✔LEGAL LIABILITY IS WHEN A PERSON IS
CONSIDERED LIABLE FOR DAMAGE ACCORDING TO?
RETENTION - 🧠 ANSWER ✔✔WHEN APRIL PURCHASED AN
INSURENCE PLOICY WITH A LARGE DEDUCTIBLE - WHAT RISK
MANAGEMENT TECHNIQUE WAS SHE PARCTICING?
APPRAISAL,
CANCELLATION & NON-RENEWAL, AND
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
