Free Property Casualty Basics Practice Questions
Texas Personal Lines Property & Casualty exam (series InsTX-PersPC55) — 137 practice questions.
Subtopics: Homeowners cancellation, Nonrenewal notice, FAIR Plan, Windstorm association, Guaranty association, Rate regulation, Consumer Bill of Rights, Homeowners early cancellation, Weather claim nonrenewal, Windstorm certificate, Replacement cost, Appraisal clause, Rate filing, Form filing, Accept or reject claim, Payment after acceptance, Catastrophe extension, Liability settlement notice, Customer inquiry, Statement of reasons, Material change on renewal, Insurer transfer, Noncompliant cancellation, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Coinsurance purpose, Coinsurance penalty math, Coinsurance no penalty, Deductible effect, Named perils, Open perils, Burden of proof, Subrogation, Salvage, Appraisal provision, Pro rata other insurance, Vacancy, Real vs personal property, Negligence, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Absolute liability, Vicarious liability, Comparative negligence, Liability limits, Binder, Endorsement, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Additional insured, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation, Conditions section, Definitions section, Pair or set clause, Inflation guard, Aggregate limit, Combined single limit, Sublimit, Retention, Primary vs excess coverage, Excess other insurance clause, Escape other insurance clause, Flat cancellation, Pro rata cancellation, Short-rate cancellation, Nonrenewal, Liberalization clause, No benefit to bailee, Loss payable clause, Sue and labor, Occurrence trigger, Retroactive date, Extended reporting period, Contributory negligence, Last clear chance, Res ipsa loquitur, Assumption of risk, Negligence per se, General vs special damages, Nominal damages, Direct vs consequential loss, Time element coverage, Catastrophe, Floater, Wear and tear exclusion, Inherent vice exclusion, Mysterious disappearance, Pollution exclusion, Earth movement exclusion, Personal injury offense, Duty to defend, Defense within limits, Statute of limitations, Pure premium, Exposure unit, Reasonable repairs, Actual cash value calculation, Valuation calculation, Other insurance calculation, Pro rata refund calculation, Waiver of subrogation, Mortgage clause, Defense costs, Insurable interest limit, Deductibles, Appraisal, Appraisal costs, Suit against insurer, Proof of loss, Loss payment timing, Insurer repair option, Pair or set, Recovered property, Concealment or fraud, Service agreements, Nuclear hazard, Neglect exclusion, Power failure exclusion, Governmental action
Read the Property Casualty Basics study guide
Sample questions & answers
1. For a Texas homeowners policy in force more than 60 days, midterm cancellation is generally allowed only for stated reasons with advance written notice of at least:
10 days
After the first 60 days a homeowners policy may be cancelled only for stated reasons, and cancellation is not effective until the 10th day after notice is mailed.
2. A Texas insurer that decides not to renew a homeowners policy must give the insured advance written notice of at least:
60 days
Unless the insurer mails written notice of nonrenewal at least 60 days before expiration, it must renew the policy at the insured's request.
3. The Texas FAIR Plan Association provides:
Residential property insurance in underserved areas to applicants unable to obtain it in the voluntary market
The FAIR Plan provides residential property insurance in underserved areas to insurable applicants who show two declinations.
4. Coastal Texas homeowners who cannot obtain windstorm and hail coverage in the voluntary market may use the:
Texas Windstorm Insurance Association (TWIA)
TWIA is the residual market providing windstorm and hail coverage in designated coastal areas of Texas.
All Personal Lines Property & Casualty topics
Practice: Property Casualty Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
