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  2. Illinois
  3. Property & Casualty
  4. Commercial Property Policies

Free Commercial Property Policies Practice Questions

Illinois Property & Casualty exam — 28 practice questions.

Subtopics: Building and personal property, Causes of loss forms, Business income, Commercial package, Equipment breakdown, Coinsurance, Builders risk, Extra expense, Ordinance or law, Inland marine, Reporting form, Causes of loss special form, Agreed value, Peak season endorsement, Spoilage coverage, Causes of loss basic form, Newly acquired property, Functional valuation, Causes of loss broad form, Debris removal, Brands and labels, Pollutant cleanup, Legal liability coverage form, Tenant improvements, Earthquake coverage

Read the Commercial Property Policies study guide

Sample questions & answers

1. The Building and Personal Property Coverage Form (BPP) covers all of the following EXCEPT:

The insured's legal liability to customers

The BPP is a property form covering buildings and contents; liability exposures are insured separately under a liability coverage part.

2. Which Causes of Loss form provides the broadest, open-peril commercial property coverage?

Special Form

The Special Form (CP 10 30) is open-peril, covering all direct physical loss except what is specifically excluded.

3. Business Income coverage is designed to pay for:

Loss of net income plus continuing normal operating expenses during the period of restoration after a covered loss

Business Income replaces the net income and continuing expenses the business would have earned had no covered loss occurred, during the period of restoration.

4. A Commercial Package Policy (CPP) is assembled by combining two or more coverage parts attached to a:

Common policy declarations and common policy conditions

A CPP joins two or more coverage parts under shared common policy declarations and conditions.

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Practice: Commercial Property Policies

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.