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  2. Texas
  3. Personal Lines Property & Casualty
  4. Property Casualty Basics

Free Property Casualty Basics Practice Questions

Texas Personal Lines Property & Casualty exam (series InsTX-PersPC55) — 51 practice questions.

Subtopics: Homeowners cancellation, Nonrenewal notice, FAIR Plan, Windstorm association, Guaranty association, Rate regulation, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Replacement cost, 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, Certificate of insurance, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation

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 60 days, a residential property policy may be cancelled midterm only for specified reasons with at least 10 days advance written notice.

2. A Texas insurer that decides not to renew a homeowners policy must give the insured advance written notice of at least:

30 days

Nonrenewal of a personal lines property policy requires advance written notice (generally at least 30 days).

3. The Texas FAIR Plan Association provides:

Basic property insurance to those unable to obtain it in the voluntary market

The Texas FAIR Plan is a residual market that provides basic property coverage to eligible applicants who cannot obtain it normally.

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

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.