Texas State Government Employees Insurance Company (GEICO) Licensing Practice Test

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• What coverage applies when bodily injury and property damage arise from the ownership or use of a garage?
• What does a permanent total disability signify for an employee?
• Which bond ensures the responsible party manages assets in the best interest of a minor?
• What is a key feature of bailees customer policies in inland marine insurance?
• For how long does Personal Auto coverage apply in Mexico?
• Who is required to have a bond in the context of public adjusters?
• Who is primarily responsible for investigating and verifying the cause of a loss?
• What is indicated by the 'CGL Nonrenewable notice'?
• Which types of items are not insured under a flood policy?
• What is another term for run-off coverage?
• Which type of floater provides all-risk coverage for personal items such as cameras?
• Which type of policy would cover risks related to the transportation of items across the continent?
• In ocean marine insurance, which risk involves delays or disruptions unrelated to accidents?
• What is the purpose of participation plans in Workers’ Compensation insurance?
• Which of the following is NOT a characteristic of embezzlement?
• Which of the following ensures that a ship's course won't deviate during a voyage?
• What is the definition of 'dwelling' in the context of flood insurance?
• What is primarily covered under the term 'premises liability'?
• What type of liability covers professionals failing to meet the expected standard of care?
• What kind of operations are covered by premises and operations coverage in garage liability?
• What is the overall purpose of having a General Liability Insurance policy?
• What is the Personal and Advertising Injury Limit in a CGL policy?
• What is the tree limit typically defined as in a homeowner's policy?
• What is one of the criteria for a risk to qualify for inland marine coverage under the Nationwide Marine Definition?
• Which employment categories are typically exempt from Workers' Compensation law?
• What does Dealers Physical Damage coverage protect against?
• For how long is a temporary Texas insurance license valid?
• Which of the following is an example of 'other structures'?
• What is the automatic fine amount for failing to obtain the required continuing education hours?
• What is the primary goal of flood insurance policies such as those provided by NFIP?
• Which type of bond is issued for individuals involved in contract construction?
• What does the disability benefit in Workers Compensation cover?
• Which of the following actions best exemplifies jettison?
• What triggers the payout of a fidelity bond?
• What does 'loss of use' coverage provide for the insured?
• How long is a Texas insurance license considered valid?
• Which document must accompany an agent to represent multiple insurers?
• Which item is covered under the building structure flood insurance policy?
• What does ocean marine insurance primarily cover?
• What are the exceptions that disallow an employee from receiving workers' compensation benefits?
• Which listed peril is associated with the coverage for personal property in an HO-B policy?
• Under an HO-B policy, what is the coverage status of personal property in a building if damage occurs due to an opening in the roof?
• How long of notice must an insurer give for the non-renewal of an insured property or liability policy?
• Regarding classes taken for continuing education, what is the maximum penalty for missing the required number of hours?
• What does the Products Completed Operations Limit cover?
• Which coverage protects for loss to specific valuable papers and records?
• When should adjusters set appointments to meet with policyholders?
• What is the primary purpose of a Personal Property Floater?
• Which of the following perils is covered under the personal property section of the HO-B policy?
• What characterizes distributive negotiation?
• What is covered by the running down clause in ocean marine policy?
• What should an adjuster include as part of the claims process?
• A newly licensed agent can represent how many insurers at a time?
• What is the primary focus of electronic data processing coverage?
• Which type of bond is considered a good faith guarantee that a bidder will fulfill contract obligations?
• How is the Workers’ Compensation premium finalized at the end of the term?
• What must an insured provide if they do not want their policy renewed?
• What is the limit of coverage in a blanket position bond?
• What does the WYO program stand for in relation to flood insurance?
• Which type of negotiation is defined as interest-based or principled negotiation?
• What does forgery or alteration coverage pay for?
• Which property in transit policy protects both the shipper and receiver from loss during transit?
• How long does an insurer have to acknowledge a new claim, begin investigation, and request all items?
• What type of cargo does inland marine coverage include?
• Which exclusion is common in property in transit policies?
• What are the three parts of a contract bond?
• What is the primary purpose of a bid bond?
• What does fund transfer fraud insurance protect against?
• How long does the insurer have to pay or issue a full/partial denial of a claim once evaluated?
• How long can an employee expect to receive temporary total disability benefits?
• Which form does the Business Auto Coverage Form NOT apply to?
• The term "barratry" most directly refers to acts committed by whom?
• What is the role of an ombudsman in workers' compensation?
• What quality is essential for an adjuster to effectively communicate with policyholders?
• What is the primary function of an insurance agent?
• For mobile home coverage, what is allowed as an expense for moving under duress?
• What is covered under Section D of Mobile Home Coverage?
• Which of the following forms of loss is covered under the tree, shrubs, plants, and lawns section of the HO-B policy?
• How can employers acquire Workers Compensation coverage?
• Who is classified as a licensee in premises liability?
• What is meant by 'enclosure' in flood policy terms?
• Under an HO-B policy, what is the limit of liability for personal property?
• What does employee theft coverage protect against?
• What types of bonds are classified under contract bonds?
• What are the minimum liability limits for auto insurance in Texas?
• What does a position schedule bond do?
• What is the minimum coverage requirement for RCV in flood insurance?
• Is pollution covered under a standard CGL policy?
• How many days prior to cancellation must an insured give notice for a liability policy?
• Which of the following is NOT an element of good service for an insurance adjuster?
• What does "flood deductibles" refer to?
• What should be the demeanor of an adjuster when faced with challenging communication?
• What does PIP coverage under personal auto liability cover?
• What type of coverage does the TDP 1 policy not include?
• Which type of insurance coverage is primarily concerned with damages during a specified period?
• What is the purpose of jettison in maritime terms?
• What is the coverage feature of floaters in inland marine policies?
• How is personal property valued in a flood policy?
• What is the waiting period before legal action can be taken against an insurer after filing proof of loss?
• Which type of insurance covers loss of use for mobile homes?
• What does an adjuster bond guarantee?
• Which classification represents moderate to low risk flood areas?
• How long does coverage for newly acquired jewelry or furs last under a Personal Articles Floater?
• Which of the following refers to the incentive given to ship operators to assist in salvage operations?
• Who are the typical beneficiaries of dwelling forms?
• What is the maximum number of same type licenses an agent can hold concurrently?
• Which of the following is included in personal property coverage?
• What crime involves the theft of property with visible marks of forced entry?
• What three key traits should an adjuster exhibit when communicating with a policyholder?
• What is temporary partial disability?
• Which of the following describes defamation in the context of insurance?
• What type of bond protects the obligee from having to pay twice?
• What is typically covered under 'other structures' in a homeowner's policy?
• How does the CGL policy typically handle multiple claims from a single incident?
• How long is the written notice the Commissioner must give before revoking a certificate of authority?
• What does a trip transit policy primarily insure?
• What is the coverage limit for jewelry and furs under Coverage B?
• Which of the following actions can lead to the denial of a Texas insurance license?
• Which of the following is typically excluded in ocean marine insurance policies?
• If a license has expired for 90 days or less, what must an applicant do for renewal?
• What is the time frame for coverage extension during a consolidation or merger?
• What type of property is mentioned as business personal property under Coverage B?
• What documentation is essential when denying a claim?
• What does 'grandfathering' refer to in flood insurance rules?
• What does Accounts Receivable Coverage apply to?
• Which type of fraud is associated with instructions received from a bank?
• Which type of bond relates to a license or permit but is not specifically for a government agency?
• Can an insurer non-renew a policy that is less than one year old?
• What characterizes particular average losses?
• What does an inland marine policy typically cover beyond cargo?
• In regard to ongoing education, how long must an adjuster have held a license to be exempt from the full education requirement?
• What does the experience modification factor accomplish in Workers’ Compensation insurance?
• What is a crucial element to the claim adjustment process?
• Which of the following describes 'rehabilitation benefits' under Workers Compensation?
• Which event would be categorized under perils of the sea?
• What is the main challenge of flood insurance claims related to properties?
• What was the primary purpose of the Federal Employees Liability Act enacted in 1908?
• What is the notice period required for cancellation of a personal auto policy for nonpayment?
• Which of the following is NOT a type of license mentioned?
• What type of policy is an HO-B?
• What is the purpose of the survivor benefit?
• What type of coverage does Personal Watercraft Coverage include?
• Which type of disability is characterized by a permanent physical impairment that results in only partial loss of earning ability?
• What is the purpose of an implied warranty regarding the legality of the voyage?
• What does ICC stand for in the context of flood insurance?
• Who is responsible for underwriting all flood coverage in the United States?
• Does inland marine coverage include infrastructure used in transporting products?
• What is a key characteristic of the TDP 3 insurance policy?
• Which area is defined as a 'basement' in flood insurance terms?
• What type of coverage addresses losses from forgery or alteration of checks?
• What is defined as the percentage deductible on a homeowner's insurance policy?
• What methods can an employer use to report an injury or illness to its insurance carrier?
• Which category of construction began on or after December 31, 1974?
• What does ACV stand for in the context of insurance?
• How do integrative negotiations create value?
• How many sections are there in a flood policy?
• Which of the following best describes theft?
• General average losses occur when:
• How must a claim be denied according to insurance protocols?
• What is the primary purpose of the Business Auto Coverage Form?
• What is the purpose of the deductible clause in an insurance policy?
• What is the Fire Damage Legal Liability Sub-limit in a CGL policy?
• What is the primary purpose of loss of rents coverage in the TDP 2?
• What does larceny involve?
• What characterizes the market for flood insurance among private insurers?
• What is one way an employer may self-insure Workers Compensation?
• What is the limit for Increased Cost of Compliance coverage?
• What should employers consider when calculating the costs associated with Workers’ Compensation insurance?
• Who is specifically cited as having higher auto liability rates among demographics?
• Which policy protects neon, fluorescent, or mechanical electrical signs?
• Under what condition is RCV applied for building flood damage?
• When does a bond typically expire?
• What does contract bond include in its definition?
• What is the maximum amount covered for stolen personal property under Coverage B?
• Which of the following is NOT classified as a type of workers' compensation disability?
• What type of damage is covered by an HO-B policy for sudden accidental leakage?
• What is prior acts coverage in a general liability policy?
• What is a non-negotiable aspect of Workers Compensation claims?
• What role does the surety have in a bond?
• What does a retrospective rating charge reflect?
• What does barratry refer to in maritime law?
• What term describes a bond that guarantees payment of obligations under a contract?
• What is the coverage limit for contents under flood insurance?
• What is considered part of premises burglary coverage?
• Which of the following is classified as perils of the sea?
• What kind of property is covered under premises burglary insurance?
• Which type of marine insurance specifically covers loss of cargo being shipped?
• Which action is critical in dealing with a difficult policyholder?
• Which of the following is an example of an other block policy?
• What type of coverage does TDP 2 primarily offer?
• What defines a "pre-FIRM construction" according to the guidelines?
• Which type of coverage helps to demolish or elevate your home?
• What does the term "fault-based" refer to in the context of the Federal Employees Liability Act?
• What does the Federal Black Lung Benefits Act provide compensation for?
• What does the equipment dealers coverage form primarily cover?
• What is typically NOT included in the personal property coverage?
• Which of the following is NOT a component of the Inchmaree clause?
• Which of the following is NOT a covered peril for dwelling under an HO-B policy?
• What does cargo insurance cover?
• What does coverage for shrubs and bushes fall under?
• Which method determines the Workers' Compensation premium based on employee payroll?
• What does the exclusion regarding "dampness due to extreme temperatures" under personal property coverage refer to?
• What is covered by computer fraud insurance?
• What is the area of law that holds manufacturers and sellers accountable for product-related injuries?
• What is indicated by a certificate of authority for an insurer?
• Which type of business personal property is not covered under Coverage B?
• What is the role of the WYO in the National Flood Insurance Program?
• What is the fundamental aspect of the Federal Employees Liability Act?
• What happens after a second offense of driving without insurance in Texas?
• What does a fixed transportation policy provide coverage for?
• Which of the following is a form of Commercial General Liability?
• What does the General Aggregate Limit refer to in a CGL policy?
• When can an insurer refuse to renew a policy due to claims made?
• Which act provides Workers Comp protection for the maritime industry?
• Which coverage is included in the TDP 2 policy?
• What evidence might be required if requested during the licensing process?
• What defines a trespasser in premises liability?
• What is the timeframe to pay an automatic fine after it is issued?
• What is characterized as the dishonest taking of property face to face?
• How is the TDP policy generally viewed for landlords?
• What does "open perils coverage" imply in insurance terms?
• What is the penalty for a first offense of driving without insurance in Texas?
• What is one potential benefit for employers who maintain a lower-than-average loss record in Workers’ Compensation?
• Who is likely to have the highest auto liability rates?
• How is policy cancellation notice for a personal auto policy handled within 60 days of inception?
• What is the purpose of commercial articles insurance?
• What does the occurrence policy cover?
• Which coverage is specifically designed for workers who suffer from job-related injuries or diseases?
• What type of property does TDP 3 typically have less coverage for?
• What type of workers' compensation disability involves a complete loss of earning ability?
• Is the TDP 2 policy considered an all-risk policy?
• How soon must an insurer provide written notice before canceling a Workers’ Compensation policy?
• What are the reasons an insurer can cancel a policy after the 60-day initial policy period?
• What does forgery typically include?
• What does compulsory Workers Compensation mean for employers?
• What does Protection and Indemnity insurance encompass in ocean marine policies?
• What is considered the oldest form of insurance?
• What additional types of currency does money orders and counterfeit paper currency coverage include?
• What type of bond protects an estate's assets from misuse?
• Which factor determines the eligibility of coverage for single-family dwellings under flood insurance?
• What is described as 'natural grade' in flood policy?
• What does the term "open perils basis" in insurance generally refer to?
• How is the replacement cost value (RCV) determined for flood insurance?
• What is one of the main purposes of Workers Compensation laws?
• What is the maximum time after which a SFIP can be replaced?
• Which of the following is an implied warranty in an ocean marine contract?
• What can be a consequence of not having a certificate of authority?
• Which of the following is NOT a benefit covered under Worker’s Compensation?
• What program must communities participate in to allow the sale of flood insurance?
• What is typically not covered under Coverage B according to the text?
• What topics must an adjuster focus on for at least 2 hours in their continuing education?
• What does dwelling coverage typically include?
• What is the key characteristic of an occurrence policy?
• What is the continuing education requirement for adjusters every 2 years?
• Which bond covers losses from dishonest acts by multiple employees acting together?
• What does freight insurance cover for shipping businesses?
• Which policy provides coverage for people responsible for temporary custody of clients' goods?
• Which of the following is NOT covered under the flood policy for personal property?
• In which situation would a burglary occur?
• What does premises burglary insurance exclude from its coverage?
• What kind of structures are not covered under dwelling coverage?
• Who bears the highest duty of care on premises?
• What is the maximum fine for a serious injury or death offense due to driving without insurance in Texas?
• What type of cargo coverage insures truckers for legal liability while transporting goods?
• In which scenario would the Commercial General Liability policy apply?
• Does a flood policy pay for indirect losses?
• What should an agent do to maintain their insurance license compliance?
• What does the Pollution Liability Coverage Extension Endorsement provide?
• What does inland marine coverage primarily protect against?
• How long is the term of a binder in insurance policy agreements?
• How long is the policy term for an NFIP policy?
• What is the exclusive remedy program provided by Workers Compensation policies?
• Which of the following items is covered as building property under flood insurance?
• What effect does having poor loss experience have on an employer's Workers’ Compensation insurance premium?
• Which program serves as the last resort for wind and hail coverage in certain Texas counties?
• Which of the following is NOT excluded from the TDP 3 policy?
• What type of benefit is provided to a spouse whose partner died as a result of a work injury?
• What is a key feature of personal property coverage B in an HO-B policy?
• Which characteristic describes the TDP 1 policy?
• What is covered under inside the premises theft of money and securities?
• What items does a Personal Articles Floater usually cover?
• Which type of policy covers claims made during its effective period?
• Does a CGL cover property damages to your product arising from the product itself?
• What is the primary purpose of the WYO program?
• What is the significance of the 'Per Occurrence Limit' in a CGL policy?
• What code was established to ensure the prompt payment of a claim?
• Which areas are classified as Special Flood Hazard Areas (SFHA)?
• What does 'personal property' coverage refer to?
• Which of the following is NOT an item covered under the personal property flood insurance?
• What type of bond protects against financial loss for the party engaged against in court?
• What does the Per Occurrence Limit signify in a CGL policy?
• What is the primary purpose of continuing education for adjusters?
• What type of insurance protects against damage to a vessel's hull and machinery?
• Which type of inland marine policy offers protection for cargo during its transport?
• What type of coverage is typically provided for a mobile home addition under Mobile Home insurance?
• What is the threshold percentage for substantial damage to a dwelling according to ICC?
• Which floater is designed for contractors covering equipment moving between job sites?
• What does RCV stand for in insurance terms?
• General average losses require what from the parties involved?
• Which section of Mobile Home Coverage includes personal property limits?
• Which type of floaters provides coverage for personal property away from the insured's residence?
• What entity provides 100% reinsurance for the WYO program?
• What is the suggested timeframe to resolve a claim according to standard practices?
• What characterizes temporary total disability in workers' compensation?
• How does the TDP 2 policy compensate for loss of rental income?
• What is the highest risk flood zone classification according to FEMA?
• Which is NOT a feature of the open cargo policy?
• How long does the insurer have to evaluate, process, accept, or reject a claim once all information is received from the insured?
• What type of coverage does a business floater typically provide?
• Which form of theft does NOT fall under inside premises theft of money and securities?
• Who is primarily responsible under product liability law?
• What type of bond provides performance and payment guarantees under a contract?
• What benefits does the Federal Employees Compensation Act offer Federal employees?
• What risk factor does a transportable property typically involve in the context of inland marine insurance?
• What percentage limit applies to other structures under a dwelling policy?
• What does Coverage A specifically address in a CGL policy?
• What type of duty does a property owner owe to an invitee?
• What is the main distinction between robbery and burglary?
• For how many days can a home remain vacant under the TDP 2 policy to receive full insurance?
• Which of these is a fundamental duty of an adjuster when handling a claim?
• What happens if a property is not in a Special Flood Hazard Area regarding policy cancellation?
• How long should an adjuster take to contact a policyholder after receiving loss information?
• What is the purpose of the Sue and Labor Clause?
• What must an applicant do if they decide to change their insurer representation?
• Which program is designed to manage flood insurance policies in communities?
• What is a Commercial Package Policy primarily used for?
• What does the inside premises, robbery, or safe burglary coverage protect?
• What type of policy is a jewelers block policy classified as?
• What timeframe does an insured typically have to act after submitting proof of loss?
• What is the maximum amount payable for 'other structures' coverage under a homeowner's policy?
• What form of insurance is specifically designed to protect against malpractice claims?
• What is the purpose of Garagekeepers Insurance?
• Which coverage is a significant difference between TDP 3 and HO policies?
• Which of the following is a category of Workers Comp benefits?
• What does RCV stand for in the context of building flood damage?
• Who is reimbursed by the surety if the principal fails to perform?
• How long can an insurer request for additional time to evaluate or investigate the claim within the 15 business day evaluation period?
• How long does the insured have to complete the requirements that the insurer has requested?
• Under what condition can an insurer file a premium surcharge?
• What type of coverage does an Installation Floater provide?
• Which of the following can be considered an exclusion in ocean marine policies?
• Which term refers to the theft of funds by employees specifically?
• Which of the following qualifies for inland marine insurance coverage?
• What is a common exclusion related to coverage for personal property under an HO-B policy?
• What is the basis for coverage in an annual transit policy?
• Which type of coverage is suitable for auto dealers that does not cover property damage to others' vehicles?
• What items are included under personal property in flood insurance?
• Does a CGL cover property damages to your own work?
• In what situation would a CGL policy apply to damage caused by a subcontractor?
• In workers' compensation, what does 'horseplay' refer to in terms of exceptions to benefits?
• When is a written notice of cancellation required to be sent to the insured?
• Which of the following policies is primarily based on a named peril basis?
• What is the time limit for an employee to send a completed claim form to the Division of Workers' Compensation?
• Which type of claims does run-off coverage typically address?
• What does the TDP 1 policy primarily provide?
• What type of inland marine policy is known for covering specific shipments with an occasional basis?
• Which of the following is covered by a jewelers block policy?
• In a homeowner's policy, how is coverage for personal property generally determined?
• What limit does the Valuable Papers and Records coverage usually provide for replacements?
• Which party is responsible for the duty to perform in a bond?
• What is a characteristic of Section A in Mobile Home Coverage?
• In an elective Workers Compensation system, what choice do employers and employees have?
• What is covered under commercial articles insurance?
• An employer must report an injury to its insurance carrier within how many days?
• What does the term "perils on the sea" refer to?
• In the context of commercial floaters, what type of coverage does a Contractors Equipment Floater offer?
• If a license has been denied, refused, or revoked, how long must an applicant wait before reapplying?
• What commonly follows once a contract is awarded in terms of the bid bond?
• What obligation does the Sue and Labor Clause impose on a policyholder?
• What is a fidelity bond designed to protect against?
• Which of the following is NOT a requirement for obtaining a Texas insurance license?
• If an employee is intoxicated at the time of an injury, what impact does this have on workers' compensation claims?
• Which of the following is NOT included in Protection and Indemnity coverage?
• How long does an employee have to report a work-related injury to their employer?
• Which of the following is excluded from coverage for trees, shrubs, plants, and lawns under an HO-B policy?
• Which of the following losses is generally NOT covered under an HO-B policy?
• What is the primary focus of Consumer Protection training in continuing education?
• How long does an insured have to provide a sworn proof of loss to an insurer?
• What action must an adjuster take if they wish to contest a fine?
• Which type of insurance is specific to each transaction in ocean marine policies?
• What perils are covered by the Inchmaree clause?
• What is necessary for homeowners to receive flood insurance coverage under the NFIP?
• How many days of written notice must be given for the non-renewal of a personal auto policy?
• What requirement exists for homeowners in SFHA zones regarding flood insurance?
• When must an employer report an injury to its insurance carrier?
• Who is known as the ombudsman in reference to workers' compensation?
• Which of the following is not considered a risk covered by Builders Risk Insurance?
• Which of the following provides coverage for damages due to crew negligence?
• What is the primary focus of premises burglary coverage?
• What is the primary responsibility of the Office of Injured Employee Counsel?
• What does embezzlement involve?
• What type of bond covers each employee on a policy for a specified amount?
• What are the three dwelling forms available in Texas?
• How many days written notice does the Department need to provide concerning impending license expiration?
• After a Texas insurance license has expired, how long can an agent wait before they must retake the licensing exam?
• What does the performance bond protect the obligee from?
• Which type of policy protects those with temporary custody of another's property?
• What is a key characteristic of commercial floaters?
• Which type of liability insurance would be necessary for an auto dealer?
• What type of insurance does the Farm and Ranch Owners Policy provide?
• What is the waiting period exception for an initial purchase made during a revised flood map period?
• Which is a type of insurance property covered under flood insurance?
• What type of policy provides coverage for a specific trip during transportation?
• Which part of a contract bond ensures the schedule and workmanship of a project?
• How long is the waiting period before a flood policy is in effect after payment?
• When can a premium surcharge be applied to an applicant in Texas?
• What is the minimum footprint requirement for a structure covered by Mobile Home insurance?
• Which peril is explicitly excluded from the personal property section of the HO-B policy?
• What principle guides the duty owed to a licensee?
• What is the function of a Physicians Equipment Floater?
• What does the medical benefit in Workers Compensation refer to?
• Which term refers specifically to the act of theft occurring in a store setting?
• Which of the following statements accurately describes inland marine coverage?
• What term describes the dishonest taking of property without consent?
• What is the specific limit of liability for money and bank cards under Coverage B?
• What type of incidents does the General Aggregate Limit cover?
• Errors and omissions insurance falls under which type of liability coverage?
• Which type of coverage is offered by the TDP 3?
• What is the purpose of an appeal bond?
• Which phrase best captures an adjuster's responsibility when dealing with claims?
• In flood insurance, what characterizes an 'elevated building'?
• What does Builders Risk Insurance primarily cover?
• What is referred to as a mysterious disappearance?
• Who is eligible for benefits under the Federal Employees Compensation Act?
• What aspect of inland marine insurance ensures properties are covered while stored at specific locations?
• Which natural disaster types may have a specific deductible clause in insurance policies?