Texas Property & Casualty Insurance Exam Study Guide Pdf

________ and _______ are both excluded perils in all property policies. However, coverage for both or either one usually can be purchased separately for an additional premium (by endorsement). {Ans: flood and earthquake}_______ is the failure to act as a reasonable person would in the same set of circumstances {Ans: negligence}a ___ does not provide coverage in Mexico {Ans: PAP}_____ _____ must exist on a casualty policy at time of loss in order for the policy to provide coverage. {Ans: insurable interest}the __-_ _____ ____ does not provide additional living expense under coverage D; only fair rental value is provided {Ans: DP-1 basic form}salaried full-time employees who counsel or provide advice on the purchase of insurance are not required to be licensed, as long as they do not receive commissions from _____ of _____ {Ans: sale of insurance}Upon work-related death, Workers Compensation will pay _____ _____ to surviving spouses and/or children {Ans: income benefits}a _______ is a substantial truth. in insurance, statements of the applicant/policyowner are _______ - true to the best of their knowledge {Ans: representation}the _______ _______ describes the coverages provided {Ans: insuring agreement}flood insurance is sold by the