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Missouri Property & Casualty Practice Exam

20 exam-style questions drawn from the same bank as our full Missouri Property & Casualty course (Missouri Property and Casualty Insurance Producer — Exam Prep). Answer all 20, then grade yourself — most state exams require 70% to pass. Explanations for every question are part of the full course.

1. A claims-made E&O policy has a retroactive date of 1/1/2022 and a policy period of 1/1/2026 to 1/1/2027. An alleged wrongful act occurred on 3/15/2021, and the claim is first made against the insured on 6/10/2026. Is this claim covered?
Yes, because the claim was first made during the policy period, which is the only requirement on a claims-made policy.No, the wrongful act occurred BEFORE the retroactive date, so coverage is barred even though the claim is made in the policy period.No, because the claim was made more than five years after the wrongful act took place, past the claims-made limit.Yes, because wrongful acts within one year before the retroactive date are covered automatically under claims-made forms.
2. A landscaping company's Business Auto Policy lists only Symbol 7 (specifically described autos) for liability. An employee rents a pickup for a week to haul equipment and injures a pedestrian. Why is the rental not a covered auto for liability?
Liability for rented vehicles is only ever covered under the renter's personal auto policyRental vehicles are excluded from every Business Auto Policy regardless of the symbols shownSymbol 7 covers only autos listed on the schedule, and a rental needs Symbol 8 (hired autos) to qualifySymbol 7 covers only autos owned for more than 30 days, and the rental was held for one week
3. Waiver and estoppel are related doctrines. Which pairing best describes them?
Waiver and estoppel mean exactly the same thing, and both describe the insurer's right to deny a claim for any misrepresentation found on an application.Waiver is a rule created only by statute, while estoppel is a contract term that the insurer and insured must expressly agree to in the written policy.Waiver is the voluntary giving up of a known right; estoppel prevents a party from asserting a right when the other party has reasonably relied on its conduct.Waiver applies only to the insurer's own conduct, while estoppel applies only to statements the insured made on the application before the policy issued.
4. A Businessowners Policy (BOP) is BEST described as:
A personal lines package that combines homeowners and auto coverage for individuals who also operate a small home business on the side.A package policy combining property, liability, and certain time-element coverages into one contract for eligible small-to-mid-size businesses.A package policy for large manufacturers combining property, auto, and workers compensation, individually rated for complex multistate exposures.A monoline liability policy for small businesses that excludes property coverage, which must be purchased separately on a commercial property form.
5. Under Mo. Rev. Stat. sections 375.1000 to 375.1018, when does listed conduct amount to an unfair claims settlement practice?
Whenever any single claimant complains to the Director about the handlingOnly after a court has entered a final judgment against the insurerWhen committed in conscious disregard of the law or as a general business practiceOnly when the insurer failed to file its annual statement on time
6. Lightning strikes a roof and damages the shingles. Heavy rain that same evening enters through the damaged roof and ruins ceiling drywall. Assuming the policy covers lightning but excludes flood, what is the proximate cause and how should the claim be handled?
Two separate losses occurred, each subject to its own deductible, because lightning and rain are two different perils under the policy.Rain is the proximate cause of the interior damage, so that part of the claim is denied as flood while only the shingle loss is paid.Lightning is the proximate cause because it set the covered chain of events in motion; both the shingles and the drywall damage are covered.Only the shingle damage is covered, because interior water damage is never covered when rain enters the building through the roof.
7. Which homeowners form is the correct fit for a condominium unit owner who needs coverage for interior improvements, personal property, and liability?
HO-3HO-4HO-8HO-6
8. A liability claim is settled. The injured party receives $50,000 for medical expenses, $20,000 for lost wages, and $30,000 for pain and suffering. The $30,000 for pain and suffering is commonly categorized as:
Special (economic) damagesConsequential damagesGeneral (non-economic) damagesPunitive damages
9. Which Missouri line of authority covers liability, auto liability, workers' compensation, surety, and commercial multi-peril?
CasualtySurplus linesPropertyPersonal lines P&C
10. The declarations page of a property policy contains all of the following EXCEPT:
Named insured and mailing address.List of covered perils with detailed coverage triggers.Policy period (effective and expiration dates).Premium and policy limits for each coverage.
11. Which of the following is typically required by a personal umbrella policy as an 'underlying limit'?
Specified minimum limits on auto liability, personal liability (HO), and sometimes watercraft/RV, often 250/500/100 for auto and $300K for HO.Only a homeowners policy with at least $100K personal liability; auto liability is never required beneath a personal umbrella policy.Proof that the insured has purchased the same limit of coverage from a second umbrella carrier, which then shares losses pro rata with it.Any auto policy that meets the state minimum financial-responsibility limits, with no homeowners or watercraft liability requirement at all.
12. An HO-3 includes what default Coverage E (personal liability) limit before endorsement?
$100,000$500,000$300,000$50,000
13. Part Two (Employers Liability) of a WC policy covers:
The statutory medical and income benefits owed to injured employees under the state compensation law, including rehabilitation costs and death benefits.Common-law liability of the employer for injuries not covered by WC (e.g., third-party-over actions, consequential injuries to family members, dual-capacity claims).Fines and penalties assessed against the employer by a regulator for safety violations at the workplace, along with the defense of those regulatory proceedings.Injuries to members of the public caused by the employer's operations, such as a customer who slips and falls on the employer's premises.
14. Which of the following is NOT a typical WC benefit category?
Temporary total disability (TTD) indemnity.Permanent partial disability (PPD) benefits.Medical benefits.Pain and suffering.
15. Two homeowners policies happen to cover the same dwelling, the original owner's policy was never cancelled after sale, and the new owner bought his own policy. After a $60,000 fire loss, both policies apply. Under the 'pro-rata by limits' method, Company A (carrying $200K limit) and Company B (carrying $300K limit) each pay:
A: $60,000; B: $0, first policy pays in full.Neither, double coverage voids both policies.$30,000 each, an equal split.A: $24,000; B: $36,000, pro-rata by limits.
16. A producer completes 22 continuing education hours in one biennium. How are the six extra hours treated?
They roll over in full to the next biennial periodThey convert into a credit against the renewal feeThey generally do not roll over to the next periodThey extend the license term by an extra six months
17. Two homeowners policies, both using a pro-rata other-insurance clause, cover the same $60,000 fire loss. Policy A's limit is $150,000; Policy B's limit is $450,000. How much does each policy pay?
A pays $60,000; B pays $0 because A is primary.A pays $45,000; B pays $15,000.A pays $30,000; B pays $30,000.A pays $15,000; B pays $45,000.
18. The Director has reasonable cause to believe a licensee's conduct is causing immediate harm. Which action is authorized?
Impose a criminal fine at once, with no hearing at any stageIssue an emergency cease and desist order, with a hearing to followRefer the matter to the Governor for an appointment decisionTake no action at all until a full hearing has been completed
19. A producer binds coverage orally for a new CGL. Before a written binder is issued, a loss occurs. Which statement is MOST accurate?
The producer becomes personally liable for the entire loss, because producers are prohibited from binding coverage orally in every state.The oral binder may be enforceable, but written documentation is strongly preferred and is legally required for surplus-lines placements.The oral binder is enforceable only if the insured paid the full annual premium before the loss occurred, in cash or by check.An oral binder is never enforceable, so no coverage exists until a written binder or policy is delivered to the insured by the producer.
20. Under the ISO Personal Auto Policy (PAP), which Part covers physical damage to the insured's own vehicle from causes such as fire, theft, vandalism, and falling objects?
Part C, Uninsured Motorists Coverage for physical damage lossesPart A, Liability Coverage for property damage the insured causesPart D, Coverage for Damage to Your Auto (Comprehensive / Other-than-Collision)Part B, Medical Payments Coverage for damage to the covered auto

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