10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The NV-PC exam has 156 questions and runs 3 hours 35 minutes.
These 10 free NV-PC questions are organized by exam domain, so you can see how each part of the Nevada Property & Casualty Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An owner has an unendorsed HO-3 policy. While repainting a room, the insured accidentally knocks a can of paint onto a sofa. The dwelling itself is not damaged. Which coverage analysis is correct?
Correct answer: B - Not covered under Coverage C because accidental spilling is not a named peril for personal property
A covered fire shuts down a florist's described premises at 8:00 a.m. Sunday. The policy uses the standard 72-hour waiting period for Business Income and no waiting period for Extra Expense. The florist rents a temporary storefront Monday morning. How do the two coverages apply?
Correct answer: D - Extra Expense can respond immediately; Business Income begins Wednesday at 8:00 a.m.
A general and temporary condition of rapid surface-water runoff inundates an insured home and one neighboring property. Both were normally dry, but the total flooded area is less than two acres. How is the event classified under the National Flood Insurance Program definition?
Correct answer: A - The event meets the flood definition because two properties are inundated and one is the insured property
A commercial building has a replacement value of $800,000 and an 80% coinsurance requirement. The insured carries $480,000 of coverage. A covered loss is $200,000, and the deductible is $2,000. Assuming no other limitation applies, how much is payable?
Correct answer: C - $148,000
An owner-occupied commercial building has used only 20% of its total square footage for customary operations during the 75 days before a covered windstorm loss. Under the standard commercial vacancy condition, how should the otherwise payable wind loss be treated?
Correct answer: A - Reduce the otherwise payable loss by 15%
A kitchen fire leaves part of an insured home's roof open. The fire department has departed, heavy rain is forecast overnight, and the adjuster will inspect tomorrow. What action best satisfies the insured's standard post-loss duties?
Correct answer: C - Arrange reasonable temporary protection, preserve evidence, and keep records of the expense
An insurer and its insured agree that hail damage to a roof is covered. The insurer estimates the repair at $42,000, while the insured's contractor estimates $68,000. Which policy mechanism is designed for this dispute?
Correct answer: C - Appraisal, because the disagreement concerns the amount of loss rather than whether coverage exists
An electrical contractor completes wiring at a customer's warehouse. Three months later, a defective connection starts a fire that damages the wiring and $90,000 of the customer's inventory. How should the loss be analyzed under a standard CGL policy?
Correct answer: D - This is a completed-operations exposure; the faulty work may be excluded, while resulting inventory damage may be covered
A driver swerves to avoid a deer and strikes a guardrail without contacting the animal. The insured auto carries both collision and other-than-collision coverage. Which coverage applies to the damage to the insured auto?
Correct answer: B - Collision, because the auto's damage resulted from impact with an object
An employer has $720,000 of covered payroll in a classification rated at $2.40 per $100 of payroll. Its experience modification factor is 1.10. Ignoring all other charges and credits, what are the modified premium and rating effect?
Correct answer: C - $19,008, representing a 10% experience-rating debit
The NV-PC exam also covers these domains. Drill them in the full free practice test:
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