P&C Practice Quiz: Liability Coverage — Do You Know Your Stuff?

Liability Coverage Quiz — 5 Questions Liability is one of the biggest sections on the P&C exam. Test yourself here. Q1: What does "occurrence basis" mean in a liability policy? Answer: Coverage applies to incidents that OCCUR during the policy period, regardless of when the claim is filed. Q2: What is "claims-made" coverage? Answer: Coverage only applies if the claim is both made AND the incident occurred during the policy period (or within a retroactive date). Q3: What is a "split limit" auto liability policy? Answer: A policy that has separate limits for bodily injury per person, bodily injury per accident, and property damage. Example: 100/300/50. Q4: What does "combined single limit" (CSL) mean? Answer: One combined limit that applies to both bodily injury and property damage in a single accident. Q5: What is an "umbrella policy"? Answer: Excess liability coverage that sits above your primary policies and provides additional protection after underlying limits are exhausted. Need extra help to PASS your Property and Casualty exam? Get our on-demand program here: https://www.pandcpacademy.com/pass-your-exam-now