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 IA-PC exam has 91 questions and runs 2 hours.
These 10 free IA-PC questions are organized by exam domain, so you can see how each part of the Iowa Property & Casualty Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An owner-occupied home is insured under an unendorsed ISO HO-3. Wind tears shingles from the roof, creating an opening. Rain entering through that opening stains the ceiling and damages a living-room chair. No exclusion applies. How should the loss be analyzed?
Correct answer: B - Both are covered because wind created the opening that admitted the rain.
A general contractor completes a retail building. Months later, rain enters because a roofing subcontractor installed flashing incorrectly, damaging finished ceilings and walls. Under an unendorsed occurrence-based ISO CGL policy, which provision is most important to the coverage analysis?
Correct answer: A - The subcontractor exception to the "your work" exclusion may preserve Coverage A, subject to the policy's other terms.
An insured buys an additional car. None of the autos already listed on the unendorsed ISO Personal Auto Policy has collision or other-than-collision coverage. Hail damages the new car on the third day of ownership, and the insured asks the insurer to add other-than-collision coverage on the fourth day. What coverage applies to the hail loss?
Correct answer: C - Other-than-collision coverage applies automatically for the first four days, subject to a $500 deductible.
Rapid runoff from an intense storm temporarily inundates three neighboring properties, including the insured premises, but covers only 1.2 acres of normally dry land. Does this meet the National Flood Insurance Program definition of flood?
Correct answer: D - Yes, because two or more properties, including the insured property, were inundated.
A consulting firm reimburses employees for using their personally owned cars on company business. It wants Business Auto Policy liability coverage for the firm's exposure without broadly covering every auto. Which covered-auto symbol fits that exposure most precisely?
Correct answer: B - Symbol 9 - nonowned autos
A commercial building has a replacement value of $800,000, an 80% coinsurance condition, a $480,000 limit, and a $2,000 deductible. A covered partial loss is $160,000. Assuming no other limitation applies, what is the payable amount?
Correct answer: C - $118,000
An insurer increases an applicant's homeowners premium after relying partly on information in a consumer report. What notice is required under the Fair Credit Reporting Act?
Correct answer: B - An adverse-action notice naming the reporting agency, stating it did not make the decision, and explaining the 60-day free-report and dispute rights
After a covered house fire, the fire department releases the premises as safe to approach. A roof opening remains, and heavy rain is forecast before the adjuster can arrive. What immediate action best complies with the policy?
Correct answer: A - Arrange a reasonable temporary tarp, keep the receipts, and preserve damaged material for inspection.
At the end of an Iowa resident producer's three-year continuing-education term, the transcript shows 34 approved general credits and 2 approved ethics credits. Iowa requires 36 total credits, including 3 ethics credits. What remains to be completed?
Correct answer: C - One additional ethics credit
An Iowa transportation network company driver has accepted a passenger's request and is driving to the pickup location when an accident occurs. Which liability limit governs at that moment?
Correct answer: D - $1,000,000 for bodily injury, death, and property damage in one accident
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