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 IL-PROP exam has 90 questions and runs 2 hours 5 minutes.
These 10 free IL-PROP questions are organized by exam domain, so you can see how each part of the Illinois Property Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
A condominium unit owner installs custom cabinets and hardwood flooring. The association's master policy excludes unit improvements, and the declaration makes each owner responsible for insuring them. The coverage that most directly addresses this exposure is:
Correct answer: B - HO-6 Coverage A
A commercial building has met the Building and Personal Property Coverage Form definition of vacancy for 70 consecutive days. A covered windstorm causes $40,000 in damage, and no vacancy-excluded peril is involved. What payment results before application of the deductible?
Correct answer: B - $34,000
A restaurant suffers covered fire damage at noon Monday. It rents temporary kitchen space that afternoon, and ordinary operations remain suspended through Friday. Which combination is potentially covered under the Business Income (and Extra Expense) Coverage Form?
Correct answer: D - Temporary kitchen expense on Monday and business income lost on Friday
A commercial building has a $500,000 replacement value and an 80% coinsurance clause. The insured carries $300,000, suffers a $100,000 covered loss, and has a $1,000 deductible. Ignoring other limits, what is the insurer's payment?
Correct answer: A - $74,000
During an inspection, the underwriter finds frayed wiring, hears the applicant say, 'I do not bother locking the garage because insurance will pay,' and later discovers that the applicant inflated the value of stored equipment. The accurate classification is:
Correct answer: A - Frayed wiring - physical hazard; unlocked-garage attitude - morale hazard; inflated values - moral hazard
On June 1, a seller transfers title and all financial interest in a rental house to a buyer but forgets to cancel the seller's property policy. The house burns on June 10. The controlling principle is:
Correct answer: A - Property insurable interest must exist at the time of loss
A windstorm tears open the roof of an insured home during the night. Water is entering, but emergency personnel have confirmed the structure is safe to enter. What should the insured do next to satisfy the policy duties after loss?
Correct answer: C - Notify the insurer, arrange reasonable temporary protection, and preserve damaged property and expense records
An insured intentionally burns a mortgaged building. The policy contains a standard mortgage clause, and the mortgagee had no knowledge of the act and fulfilled its own duties. The principal effect of the clause is to:
Correct answer: C - Preserve the mortgagee's separate recovery even though the insured's claim is barred
An Illinois agency uses an unlicensed customer-service employee. Which task would cross from clerical support into an activity requiring an insurance producer license?
Correct answer: D - Recommending a water-backup endorsement after evaluating the homeowner's exposure
An Illinois producer receives a $2,400 premium, deposits it into the agency's operating account, and remits it to the insurer five days later. The producer argues that a Premium Fund Trust Account was unnecessary because the money was held fewer than 15 days. How should this be evaluated?
Correct answer: D - PFTA rules apply because depositing the premium triggers them even before 15 days
The IL-PROP exam also covers these domains. Drill them in the full free practice test:
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