Free Casualty Insurance Basics Practice Questions
Arizona Casualty exam (series 13-43) — 154 practice questions.
Subtopics: Binders, Policy contents, Electronic delivery, Rate standards, Competitive rating, Rating classifications, Use and file, Policy form filing, Guaranty fund accounts, Guaranty fund limits, Guaranty fund unearned premium, Guaranty fund members, Guaranty fund timing, Guaranty fund exhaustion, Homeowners cancellation, Homeowners nonrenewal, Notice contents, Objection to Director, Commercial cancellation, Commercial nonpayment, Commercial grounds, Commercial nonrenewal, Late commercial nonrenewal, Renewal changes, Commercial scope, Compensatory damages, Special damages, General damages, Punitive damages, Strict liability, Vicarious liability, Absolute liability, Negligence elements, Proximate cause, Comparative negligence, Assumption of risk, Accident vs occurrence, Split limits, Combined single limit, Aggregate limit, Duty to defend, Supplementary payments, First named insured, Duties after loss, Other insurance, Underwriting purpose, Rate development, Subrogation condition, Liberalization, Policy territory, Hazard types, Claim settlement options, Cancellation pro rata, Loss payable, No benefit to bailee, Duties assignment, Negligence per se, Res ipsa loquitur, Intervening cause, Terrorism program, Bodily injury defined, Property damage defined, Insured contract, Self-insured retention, Tort defined, Battery, Libel, Nuisance, Trespass, Contributory negligence, Last clear chance, Joint and several liability, Respondeat superior, Attractive nuisance, Reasonable person standard, Burden of proof, Statute of limitations, Duty to mitigate, Nominal damages, Bailment, Hold harmless agreement, Named insured, Additional insured, Sublimit, Erosion of aggregate, Deductible, Loss reserve, IBNR reserve, Loss adjustment expense, Proof of loss, Appraisal clause, Arbitration, Short-rate cancellation, Notice of cancellation, Nonrenewal, Coverage trigger, Defense within limits, Severability of insureds, Premium audit, Retrospective rating, Schedule rating, Earned premium, Certificate of insurance, Split limits application, Intentional torts, Slander, Conversion, Invasion of privacy, Modified comparative negligence, Pure comparative negligence, Comparative negligence calculation, Legal liability sources, Criminal vs civil, Duty of care to entrants, Dram shop laws, Products liability, Occurrence vs claims-made, Claims-made tail, Common policy conditions, Legal action against insurer, Bankruptcy condition, Supplementary payments limits, Cancellation calculation, Limits calculation, Deductible types, Primary and excess, Contribution by equal shares, Contribution by limits, Duty to defend scope, Reservation of rights, Medical payments vs liability, Personal injury vs bodily injury, Claim vs suit, Negligence defenses, Extended reporting period, Retroactive date
Read the Casualty Insurance Basics study guide
Sample questions & answers
1. In Arizona, a property or casualty binder is valid until the policy is issued or for no more than how many days from its effective date, whichever is shorter?
90 days
No binder is valid beyond issuance of the policy or beyond ninety days from its effective date, whichever is shorter, unless extended with the Director's approval.
2. Under Arizona law, a binder for temporary property or casualty insurance:
May be oral or written and includes the policy's usual terms
Binders may be made orally or in writing and are deemed to include all the usual terms of the policy for which they were given.
3. Arizona requires every policy to specify all of the following EXCEPT:
The producer's commission rate
Every policy must specify the parties, insurer's name, subject of insurance, risks insured against, effective time and period, premium and conditions; commissions are not required.
4. Under Arizona law, a named insured who conducts insurance transactions with the insurer electronically is:
Deemed to consent to electronic notices unless the insured opts out
A named insured that effectuates transactions electronically is deemed to have consented to electronic delivery unless the insured opts out and elects hard copy.
Practice: Casualty Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
