Free Property and Casualty Insurance Basics Practice Questions
Delaware Property & Casualty exam — 97 practice questions.
Subtopics: Comparative negligence, Salvage, Negligence elements, Strict liability, Punitive damages, Pair and set, Cancellation methods, Additional insured, Endorsement, Conditions, Vicarious liability, Duty to defend, Attorneys fees, Insurable interest, Proof of loss forms, Claims administration, Statute of limitations notice, Loss valuation, Coinsurance, Negligence, Damages, Types of loss, Insurer provisions, Other insurance, Liability, Limits of liability, Deductibles, Policy structure, Policy conditions, Actual cash value, Replacement cost, Pair and set clause, Vacancy provision, Mortgagee rights, Appraisal condition, Proof of loss, Salvage and abandonment, Liberalization clause, Assignment condition, Binder, Sublimit, Named perils vs open perils, Burden of proof, Direct vs indirect loss, Special vs general damages, Proximate cause, Absolute liability, Hold harmless, Bailee liability, Attractive nuisance, Res ipsa loquitur, Coinsurance calculation, Actual cash value calculation, Split limits application, Underwriting, Credit-based insurance scores, Loss ratio, Insureds, Cancellation, Policy territory, No benefit to bailee, Premium audit, Claim settlement, Appraisal, Duties after loss, Abandonment, Retrospective rating, Class rating, Judgment rating
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Sample questions & answers
1. Under Delaware's comparative negligence statute, a claimant found 60 percent at fault for an accident (the other driver 40 percent) generally:
Is barred, being more at fault than the defendant
Contributory negligence does not bar recovery only when it is not greater than the defendant's negligence; at 60 percent the claimant is more at fault and recovers nothing.
2. When an insurer pays a total loss and takes the damaged property, its right to sell the recovered property is the right of:
Salvage
Salvage is the insurer's right to take and sell damaged property for which it has paid a total loss.
3. To establish negligence, a claimant generally must show a duty, a breach of that duty, and:
Causation and actual damages
Negligence requires duty, breach, causation, and actual damages resulting from the breach.
4. Liability imposed without regard to fault or negligence, such as for abnormally dangerous activities, is:
Strict or absolute liability
Strict (absolute) liability applies without proof of negligence, often for inherently dangerous activities or defective products.
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Practice: Property and 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.
