Free Other Property Insurance Practice Questions
Kansas Property exam (series 12-KS-03) — 72 practice questions.
Subtopics: Inland marine definition, Builders risk, Personal inland marine, FAIR plan, Crop insurance, NFIP flood, NFIP waiting period, NFIP limits, Difference in conditions, Mobile home policy, Ocean marine implied warranty, General average, NFIP Risk Rating 2.0, NFIP Increased Cost of Compliance, Write Your Own program, Nationwide marine definition, Personal articles floater, Beachfront and windstorm plans, Ocean marine hull coverage, NFIP flood definition, NFIP contents limit, NFIP nonresidential limit, NFIP ICC limit, NFIP waiting exception - loan, NFIP map revision, NFIP building valuation, NFIP contents valuation, NFIP basement, NFIP proof of loss, NFIP lawsuits, NFIP loss avoidance, NFIP Community Rating System, NFIP participating community, NFIP emergency vs regular program, NFIP forms, Inland marine floater, Homeowners vs boat theft, Cargo coverage, Crop-hail, DIC flood and quake, NFIP, Ocean marine, Farm property, Farm liability, Farm machinery, Inland marine floaters, Scheduled property, FAIR plans, Cyber - first party, Cyber coverage gaps, Cyber coverage forms
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Sample questions & answers
1. Under K.A.R. 40-3-22, an inland marine wedding present policy may cover the gifts for up to:
90 days after the wedding day
K.A.R. 40-3-22(c)(5)(F) lists a wedding present policy for up to 90 days after the wedding day as a permitted individual inland marine policy.
2. Under the Kansas inland marine definition (K.A.R. 40-3-22), an inland marine policy generally may NOT insure:
A manufacturer's goods while being made on its own premises
K.A.R. 40-3-22(b) says marine and inland marine insurance shall not insure merchandise during manufacture that belongs to the manufacturer and is on its premises.
3. Which property may be insured as an instrumentality of transportation or communication under K.A.R. 40-3-22?
A bridge or tunnel
K.A.R. 40-3-22(c)(4) lists bridges, tunnels and similar transportation facilities, piers, pipelines, power and communication lines, and towers.
4. Under K.A.R. 40-3-22, coverage under a builders' risk or installation policy ends when:
The owner accepts the completed work and the contractor's interest ends
K.A.R. 40-3-22 states builders' risk coverage ceases when the owner completes and accepts the building or installation and the seller's or contractor's interest ceases.
Practice: Other Property Insurance
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.
