Free Dwelling Policy Concepts Practice Questions
Massachusetts Property & Casualty exam — 66 practice questions.
Subtopics: Dwelling fire nonrenewal, Standard fire policy cancellation, Standard fire policy, Mortgagee notice, Insured cancellation, Vacancy, Suit against insurer, Reference to referees, Loss payment, Proof of loss, Theft exclusion, Excluded property, Increase in hazard, Explosion and riot, Concealment and fraud, Assignment, Pro rata liability, Removal coverage, Civil authority, Mortgagee clause, Subrogation, Policy period, Loss settlement, Notice of fire, Coverage forms, Characteristics, Property coverages, Perils insured against, Eligibility, Fair rental value, Other structures, DP-1 basic form, DP-3 special form, Additional living expense, Replacement cost loss settlement, Other coverages, Coverage A property, DP-1 perils, DP-1 loss settlement, DP-2 perils, DP-3 personal property, Cancellation, Personal liability supplement, Selected endorsements
Read the Dwelling Policy Concepts study guide
Sample questions & answers
1. A Massachusetts policy insuring a dwelling or its contents against fire must provide that the insurer will give written notice of nonrenewal, with specific reasons, at least:
45 days before the policy expires
M.G.L. c.175 s.193P requires written notice of intent not to renew at least 45 days before expiration, stating the specific reasons.
2. Under the Massachusetts standard fire policy in M.G.L. c.175 s.99, an insurer cancelling for a reason other than nonpayment must give the insured written notice of at least:
Five days
The standard fire policy lets the company cancel on five days written notice to the insured (ten days for nonpayment) and twenty days written notice to a mortgagee.
3. In Massachusetts, policies insuring property in the commonwealth against fire or fire and lightning must:
Use the standard form set out in M.G.L. c.175 s.99
M.G.L. c.175 s.99 bars issuing fire policies on property in the commonwealth other than the standard forms set out in that section, except as the law permits.
4. Under the Massachusetts standard fire policy, the insurer may cancel for nonpayment of premium by giving the insured written notice of at least:
Ten days
M.G.L. c.175 s.99 allows cancellation for nonpayment on ten days written notice to the insured, and twenty days notice to the mortgagee.
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Practice: Dwelling Policy Concepts
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.
