Free Other Property Insurance Practice Questions
Michigan Property exam (series 16-67) — 70 practice questions.
Subtopics: Surplus lines license, Surplus lines availability, Presumed available, Diligent search, Surplus lines notice, Surplus lines tax, Pre-placement disclosure, TRIA administrator, TRIA expiration, TRIA purpose, MBPIA purpose, MBPIA access, 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 insurance, 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
Read the Other Property Insurance study guide
Sample questions & answers
1. In Michigan, a person who acts as an agent or broker in placing surplus lines insurance must:
Hold a surplus lines license
Section 1905(1) bars soliciting, binding, or acting as agent or broker for surplus lines insurance unless licensed under chapter 19.
2. A Michigan surplus lines licensee may not place coverage with an unauthorized insurer if the coverage is:
Available from an authorized insurer
Section 1910(1) prohibits placement with an unauthorized insurer if coverage is available from an authorized insurer.
3. Michigan presumes that which coverage is available from authorized insurers, making surplus lines placement generally improper?
Required no-fault auto insurance
Section 1910(2)(a) creates a rebuttable presumption that no-fault automobile insurance required by section 3101 is available from authorized insurers.
4. Michigan presumes coverage is unavailable from authorized insurers when the licensee:
Cannot procure it after a diligent search
Section 1910(3)(b) presumes unavailability for any coverage the licensee is unable to procure after diligent search among authorized insurers.
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.
