Free Casualty Insurance Basics Practice Questions
New Hampshire Casualty exam (series 12-85) — 142 practice questions.
Subtopics: Commercial cancellation scope, Commercial cancellation grounds, Commercial cancellation notice, Commercial nonrenewal, Commercial renewal premiums, Insured's cancellation, Criminal fines, Schedule rating, Large commercial policyholders, Comparative fault, Joint and several liability, 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, 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, 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. New Hampshire's commercial cancellation and nonrenewal law (RSA 417-C) applies to fire, inland marine, multi-peril, casualty and liability policies, but NOT to:
Surety bonds and workers' compensation policies
RSA 417-C:6 excludes mortgage guaranty, surety bonds, workers' compensation and policies governed by RSA 417-A or 417-B.
2. After a New Hampshire commercial liability policy has been in force 60 days, which is a permitted reason for midterm cancellation?
A change that substantially increases a hazard
RSA 417-C:1 permits cancellation for nonpayment, fraud or material misrepresentation or violation of policy terms, or a change in risk substantially increasing a hazard.
3. For a New Hampshire commercial policy, how much notice must an insurer give to cancel for a permitted reason OTHER than nonpayment or substantial increase in hazard (after the first 60 days)?
60 days
RSA 417-C:2 requires at least 60 days' notice, or 10 days for nonpayment, substantial increase in hazard, or new policies within their first 60 days; reasons must accompany the notice.
4. A New Hampshire commercial insurer canceling for nonpayment of premium must give at least:
10 days' notice
RSA 417-C:2, I allows 10 days' notice for nonpayment, substantial increase in hazard, or new policies within the first 60 days.
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.
