Free Casualty Insurance Basics Practice Questions
Nevada Casualty exam — 136 practice questions.
Subtopics: Casualty insurance defined, Boiler and machinery, Vehicle insurance, Liability insurance defined, Fidelity insurance, Performance bonds, Co-surety limits, Surety estoppel, Surety contracts, 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, Joint and several liability, 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, Schedule 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. Which of the following does Nevada classify as casualty insurance?
Burglary and theft insurance
Casualty insurance includes vehicle, liability, workers' compensation and employer's liability, burglary and theft, glass, boiler and machinery, credit, and other listed kinds.
2. Under Nevada's definitions, insurance against loss from accidents to or explosions of boilers and machinery, including inspection of the equipment, is a kind of:
Casualty insurance
Boiler and machinery insurance, including inspection and certification of boilers and machinery, is listed within casualty insurance in NRS 681A.020.
3. Nevada's definition of vehicle insurance, a kind of casualty insurance, covers loss to land vehicles and aircraft and also:
Liability arising from their ownership, maintenance or use
Vehicle insurance covers loss of or damage to land vehicles, aircraft or draft animals, and liability or expense from their ownership, maintenance or use, plus incidental accident coverage for occupants.
4. Nevada's definition of liability insurance includes insurance against legal liability for injury or property damage, including liability for:
Negligence in rendering professional services
Liability insurance covers legal liability for death, injury, disability or property damage, including negligence in rendering expert, fiduciary or professional services.
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.
