Free Other Casualty Practice Questions
Oklahoma Casualty exam — 70 practice questions.
Subtopics: Market Assistance Association, Commercial umbrella, Professional liability, Directors and officers, Employment practices liability, Surety bond, Liquor liability, Cyber liability, Garage and dealers, Excess liability, Umbrella self-insured retention, Medical malpractice, Fidelity bond, Performance bond, License and permit bond, Environmental liability, Personal umbrella, Umbrella drop down, Maintenance of underlying insurance, Umbrella retained limit, Business exclusion, Homeowners additional coverages, Homeowners Section II, Homeowners exclusions, Personal liability, Insurer's right to settle, Errors and omissions, D&O insurance authority, D&O coverage, Fiduciary liability, EPLI, Cyber, Surety bond types, Federal construction bonds, Judicial bonds, Public official bonds, Surety vs insurance, Aircraft liability, Watercraft liability, Pollution liability, Product recall, Nonprofit D&O, Umbrella vs excess, Surety bonds, Surety bond parties, Miller Act, Penal sum, Consent of surety, Fidelity vs surety, ERISA bond, Court bonds, SBA surety guarantee
Read the Other Casualty study guide
Sample questions & answers
1. Oklahoma's Market Assistance Association was created to help place which coverages for Oklahoma residents?
Homeowners and liability insurance
36 O.S. 6412 creates the Market Assistance Association to assist in placement of homeowners' and liability coverage.
2. Which statement about Oklahoma's Market Assistance Association is correct?
It is not a carrier and cannot assume insurance risks
36 O.S. 6412 states the Association is not a carrier capable of assuming risks and cannot guarantee success of all placement efforts.
3. Before seeking homeowners coverage through Oklahoma's Market Assistance Association, an applicant whose policy was canceled must generally show refusals from how many licensed insurers?
Two
36 O.S. 6414(B)(1)(f) requires proof of cancellation or nonrenewal and refusal by two licensed insurers, or a premium increase of 75% or more.
4. An Oklahoma homeowner may also qualify to request coverage through the Market Assistance Association if the premium increased by at least what percentage from the prior year?
75 percent
36 O.S. 6414(B)(1)(f) allows access if the premium has been increased by seventy-five percent or more from the previous year.
Practice: Other Casualty
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.
