Free Other Types of Property and Casualty Practice Questions
Oklahoma Property & Casualty exam — 77 practice questions.
Subtopics: Market Assistance Association, Commercial property, Business auto, Equipment breakdown, Directors and officers, Employment practices, Cyber liability, Umbrella and excess, Surety bonds, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation, Professional liability, Employment practices liability, Boiler and machinery, Fidelity bonds, Inland marine floater, Crop insurance, Title insurance, Yacht coverage, Surplus lines, Errors and omissions, Farmowners, Terrorism coverage, Mobile home, Residual markets, Surety bond parties, Payment bonds, License and permit bonds, Judicial bonds, Miller Act bonds, Bid bonds, Inland marine scope, General average, Jettison, Barratry, Perils of the sea, Jeweler's block, Transit coverage, Inland marine conditions, Ocean marine scope, Boat owners package, Aviation insurance, Aircraft liability
Read the Other Types of Property and Casualty study guide
Sample questions & answers
1. An Oklahoma homeowner whose coverage was nonrenewed has been refused by two licensed insurers. Which state mechanism helps place homeowners coverage for such residents?
The Market Assistance Association
36 O.S. 6412-6414 create the Market Assistance Association to assist in placing homeowners and liability coverage; an applicant generally shows cancellation or nonrenewal and refusals from two licensed insurers.
2. A commercial building and personal property coverage form insures:
Buildings and business personal property
The building and personal property coverage form insures a business's building and business personal property against covered causes of loss.
3. A business auto policy uses numbered symbols primarily to:
Show which autos are covered
Business auto coverage symbols designate which categories of autos are covered for each coverage on the policy.
4. Equipment breakdown (boiler and machinery) coverage primarily protects against loss from:
Sudden breakdown of covered equipment
Equipment breakdown coverage pays for loss caused by the sudden and accidental breakdown of covered equipment such as boilers and machinery.
All Property & Casualty topics
Practice: Other Types of Property and 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.
