Free Other Types of Property and Casualty Practice Questions
Oregon Property & Casualty exam (series 12-04) — 81 practice questions.
Subtopics: Directors and officers, Employment practices, Cyber liability, FAIR Plan purpose, FAIR Plan coverage, FAIR Plan exclusions, FAIR Plan membership, FAIR Plan normal market, Market assistance plan, JUA definition, JUA limits, JUA rates, Surplus lines diligent search, Exempt commercial purchaser, Surplus lines capital, Surplus lines license, 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. A corporation wants to protect its board members against suits alleging poor management decisions. It should buy:
Directors and officers liability coverage
D&O liability covers directors and officers against claims arising from their decisions and acts in managing the organization.
2. Employment practices liability insurance (EPLI) typically covers claims such as:
Wrongful termination, discrimination, and harassment
EPLI covers employment-related claims such as wrongful termination, discrimination, and harassment.
3. Cyber liability insurance is most likely to respond to:
A data breach exposing customers' private information
Cyber liability covers losses and liability arising from data breaches and other cyber incidents.
4. The Oregon FAIR Plan Association exists to:
Make essential property insurance available
ORS 735.015 states the purpose of assuring availability of essential property insurance to owners of insurable property.
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.
