Free Other Property Insurance Practice Questions
Oregon Property exam (series 12-12) — 67 practice questions.
Subtopics: 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, NFIP flood, NFIP waiting period, NFIP limits, Difference in conditions, Mobile home policy, Ocean marine implied warranty, General average, NFIP Risk Rating 2.0, NFIP Increased Cost of Compliance, Write Your Own program, Nationwide marine definition, Personal articles floater, Beachfront and windstorm plans, Ocean marine hull coverage, NFIP flood definition, NFIP contents limit, NFIP nonresidential limit, NFIP ICC limit, NFIP waiting exception - loan, NFIP map revision, NFIP building valuation, NFIP contents valuation, NFIP basement, NFIP proof of loss, NFIP lawsuits, NFIP loss avoidance, NFIP Community Rating System, NFIP participating community, NFIP emergency vs regular program, NFIP forms, Inland marine floater, Homeowners vs boat theft, Cargo coverage, Crop insurance, Crop-hail, DIC flood and quake, NFIP, Ocean marine, Farm property, Farm liability, Farm machinery, Inland marine floaters, Scheduled property, FAIR plans, Cyber - first party, Cyber coverage gaps, Cyber coverage forms
Read the Other Property Insurance study guide
Sample questions & answers
1. 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.
2. Under Oregon's FAIR Plan statutes, "essential property insurance" includes fire and extended coverage plus:
Vandalism and malicious mischief
ORS 735.005(3) defines essential property insurance as standard fire and extended coverage plus vandalism and malicious mischief, excluding auto insurance.
3. Which coverage is NOT "essential property insurance" available through the Oregon FAIR Plan?
Automobile insurance
ORS 735.005(3) states that essential property insurance does not include automobile insurance.
4. Which insurers must be members of the Oregon FAIR Plan Association?
Authorized insurers writing essential property lines
ORS 735.045 and 735.005(6) require authorized insurers writing essential property insurance to be members as a condition of authority.
Practice: Other Property Insurance
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.
