Free Other Property Insurance Practice Questions
Rhode Island Property exam — 90 practice questions.
Subtopics: RIJRA purpose, RIJRA other names, RIJRA membership, RIJRA basic property, RIJRA lead liability, RIJRA inspection, RIJRA application, RIJRA provisional binder, RIJRA declination, RIJRA neighborhood, RIJRA building code, RIJRA vacancy, RIJRA repairs after fire, RIJRA liability standards, RIJRA policy term, RIJRA return premium, RIJRA cancellation notice, FAIR Plan eligibility notice, RIJRA appeal, RIJRA appeal to Commissioner, RIJRA producer penalty, RIJRA commission refund, RIJRA participation, RIJRA deductibles, Lead exclusion ban, Lead coverage limit, Lead compliant property, Lead non-compliant property, Lead notice type size, Lead remediation deadline, Lead rule scope, Lead 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 main purpose of the Rhode Island Joint Reinsurance Association (RI FAIR Plan) is to:
Make basic property insurance available to applicants shut out of the normal market
The Basic Property Insurance Inspection and Placement Program, run by RIJRA, exists to make basic property insurance available to qualified applicants unable to obtain it in the normal market. Insolvent-insurer claims are the guaranty association's job, and high-risk auto is the Automobile Insurance Plan.
2. Under Rhode Island regulation, the Rhode Island Joint Reinsurance Association is the same organization as the:
Rhode Island FAIR Plan
The regulation treats the "Rhode Island Joint Reinsurance Association," the "Rhode Island FAIR Plan," and the "Association" as synonymous.
3. Which insurers must participate in the Rhode Island FAIR Plan program?
Domestic insurers and those licensed for listed property lines
The program mandates participation by all domestic insurers and all insurers licensed to write the property classes listed in R.I. Gen. Laws 27-8-1 and 27-8-3, sharing writings, expenses, profits and losses.
4. Which coverage is included in the definition of "Basic Property Insurance" available through the RI FAIR Plan?
Homeowners coverage on owner-occupied 1-4 family homes
Basic Property Insurance includes extended coverage, vandalism, DP-2 and DP-3, homeowners package coverage on owner-occupied 1-4 family risks and tenants forms, dwelling liability and lead liability; it does not include automobile or farm risks.
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.
