Free Casualty Insurance Basics Practice Questions
South Dakota Casualty exam — 142 practice questions.
Subtopics: Binders, Certificates of insurance, Suit against insurer, Rating, Rate filing, Rate information, Return of premium, Minimum premium, Comparative negligence, Compensatory damages, Special damages, General damages, Punitive damages, Strict liability, Vicarious liability, Absolute liability, Negligence elements, Proximate cause, Assumption of risk, Accident vs occurrence, Split limits, Combined single limit, Aggregate limit, Duty to defend, Supplementary payments, First named insured, Duties after loss, Other insurance, Underwriting purpose, Rate development, Subrogation condition, Liberalization, Policy territory, Hazard types, Claim settlement options, Cancellation pro rata, Loss payable, No benefit to bailee, Duties assignment, Negligence per se, Res ipsa loquitur, Intervening cause, Terrorism program, Bodily injury defined, Property damage defined, Insured contract, Self-insured retention, Tort defined, Battery, Libel, Nuisance, Trespass, Contributory negligence, Last clear chance, Joint and several liability, Respondeat superior, Attractive nuisance, Reasonable person standard, Burden of proof, Statute of limitations, Duty to mitigate, Nominal damages, Bailment, Hold harmless agreement, Named insured, Additional insured, Sublimit, Erosion of aggregate, Deductible, Loss reserve, IBNR reserve, Loss adjustment expense, Proof of loss, Appraisal clause, Arbitration, Short-rate cancellation, Notice of cancellation, Nonrenewal, Coverage trigger, Defense within limits, Severability of insureds, Premium audit, Retrospective rating, Schedule rating, Earned premium, Certificate of insurance, Split limits application, Intentional torts, Slander, Conversion, Invasion of privacy, Modified comparative negligence, Pure comparative negligence, Comparative negligence calculation, Legal liability sources, Criminal vs civil, Duty of care to entrants, Dram shop laws, Products liability, Occurrence vs claims-made, Claims-made tail, Common policy conditions, Legal action against insurer, Bankruptcy condition, Supplementary payments limits, Cancellation calculation, Limits calculation, Deductible types, Primary and excess, Contribution by equal shares, Contribution by limits, Duty to defend scope, Reservation of rights, Medical payments vs liability, Personal injury vs bodily injury, Claim vs suit, Negligence defenses, Extended reporting period, Retroactive date
Read the Casualty Insurance Basics study guide
Sample questions & answers
1. A South Dakota binder is about to reach 90 days and the policy still has not been issued. The binder may be extended:
With the Director's written approval or under the Director's rules
SDCL 58-11-31 allows extension or renewal beyond ninety days with the written approval of the Director or in accordance with the Director's rules.
2. Which statement about binders under South Dakota law is correct?
They may be made orally or in writing
SDCL 58-11-29 allows binders orally or in writing; they include the usual policy terms; SDCL 58-11-32 excludes life and health.
3. A South Dakota producer knowingly puts a false material statement on a certificate of insurance. This is:
A Class 1 misdemeanor for each offense
SDCL 58-11-29 makes a knowingly false material statement on a binder, certificate of insurance, or other proof of insurance a Class 1 misdemeanor for each offense.
4. The South Dakota binder statutes (SDCL 58-11-29 through 58-11-31) do NOT apply to:
Life and health insurance
SDCL 58-11-32 states that the binder sections do not apply to life or health insurance.
Practice: Casualty Insurance Basics
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.
