Free Other Types of Property and Casualty Practice Questions
South Dakota Property & Casualty exam — 72 practice questions.
Subtopics: Inland marine, Surety bond, Fidelity bond, Flood Insurance Rate Map, Flood waiting period, Marine and transportation, Marine protection and indemnity, Umbrella and excess, Surety bonds, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation, Professional liability, Directors and officers, Employment practices liability, Cyber 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. Inland marine coverage is commonly used to insure:
Movable property and property in transit, such as contractors' equipment
Inland marine policies cover movable property, property in transit, and specialized floaters such as contractors' equipment.
2. A surety bond differs from a typical insurance policy because it involves:
Three parties and guarantees the performance of an obligation
A surety bond is a three-party agreement in which the surety guarantees that the principal will perform an obligation to the obligee.
3. A fidelity bond protects an employer against loss caused by:
Dishonest acts of employees, such as theft or embezzlement
A fidelity bond covers an employer for losses resulting from dishonest acts of its employees, such as theft or embezzlement.
4. A South Dakota producer checks a Flood Insurance Rate Map for a client's property primarily to find:
The flood zone used for flood rating
A FIRM delineates special hazard areas and risk premium zones for the community (44 CFR 59.1).
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.
