Free Other Property Insurance Practice Questions
Utah Property exam (series 17-22) — 65 practice questions.
Subtopics: Certificate of insurance, Certificate form filing, NFIP waiting period, NFIP loan exception, Home warranty security, Home warranty bond, NFIP building limit, NFIP flood, 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. A contractor gives a client a certificate of insurance listing the client. Under Utah law, the certificate:
Is not a policy and does not change the coverage
Utah Code 31A-22-1704 states a certificate of insurance is not an insurance policy and does not amend, extend or alter the coverage of the referenced policy, nor confer rights the policy does not provide.
2. Under Utah's Property and Casualty Certificate of Insurance Act, a person may issue a certificate of insurance only if:
Its form has been filed with the commissioner
Utah Code 31A-22-1703 prohibits issuing a certificate unless the form is filed with the commissioner; a standard form filed by a licensed rating organization is considered filed.
3. A new National Flood Insurance Program policy generally takes effect:
After 30 days, once the application and premium are complete
42 U.S.C. 4013(c) makes new flood coverage effective after 30 days from completion of the application and payment, with exceptions such as coverage required in connection with a loan.
4. The NFIP's 30-day waiting period does NOT apply to the initial purchase of flood coverage when it is bought:
In connection with making, increasing or renewing a loan
42 U.S.C. 4013(c)(2) exempts the initial purchase of flood coverage in connection with the making, increasing, extension or renewal of a loan.
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.
