Free Other Property Insurance Practice Questions
Vermont Property exam (series 14-41) — 79 practice questions.
Subtopics: Employee dishonesty, Money and securities, Computer fraud, Forgery, Commercial inland marine, Bailee coverage, Flood insurance, Personal articles floater, Watercraft, Mobile home, Inland marine, Surplus lines, Exempt commercial purchasers, Export list, Surplus lines insurers, Surplus lines notice, Surplus lines tax, Surplus lines records, Surplus lines brokers, Premium paid to broker, 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, 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
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Sample questions & answers
1. Commercial crime coverage for losses caused by employee theft is commonly called:
Employee theft coverage
The current ISO crime forms call this insuring agreement Employee Theft (formerly employee dishonesty or fidelity). It covers loss of money, securities, and other property from theft by employees.
2. Commercial crime 'money and securities' coverage protects against loss of cash by:
Theft, disappearance, or destruction
The money and securities insuring agreements cover loss of money and securities resulting directly from theft, disappearance, or destruction inside the premises or, under the outside-the-premises agreement, while in a messenger's care.
3. Computer and funds transfer fraud coverage in a crime policy addresses:
Fraudulent transfers of money or property
Computer and funds transfer fraud coverage pays for loss from fraudulent computer instructions or fraudulent instructions to a financial institution that transfer money, securities, or other property away from the insured.
4. Forgery or alteration coverage in a commercial crime policy applies to:
Forged or altered checks and similar instruments
Forgery or alteration coverage pays for loss from forgery or alteration of checks, drafts, promissory notes, and similar instruments drawn on the insured's accounts.
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.
