Free Property Casualty Basics Practice Questions
Wisconsin Personal Lines exam (series 22-09) — 138 practice questions.
Subtopics: Comparative negligence, Insurable interest property, Named perils vs open perils, Direct loss, Indirect loss, Peril vs hazard, Liability exposure, Negligence elements, Vicarious liability, Absolute liability, Liberalization, Replacement cost, Lender insurance requirement, Mortgage clause $500, Choice of law, Domestic abuse - innocent insured, Domestic abuse information, Standard fire policy, Required property clauses, Traditional fire policy perils, Lender requirement calculation, Mortgagee as named insured, Direct action, Liability notice provision, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Coinsurance purpose, Coinsurance penalty math, Coinsurance no penalty, Deductible effect, Named perils, Open perils, Burden of proof, Subrogation, Salvage, Appraisal provision, Pro rata other insurance, Vacancy, Real vs personal property, Negligence, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Liability limits, Binder, Endorsement, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Additional insured, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation, Conditions section, Definitions section, Pair or set clause, Inflation guard, Aggregate limit, Combined single limit, Sublimit, Retention, Primary vs excess coverage, Excess other insurance clause, Escape other insurance clause, Flat cancellation, Pro rata cancellation, Short-rate cancellation, Nonrenewal, Liberalization clause, No benefit to bailee, Loss payable clause, Sue and labor, Occurrence trigger, Retroactive date, Extended reporting period, Contributory negligence, Last clear chance, Res ipsa loquitur, Assumption of risk, Negligence per se, General vs special damages, Nominal damages, Direct vs consequential loss, Time element coverage, Catastrophe, Floater, Wear and tear exclusion, Inherent vice exclusion, Mysterious disappearance, Pollution exclusion, Earth movement exclusion, Personal injury offense, Duty to defend, Defense within limits, Statute of limitations, Pure premium, Exposure unit, Reasonable repairs, Actual cash value calculation, Valuation calculation, Other insurance calculation, Pro rata refund calculation, Waiver of subrogation, Mortgage clause, Defense costs, Insurable interest limit, Deductibles, Appraisal, Appraisal costs, Suit against insurer, Proof of loss, Loss payment timing, Insurer repair option, Pair or set, Recovered property, Concealment or fraud, Service agreements, Nuclear hazard, Neglect exclusion, Power failure exclusion, Governmental action
Read the Property Casualty Basics study guide
Sample questions & answers
1. Under Wisconsin’s comparative negligence statute, a claimant is barred from recovering against a defendant whose negligence is:
Less than the claimant’s own negligence
Recovery is allowed only if the claimant’s negligence was not greater than that of the defendant; if the defendant’s share is less than the claimant’s, recovery against that defendant is barred.
2. When must an insured have an insurable interest in order to collect under a property policy?
At the time of the loss
In property insurance, the insured must have an insurable interest at the time of loss to collect.
3. A named-perils property policy covers:
Only the perils specifically listed in the policy
Named-perils coverage applies only to perils specifically listed, unlike open-perils which covers all but excluded causes.
4. A direct loss in property insurance is:
Physical damage to covered property from a covered peril
A direct loss is physical damage to the covered property itself caused by a covered peril.
Practice: Property Casualty 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.
