Free General Insurance Concepts Practice Questions
West Virginia Casualty exam — 92 practice questions.
Subtopics: Modified comparative fault, Comparative fault math, Several liability, Joint liability exception, Fault defined, Uncollectible shares, Pure risk, Hazard, Peril, Methods of handling risk, Retention, Insurable interest, Stock insurer, Reciprocal, Admitted insurer, Foreign insurer, Elements of contract, Apparent authority, Express authority, Implied authority, Indemnity, Subrogation, Utmost good faith, Warranty, Representation, Concealment, Adhesion, Aleatory, Waiver, Estoppel, Moral hazard, Law of large numbers, Mutual insurer, Domestic insurer, Alien insurer, Surplus lines, Adverse selection, Physical hazard, Morale hazard, Speculative risk, Risk sharing, Risk reduction, Reinsurance, Fortuitous loss, Insurable risk characteristics, Fiduciary duty, Binder, Unilateral contract, Conditional contract, Personal contract, Declarations, Insuring agreement, Exclusions, Conditions, Endorsement, Material fact, Misrepresentation, Parol evidence rule, Loss exposure, Risk avoidance, Noninsurance transfer, Self-insurance, Captive insurer, Lloyd's, Residual markets, Underwriting sources, Rating methods, Premium components, Premium audit, Producer types, Direct writers, Managing general agent, Binding authority, Doctrine of reasonable expectations, Insurable interest timing, Insurance definition, Loss ratio, Combined ratio, Adjusters, Policy structure, Definitions, Monoline vs package, Interline endorsements, Insurer types, Insurance principles
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Sample questions & answers
1. Under West Virginia's modified comparative fault law, an injured plaintiff is barred from recovering only if the plaintiff's fault is:
Greater than the combined fault of all others
W. Va. Code 55-7-13c(c) bars recovery only when the plaintiff's fault is greater than the combined fault of all others; otherwise recovery is reduced in proportion to the plaintiff's fault.
2. In a West Virginia trial, a plaintiff with $100,000 in damages is found 50% at fault and the defendant 50% at fault. The plaintiff recovers:
$50,000
Because the plaintiff's 50% is not greater than the others' combined 50%, recovery is allowed but reduced by the plaintiff's share under 55-7-13c(c).
3. A West Virginia jury assigns fault 55% to the plaintiff, 25% to Defendant A and 20% to Defendant B. The plaintiff recovers:
Nothing, since 55% exceeds the others' combined 45%
Under 55-7-13c(c), the plaintiff is barred because 55% is greater than the combined 45% fault of all other persons.
4. In most West Virginia tort cases, each defendant is liable for compensatory damages:
Only in proportion to that defendant's own percentage of fault
W. Va. Code 55-7-13c(a) makes liability several only, so each defendant pays its share by percentage of fault, with exceptions for concerted action and listed conduct.
Practice: General Insurance Concepts
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.
