Free Other Casualty Practice Questions
West Virginia Casualty exam — 75 practice questions.
Subtopics: Risk retention groups, Risk retention licensing, Risk retention scope, Malpractice insurance defined, Malpractice cancellation, Malpractice scope, Malpractice nonrenewal, Malpractice cancellation notice, Malpractice hearing, Commercial umbrella, Professional liability, Directors and officers, Employment practices liability, Surety bond, Liquor liability, Cyber liability, Garage and dealers, Excess liability, Umbrella self-insured retention, Medical malpractice, Fidelity bond, Performance bond, License and permit bond, Environmental liability, Personal umbrella, Umbrella drop down, Maintenance of underlying insurance, Umbrella retained limit, Business exclusion, Homeowners additional coverages, Homeowners Section II, Homeowners exclusions, Personal liability, Insurer's right to settle, Errors and omissions, D&O insurance authority, D&O coverage, Fiduciary liability, EPLI, Cyber, Surety bond types, Federal construction bonds, Judicial bonds, Public official bonds, Surety vs insurance, Aircraft liability, Watercraft liability, Pollution liability, Product recall, Nonprofit D&O, Umbrella vs excess, Surety bonds, Surety bond parties, Miller Act, Penal sum, Consent of surety, Fidelity vs surety, ERISA bond, Court bonds, SBA surety guarantee
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Sample questions & answers
1. Every application and policy from a risk retention group sold in West Virginia must carry a notice stating that:
State guaranty funds are not available for the group
W. Va. Code 33-32-9 requires a 10-point notice that the group may not be subject to all state laws and that state insolvency guaranty funds are not available.
2. Under the Risk Retention Act of West Virginia, a risk retention group's primary activity is assuming and spreading the:
Liability exposure of its group members
W. Va. Code 33-32-2(k) defines a risk retention group as one whose primary activity is assuming and spreading the liability exposure of its group members.
3. A person soliciting liability insurance in West Virginia from a risk retention group must be:
Licensed as an agent, though residency is not required
W. Va. Code 33-32-21 requires licensure under Article 12 to solicit, negotiate or procure coverage from a risk retention group; subsection (e) waives the residency requirement.
4. Which exposure may NOT be covered by a risk retention group under West Virginia's Risk Retention Act definitions?
Personal risk liability arising from household activities
W. Va. Code 33-32-2(f) defines covered "liability" as arising from business, trade, products, services or premises, and expressly excludes personal risk liability.
Practice: Other 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.
