Free Property Casualty Basics Practice Questions
Wyoming Personal Lines exam — 148 practice questions.
Subtopics: Comparative negligence, Binder, Certificate of insurance, Endorsement, Midterm cancellation grounds, Nonpayment notice, Other cancellation notice, Precise reason, New policy exemption, Nonrenewal notice, Nonrenewal reason, Renewal on less favorable terms, Late renewal terms remedy, Notice delivery, Proof of mailing, Refund on cancellation, Guaranteed annual premium, Cancellation law scope, Affiliate transfer, Group P&C termination, Group coverage change, Binder form, Binder duration, Binder extension, Binder terms, P&C claim payment deadline, Unreasonable refusal, Proof of loss forms, No waiver, Venue, Insurable interest timing, Measure of insurable interest, Comparative fault bar, Comparative fault reduction, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Replacement cost, 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, Absolute liability, Vicarious liability, Liability limits, 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 Wyoming's comparative fault statute, an injured claimant is barred from recovering damages when the claimant's fault is:
More than 50 percent of the total fault
Wyo. Stat. 1-1-109(b) allows recovery, reduced by the claimant's share, if the claimant's fault is not more than 50 percent of the total fault; above 50 percent, recovery is barred.
2. A temporary agreement providing immediate insurance coverage until the formal policy is issued is a:
Binder
A binder is a temporary contract that provides coverage until the insurer issues or declines the formal policy.
3. A document a landlord may request as evidence that a tenant's renters policy is in force is a:
Certificate of insurance
A certificate of insurance is a document that evidences the existence and basic terms of a policy in force.
4. A written provision added to a homeowners policy to change its original terms is called a(n):
Endorsement
An endorsement, or rider, is a written form attached to a policy that adds to or modifies its terms.
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.
