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  4. Other Types of Property and Casualty

Free Other Types of Property and Casualty Practice Questions

Arkansas Property & Casualty exam — 36 practice questions.

Subtopics: Business income, Surety bond, Fidelity bond, Inland marine, Errors and omissions, Businessowners policy, Umbrella and excess, Surety bonds, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation, Professional liability, Directors and officers, Employment practices liability, Cyber liability, Boiler and machinery, Fidelity bonds, Inland marine floater, Crop insurance, Title insurance, Yacht coverage, Surplus lines, Farmowners, Terrorism coverage, Mobile home

Read the Other Types of Property and Casualty study guide

Sample questions & answers

1. Business income (business interruption) coverage replaces:

Income a business loses while operations are suspended after a covered property loss

Business income coverage replaces earnings lost while operations are suspended due to a covered property loss.

2. In a surety bond, the party that guarantees the performance of another is the:

Surety

The surety guarantees to the obligee that the principal will perform the underlying obligation.

3. A fidelity bond protects an employer against:

Loss from dishonest acts of employees

A fidelity bond protects the employer against losses caused by dishonest or fraudulent employee acts.

4. Inland marine coverage is commonly used to insure:

Movable property and property in transit over land

Inland marine covers movable property and property in transit over land, among other specialized exposures.

All Property & Casualty topics

Practice: Other Types of Property and Casualty

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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.