1. Exam Prep
  2. New Hampshire
  3. Property & Casualty
  4. General Insurance Concepts

Free General Insurance Concepts Practice Questions

New Hampshire Property & Casualty exam — 39 practice questions.

Subtopics: Warranty, Fortuitous loss, Moral hazard, Combined ratio, Domestic insurer, Loss exposure, Handling risk, Insurer classifications, Adverse selection, Elements of a contract, Insurable risk, Hazards, Definitions, Authority of producers, Legal interpretations, Law of large numbers, Principle of indemnity, Utmost good faith, Concealment, Waiver and estoppel, Subrogation, Reinsurance, Admitted vs nonadmitted, Domestic foreign alien, Aleatory contract, Contract of adhesion, Unilateral contract, Apparent authority, Rebating, Risk pooling, Pro-rata cancellation

Read the General Insurance Concepts study guide

Sample questions & answers

1. A warranty in an insurance contract is a statement that is:

Guaranteed to be true and part of the contract

A warranty is a statement guaranteed to be true and forms part of the contract, unlike a representation.

2. For a loss to be insurable, it generally must be fortuitous, meaning it is:

Accidental and outside the insured's control

An insurable loss must be fortuitous, meaning accidental and beyond the insured's control.

3. A person who intentionally causes or exaggerates a loss to collect insurance presents a:

Moral hazard

A moral hazard arises from dishonesty or a tendency to cause or exaggerate a loss to collect insurance.

4. An insurer's combined ratio compares:

Losses and expenses to premiums earned

The combined ratio measures losses and expenses against premiums earned to gauge underwriting profitability.

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Practice: General Insurance Concepts

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.