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Free Other Types of Property and Casualty Practice Questions

New Jersey Property & Casualty exam — 32 practice questions.

Subtopics: Inland marine, Surety bond, 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, Errors and omissions, Farmowners, Terrorism coverage, Mobile home

Read the Other Types of Property and Casualty study guide

Sample questions & answers

1. Inland marine insurance is commonly used to cover:

Movable property and property in transit

Inland marine covers movable property, property in transit, and certain specialized risks.

2. In a surety bond, the party guaranteeing performance to the obligee is the:

Surety

The surety guarantees the principal's performance of an obligation to the obligee.

3. A commercial umbrella policy generally provides:

Excess limits above underlying policies and may drop down to cover some claims not insured by the underlying policy (subject to a self-insured retention)

An umbrella sits above scheduled underlying coverages, provides higher limits, and may drop down (subject to an SIR) for claims the underlying does not cover.

4. In a surety bond, the party who guarantees the performance or obligations of the principal is the:

Surety

The surety guarantees the principal's performance to the obligee; if the principal defaults, the surety is responsible.

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.