Free Casualty Insurance Basics Practice Questions
Ohio Casualty exam (series 11-47) — 152 practice questions.
Subtopics: Commercial cancellation, Nonpayment cancellation, Medical malpractice cancellation, Claims handling, Claim denials, Multiple liability insurers, Unfair claims practices, Claims payment, Claim files, Claims communications, Premium increase notice, Commercial nonrenewal, Guaranty association, Compensatory damages, Special damages, General damages, Punitive damages, Strict liability, Vicarious liability, Absolute liability, Negligence elements, Proximate cause, Comparative negligence, Assumption of risk, Accident vs occurrence, Split limits, Combined single limit, Aggregate limit, Duty to defend, Supplementary payments, First named insured, Duties after loss, Other insurance, Underwriting purpose, Rate development, Subrogation condition, Liberalization, Policy territory, Hazard types, Claim settlement options, Cancellation pro rata, Loss payable, No benefit to bailee, Duties assignment, Negligence per se, Res ipsa loquitur, Intervening cause, Terrorism program, Bodily injury defined, Property damage defined, Insured contract, Self-insured retention, Tort defined, Battery, Libel, Nuisance, Trespass, Contributory negligence, Last clear chance, Joint and several liability, Respondeat superior, Attractive nuisance, Reasonable person standard, Burden of proof, Statute of limitations, Duty to mitigate, Nominal damages, Bailment, Hold harmless agreement, Named insured, Additional insured, Sublimit, Erosion of aggregate, Deductible, Loss reserve, IBNR reserve, Loss adjustment expense, Proof of loss, Appraisal clause, Arbitration, Short-rate cancellation, Notice of cancellation, Nonrenewal, Coverage trigger, Defense within limits, Severability of insureds, Premium audit, Retrospective rating, Schedule rating, Earned premium, Certificate of insurance, Split limits application, Intentional torts, Slander, Conversion, Invasion of privacy, Modified comparative negligence, Pure comparative negligence, Comparative negligence calculation, Legal liability sources, Criminal vs civil, Duty of care to entrants, Dram shop laws, Products liability, Occurrence vs claims-made, Claims-made tail, Common policy conditions, Legal action against insurer, Bankruptcy condition, Supplementary payments limits, Cancellation calculation, Limits calculation, Deductible types, Primary and excess, Contribution by equal shares, Contribution by limits, Duty to defend scope, Reservation of rights, Medical payments vs liability, Personal injury vs bodily injury, Claim vs suit, Negligence defenses, Extended reporting period, Retroactive date
Read the Casualty Insurance Basics study guide
Sample questions & answers
1. A notice canceling an Ohio commercial property policy must be mailed to the insured and also to:
The insured's agent
The notice must contain the policy number, date, effective date and reason, and must also be mailed to the insured's agent.
2. May an Ohio insurer include a notice of cancellation for nonpayment of premium with a billing notice?
Yes; it may be effective on or after the due date, with 10 days' notice
For commercial, auto and personal lines policies Ohio allows the nonpayment cancellation notice to be included with the bill, effective on or after the due date, subject to the ten-day minimum.
3. After an Ohio commercial property or commercial casualty policy (other than auto, med mal, or bonds) has been in force more than 90 days, which is a permitted ground for midterm cancellation?
Failure to follow reasonable written loss control recommendations
After 90 days, cancellation must rest on listed grounds such as nonpayment, fraud, moral hazard, substantial change in risk, loss of reinsurance, failure to correct safety violations or follow loss control recommendations, or a Superintendent finding of hazard.
4. Except for nonpayment, an Ohio insurer canceling a medical malpractice policy must give notice at least how many days before the cancellation takes effect?
60 days
Medical malpractice cancellations (other than nonpayment, which needs ten days) must take effect no less than sixty days from mailing; nonrenewals and premium increases also need sixty days.
Practice: Casualty Insurance 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.
