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Free Property Casualty Basics Practice Questions

South Dakota Personal Lines exam — 101 practice questions.

Subtopics: Declarations, Insuring agreement, Exclusions, Named peril, Coinsurance, Deductible, Occurrence basis, Negligence, Liability coverage, Endorsement, Policy structure DICE, 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, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Absolute liability, Vicarious liability, Comparative negligence, Liability limits, Binder, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Certificate of insurance, 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, Self-insured 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

Read the Property Casualty Basics study guide

Sample questions & answers

1. The part of a property policy that lists the named insured, policy period, limits, and premium is the:

Declarations page

The declarations page identifies the insured, the property, the policy period, the limits, and the premium.

2. The section of a policy that states what the insurer promises to cover is the:

Insuring agreement

The insuring agreement sets out the insurer's promise and the scope of the coverage provided.

3. Provisions that remove certain perils, property, or losses from coverage are the policy's:

Exclusions

Exclusions describe perils, property, or situations the policy does not cover.

4. A property policy that covers only the causes of loss specifically listed is written on a:

Named-peril basis

A named-peril policy covers only the perils specifically listed, placing the burden on the insured to show the cause is covered.

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Practice: Property Casualty Basics

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.