Free Casualty Insurance Basics Practice Questions
Wisconsin Casualty exam (series 22-07) — 132 practice questions.
Subtopics: Joint and several liability, Direct action, Insured bankruptcy, Liability notice provision, Appraisal and arbitration, 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, 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. In Wisconsin, a defendant becomes jointly and severally liable for all damages allowed when the defendant’s share of causal negligence is at least:
51 percent
A defendant less than 51 percent negligent pays only its percentage; one found 51 percent or more negligent is jointly and severally liable.
2. Under Wisconsin’s direct action rule, a person injured by an insured’s negligence:
May proceed against the insurer without first getting a judgment against the insured
Section 632.24 makes the insurer liable to persons entitled to recover against the insured irrespective of whether liability is established or depends on a final judgment.
3. Every Wisconsin liability policy must provide that the insured’s bankruptcy or insolvency:
Does not diminish the insurer’s liability to third parties
Section 632.22 requires a provision that the insured’s bankruptcy or insolvency does not diminish the insurer’s liability to third parties.
4. Every Wisconsin liability policy must state that notice given by the policyholder to any authorized agent of the insurer in Wisconsin, with enough information to identify the insured, is:
Proper notice to the insurer
Section 632.26(1) requires this provision and protects late notice when timely notice was not reasonably possible.
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.
