Vermont Producer's Examination for Casualty Insurance — Information & Free Practice

US-VT · Examination information

139 free questions · Answer explanations · No signup required

Start free practice →

Vermont Producer's Examination for Casualty Insurance

Provider: Prometric
Format: Computer-delivered four-option multiple-choice examination
Exam questions: 100 scored questions plus 5 unscored items
Time limit: 2 hours

Examination outline

Insurance Regulation (10%)
- Licensing
- Licensing / Process (4800; 4813f)
- Licensing / Types of licensees (4791)
- Licensing / Types of licensees (4791) / Resident (4800(3)(A))
- Licensing / Types of licensees (4791) / Nonresident (4800(3)(B); 4813h)
- Licensing / Types of licensees (4791) / Temporary (4800(3)(D)(ii); 4813k)
- Licensing / Maintenance and duration
- Licensing / Maintenance and duration / Renewal and expiration (4798)
- Licensing / Maintenance and duration / Address change (4800(3)(F))
- Licensing / Maintenance and duration / Assumed business name (4813j)
- Licensing / Maintenance and duration / Reporting of actions (4813o)
- Licensing / Maintenance and duration / Continuing education requirements (4800a; Reg 2000-2 Sec 4)
- Licensing / Disciplinary actions
- Licensing / Disciplinary actions / Denial of license (4800(3)(E))
- Licensing / Disciplinary actions / Cease and desist order (3661)
- Licensing / Disciplinary actions / Suspension, revocation or nonrenewal (4804; 4806)
- Licensing / Disciplinary actions / Penalties (3661(a)(2); 4804(d))
- State regulation
- State regulation / Commissioner's general duties and powers (4726; 4804)
- State regulation / Company regulation
- State regulation / Company regulation / Certificate of authority (3368)
- State regulation / Company regulation / Unfair claim settlement practices (4724(9); Reg 79-2 Sec 1–7)
- State regulation / Company regulation / Policy forms (3541)
- State regulation / Company regulation / Examination of records (3565)
- State regulation / Company regulation / Producer appointment (4798(c); 4813l)
- State regulation / Company regulation / Termination of appointment (4798(d); 4813m)
- State regulation / Producer regulation
- State regulation / Producer regulation / Acting without a license (4793; 4813c)
- State regulation / Producer regulation / Acting without a license (4793; 4813c) / Shared commissions (4796)
- State regulation / Producer regulation / Acting without a license (4793; 4813c) / Trust accounts — anti-commingling (Reg 95-1; 4724(12))
- State regulation / Producer regulation / Acting without a license (4793; 4813c) / Controlled business (4795)
- State regulation / Producer regulation / Acting without a license (4793; 4813c) / Duties (4813c)
- State regulation / Producer regulation / Unfair trade practices (4724)
- State regulation / Producer regulation / Unfair trade practices (4724) / Misrepresentation (4724(1, 11, 13))
- State regulation / Producer regulation / Unfair trade practices (4724) / False advertising (4724(2))
- State regulation / Producer regulation / Unfair trade practices (4724) / Defamation (4724(3))
- State regulation / Producer regulation / Unfair trade practices (4724) / Boycott, coercion and intimidation (4724(4))
- State regulation / Producer regulation / Unfair trade practices (4724) / False financial statements and entries (4724(5))
- State regulation / Producer regulation / Unfair trade practices (4724) / Illegal inducement (4724(6))
- State regulation / Producer regulation / Unfair trade practices (4724) / Unfair discrimination (4724(7))
- State regulation / Producer regulation / Unfair trade practices (4724) / Rebating (4724(8))
- State regulation / Producer regulation / Unfair trade practices (4724) / Failure to maintain complaint record (4724(10))
- State regulation / Producer regulation / Unfair trade practices (4724) / Failure to act as fiduciary (4724(12); Reg 95-1)
- State regulation / Producer regulation / Unfair trade practices (4724) / Unsuitability (4724(16))
- State regulation / Producer regulation / Unfair trade practices (4724) / Nondisclosure of fees or charges (4724(14))
- State regulation / Producer regulation / Consumer privacy regulation (IH-2001-01)
- Federal regulation
- Federal regulation / Fair Credit Reporting Act (15 USC 1681–1681d)
- Federal regulation / Fraud and false statements (18 USC 1033, 1034)
General Insurance (9%)
- Concepts
- Concepts / Risk management key terms
- Concepts / Risk management key terms / Risk
- Concepts / Risk management key terms / Exposure
- Concepts / Risk management key terms / Hazard
- Concepts / Risk management key terms / Peril
- Concepts / Risk management key terms / Loss
- Concepts / Methods of handling risk
- Concepts / Methods of handling risk / Avoidance
- Concepts / Methods of handling risk / Retention
- Concepts / Methods of handling risk / Sharing
- Concepts / Methods of handling risk / Reduction
- Concepts / Methods of handling risk / Transfer
- Concepts / Elements of insurable risks
- Concepts / Adverse selection
- Concepts / Law of large numbers
- Concepts / Reinsurance
- Insurers
- Insurers / Types of insurers
- Insurers / Types of insurers / Captive insurers
- Insurers / Types of insurers / Stock companies
- Insurers / Types of insurers / Mutual companies
- Insurers / Types of insurers / Fraternal benefit societies
- Insurers / Types of insurers / Lloyd's associations
- Insurers / Types of insurers / Risk retention groups
- Insurers / Private versus government insurers
- Insurers / Admitted versus nonadmitted insurers
- Insurers / Domestic, foreign and alien insurers
- Insurers / Financial status (independent rating services)
- Insurers / Marketing (distribution) systems
- Producers and general rules of agency
- Producers and general rules of agency / Insurer as principal
- Producers and general rules of agency / Producer/insurer relationship
- Producers and general rules of agency / Authority and powers of producers
- Producers and general rules of agency / Authority and powers of producers / Express
- Producers and general rules of agency / Authority and powers of producers / Implied
- Producers and general rules of agency / Authority and powers of producers / Apparent
- Contracts
- Contracts / Elements of a legal contract
- Contracts / Elements of a legal contract / Offer and acceptance
- Contracts / Elements of a legal contract / Consideration
- Contracts / Elements of a legal contract / Competent parties
- Contracts / Elements of a legal contract / Legal purpose
- Contracts / Distinct characteristics of an insurance contract
- Contracts / Distinct characteristics of an insurance contract / Contract of adhesion
- Contracts / Distinct characteristics of an insurance contract / Aleatory contract
- Contracts / Distinct characteristics of an insurance contract / Personal contract
- Contracts / Distinct characteristics of an insurance contract / Unilateral contract
- Contracts / Legal interpretations affecting contracts
- Contracts / Legal interpretations affecting contracts / Ambiguities in a contract of adhesion
- Contracts / Legal interpretations affecting contracts / Reasonable expectations
- Contracts / Legal interpretations affecting contracts / Indemnity
- Contracts / Legal interpretations affecting contracts / Utmost good faith
- Contracts / Legal interpretations affecting contracts / Representations/misrepresentations
- Contracts / Legal interpretations affecting contracts / Warranties
- Contracts / Legal interpretations affecting contracts / Concealment
- Contracts / Legal interpretations affecting contracts / Fraud
- Contracts / Legal interpretations affecting contracts / Waiver and estoppel
Casualty Insurance Basics (12%)
- Principles and concepts
- Principles and concepts / Insurable interest
- Principles and concepts / Underwriting
- Principles and concepts / Underwriting / Function
- Principles and concepts / Underwriting / Loss ratio
- Principles and concepts / Rates
- Principles and concepts / Rates / Types
- Principles and concepts / Rates / Loss costs
- Principles and concepts / Rates / Components
- Principles and concepts / Hazards
- Principles and concepts / Hazards / Physical
- Principles and concepts / Hazards / Moral
- Principles and concepts / Hazards / Morale
- Principles and concepts / Negligence
- Principles and concepts / Negligence / Elements of a negligent act
- Principles and concepts / Negligence / Defenses against negligence
- Principles and concepts / Damages
- Principles and concepts / Damages / Compensatory — special versus general
- Principles and concepts / Damages / Punitive
- Principles and concepts / Absolute liability
- Principles and concepts / Absolute liability / Strict liability
- Principles and concepts / Absolute liability / Vicarious liability
- Policy structure
- Policy structure / Declarations
- Policy structure / Definitions
- Policy structure / Insuring agreement or clause
- Policy structure / Additional/supplementary coverage
- Policy structure / Conditions
- Policy structure / Exclusions
- Policy structure / Endorsements
- Common policy provisions
- Common policy provisions / Insureds — named, first named, additional
- Common policy provisions / Policy period
- Common policy provisions / Policy territory
- Common policy provisions / Cancellation and nonrenewal
- Common policy provisions / Deductibles
- Common policy provisions / Other insurance
- Common policy provisions / Other insurance / Nonconcurrency
- Common policy provisions / Other insurance / Primary and excess
- Common policy provisions / Other insurance / Pro rata
- Common policy provisions / Other insurance / Contribution by equal shares
- Common policy provisions / Limits of liability
- Common policy provisions / Limits of liability / Per occurrence (accident)
- Common policy provisions / Limits of liability / Per person
- Common policy provisions / Limits of liability / Aggregate — general versus products — completed operations
- Common policy provisions / Limits of liability / Split
- Common policy provisions / Limits of liability / Combined single
- Common policy provisions / Named insured provisions
- Common policy provisions / Named insured provisions / Duties after loss
- Common policy provisions / Named insured provisions / Assignment
- Common policy provisions / Insurer provisions
- Common policy provisions / Insurer provisions / Liberalization
- Common policy provisions / Insurer provisions / Subrogation
- Common policy provisions / Insurer provisions / Duty to defend
- Vermont laws, regulations and required provisions
- Vermont laws, regulations and required provisions / Vermont Property and Casualty Insurance Guaranty Association (3611–3626)
- Vermont laws, regulations and required provisions / Renewal notice (3882; 4715)
- Vermont laws, regulations and required provisions / Cancellation and nonrenewal (3879–3881; 3883; 4711–4714)
- Vermont laws, regulations and required provisions / Consent to rate (4688(f); Reg I-2010-03)
- Vermont laws, regulations and required provisions / Loss payment (Reg 79-2 Sec 6, 8)
- Vermont laws, regulations and required provisions / Discrimination (3861)
- Vermont laws, regulations and required provisions / Pollution coverage (Bul 111)
- Vermont laws, regulations and required provisions / Required provisions (4203)
- Vermont laws, regulations and required provisions / Federal Terrorism Insurance Program (Bul 142, 150; 15 USC 6701; Public Law 107–297, 109– 144, 110–160)
Homeowners Policy (17%)
- Coverage forms
- Coverage forms / HO-2 through HO-6
- Definitions
- Section II — Liability coverages
- Section II — Liability coverages / Coverage E — Personal liability
- Section II — Liability coverages / Coverage F — Medical payments to others
- Section II — Liability coverages / Additional coverages
- Exclusions
- Conditions
- Selected endorsements
- Selected endorsements / Special provisions — Vermont (HO 01 44)
- Selected endorsements / Limited fungi, wet or dry rot, or bacteria coverage — Vermont (HO 04 02)
- Selected endorsements / Permitted incidental occupancies (HO 04 42)
- Selected endorsements / Home day care — Vermont (HO 23 45)
- Selected endorsements / Business pursuits (HO 24 71)
- Selected endorsements / Watercraft (HO 24 75)
- Selected endorsements / Personal injury (HO 24 82)
Auto Insurance (21%)
- Laws
- Laws / Vermont Motor Vehicle Financial Responsibility and Insurance Laws (Title 23 Sec 800–943)
- Laws / Vermont Motor Vehicle Financial Responsibility and Insurance Laws (Title 23 Sec 800–943) / Required limits of liability (Title 23 Sec 801)
- Laws / Vermont Motor Vehicle Financial Responsibility and Insurance Laws (Title 23 Sec 800–943) / Required proof of insurance (Bul 77)
- Laws / Vermont Automobile Insurance Plan (4241–4246)
- Laws / Vermont Automobile Insurance Plan (4241–4246) / Eligibility
- Laws / Vermont Automobile Insurance Plan (4241–4246) / Liability limitations
- Laws / Vermont Automobile Insurance Plan (4241–4246) / Physical damage coverage limitations
- Laws / Uninsured/underinsured motorist (Title 23 Sec 941)
- Laws / Uninsured/underinsured motorist (Title 23 Sec 941) / Definitions
- Laws / Uninsured/underinsured motorist (Title 23 Sec 941) / Required limits of liability
- Laws / Uninsured/underinsured motorist (Title 23 Sec 941) / Bodily injury
- Laws / Uninsured/underinsured motorist (Title 23 Sec 941) / Property damage
- Laws / Cancellation/nonrenewal
- Laws / Cancellation/nonrenewal / Grounds (4223)
- Laws / Cancellation/nonrenewal / Notice (4224–4226)
- Laws / Cancellation/nonrenewal / Notice of eligibility in assigned risk plan (4227)
- Laws / Binders (Title 23 Sec 942)
- Laws / Surcharges (4671–4675)
- Personal auto policy
- Personal auto policy / Definitions
- Personal auto policy / Liability coverage
- Personal auto policy / Liability coverage / Bodily injury and property damage
- Personal auto policy / Liability coverage / Supplementary payments
- Personal auto policy / Liability coverage / Exclusions
- Personal auto policy / Medical payments
- Personal auto policy / Uninsured motorist/underinsured motorist coverage
- Personal auto policy / Coverage for damage to your auto
- Personal auto policy / Coverage for damage to your auto / Collision
- Personal auto policy / Coverage for damage to your auto / Other than collision
- Personal auto policy / Coverage for damage to your auto / Deductibles
- Personal auto policy / Coverage for damage to your auto / Transportation expense
- Personal auto policy / Coverage for damage to your auto / Exclusions
- Personal auto policy / Duties after an accident or loss
- Personal auto policy / General provisions
- Personal auto policy / Selected endorsements
- Personal auto policy / Selected endorsements / Amendment of policy provisions — Vermont (PP 01 72)
- Personal auto policy / Selected endorsements / Towing and labor costs (PP 03 03)
- Personal auto policy / Selected endorsements / Extended non-owned coverage (PP 03 06)
- Personal auto policy / Selected endorsements / Miscellaneous type vehicle (PP 03 23)
- Personal auto policy / Selected endorsements / Joint ownership coverage — Vermont (PP 03 80)
- Commercial auto
- Commercial auto / Commercial auto coverage forms
- Commercial auto / Commercial auto coverage forms / Business auto
- Commercial auto / Commercial auto coverage forms / Auto Dealers
- Commercial auto / Commercial auto coverage forms / Business auto physical damage
- Commercial auto / Commercial auto coverage forms / Truckers
- Commercial auto / Commercial auto coverage forms / Motor carrier
- Commercial auto / Coverage form sections
- Commercial auto / Coverage form sections / Covered autos
- Commercial auto / Coverage form sections / Liability coverage
- Commercial auto / Coverage form sections / Garagekeepers coverage
- Commercial auto / Coverage form sections / Trailer interchange coverage
- Commercial auto / Coverage form sections / Physical damage coverage
- Commercial auto / Coverage form sections / Exclusions
- Commercial auto / Coverage form sections / Conditions
- Commercial auto / Coverage form sections / Definitions
- Commercial auto / Selected endorsements
- Commercial auto / Selected endorsements / Lessor — additional insured and loss payee (CA 20 01)
- Commercial auto / Selected endorsements / Mobile equipment (CA 20 15)
- Commercial auto / Selected endorsements / Auto medical payments coverage (CA 99 03)
- Commercial auto / Selected endorsements / Drive other car coverage (CA 99 10)
- Commercial auto / Selected endorsements / Individual named insured (CA 99 17)
- Commercial auto / Commercial carrier regulations
- Commercial auto / Commercial carrier regulations / The Motor Carrier Act of 1980
- Commercial auto / Commercial carrier regulations / Endorsement for motor carrier policies of insurance for public liability (MCS-90)
Commercial Package Policy (CPP) (9%)
- Components of a commercial policy
- Components of a commercial policy / Common policy declarations
- Components of a commercial policy / Common policy conditions
- Components of a commercial policy / Interline endorsements
- Components of a commercial policy / One or more coverage parts
- Commercial general liability
- Commercial general liability / Commercial general liability coverage forms
- Commercial general liability / Commercial general liability coverage forms / Bodily injury and property damage liability
- Commercial general liability / Commercial general liability coverage forms / Personal and advertising injury liability
- Commercial general liability / Commercial general liability coverage forms / Medical payments
- Commercial general liability / Commercial general liability coverage forms / Supplementary payments
- Commercial general liability / Commercial general liability coverage forms / Who is an insured
- Commercial general liability / Commercial general liability coverage forms / Limits of liability
- Commercial general liability / Commercial general liability coverage forms / Conditions
- Commercial general liability / Commercial general liability coverage forms / Definitions
- Commercial general liability / Commercial general liability coverage forms / Exclusions
- Commercial general liability / Premises and operations
- Commercial general liability / Products and completed operations
- Commercial general liability / Insured contract
- Commercial crime
- Commercial crime / General definitions
- Commercial crime / General definitions / Burglary
- Commercial crime / General definitions / Theft
- Commercial crime / General definitions / Robbery
- Commercial crime / Crime coverage forms
- Commercial crime / Crime coverage forms / Commercial crime coverage forms (discovery/loss sustained)
- Commercial crime / Crime coverage forms / Government crime coverage forms (discovery/loss sustained)
- Commercial crime / Coverages
- Commercial crime / Coverages / Employee theft
- Commercial crime / Coverages / Forgery or alteration
- Commercial crime / Coverages / Inside the premises — theft of money and securities
- Commercial crime / Coverages / Inside the premises — robbery or safe burglary of other property
- Commercial crime / Coverages / Outside premises
- Commercial crime / Coverages / Computer fraud
- Commercial crime / Coverages / Funds transfer fraud
- Commercial crime / Coverages / Money orders and counterfeit money
- Commercial crime / Other crime coverage
- Commercial crime / Other crime coverage / Extortion — commercial entities
- Farm coverage
- Farm coverage / Farm liability coverage form
- Farm coverage / Farm liability coverage form / Coverage H — Bodily injury and property damage liability
- Farm coverage / Farm liability coverage form / Coverage I — Personal advertising injury liability
- Farm coverage / Farm liability coverage form / Coverage J — Medical payments
- Farm coverage / Definitions
- Farm coverage / Conditions
- Farm coverage / Exclusions
- Farm coverage / Limits
- Farm coverage / Additional coverages
Businessowners Policy (8%)
- Characteristics and purpose
- Businessowners Section II — Liability
- Businessowners Section II — Liability / Coverages
- Businessowners Section II — Liability / Exclusions
- Businessowners Section II — Liability / Who is an insured
- Businessowners Section II — Liability / Limits of insurance
- Businessowners Section II — Liability / General conditions
- Businessowners Section II — Liability / Definitions
- Businessowners Section III — Common Policy Conditions
Workers Compensation Insurance (7%)
- Workers compensation laws
- Workers compensation laws / Type of law
- Workers compensation laws / Type of law / Compulsory versus elective
- Workers compensation laws / Vermont Workers' Compensation Law
- Workers compensation laws / Vermont Workers' Compensation Law / Exclusive remedy
- Workers compensation laws / Vermont Workers' Compensation Law / Employment covered (required, voluntary)
- Workers compensation laws / Vermont Workers' Compensation Law / Covered injuries
- Workers compensation laws / Vermont Workers' Compensation Law / Occupational disease
- Workers compensation laws / Vermont Workers' Compensation Law / Benefits provided
- Workers compensation laws / Federal workers compensation laws
- Workers compensation laws / Federal workers compensation laws / Federal Employer Liability Act (FELA) (45 USC 51–60)
- Workers compensation laws / Federal workers compensation laws / U.S. Longshore & Harbor Workers'
- Workers compensation laws / Federal workers compensation laws / U.S. Longshore & Harbor Workers' / Compensation Act (33 USC 904)
- Workers compensation laws / Federal workers compensation laws / The Jones Act (46 USC 688)
- Workers compensation and employers liability insurance policy
- Workers compensation and employers liability insurance policy / General section
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Part Two — Employers liability insurance
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Part Three — Other states insurance
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Part Four — Your duties if injury occurs
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Part Five — Premium
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Part Six — Conditions
- Workers compensation and employers liability insurance policy / Part One — Workers compensation insurance / Voluntary compensation endorsement
- Premium computation
- Premium computation / Job classification — payroll and rates
- Premium computation / Experience modification factor
- Premium computation / Premium discounts
- Other sources of coverages
- Other sources of coverages / Vermont workers' compensation administration fund
- Other sources of coverages / Self-insured employers and employer groups
Other Coverages and Options (7%)
- Umbrella/excess liability policies
- Umbrella/excess liability policies / Personal (DL 98 01)
- Umbrella/excess liability policies / Commercial (CU 00 01)
- Specialty liability insurance
- Specialty liability insurance / Cyber liability coverage
- Specialty liability insurance / Professional liability
- Specialty liability insurance / Errors and omissions
- Specialty liability insurance / Directors and officers liability
- Specialty liability insurance / Fiduciary liability
- Specialty liability insurance / Liquor liability
- Specialty liability insurance / Employment practices liability
- Surplus lines
- Surplus lines / Definitions and markets
- Surplus lines / Licensing requirements
- Surety bonds
- Surety bonds / Principal, obligee, surety
- Surety bonds / Contract bonds
- Surety bonds / License and permit bonds
- Surety bonds / Judicial bonds
- Ocean marine insurance
- Ocean marine insurance / Protection and indemnity

Examination sources

Prometric: Vermont Producer's Examination for Casualty Insurance, Series 14-42
Page 1, examination-specific complete outline and weights
Prometric: Vermont Producer's Examination for Casualty Insurance, Series 14-42
Page 1, official outline effective date
Prometric: Vermont Producer's Examination for Casualty Insurance, Series 14-42
Page 1, scored and unscored question counts
Vermont Licensing Information Bulletin
Page 13, Question Types
Prometric: Vermont Producer's Examination for Casualty Insurance, Series 14-42
Page 1, series identifying a separately offered examination
Vermont Licensing Information Bulletin
Page 28, examination registration instruction