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Free NV Casualty Practice Questions

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Sample Practice Questions

Try these 10 sample questions from the NV Casualty practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

  1. 1Under Nevada workers’ compensation law, when is travel generally deemed in the course of employment?

    1. A. When the employee receives wages for the travel
    2. B. Only when travel occurs outside Nevada
    3. C. Never when a vehicle is used
    4. D. Only when the employee owns the vehicle

    Answer: A

    Explanation: NRS 616B.612 states: "Travel for which an employee receives wages shall" be deemed in the course of employment.

    Reference: Nrs 616B — NRS 616B.612(3)

  2. 2A property owner grows careless about repairing faulty wiring because insurance will absorb a possible loss, but would not profit from a fire. Which hazard best describes this attitude?

    1. A. Moral hazard
    2. B. Morale hazard
    3. C. Physical hazard
    4. D. Legal hazard

    Answer: B

    Explanation: "Morale Hazard As utilized by insurance experts, this term refers to carelessness or indifference to loss because of the existence of insurance." The attitude is carelessness without gain from the insured event, the insurance-expert meaning of morale hazard. The wiring itself is a physical hazard; intentional gain differs.

    Reference: NAIC A Regulator's Introduction to the Insurance Industry — Glossary, p. 232, Morale Hazard

  3. 3Before advising on an auto policy, a producer needs to verify the listed insured car, coverage amounts and deductible. Which policy part ordinarily contains those specific details?

    1. A. The declarations page
    2. B. The insuring agreement
    3. C. The general conditions
    4. D. The exclusions section

    Answer: A

    Explanation: "Declarations (DEC) Page - Usually the first page of an insurance policy that contains the full legal name of your insurance company, your name and address, the policy number, effective and expiration dates, premium payable, the amount and types of coverage, deductibles, the vehicle(s) insured, and the vehicle identification numbers (VIN)." The declarations identify the vehicle, amounts and deductibles. The other parts govern coverage promises, duties or restrictions.

    Reference: California Department of Insurance Automobile Insurance Terms — Automobile Insurance Terms > Declarations (DEC) Page

  4. 4Which Nevada official is charged with administering and enforcing the Nevada Insurance Code?

    1. A. The Commissioner of Insurance
    2. B. The Secretary of State
    3. C. The State Treasurer
    4. D. The Attorney General acting alone

    Answer: A

    Explanation: The Commissioner is the Code’s principal administrator. NRS 679B.120 directs the Commissioner to "Enforce the provisions of this Code" among the office’s enumerated duties.

    Reference: Nrs 679B — NRS 679B.120(3)

  5. 5For nonpayment of premium, what minimum advance notice applies to cancellation of a Nevada industrial-insurance policy under NRS 687B.325?

    1. A. 5 days
    2. B. 10 days
    3. C. 30 days
    4. D. 60 days

    Answer: B

    Explanation: NRS 687B.325 says: "An insurer shall not cancel a policy of industrial insurance pursuant to paragraph (a) of subsection 1 except upon 10 days" of written notice.

    Reference: Nrs 687B — NRS 687B.325(2)

  6. 6Unless rejected in writing, what minimum uninsured-motorist coverage must a Nevada motor-vehicle liability policy include?

    1. A. At least the statutory bodily-injury liability minimum
    2. B. Unlimited property coverage
    3. C. Only collision coverage
    4. D. No uninsured-motorist coverage

    Answer: A

    Explanation: NRS 690B.020 says: "The amount of coverage to be provided must be not less than the minimum limits for liability insurance for bodily injury."

    Reference: Nrs 690B — NRS 690B.020(2)

  7. 7A contractor's installation is finished and accepted. Months later, faulty completed work injures a customer. Which CGL exposure describes the injury?

    1. A. Premises and operations liability
    2. B. Completed operations liability
    3. C. Products liability
    4. D. Personal and advertising injury liability

    Answer: B

    Explanation: "Completed operations covers your potential liability for bodily injury or property damage that arises out of your completed work." The injury arises after the work is complete, so it fits completed operations; the other exposures describe different sources or timing.

    Reference: California Department of Insurance Commercial Insurance Guide — Commercial General Liability > Coverage

  8. 8A covered property loss is $8,000, the policy limit is $20,000, and no deductible applies. What payment would fully indemnify this loss without creating a gain?

    1. A. $8,000
    2. B. $12,000
    3. C. $20,000
    4. D. $28,000

    Answer: A

    Explanation: "the individual recovering under an insurance policy should be restored to the approximate financial position he or she was in prior to the loss." Paying $8,000 restores the insured's $8,000 loss. $12,000 subtracts the loss from the limit; $20,000 treats the limit as the loss; $28,000 adds the limit to the loss.

    Reference: NAIC Glossary of Insurance Terms — Glossary > Indemnity, Principle of

  9. 9A business liability claim falls within the hazards described by a policy's insuring agreement. Before checking exclusions, what role does that agreement play?

    1. A. It states the initial scope of hazards the insurer agrees to cover
    2. B. It states every loss is covered despite the policy exclusions
    3. C. It states only the policyholder's post-loss reporting duties
    4. D. It states the final payment amount after all policy limits

    Answer: A

    Explanation: "the policy (insuring agreement) covers all hazards within the scope of the insuring agreement that are not otherwise excluded." The insuring agreement establishes the initial covered scope; exclusions and other terms can then narrow or condition it.

    Reference: California Department of Insurance Commercial Insurance Guide — Commercial General Liability > Coverage

  10. 10During an official examination of an insurer, what access may the Nevada Commissioner require?

    1. A. Only tax returns already filed publicly
    2. B. Access to the insurer’s books, records and documents relevant to the examination
    3. C. Only records voluntarily selected by the insurer
    4. D. No records without a criminal warrant

    Answer: B

    Explanation: Nevada examination authority reaches the records needed to evaluate an insurer. NRS 679B.230 directs the Commissioner to "examine the affairs, transactions, accounts, records and assets of each authorized insurer."

    Reference: Nrs 679B — NRS 679B.230(1)

Topics in this practice bank

These topics describe the available practice for NV Casualty. Review the examination outline and its sources for scope and allocation details.

  • Casualty — General knowledge — TYPES OF POLICIES, BONDS, AND RELATED TERMS
    • Commercial general liability
    • Commercial general liability > Exposures
    • Commercial general liability > Exposures > Premises and Operations
    • Commercial general liability > Exposures > Products and Completed Operations
    • Commercial general liability > Coverage
    • Commercial general liability > Coverage > Coverage A: Bodily Injury and Property Damage Liability (Occurrence, Claims made including Retroactive Date)
    • Commercial general liability > Coverage > Coverage B: Personal Injury and Advertising Injury
    • Commercial general liability > Coverage > Coverage C: Medical Payments
    • Commercial general liability > Coverage > Supplemental Payments
    • Commercial general liability > Coverage > Who is an insured
    • Commercial general liability > Coverage > First named insured
    • Commercial general liability > Coverage > Limits (Per occurrence, Annual Aggregate)
    • Commercial general liability > Coverage > Damage to Property of Others
    • Automobile: personal auto and business auto
    • Automobile: personal auto and business auto > Liability
    • Automobile: personal auto and business auto > Liability > Bodily Injury
    • Automobile: personal auto and business auto > Liability > Property Damage
    • Automobile: personal auto and business auto > Liability > Split Limits
    • Automobile: personal auto and business auto > Liability > Combined Single Limit
    • Automobile: personal auto and business auto > Medical Payments
    • Automobile: personal auto and business auto > Physical Damage (collision; other than collision; specified perils)
    • Automobile: personal auto and business auto > Uninsured motorists
    • Automobile: personal auto and business auto > Underinsured motorists
    • Automobile: personal auto and business auto > Who is an insured
    • Automobile: personal auto and business auto > Types of Auto
    • Automobile: personal auto and business auto > Types of Auto > Owned
    • Automobile: personal auto and business auto > Types of Auto > Non-owned
    • Automobile: personal auto and business auto > Types of Auto > Hired
    • Automobile: personal auto and business auto > Types of Auto > Temporary Substitute
    • Automobile: personal auto and business auto > Types of Auto > Newly Acquired Autos
    • Automobile: personal auto and business auto > Types of Auto > Transportation Expense and Rental Reimbursement Expense
    • Automobile: personal auto and business auto > Auto Dealers Coverage Form, including Garagekeepers Insurance
    • Automobile: personal auto and business auto > Exclusions
    • Automobile: personal auto and business auto > Individual Insured and Drive Other Car (DOC)
    • Automobile: personal auto and business auto > Mobile equipment
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Standard policy concepts
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Standard policy concepts > Who is an employee/employer
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Standard policy concepts > Compensation
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Work-related vs. non-work-related
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Other states’ insurance
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Employers Liability
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Exclusive remedy
    • Workers Compensation Insurance, Employers Liability Insurance, and Related Issues > Premium Determination
    • Crime
    • Crime > Employee Dishonesty
    • Crime > Theft
    • Crime > Robbery
    • Crime > Burglary
    • Crime > Forgery and Alteration
    • Crime > Mysterious disappearance
    • Bonds
    • Bonds > Surety
    • Bonds > Fidelity
    • Professional liability
    • Professional liability > Errors and Omissions
    • Professional liability > Medical Malpractice
    • Professional liability > Directors and Officers (D&O)
    • Professional liability > Employment Practices Liability (EPLI)
    • Professional liability > Cyber liability and data breach, funds transfer
    • Professional liability > Liquor liability
    • Umbrella/Excess Liability
    • Businessowners Policy (BOP)
  • Casualty — General knowledge — INSURANCE TERMS AND RELATED CONCEPTS
    • Risk
    • Hazards
    • Hazards > Moral
    • Hazards > Morale
    • Hazards > Physical
    • Indemnity
    • Insurable interest
    • Loss valuation
    • Loss valuation > Actual cash value
    • Loss valuation > Replacement cost
    • Loss valuation > Market value
    • Loss valuation > Stated/agreed value
    • Loss valuation > Salvage value
    • Negligence
    • Liability
    • Occurrence
    • Binders
    • Warranties
    • Representations
    • Concealment
    • Deposit Premium/Audit
    • Certificate of Insurance
    • Law of Large Numbers
    • Pure vs. Speculative Risk
    • Endorsements
    • Damages
    • Damages > Compensatory
    • Damages > Compensatory > General
    • Damages > Compensatory > Special
    • Damages > Punitive
    • Compliance with provisions of Fair Credit Reporting Act
  • Casualty — General knowledge — POLICY PROVISIONS
    • Declarations
    • Insuring agreement
    • Conditions
    • Exclusions and Limitations
    • Definition of the insured
    • Duties of the insured after a loss
    • Cancellation and nonrenewal provisions
    • Supplementary payments
    • Proof of loss
    • Notice of claim
    • Other insurance
    • Subrogation
    • Loss settlement provisions including consent to settle a loss
    • Terrorism Risk Insurance Act (TRIA)
  • Casualty — Nevada specific — NEVADA STATUTES AND CODES COMMON TO LIFE, HEALTH, PROPERTY, AND CASUALTY INSURANCE
    • Insurance Commissioner
    • Insurance Commissioner > General powers and duties
    • Insurance Commissioner > Examinations
    • Insurance Commissioner > Notice and hearings; penalties
    • Definitions
    • Definitions > Insurer
    • Definitions > Authorized and unauthorized
    • Definitions > Domestic, foreign, and alien
    • Definitions > Transacting insurance
    • Definitions > Certificate of authority
    • Definitions > Premiums
    • Licensing
    • Licensing > Persons required to be licensed
    • Licensing > Persons required to be licensed > Producer
    • Licensing > Persons required to be licensed > Managing general agent
    • Licensing > Persons required to be licensed > Nonresident
    • Licensing > Persons required to be licensed > Adjuster
    • Licensing > Persons required to be licensed > Bail agent
    • Licensing > Persons required to be licensed > Bail enforcement agent
    • Licensing > Persons required to be licensed > Surplus lines broker
    • Licensing > Persons required to be licensed > Limited Lines producer
    • Licensing > Persons required to be licensed > Insurance Consultant
    • Licensing > Persons required to be licensed > Reinsurance intermediary
    • Licensing > Persons required to be licensed > Administrator
    • Licensing > Obtaining a license
    • Licensing > Obtaining a license > Insurance company appointment
    • Licensing > Obtaining a license > License requirements
    • Licensing > Obtaining a license > Authorization to act
    • Licensing > Termination of license
    • Licensing > Termination of license > Renewal/Continuing Education
    • Licensing > Termination of license > Suspension, revocation, refusal of license
    • Licensing > Name of licensee–true, fictitious
    • Marketing practices
    • Marketing practices > Unfair practices
    • Marketing practices > Unfair practices > Unfair claims methods and practices; Settlement of claims
    • Marketing practices > Unfair practices > Rebating - Inducement
    • Marketing practices > Unfair practices > Twisting
    • Marketing practices > Unfair practices > Misrepresentation
    • Marketing practices > Unfair practices > Fraud
    • Marketing practices > Unfair practices > Unfair discrimination
    • Marketing practices > Unfair practices > Defamation
    • Marketing practices > Fiduciary responsibilities, trusts
    • Marketing practices > Commissions - payments, acceptance, sharing, prohibitions
    • Marketing practices > Required records and record retention
    • Nevada Insurance Guaranty Association (NIGA)
  • Casualty — Nevada specific — NEVADA STATUTES AND CODES COMMON TO PROPERTY AND CASUALTY INSURANCE
    • Cancellation and nonrenewal of policies
    • General rate standard and regulation
    • Countersigning of policies
    • Surplus lines
    • Surplus lines > Definition
    • Surplus lines > Fees and filing requirements
    • Payment of motor vehicle physical damage claims
    • Binders
    • Motor vehicle physical damage appraiser
  • Casualty — Nevada specific — NEVADA STATUTES AND CODES PERTINENT TO CASUALTY INSURANCE ONLY
    • Automobile insurance
    • Automobile insurance > Uninsured/underinsured motorists provisions
    • Automobile insurance > Proof of financial responsibility
    • Automobile insurance > Proof of financial responsibility > General requirements
    • Automobile insurance > Proof of financial responsibility > Required limits
    • Automobile insurance > Premium determination
    • Automobile insurance > Premium reduction for older drivers
    • Automobile insurance > Policy coverages, limitations and exclusions of certain drivers from a policy
    • Casualty contracts
    • Casualty contracts > Vehicle Insurance
    • Casualty contracts > Liability
    • Casualty contracts > Theft/Burglary
    • Casualty contracts > Surety
    • Workers compensation
    • Workers compensation > Who is required to have coverage
    • Workers compensation > Exceptions
    • Workers compensation > Sole remedy
    • Workers compensation > Compliance
    • Workers compensation > Compliance > Self-insurance
    • Workers compensation > Premium Rating

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These are independent study questions, not actual examination items. For examination requirements and official information, view NV Casualty details.