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New Mexico Casualty Insurance — Information & Free Practice

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New Mexico Casualty Insurance

Provider
PSI Services LLC
Format
Computer administered examination; test center or remote proctoring
Exam questions
100 scored items, plus 5 to 10 unscored experimental questions
Time limit
2 hours
Passing score
70% correct
Exam fee
$75
Examination outline
  • Insurance Regulation (10%)
    • Licensing
    • Licensing / Process (59A-11-2, 3, 59A-12-12; Reg 13.4.2.8, .9)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11) / Insurance Producers (59A-12-2)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11) / Brokers (59A-12-3)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11) / Consultants (59A-11A-1-8)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11) / Nonresident (59A-12-25) (59A-11-24)
    • Licensing / Types of Licensees (Reg 13.4.2.7, .11) / Temporary (59A-11-4; 59A-12-19; Reg 13.4.2.12)
    • Licensing / Maintenance and Duration
    • Licensing / Maintenance and Duration / Expiration and Renewal (59A-11-10, 11)
    • Licensing / Maintenance and Duration / Address Change (59A-12-17) (59A-11-24)
    • Licensing / Maintenance and Duration / Continuing Education (59A-12-26; Reg 13.4.7.9, .12)
    • Licensing / Disciplinary Actions
    • Licensing / Disciplinary Actions / Suspension, Revocation, or Refusal to Renew (59A-11-8, 10, 14–16, 18)
    • Licensing / Disciplinary Actions / Cease and Desist Orders (59A-16-27)
    • Licensing / Disciplinary Actions / Penalties and Fines (59A-1-18, 59A-11- 17, 21)
    • State Regulation
    • State Regulation / Superintendent's General Duties and Powers (59A-2-8-10)
    • State Regulation / Company Regulation
    • State Regulation / Company Regulation / Certificate of Authority (59A-5-10)
    • State Regulation / Company Regulation / Unfair Claims Settlement Practices (59A-16-20)
    • State Regulation / Company Regulation / Complaint Record (59A-16-22)
    • State Regulation / Company Regulation / Appointment of Insurance Producer (59A- 11-12; Reg 13.4.2.17)
    • State Regulation / Company Regulation / Termination of Insurance Producer Appointment (59A-11-13; Reg 13.4.2.29)
    • State Regulation / Insurance Producer Regulation
    • State Regulation / Insurance Producer Regulation / Shared Commissions (59A-12-24)
    • State Regulation / Insurance Producer Regulation / Fiduciary Duties (59A-12-22)
    • State Regulation / Insurance Producer Regulation / Prohibited Premiums or Charges (59A-16- 24)
    • State Regulation / Unfair Insurance Trade Practices
    • State Regulation / Unfair Insurance Trade Practices / Misrepresentation (59A-16-4, 23)
    • State Regulation / Unfair Insurance Trade Practices / False Advertising (59A-16-4, 5)
    • State Regulation / Unfair Insurance Trade Practices / Twisting (59A-16-6)
    • State Regulation / Unfair Insurance Trade Practices / Defamation (59A-16-10)
    • State Regulation / Unfair Insurance Trade Practices / Unfair Discrimination (59A-16, 13, 17(D))
    • State Regulation / Unfair Insurance Trade Practices / Rebating (59A-16-16–18)
    • State Regulation / Unfair Insurance Trade Practices / Boycott, Coercion, or Intimidation (59A- 16-19)
    • State Regulation / Examination of Books and Records (59A-4-3, 4)
    • State Regulation / Insurance Fraud Act (59A-16C-1-16)
    • State Regulation / Consumer Information Privacy (59A-2-9.3; Reg 13.1.3.1-.28)
  • Federal Laws and Regulations (2%)
    • Fair Credit Reporting Act
    • 18 United States Code (USC) Sections 1033 and 1034 - Purpose
  • General Insurance Concepts (14%)
    • Risk
    • Risk / Methods of Handling Risk (e.g., Avoidance, Retention, Sharing, Reduction, Transfer)
    • Risk / Elements of Insurable Risks
    • Risk / Definitions (e.g., Risk, Hazard, Peril, Loss)
    • Classifications of Insurers
    • Classifications of Insurers / Mutual, Stock
    • Classifications of Insurers / Admitted, Non-Admitted
    • Classifications of Insurers / Foreign, Domestic, Alien
    • Elements of a Contract
    • Elements of a Contract / Consideration
    • Elements of a Contract / Competent Parties
    • Elements of a Contract / Legal Purpose
    • Elements of a Contract / Offer
    • Elements of a Contract / Acceptance
    • Authority and Powers of Producers - Definitions
    • Authority and Powers of Producers - Definitions / Express
    • Authority and Powers of Producers - Definitions / Implied
    • Authority and Powers of Producers - Definitions / Apparent
    • Authority and Powers of Producers - Definitions / The Law of Agency
    • Legal Interpretations Affecting Contracts
    • Legal Interpretations Affecting Contracts / Reasonable Expectations
    • Legal Interpretations Affecting Contracts / Indemnity
    • Legal Interpretations Affecting Contracts / Good Faith
    • Legal Interpretations Affecting Contracts / Fraud
    • Legal Interpretations Affecting Contracts / Warranties, Representations, Misrepresentations, and Concealment
  • Casualty Insurance Basics (28%)
    • Damages
    • Damages / Compensatory versus Punitive
    • Damages / General versus Special
    • Liability
    • Liability / Absolute
    • Liability / Strict
    • Liability / Vicarious
    • Underwriting (Purpose, Process, Results)
    • Types of Hazards
    • Types of Hazards / Moral
    • Types of Hazards / Morale
    • Types of Hazards / Physical
    • Negligence
    • Negligence / Torts
    • Negligence / Elements of a Negligent Act
    • Negligence / Defense Against Negligence
    • Accident versus Occurrence
    • Policy Structure
    • Policy Structure / Declarations
    • Policy Structure / Definitions
    • Policy Structure / Insuring Agreement
    • Policy Structure / Additional/Supplementary Coverage
    • Policy Structure / Conditions
    • Policy Structure / Exclusions
    • Policy Structure / Endorsements
    • Policy Clauses
    • Policy Clauses / Insureds
    • Policy Clauses / Policy Period
    • Policy Clauses / Policy Territory
    • Policy Clauses / Cancellation and Non-Renewal
    • Policy Clauses / Deductibles/Self-Insured Retention
    • Policy Clauses / Other Insurance
    • Policy Clauses / Other Insurance / Nonconcurrency
    • Policy Clauses / Other Insurance / Primary and Excess
    • Policy Clauses / Other Insurance / Pro Rata
    • Policy Clauses / Other Insurance / Contribution by Equal Shares
    • Limits of Liability
    • Limits of Liability / Per Accident
    • Limits of Liability / Per Occurrence
    • Limits of Liability / Per Person
    • Limits of Liability / Aggregate
    • Limits of Liability / Split limits
    • Limits of Liability / Combined Single Limit
    • Named Insured Provisions
    • Named Insured Provisions / First Named Insured versus Other Insureds
    • Named Insured Provisions / Duties After Loss
    • Named Insured Provisions / Assignment
    • Named Insured Provisions / Waiver of Rights
    • Insurer Provisions
    • Insurer Provisions / Liberalization
    • Insurer Provisions / Subrogation
    • Insurer Provisions / Claim Settlement Options
    • Insurer Provisions / Duty to Defend
    • Insurer Provisions / Arbitration
  • Personal Automobile Policy (15%)
    • Definitions
    • Liability Coverage
    • Liability Coverage / Bodily Injury and Property Damage
    • Liability Coverage / Supplementary Payments
    • Liability Coverage / Exclusions
    • Liability Coverage / Liability Extension to Towed Vehicle
    • Medical Payments Coverage
    • Uninsured and Underinsured Motorists Coverage
    • Uninsured and Underinsured Motorists Coverage / Definitions
    • Uninsured and Underinsured Motorists Coverage / Bodily Injury
    • Uninsured and Underinsured Motorists Coverage / UM and UIM Rejection
    • Coverage for Damage to your Automobile
    • Coverage for Damage to your Automobile / Collision
    • Coverage for Damage to your Automobile / Other than Collision (Comprehensive)
    • Coverage for Damage to your Automobile / Deductibles
    • Coverage for Damage to your Automobile / Exclusions
    • Duties after an Accident or Loss
    • General Provisions
    • Endorsements
    • Endorsements / Towing and Labor Costs
    • Endorsements / Extended Non-Owned Coverage - Vehicles Furnished or Available for Regular Use
    • Endorsements / Joint Ownership Coverage
    • Endorsements / Rental Vehicle Coverage
  • Commercial Automobile Policy (8%)
    • Commercial Automobile Coverage Forms
    • Covered Automobiles
    • Covered Automobiles / Hired Automobiles
    • Covered Automobiles / Non-owned Automobiles
    • Liability
    • Physical Damage
    • Exclusions
    • Conditions
    • Definitions
    • Selected Endorsements
    • Selected Endorsements / Lessor - Additional Insured and Loss Payee
    • Selected Endorsements / Mobile Equipment
  • Commercial General Liability (12%)
    • Commercial Policy Components
    • Commercial Policy Components / Declarations
    • Commercial Policy Components / Conditions
    • Commercial Policy Components / Interline Endorsements
    • Commercial General Liability Coverages
    • Commercial General Liability Coverages / Bodily Injury and Property Damage
    • Commercial General Liability Coverages / Personal and Advertising Injury
    • Commercial General Liability Coverages / Medical Payments
    • Commercial General Liability Coverages / Conditions
    • Commercial General Liability Coverages / Definitions
    • Commercial General Liability Coverages / Exclusions
    • Occurrence versus Claims-made
    • Occurrence versus Claims-made / Trigger
    • Occurrence versus Claims-made / Retroactive Date
    • Commercial General Liability Exposures
    • Commercial General Liability Exposures / Premises and Operations
    • Commercial General Liability Exposures / Products and Completed Operations
    • Commercial General Liability Exposures / Contractual Liability
  • Other Types of Casualty Insurance (8%)
    • Specialty Liability Insurance
    • Specialty Liability Insurance / Directors and Officers
    • Specialty Liability Insurance / Professional and Errors and Omissions
    • Specialty Liability Insurance / Employment Practices
    • Specialty Liability Insurance / Employee Benefits
    • Specialty Liability Insurance / Cyber Liability and Network Protection
    • Personal Umbrella, Commercial Umbrella, and Excess Policies
    • Personal Umbrella, Commercial Umbrella, and Excess Policies / Underlying Limits
    • Personal Umbrella, Commercial Umbrella, and Excess Policies / Self-Insured Retention
    • Surety Contracts
    • Surety Contracts / Differences between Surety and Insurance
    • Surety Contracts / Obligation of the Surety
    • Surety Contracts / Parties to the Surety Bond
    • Surety Contracts / Parties to the Surety Bond / Principal
    • Surety Contracts / Parties to the Surety Bond / Obligee
    • Surety Contracts / Parties to the Surety Bond / Surety
  • Workers' Compensation Laws (3%)
    • Workers' Compensation Coverages and Benefits
    • Rating and Job Classification
    • Workers' Compensation Definitions
    • Workers' Compensation Definitions / Occupational Accident versus Occupational Disease and Illness
    • Workers' Compensation Definitions / Levels of Disability
    • Federal Laws
Examination sources