OpenExamsFREE PRACTICE — ANY EXAM

Casualty Agent — Information & Free Practice

US-NC · Examination information

79 free questions · Answer explanations · No signup required

Start free practice →

Casualty Agent

Examination outline
  • I. TERMS AND CONCEPTS
    • A. Risk
    • B. Hazard
    • C. Peril
    • D. Economic Loss
    • E. Indemnity
    • F. Deductible
    • G. Misrepresentation, breach of warranty, concealment
    • H. Negligence, liability, and supplementary payments
    • I. Bodily injury, property damage, personal injury
    • J. Accident/Occurrence
    • K. Deposit premium/audit
    • L. Liability limits: single, split, aggregate
    • M. Certificate of insurance
    • N. Binder
    • O. Endorsement
    • P. Liberalization clause
    • Q. First named insured
    • R. Monoline vs. package policies
    • S. Major classes of policy provisions
    • S. Major classes of policy provisions / 1. Declarations
    • S. Major classes of policy provisions / 2. Definitions
    • S. Major classes of policy provisions / 3. Insuring agreements
    • S. Major classes of policy provisions / 4. Exclusions/Waiver
    • S. Major classes of policy provisions / 5. Conditions
    • T. Insurance
    • U. Application
    • V. Subrogation
    • W. Adhesion
    • X. Unilateral
    • Y. Consent to Rate
  • II. PERSONAL INSURANCE COVERAGES
    • A. Personal Auto Policy (North Carolina Rate Bureau Form)
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 1. General nature and eligibility
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions / a. Named insured
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions / b. An insured
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions / c. Covered automobile
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions / c. Covered automobile / (1) Non-owned
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 2. Definitions / c. Covered automobile / (2) Temporary substitute
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.)
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / a. Liability
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / b. Medical payments
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / c. Uninsured motorists/underinsured motorists
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / d. Damage to your auto (physical damage)
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / e. Insured’s duties
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / f. General provisions
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / g. Cancelation provision
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / g. Cancelation provision / 1) Pro rata
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 3. Standard coverages, parts A through D (The candidate should have knowledge of the insuring agreement, exclusions and other items of the coverage listed below.) / g. Cancelation provision / 2) Short rate
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 4. Other coverages available
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 4. Other coverages available / a. Towing and labor Ref: NC 03 03
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 4. Other coverages available / b. Extended transportation expenses Ref: NC 03 02
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 4. Other coverages available / c. Extended non-owned coverage Ref: NC 03 06
    • A. Personal Auto Policy (North Carolina Rate Bureau Form) / 4. Other coverages available / d. Coverage for Damage to Your Auto Ref: NC 03 15
    • B. Personal umbrella liability
    • B. Personal umbrella liability / 1. General nature
    • B. Personal umbrella liability / 2. Underlying coverages
    • B. Personal umbrella liability / 3. Self-Insured retention
    • C. Watercraft/yacht
    • C. Watercraft/yacht / 1. Liability (protection and indemnity) coverage
    • C. Watercraft/yacht / 2. Hull coverage
  • III. COMMERCIAL INSURANCE COVERAGES
    • A. General liability insurance
    • A. General liability insurance / 1. Basic hazards
    • A. General liability insurance / 1. Basic hazards / a. Premises and operations
    • A. General liability insurance / 1. Basic hazards / b. Products and completed operations
    • A. General liability insurance / 2. Commercial general liability forms
    • A. General liability insurance / 2. Commercial general liability forms / a. Common policy conditions
    • A. General liability insurance / 2. Commercial general liability forms / b. Coverage A: bodily injury and property damage liability
    • A. General liability insurance / 2. Commercial general liability forms / b. Coverage A: bodily injury and property damage liability / (1) Occurrence
    • A. General liability insurance / 2. Commercial general liability forms / b. Coverage A: bodily injury and property damage liability / (2) Claims made
    • A. General liability insurance / 2. Commercial general liability forms / c. Coverage B: personal injury and advertising injury
    • A. General liability insurance / 2. Commercial general liability forms / d. Coverage C: medical payments
    • A. General liability insurance / 2. Commercial general liability forms / e. Supplementary payments
    • A. General liability insurance / 2. Commercial general liability forms / f. Who is an insured?
    • A. General liability insurance / 2. Commercial general liability forms / g. Limits
    • A. General liability insurance / 2. Commercial general liability forms / h. Definitions
    • B. Commercial automobile insurance
    • B. Commercial automobile insurance / 1. Business auto coverage form
    • B. Commercial automobile insurance / 1. Business auto coverage form / a. Types of autos
    • B. Commercial automobile insurance / 1. Business auto coverage form / a. Types of autos / (1) Owned
    • B. Commercial automobile insurance / 1. Business auto coverage form / a. Types of autos / (2) Hired
    • B. Commercial automobile insurance / 1. Business auto coverage form / a. Types of autos / (3) Non-owned
    • B. Commercial automobile insurance / 1. Business auto coverage form / b. Standard coverages
    • B. Commercial automobile insurance / 1. Business auto coverage form / b. Standard coverages / (1) Liability
    • B. Commercial automobile insurance / 1. Business auto coverage form / b. Standard coverages / (2) Physical damage
    • B. Commercial automobile insurance / 1. Business auto coverage form / b. Standard coverages / (3) Medical payments
    • B. Commercial automobile insurance / 1. Business auto coverage form / b. Standard coverages / (4) Uninsured motorists/underinsured motorists
    • B. Commercial automobile insurance / 2. Garage liability coverage form and garage- keepers insurance (The candidate needs to understand to general needs of Garage liability.)
    • C. Workers’ Compensation and Employers Liability insurance
    • C. Workers’ Compensation and Employers Liability insurance / 1. Basic coverages provided
    • C. Workers’ Compensation and Employers Liability insurance / 1. Basic coverages provided / a. Insuring agreements
    • C. Workers’ Compensation and Employers Liability insurance / 1. Basic coverages provided / b. Limitations and exclusions
    • C. Workers’ Compensation and Employers Liability insurance / 2. Other states insurance
    • C. Workers’ Compensation and Employers Liability insurance / 3. Insured’s duties if injury occurs
    • C. Workers’ Compensation and Employers Liability insurance / 4. Premium determination
    • C. Workers’ Compensation and Employers Liability insurance / 4. Assigned risk plan
    • C. Workers’ Compensation and Employers Liability insurance / 5. Definitions-Disabilities
    • C. Workers’ Compensation and Employers Liability insurance / 5. Definitions-Disabilities / a. total permanent
    • C. Workers’ Compensation and Employers Liability insurance / 5. Definitions-Disabilities / b. temporary total
    • C. Workers’ Compensation and Employers Liability insurance / 5. Definitions-Disabilities / c. temporary partial
    • C. Workers’ Compensation and Employers Liability insurance / 5. Definitions-Disabilities / d. permanent partial
    • D. Other coverages
    • D. Other coverages / 1. Surety bonds
    • D. Other coverages / 1. Surety bonds / a. Parties to the contract of surety
    • D. Other coverages / 1. Surety bonds / b. Promise of the surety
    • D. Other coverages / 1. Surety bonds / c. Types of surety bonds
    • D. Other coverages / 2. Fidelity Bonds
    • D. Other coverages / 2. Fidelity Bonds / a. Parties
    • D. Other coverages / 2. Fidelity Bonds / b. Types
    • D. Other coverages / 2. Fidelity Bonds / b. Types / (1) Individual Bond
    • D. Other coverages / 2. Fidelity Bonds / b. Types / (2) Name Schedule Bond
    • D. Other coverages / 2. Fidelity Bonds / b. Types / (3) Position Schedule Bond
    • D. Other coverages / 2. Fidelity Bonds / b. Types / (4) Commercial Blanket Bond
    • D. Other coverages / 2. Fidelity Bonds / b. Types / (5) Blanket Position Bond
    • D. Other coverages / 3. Commercial umbrella liability
    • D. Other coverages / 3. Commercial umbrella liability / a. General nature
    • D. Other coverages / 3. Commercial umbrella liability / b. Underlying coverages
    • D. Other coverages / 3. Commercial umbrella liability / c. Self-insured retention
    • E. Crime coverage forms
    • E. Crime coverage forms / 1. Loss Sustained vs. Discovery Form
    • E. Crime coverage forms / 2. Employee Theft
    • E. Crime coverage forms / 3. Forgery or Alteration
    • E. Crime coverage forms / 4. Computer and Funds Transfer Fraud
    • E. Crime coverage forms / 5. Major crime definitions
    • E. Crime coverage forms / 5. Major crime definitions / a. Employee dishonesty
    • E. Crime coverage forms / 5. Major crime definitions / b. Burglary
    • E. Crime coverage forms / 5. Major crime definitions / c. Safe Burglary
    • E. Crime coverage forms / 5. Major crime definitions / d. Robbery
    • E. Crime coverage forms / 5. Major crime definitions / e. Theft
    • F. Package policies
    • F. Package policies / 1. Commercial package policy
    • F. Package policies / 1. Commercial package policy / a. General nature
    • F. Package policies / 1. Commercial package policy / b. Eligibility for package modification
    • F. Package policies / 2. Businessowner’s policy
    • F. Package policies / 2. Businessowner’s policy / a. General nature
    • F. Package policies / 2. Businessowner’s policy / b. Standard and special coverage forms
    • F. Package policies / 2. Businessowner’s policy / c. Optional section I coverages
    • F. Package policies / 2. Businessowner’s policy / d. Liability coverage
  • IV. NORTH CAROLINA STATUTES AND REGULATIONS PERTINENT TO CASUALTY INSURANCE
    • A. Contract of Insurance Ref: Article 1 (G.S. 58-1-10)
    • B. Commissioner of Insurance Ref: Article 2 (G.S. 58-2-5, 40, 50, 60, 65, 69, 70, 75, 155, 160, 161, 162, 163, 180, 185, 195, 200); 11 NCAC, Chapter 19, Section .0103
    • C. General Regulations for Insurance Ref: Article 3 (G.S. 58-3-10, 25, 30, 40, 115, 120, 130, 145)
    • D. Licensing of Agents, Limited Representatives and Adjusters Ref: Article 33 (G.S. 58-33-1, 5, 10, 15, 17, 20, 26, 30, 31, 32, 40, 46, 50, 56, 60, 66, 75, 80, 82, 83, 85, 90, 95, 100, 105, 110, 120, 125, 130, 132, 135); 11 NCAC, Chapter 4, Section .0423
    • E. Insurance Information & Privacy Protection Act Ref: Article 39 (G.S. 58-39-5 through 58-39-120)
    • F. Unauthorized Insurers Ref: Article 28
    • G. Unfair Trade Practices Ref: Article 63 (G.S. 58-63-15, 20, 50)
    • H. False Pretenses and Cheats Ref: Article 19 (G.S. 14-100)
    • I. Continuing Education Ref: 11NCAC, Chapter 6A, Section .0800
    • J. North Carolina Rate Bureau Ref: Article 36 (G.S. 58-36-1, 15, 20, 25, 30, 45, 55, 65, 75)
    • K. North Carolina Motor Vehicle Reinsurance Facility Ref: Article 37 (G.S. 58-37-1,5, 25, 30, 35, 50, 55, 60)
    • L. Post Assessment Insurance Guaranty Association Ref: Article 48 (G.S. 58-48-5, 10, 25, 35)
    • M. Motor Vehicle Liability Policy Defined Ref: (G.S. 20-279.21); 11 NCAC, Chap. 4, Section .0415
    • N. Cancellation or Nonrenewal of Motor Vehicle Policy Ref: (G.S. 20-310)
    • O. Workers’ Compensation Law Ref: Condensed from Chapter 97, General Statutes of North Carolina and produced as a bulletin titled “Information about the North Carolina Workers’ Compensation Act,” published annually by the North Carolina Industrial Commission.
    • P. Consumer Division Ref: II NCAC, Chapter 4, Subsections .0120, .0121, .0122, .0415, .0423, .0429
Examination sources

Related license preparation

This examination may be required or accepted as an alternative, depending on the license and application pathway.