Crop Insurance Quiz Complete Study
Guide 2026/ 2027 with Practice
Questions and Solutions
How old must you be to obtain a Nebraska Insurance License?
A. 21
B. 16
C. 18
D. 17 -CORRECTANSWER C.
How Long Does an Agent have to notify the Director of Insurance of a Change of
Address?
A. 60 Days
B. 90 Days
C. 30 Days
D. 10 Days -CORRECTANSWER C.
How many years of continuing education must you have to maintain Life insurance
license every two years?
A. 12
B. 21
C. 18
D. 3 -CORRECTANSWER B.
,How long do you have to renew an insurance license without taking the test?
A. 15 Days
B. 30 Days
C. 6 months
D. 12 Months -CORRECTANSWER D.
What is the maximum fine per violation of a violation of a Cease and Desist order?
A. $100,000
B. $1,000,000
C. $500,000
D. $1,500.00 -CORRECTANSWER B.
How long would you have to file a written request for a hearing of denial of license?
A. 30 Days
B. 15 Days
C. 1 month
D. 1 year -CORRECTANSWER A.
Which is not an element of a legal contract?
A. Consideration
B. Offer and Acceptance
C. Incompetent Parties
,D. Purpose -CORRECTANSWER C.
Which of the following are concepts of risk management?
A. Risk
B. Exposure
C. Loss
D. All of the Above -CORRECTANSWER D.
Which of the following are concepts of handling Risk?
A. Avoidance
B. Transfer
C. Retention
D . Law of Large Numbers -CORRECTANSWER D.
Adhesion means
A. Taping file to folder
B. To tape the policy together
C. The insured must adhere to all the policy provisions
D. The company must adhere or stick to all of the policy -CORRECTANSWER D.
The best definition of aleatory
A. Affordable
B. Conditional
, C. Funny
D. Unequal Value -CORRECTANSWER D.
What is the best definition of the items that an insured states to get a policy
A. Warranties
B. Guarantees
C. Lies
D. Representation -CORRECTANSWER D.
What act was passed that gave agents fiduciary responsibilities?
A. The Act of 1972
B. ERISIA, Employee Retirement Income Security Act
C. FCIC Act
D. Kay's Rules Act of 2010 -CORRECTANSWER B.
A crop hail policy is made up of the General Provisions, Special Provisions, application,
and
A. Policy Jacket
B. Legal Jargon
C. Rates
D. Estoppel -CORRECTANSWER A.
On a hail policy, what is not a covered peril?
Guide 2026/ 2027 with Practice
Questions and Solutions
How old must you be to obtain a Nebraska Insurance License?
A. 21
B. 16
C. 18
D. 17 -CORRECTANSWER C.
How Long Does an Agent have to notify the Director of Insurance of a Change of
Address?
A. 60 Days
B. 90 Days
C. 30 Days
D. 10 Days -CORRECTANSWER C.
How many years of continuing education must you have to maintain Life insurance
license every two years?
A. 12
B. 21
C. 18
D. 3 -CORRECTANSWER B.
,How long do you have to renew an insurance license without taking the test?
A. 15 Days
B. 30 Days
C. 6 months
D. 12 Months -CORRECTANSWER D.
What is the maximum fine per violation of a violation of a Cease and Desist order?
A. $100,000
B. $1,000,000
C. $500,000
D. $1,500.00 -CORRECTANSWER B.
How long would you have to file a written request for a hearing of denial of license?
A. 30 Days
B. 15 Days
C. 1 month
D. 1 year -CORRECTANSWER A.
Which is not an element of a legal contract?
A. Consideration
B. Offer and Acceptance
C. Incompetent Parties
,D. Purpose -CORRECTANSWER C.
Which of the following are concepts of risk management?
A. Risk
B. Exposure
C. Loss
D. All of the Above -CORRECTANSWER D.
Which of the following are concepts of handling Risk?
A. Avoidance
B. Transfer
C. Retention
D . Law of Large Numbers -CORRECTANSWER D.
Adhesion means
A. Taping file to folder
B. To tape the policy together
C. The insured must adhere to all the policy provisions
D. The company must adhere or stick to all of the policy -CORRECTANSWER D.
The best definition of aleatory
A. Affordable
B. Conditional
, C. Funny
D. Unequal Value -CORRECTANSWER D.
What is the best definition of the items that an insured states to get a policy
A. Warranties
B. Guarantees
C. Lies
D. Representation -CORRECTANSWER D.
What act was passed that gave agents fiduciary responsibilities?
A. The Act of 1972
B. ERISIA, Employee Retirement Income Security Act
C. FCIC Act
D. Kay's Rules Act of 2010 -CORRECTANSWER B.
A crop hail policy is made up of the General Provisions, Special Provisions, application,
and
A. Policy Jacket
B. Legal Jargon
C. Rates
D. Estoppel -CORRECTANSWER A.
On a hail policy, what is not a covered peril?
