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NORTH DAKOTA CROP INSURANCE
EXAM 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
Actual Cash Value - correct answer -The cost to replace an item
of property at the time of loss, less an allowance for depreciation.
Is a temporary insurance contract that provides proof of coverage
until permanent police is in place.
In the crop-hail field, the application serves as a binder. When
properly completed, dated, signed and accompanied by the
premium or a promissory note, the application serves as a binder.
- correct answer -Binder
Replacement Cost minus Depreciation - correct answer -Actual
Cash Value (ACV)
A condition that creates or increases the probability of a loss -
correct answer -Hazzard
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Hazards that increase the possibility of a loss such as flammable
substances - correct answer -Physical Hazards
Dishonesty, Lack of Integrity - correct answer -Moral Hazards
Careless attitude, indifference, failure to care - correct answer -
Morale Hazards
The cause of possible loss. the event insured against - correct
answer -Peril
A loss that occurs at a specific time and place or over a period of
time. such as fire or hail storm. - correct answer -Occurrence
The lack of reasonable care that is required to protect other from
the unreasonable chance of harm. - correct answer -Negligence
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The maximum amount of money the insurance company will pay
for a particular loss, or for losses sustained during a period of
time. Also called limit of coverage, limit of insurance and policy
limit - correct answer -Limits of Liability
Assignment of interest - correct answer -You may not assign your
interest in this policy without our written consent
you may assign to another party your right to an indemnity for the
crop year only on our form and with our approval. the assignee
with have the right to submit the loss notices and forms required
by the policy. - correct answer -Assignment of Indemnity
Final Planting Date FPD - correct answer -last day to plant unless
insured for late planting
Last day to apply for coverage - correct answer -Sales Closing
Date SCD
NORTH DAKOTA CROP INSURANCE
EXAM 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
Actual Cash Value - correct answer -The cost to replace an item
of property at the time of loss, less an allowance for depreciation.
Is a temporary insurance contract that provides proof of coverage
until permanent police is in place.
In the crop-hail field, the application serves as a binder. When
properly completed, dated, signed and accompanied by the
premium or a promissory note, the application serves as a binder.
- correct answer -Binder
Replacement Cost minus Depreciation - correct answer -Actual
Cash Value (ACV)
A condition that creates or increases the probability of a loss -
correct answer -Hazzard
, Page | 2
Hazards that increase the possibility of a loss such as flammable
substances - correct answer -Physical Hazards
Dishonesty, Lack of Integrity - correct answer -Moral Hazards
Careless attitude, indifference, failure to care - correct answer -
Morale Hazards
The cause of possible loss. the event insured against - correct
answer -Peril
A loss that occurs at a specific time and place or over a period of
time. such as fire or hail storm. - correct answer -Occurrence
The lack of reasonable care that is required to protect other from
the unreasonable chance of harm. - correct answer -Negligence
, Page | 3
The maximum amount of money the insurance company will pay
for a particular loss, or for losses sustained during a period of
time. Also called limit of coverage, limit of insurance and policy
limit - correct answer -Limits of Liability
Assignment of interest - correct answer -You may not assign your
interest in this policy without our written consent
you may assign to another party your right to an indemnity for the
crop year only on our form and with our approval. the assignee
with have the right to submit the loss notices and forms required
by the policy. - correct answer -Assignment of Indemnity
Final Planting Date FPD - correct answer -last day to plant unless
insured for late planting
Last day to apply for coverage - correct answer -Sales Closing
Date SCD
