SERIES NORTH DAKOTA CROP INSURANCE EXAM COMPLETE QUESTIONS AND CORRECT ANSWERS | GRADED AND THE LATEST SERIES

2025-2026 SERIES
NORTH DAKOTA CROP INSURANCE EXAM
COMPLETE QUESTIONS AND CORRECT ANSWERS |
GRADED AND THE LATEST SERIES
Actual Cash Value


Ans: The cost to replace an item of property at the time of loss, less an
allowance for depreciation.


Question: 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.


Ans: Binder


Question: Replacement Cost minus Depreciation


Ans: Actual Cash Value (ACV)


Question: A condition that creates or increases the probability of a loss


Ans: Haardzz


Question: Hazards that increase the possibility of a loss such as flammable

substances

, 2025-2026 SERIES
Ans: Physical Hazards


Question: Dishonesty, Lack of Integrity


Ans: Moral Hazards


Question: Careless attitude, indifference, failure to care


Ans: Morale Hazards


Question: The cause of possible loss. the event insured against


Ans: Peril


Question: A loss that occurs at a specific time and place or over a period of

time. such as fire or hail storm.


Ans: Occurrence


Question: The lack of reasonable care that is required to protect other from the

unreasonable chance of harm.


Ans: Negligence


Question: 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

, 2025-2026 SERIES
Ans: Limits of Liability


Question: Assignment of interest


Ans: You may not assign your interest in this policy without our written consent


Question: 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.


Ans: Assignment of Indemnity


Question: Final Planting Date FPD


Ans: last day to plant unless insured for late planting


Question: Last day to apply for coverage


Ans: Sales Closing Date SCD


Question: The last day to report the acreage planted. if not reported, insurance

will not be in effect


Ans: Acreage Reporting Date ARD


Question: Last day to pay the premium with out being charged interest


Ans: Payment Due Date