Reference · North Carolina

North Carolina Department of Insurance - Types of Insurance for Your Business

Publisher: North Carolina Department of Insurance
Edition: undated page
Last checked: 2026-09-29
Status: Publication of the North Carolina Department of Insurance, a state agency

Edition and licensing notes

Publisher. North Carolina Department of Insurance (ncdoi.gov)

Edition. undated page; retrieved 2026-09-29

Status. Publication of the North Carolina Department of Insurance, a state agency.

Read the official text Practice questions from this source

What this document is

North Carolina Department of Insurance - Types of Insurance for Your Business is a reference published by North Carolina Department of Insurance (ncdoi.gov). It is one of the North Carolina documents that insurance license exam questions are written from, including north carolina property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

N.C. Department of Insurance, Types of Insurance for Your Business (Bonds)
“Unlike an insurance policy, a bond has three parties involved: surety (generally an insurance company), obligee (owner or entity that will benefit in the event of loss), and principal (this is the entity that needs the bond to guarantee his work or performance).”
N.C. Department of Insurance, Types of Insurance for Your Business (Excess and Umbrella)
“These are liability coverages that pick up when the underlying coverage has been exhausted due to a severe claim. They do not provide primary coverage.”
N.C. Department of Insurance, Types of Insurance for Your Business (Inland Marine)
“Inland marine policies are generally used to cover property that is mobile or in transit. It may also be used to insure such items as bridges and radio and TV antennas. Most policies cover physical loss although some may cover business interruption.”

Practice this material

North Carolina Property & Casualty practice test

Questions about this source

North Carolina Department of Insurance - Types of Insurance for Your Business is a reference published by North Carolina Department of Insurance (ncdoi.gov). Edition: undated page; retrieved 2026-09-29.

No. This page summarizes the document and links to the official version. Always rely on the text published by North Carolina Department of Insurance (ncdoi.gov) for the current law.

Practice questions for North Carolina Property & Casualty cite this document.

More North Carolina sources

See all North Carolina sources →