1 Exam (elaborations) Chapter 1 Property and Casualty Insurance - Pennsylvania with complete solution 2 Exam (elaborations) PA Property & Casualty License Practice Exam question n answers 2024 3 Exam (elaborations) Pa property and casualty exam practice fully solved 2024 4 Exam (elaborations) PA...
[Show more]
Unit 21: Pennsylvania Laws and Regulations Common to Property and Casualty InsuranceC) Both of these - correct answer Which of the following could be paid an insurance commission or fee? A) Neither of these B) Lenny, a retired insurance producer who no longer maintains a license but whose book of ...
Preview 3 out of 29 pages
Add to cartUnit 21: Pennsylvania Laws and Regulations Common to Property and Casualty InsuranceC) Both of these - correct answer Which of the following could be paid an insurance commission or fee? A) Neither of these B) Lenny, a retired insurance producer who no longer maintains a license but whose book of ...
Surplus lines insuranceSurplus Lines - correct answer Insurance for which there is no readily available, from the standard insurance carrier Admitted Insurers - correct answer 1. Is standard insurance carrier is one that is licensed by the state to sell specific lines of insurance in that state ...
Preview 1 out of 1 pages
Add to cartSurplus lines insuranceSurplus Lines - correct answer Insurance for which there is no readily available, from the standard insurance carrier Admitted Insurers - correct answer 1. Is standard insurance carrier is one that is licensed by the state to sell specific lines of insurance in that state ...
PSI PA Property and Casualty Exam GuideBroker - correct answer According to the insurance law, who is the principal? 90 days - correct answer An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? ...
Preview 3 out of 24 pages
Add to cartPSI PA Property and Casualty Exam GuideBroker - correct answer According to the insurance law, who is the principal? 90 days - correct answer An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? ...
Property and Casualty, Chapter 2, Property and Casualty Insurance BasicsThe ABC corporation has $100,000 coverage on its building through insurance Company A, and $50,000 of identical coverage on the same building through insurance Company B. Assuming coinsurance is not an issue, when a $24,000 loss...
Preview 1 out of 2 pages
Add to cartProperty and Casualty, Chapter 2, Property and Casualty Insurance BasicsThe ABC corporation has $100,000 coverage on its building through insurance Company A, and $50,000 of identical coverage on the same building through insurance Company B. Assuming coinsurance is not an issue, when a $24,000 loss...
Property and Casualty PA Quiz Questions All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and ...
Preview 4 out of 64 pages
Add to cartProperty and Casualty PA Quiz Questions All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and ...
Property and casualty insurance Exam Questions and Answers Part oneWhich of the following are the authorities that an agent can hold? - correct answer Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - correct answer Permanen...
Preview 3 out of 26 pages
Add to cartProperty and casualty insurance Exam Questions and Answers Part oneWhich of the following are the authorities that an agent can hold? - correct answer Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - correct answer Permanen...
Property and Casualty Exam Prep - Multiple ChoiceInsurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the following coverages EXCEPT: A) injuries incurred on the job. B) accidental death benefit. C) funeral benefit. D) income loss benefit. - correct ans...
Preview 2 out of 8 pages
Add to cartProperty and Casualty Exam Prep - Multiple ChoiceInsurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the following coverages EXCEPT: A) injuries incurred on the job. B) accidental death benefit. C) funeral benefit. D) income loss benefit. - correct ans...
Property & Casualty - PA - Insurance RegulationPurpose of insurance regulation. - correct answer Assure the public is treated fairly and equitably. Requirements to be licensed. - correct answer Pre-licensing requirements, pass the exam, pay application fee Producer's license. - correct answer...
Preview 2 out of 5 pages
Add to cartProperty & Casualty - PA - Insurance RegulationPurpose of insurance regulation. - correct answer Assure the public is treated fairly and equitably. Requirements to be licensed. - correct answer Pre-licensing requirements, pass the exam, pay application fee Producer's license. - correct answer...
Property & Casualty - PA - Basics Property Insurance - correct answer 2 party contract. Casualty Insurance - correct answer 3rd party contract. Liability. Insurable Interest - correct answer Financial someone has in someone or something. Required for coverage. Must exist AT THE TIME OF LOSS. ...
Preview 2 out of 6 pages
Add to cartProperty & Casualty - PA - Basics Property Insurance - correct answer 2 party contract. Casualty Insurance - correct answer 3rd party contract. Liability. Insurable Interest - correct answer Financial someone has in someone or something. Required for coverage. Must exist AT THE TIME OF LOSS. ...
Pennsylvania property and casualtyA policy covering commercial risks is subject to midterm cancellation for non-payment of premium upon how many days' written notice? - correct answer 15 days the waiting period for payment of workers compensation benefits is - correct answer 7 days. the retroact...
Preview 2 out of 9 pages
Add to cartPennsylvania property and casualtyA policy covering commercial risks is subject to midterm cancellation for non-payment of premium upon how many days' written notice? - correct answer 15 days the waiting period for payment of workers compensation benefits is - correct answer 7 days. the retroact...
Pennsylvania Property and CasualtyLoss control Refers to actions taken and strategies implemented to reduce the frequency or severity of a loss. Insurance companies commonly incentivize their customers to implement loss contras by offering discounts that reduce insurance premiums -insurers make ...
Preview 4 out of 108 pages
Add to cartPennsylvania Property and CasualtyLoss control Refers to actions taken and strategies implemented to reduce the frequency or severity of a loss. Insurance companies commonly incentivize their customers to implement loss contras by offering discounts that reduce insurance premiums -insurers make ...
Pennsylvania Property and Casualty Wrong Questions Which of the following is not a goal of risk retention? A. To minimize the insureds level of liability in the even of loss B. To reduce expenses and Improve cash flow C. To increase control of claim reserving and claims settlements D. To fu...
Preview 1 out of 2 pages
Add to cartPennsylvania Property and Casualty Wrong Questions Which of the following is not a goal of risk retention? A. To minimize the insureds level of liability in the even of loss B. To reduce expenses and Improve cash flow C. To increase control of claim reserving and claims settlements D. To fu...
Pennsylvania Property and Casualty LicensingLaw of Large Numbers - correct answer Recognizes that as the number of exposure units increases, the more likely it is to predict accurately the expected outcome. What must an insurance producer do to apply for a nonresident license in Pennsylvania? - c...
Preview 4 out of 35 pages
Add to cartPennsylvania Property and Casualty LicensingLaw of Large Numbers - correct answer Recognizes that as the number of exposure units increases, the more likely it is to predict accurately the expected outcome. What must an insurance producer do to apply for a nonresident license in Pennsylvania? - c...
Pennsylvania Property and Casualty Law SupplementAgents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the followin...
Preview 2 out of 14 pages
Add to cartPennsylvania Property and Casualty Law SupplementAgents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the followin...
Pennsylvania Property and Casualty Law SupplementAgents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the followin...
Preview 2 out of 14 pages
Add to cartPennsylvania Property and Casualty Law SupplementAgents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the followin...
Pennsylvania Property and Casualty Insurance ExaminationAccording tot he fair credit reporting act, all of the following would be considered negative information except - correct answer Disputes regarding consumer report information Which of the following does a produce not have the authority to ...
Preview 2 out of 9 pages
Add to cartPennsylvania Property and Casualty Insurance ExaminationAccording tot he fair credit reporting act, all of the following would be considered negative information except - correct answer Disputes regarding consumer report information Which of the following does a produce not have the authority to ...
Pennsylvania Property and Casualty (Applicable to All Lines of Insurance) Licensing Process 1. 24 credit hours 3. 3 of the 24 hours must be in ethics Licensing exam and relicensing education exemption 1. Business entities 2. Nonresident producers 3. Professional designators -CLU-Life...
Preview 3 out of 23 pages
Add to cartPennsylvania Property and Casualty (Applicable to All Lines of Insurance) Licensing Process 1. 24 credit hours 3. 3 of the 24 hours must be in ethics Licensing exam and relicensing education exemption 1. Business entities 2. Nonresident producers 3. Professional designators -CLU-Life...
Pennsylvania Property & CasualtyPolicy Conditions - correct answer How parties to the contract must act following a loss Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) Vacant...
Preview 3 out of 21 pages
Add to cartPennsylvania Property & CasualtyPolicy Conditions - correct answer How parties to the contract must act following a loss Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) Vacant...
Pennsylvania Laws and Regulations Applicable to Property and Casualty InsuranceInsurance Guaranty Association - correct answer Pennsylvania Property and Casualty Insurance Guaranty Association - Every property and casualty insurer must participate as a condition of authority to write P&C policies i...
Preview 1 out of 4 pages
Add to cartPennsylvania Laws and Regulations Applicable to Property and Casualty InsuranceInsurance Guaranty Association - correct answer Pennsylvania Property and Casualty Insurance Guaranty Association - Every property and casualty insurer must participate as a condition of authority to write P&C policies i...
Pennsylvania Laws and Regulations (Applicable to Property Insurance Only)Rate Regulation - correct answer -Insurance rates must not be excessive, inadequate, or unfairly discriminatory -Insurers must file every manual, minimum, class rate, rating schedule or rating plan with Commissioner (Filing m...
Preview 1 out of 4 pages
Add to cartPennsylvania Laws and Regulations (Applicable to Property Insurance Only)Rate Regulation - correct answer -Insurance rates must not be excessive, inadequate, or unfairly discriminatory -Insurers must file every manual, minimum, class rate, rating schedule or rating plan with Commissioner (Filing m...
Pennsylvania 2019 Insurance license ExamInsurance - correct answer Is a contract in which one party (the insurance Company) agrees to indemnify (make whole) the insures party against loss, damage or liability arising from an unknown event. Risk - correct answer Is the uncertainty or chance of a l...
Preview 1 out of 4 pages
Add to cartPennsylvania 2019 Insurance license ExamInsurance - correct answer Is a contract in which one party (the insurance Company) agrees to indemnify (make whole) the insures party against loss, damage or liability arising from an unknown event. Risk - correct answer Is the uncertainty or chance of a l...
Pennsylvania Property and Casualty Comprehensive TestA person wanting to insure a single shipment would use: - correct answer A Trip Transit Form Which statement about the Umbrella Liability Policy is false? - correct answer The standard deductible on an umbrella policy is $100,000 Which of th...
Preview 4 out of 31 pages
Add to cartPennsylvania Property and Casualty Comprehensive TestA person wanting to insure a single shipment would use: - correct answer A Trip Transit Form Which statement about the Umbrella Liability Policy is false? - correct answer The standard deductible on an umbrella policy is $100,000 Which of th...
PA Property and Casualty Casualty or Liability - correct answer refers to your legal responsibility to pay for damage that you do to the "other guy's" body or property. Personal lines insurance - correct answer written to cover the risk exposures of an individual or family (auto, home, boat, ...
Preview 4 out of 34 pages
Add to cartPA Property and Casualty Casualty or Liability - correct answer refers to your legal responsibility to pay for damage that you do to the "other guy's" body or property. Personal lines insurance - correct answer written to cover the risk exposures of an individual or family (auto, home, boat, ...
PA Property and CasualtyWhat is the purpose of licensing? - correct answer Reinforces the purpose of insurance regulation - that the public is treated fairly and equitably by those who sell and distribute insurance. Licensing prerequisites - correct answer 24 credit hours of study in approved cou...
Preview 4 out of 32 pages
Add to cartPA Property and CasualtyWhat is the purpose of licensing? - correct answer Reinforces the purpose of insurance regulation - that the public is treated fairly and equitably by those who sell and distribute insurance. Licensing prerequisites - correct answer 24 credit hours of study in approved cou...
PA property and casualty test prepIn a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or u...
Preview 3 out of 18 pages
Add to cartPA property and casualty test prepIn a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or u...
PA property and casualty insurance examProperty -correct answer you can possess/ physically touch BI -correct answer bodily injury PD -correct answer Property damage Liability/casualty -correct answer what you pay the other guy personal lines insurance -correct answer cover needs of indi...
Preview 2 out of 9 pages
Add to cartPA property and casualty insurance examProperty -correct answer you can possess/ physically touch BI -correct answer bodily injury PD -correct answer Property damage Liability/casualty -correct answer what you pay the other guy personal lines insurance -correct answer cover needs of indi...
PA Property and Casualty Insurance - BondsBid Bonds - correct answer When construction projects are awarded based on the lowest bid. Promises that if the contractor is awarded the contract, the contractor will actually accept the contract, and a performance bond will be issued Completion Bonds - ...
Preview 1 out of 2 pages
Add to cartPA Property and Casualty Insurance - BondsBid Bonds - correct answer When construction projects are awarded based on the lowest bid. Promises that if the contractor is awarded the contract, the contractor will actually accept the contract, and a performance bond will be issued Completion Bonds - ...
Pa property and casualty exam practiceExecuting the insurance laws of pA is whose responsibility? - correct answer Department of insurance In PA financial responsibility requires the ability of the insured to pay how much damage to the property of others from any single accident? - correct answer...
Preview 1 out of 2 pages
Add to cartPa property and casualty exam practiceExecuting the insurance laws of pA is whose responsibility? - correct answer Department of insurance In PA financial responsibility requires the ability of the insured to pay how much damage to the property of others from any single accident? - correct answer...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
No, you only buy these notes for $51.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
