IOWA CASUALTY PRACTICE EXAM QUESTIONS (WEBCE) QUESTIONS WITH COMPLETE SOLUTIONS

How much advance notice must insurance company give its policyholder if it does not intend to renew a personal auto policy At least 10 days 20 business days At least 15 days At least 20 days 1 of 99 Term Larry, Brian, Susan, and Jennifer just started working for AllPro Insurance Company in Texas. Based on their job descriptions below, which of them is NOT an agent? writing insurance law Apply for a new license Brian who is VP in AllPRos human resources department and does not receive commissions The policy doe snot cover bailees 2 of 99 Term The Insurance commissioner cannot suspend or revoke an insurers certificate of authority for which of the following reasons? failing to meet projected profits unfair and prohibited business practices does not clean up cover cleanup costs reasonable expectations 3 of 99 EXAM Term Because Cassie's apartment is on the ground floor , she realizes it would be easy for a thief to enter her apartment through an open window, so she keeps her windows closed and locked at all times . What risk management technique did Cassie use? Risk Assumption Risk Transfer Risk Reduction Risk Prevention