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SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024$28.99
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SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
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SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
Institution
SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED)
LATEST EDITION 2024
SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE
EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED)
LATEST EDITION 2024
A premium discount is the term that describes when an insured owes a total
standard premium greater than? - ANSWER-5,000
According to SC law, comprehensive deductibles do not apply to - ANSWER-
safety glass
Who is an insurance producer? - ANSWER-Any person licensed to sell, solicit or
negotiate insurance
Employee fidelity may be written in all the following ways EXCEPT - ANSWER-
Location schedule
Section 1 of boatowners policy covers - ANSWER-Physical Damage
Which type of losses are covered by the South Carolina Wind and Hail
Underwriting Association? - ANSWER-Both Direct and Indirect losses
,The process an insurer uses to evaluate applications and determine if a policy
should be issued and on what terms, conditions, and rate is known as? -
ANSWER-Underwriting
The Director is conducting an examination of a foreign company transacting
business in South Carolina. Who is responsible for the cost of the examination?
- ANSWER-Foreign company
Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He
is injured by Driver B who has Part A: Bodily Injury Liability Limits of 50/100. It
is determined that Driver B is at fault for the accident . Driver A has $125,000 in
medical expenses. How much will Part C: UM/UIM coverage will pay? -
ANSWER-50,000
Before granting a Certificate of Authority to a company, the Director must be
satisfied by proper evidence that all of the following are true EXCEPT -
ANSWER-The insurer does not have a Certificate of Authority in any other state
Erroneous Publishing copied all the material from Angels Inc.'s book. The only
changes made by Erroneous were to rename the title and chapters, put a
different cover on it, and distribute it as its own. Angels Inc. files a claim against
Erroneous and seeks damages. Will a commercial general liability policy cover
the claim? - ANSWER-No, because the claim results from copyright
infringement and is not in an advertisement
When the insured's car was totaled in a recent accident, the ownership of the
car was transferred to the insurer. The insurer then sold off the wrecked car to
recover some of the loss it paid to the insured. What is the term for this action?
- ANSWER-Salvage
, The reduction, decrease, or disappearance of value of the person or property
insured in a policy by a peril insured against is known as - ANSWER-loss
A plasterer has finished a job. What kind of liability coverage would protect him
if the plaster falls and hurts someone because he did not do the job correctly? -
ANSWER-Completed operations
Which employee fidelity bond pays no more than its limit of liability for each
separate occurrence no matter that several separately identifiable employees
were involved in a single loss? - ANSWER-commercial blanket position
If an employee consumes alcohol, becomes intoxicated, and is injured at work,
he/she is __________. - ANSWER-Not covered if the consumption of alcohol is
proven to have caused the injury
Under Coverage C of a farm policy, what is the limit payable on business
property located away from the premises? - ANSWER-$500
Within how many days of requesting an investigative consumer report must an
insurer notify the consumer in writing that the report will be obtained? -
ANSWER-5 days
What is the purpose of the government crime coverage form? - ANSWER-To
provide crime coverage to those who do not qualify in the normal market
Which of the following insurance options would be considered a risk-sharing
arrangement? - ANSWER-Reciprocal
According to the loss payment condition in HO policies, losses must be paid
within how many days of the insurer receiving proof of loss? - ANSWER-60 days
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