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Nj Casualty-Property study guide Questions with Solutions 2024
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Nj Casualty-Property study guide
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Nj Casualty-Property study guideAnd umbrella policy provision that requires the insured to pay a portion of the laws not
covered by underlying insurance is? - answer A self-insured retention
To open a branch office and insurance agency must notify the department of banking
and insurance at which of the following times? - answerA maximum of 30 days after the
branch opens
All of the following would be covered by other than collision (comprehensive) coverage
except...
1 Interior damage from an electrical fire
2 auto body damage caused by rollover
3 interior and exterior flood damage
4 auto body damage from the hail storm - answerAuto body damage caused by rollover
Which of the following statements regarding the McCarran-Ferguson Act is CORRECT?
1 It regulate insurance companies advertising
2 it's exempt insurance from federal regulation
3 it calls for the state and federal governments to cooperate in regulation
4 it clarifies the insurance companies role in policy development and rate setting -
answerIt exempt insurance from federal regulation
The analysis of information pertaining to an applicant that was obtained from various
sources and the determination of whether the insurance should or decline is? -
answerUnderwriting
Concealment is defined as - answerWithholding a material fact
Which of the following statements is correct about the specific statutory personal injury
protection benefits that are provided to the insured injured in an auto accident? -
answerThey are provided regardless of fault
A producer them must maintain client record for a minimum of how many years after a
client coverage is terminated - answer3
Under the Worker's Compensation law and injured employee may be required to submit
an examination by a physician selected by... - answerThe employer
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