Pa property and casualty BUNDLED exams 2024

What 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 course (must have 3hrs ethi...

In 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 use - correct answer Professional l...

Property -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 individual or family (auto,boat,camper,rv) ...

Bid 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 - correct answer If a contractor is required...

Executing 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 $5,000 because of damage to property ...

An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. - correct answer an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an indi...