Michigan P & C Insurance Exam Test Questions and answers, rated A+
2 views 0 purchase
Module
Michigan P & C Insurance
Institution
Michigan P & C Insurance
Michigan P & C Insurance Exam Test Questions and answers, rated A+
Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation
Termination of casualty insurance cannot take place until- from the mailing date - 10 days
PIP i...
michigan p amp c insurance exam test questions and answers
rated a termination of insurance for auto and home must be sent to last know address no later than 30 days before cancellation ter
Written for
Michigan P & C Insurance
All documents for this subject (8)
Seller
Follow
QuickPass
Reviews received
Content preview
Michigan P & C Insurance Exam Test
Questions and answers, rated A+
Termination of Insurance for auto and home must be sent to last know address no later than - ✔✔30
days before cancellation
Termination of casualty insurance cannot take place until- from the mailing date - ✔✔10 days
PIP in auto insurance covers individual care from a family member for - ✔✔a limit of $20 a day for three
years
limited collision - ✔✔shall pay for collision damage to the insured vehicle without a deductible amount
when the operator of the vehicle is not substantially at fault in the accident from which the damage
arose.
Broad from collision - ✔✔shall pay for collision damage to the insured vehicle regardless of fault, the
deductibles shall be waived if the operator of the vehicle is not at fault in the accident
Standard Collision - ✔✔which has a deductible for at-fault and non-fault accidents.
Personal Protection Insurance (PPI) benefits - ✔✔pay up to $1 million per accident for damage done to
property arising from the ownership, operation or maintenance, or use of motor vehicle
20/40/10 - ✔✔Michigan limits of auto insurance $20,000 for bodily injury or death for one
accident..$40,000 for bodily injury or death of more than one person for any one accident...$10,000 for
damage property of others for any one accident.
Notice of canellation of auto insurance must be mailed out - ✔✔20 days prior to the cancellation date
, non OEM parts - ✔✔can be requested by the insurer only if the insured receives a written estimate of
repairs that clearly identifies each non-OEM aftermarket crash part
uninsured and uninsured motorists cannot be cancelled untill - ✔✔55 days following the original date of
issue.
Medical expenses, Funeral expenses, Work loss, Replacement services, and Survivor's loss are all
covered under - ✔✔Personal Injury Protection (PIP) under auto insurance
reimburses employees injured in the course of and arising from their employment. Reimbursement
includes loss of wages, hospital and medical expenses, payments for permanent and partial disability,
and payments to dependents. Last sickness and burial expenses also included - ✔✔Michingan Workers'
Compensation
Weekly indemnity benefits in the amount of___of the employee's after tax wages - ✔✔80%
In workers comp....total and permanent disability does not extend beyond___ from the date of injury -
✔✔800 weeks
HO-3 forms - ✔✔include open perils and named perils
HO-4 forms - ✔✔renters policy
HO-5 forms - ✔✔all coverages unless exlcuded
HO-6 - ✔✔Condo coverage
HO-8 - ✔✔mainly fire protection, homes are replaced where cost far exceeds market value
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QuickPass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.78. You're not tied to anything after your purchase.
