NJ P&C Insurance Exam Questions With 100% Correct Answers PSI Practice exam NJ Questions And Answers PSI Exam Property and Casualty Questions With Answers NJ Casualty Test With 100% Correct Answers. NJ Property, Casualty, and Auto Licensing Exam WITH 100% Correct Answers. Property and Casualty Prac...
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Why was the commercial Insurance Deregulation Act Created? - ANSWER - To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWE...
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Add to cartWhy was the commercial Insurance Deregulation Act Created? - ANSWER - To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWE...
Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER - Exclusive Remedy Which of the followi...
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Add to cartEmployees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER - Exclusive Remedy Which of the followi...
Insuring Agreement - ANSWER company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - ANSWER what the policy will not pay for Definitions - ANSWER names of the persons insured in addition to the named insured are listed here, along with an...
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Add to cartInsuring Agreement - ANSWER company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - ANSWER what the policy will not pay for Definitions - ANSWER names of the persons insured in addition to the named insured are listed here, along with an...
when the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? - ANSWER - Doctrine of reasonable expectations Doctrine of Reasonable Expectations - ANSWER - States: that a policy includes coverages that an average person would reasonably expect it to...
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Add to cartwhen the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? - ANSWER - Doctrine of reasonable expectations Doctrine of Reasonable Expectations - ANSWER - States: that a policy includes coverages that an average person would reasonably expect it to...
All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - ANSWER - Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - ANSWER - A first insurer issues insurance to compensate anoth...
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Add to cartAll of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - ANSWER - Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - ANSWER - A first insurer issues insurance to compensate anoth...
All of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - ANSWER - C: switching the policy from on insured t...
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Add to cartAll of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - ANSWER - C: switching the policy from on insured t...
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