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Fred Loya Insurance Exam Questions With Verified Answers Liability: - answeris the minimum the state of California requires you to have in order to drive a vehicle. In case you are involved in an accident that is your fault, the company pays: up to $15,000 in medical expenses for 1 person injure...

Fred Loya Limited Lines State Test Questions With Verified Answers What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualif...

Fred Loya Insurance Questions With Verified Answers Personal injury protection (PIP) - answerCovers in case of a car accident no matter who's at fault. It covers medical bills for you and your passenger's. It pays up to $2,500 for each person hurt in vehicle. Uninsured motorist (UM) - answerC...

Fred Loya Exam Questions With 100% Correct Answers EXPRESSED AUTHORITY - answerThe type of authority granted to an agent that is applied in writing or verbally IMPLIED AUTHORITY - answerAuthority that is not expressed or written into the contract, but which the agent is assumed to have in order...

Fred Loya Practice Exam 2 Questions With 100% Correct Answers If an agent, while selling a policy tells the prospect he is fully covered and everything will be taken care of, when this is not the fact, the agent is guilty of - answerMisrepresentation What would NOT be an unfair claim practice? -...

Fred Loya Exam Questions And Answers (Verified And Updated) 1. Company benefits - answerWe are the actual company not an agency 2. Company benefits - answerWe have an in-house claims department 3. Company benefits - answerWe are open from 9am to 7pm Monday to Friday and Saturday from 9am to 2 p...

Fred Loya Insurance Exam Questions And Answers (Verified And Updated) Automobile Insurance - answerA contract between two parties... the policyholder and the company. Agent - answerLicensed individual or organization authorized to sell/service insurance policies. License - answerCertificate of...

Fred Loya Insurance Exam Questions And Answers (Verified And Updated) risk - answerUncertainty concerning the occurrence of a loss Exposure - answerwhat the insured is exposing to the insurer to premium calculations - answerthe higher the risk is, the greater the premium Speculative Risk - answ...

Fred Loya Practice Test Questions And Answers (Verified And Updated) What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qual...