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Property & Casualty Michigan Practice Exam Questions and Answers
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Property & Casualty Michigan Practice Exam Questions and Answers
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Property & Casualty Michigan PracticeExam Questions and Answers
4 - Answer -The Governer appoints a Commissioner of Insurance every how many
years?
$10,000 and possible license revocation. - Answer -Maximum fine for knowingly
violating cease and desist order is
180 - Answer -Temporary Licenses are issued for how many days?
30 - Answer -An applicant who has been denied an insurance license has how many
days to protest the denial?
5 - Answer -The commissioner must examine the books, records, etc. of an insurance
company at least once every how many years?
30 - Answer -Rates must be filed with the commissioner within how many days of use?
24 - Answer -Property and casualty must compete how many hours of continuing
education every two years
30 - Answer -If a producer undergoes criminal prosecution, he must notify the
commissioner within how many days?
60 - Answer -At least how many days can a building be unoccupied before the insurer
can deny coverage?
20 - Answer -In a worker's comp policy, Michigan law requires that the Bureau of
Worker's Disability Compensation be notified in advance of the date of cancellation of a
policy how many days in advance?
20K/40K/10K - Answer -What are the required limits of liability for auto liability policies in
Michigan?
20 - Answer -How many days does an insurer have to notify the insured in writing of
cancellation of a motor vehicle policy?
, 5 - Answer -How many companies determine the MIchigan PLacement facility rates?
55 - Answer -Cancellation of an auto policy is not subject to appeal for how many of the
first number of days?
Express consent - Answer -What is it called when there is a legal doctrine stating that
an agent has authority via written or oral consent by the principal?
Part A - Liability - Answer -If you hit a PARKED CAR, what part of an insurance policy
will pay for the damage to the PARKED CAR?
Liability - Answer -What part of a PAP is PART A?
Medical Payments - Answer -What part of a PAP is PART B?
Uninsured Motorist Coverage - Answer -What part of a PAP is PART C?
Coverage to YOUR AUTO! - Answer -What part of a PAP is PART D?
Personal Auto Policy - Answer -What does PAP stand for?
Assigned Risk Plans - Answer -State-sponsored plans for high risk drivers, also called
"Automobile Insurance Plans"
Part A (Liability) - Answer -Supplementary Payments are included under what part of a
PAP?
$250 - Answer -Up to how much is covered under supplementary payments for BAIL
BONDS?
The Other Insurance Formula - Answer -(Primary liability limits / total limits of all
policies) x loss =
$250 - Answer -Up to how much can you earn per day in LOSS OF EARNINGS?
3 Years - Answer -How long does part B cover medical and funeral expenses under a
PAP?
Part A - Liability - Answer -Under what part of a PAP would the passengers in the
OTHER CAR involved in a collision be coverd?
Subrogation - Answer -The transfer to the insurance company of the insured's right to
collect damages from another party.
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