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Casualty Producer NJ questions and answers already graded A+ 2024/2025
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Casualty Producer NJ questions and answers already graded A+ 2024/2025
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Casualty Producer NJPowers and duties of Commissioner - ANSConduct research
Make reasonable regulations and regulations
Issue orders and notices
Issue coverage licenses and certificate of authority
Impose consequences
Approve coverage policy forms and costs
Amount of days word before listening to - ANS10
Retrocession - ANSWhen a reinsurer transfers risks it has prevalent to another insurer
Producers can be - ANSAgents, brokers or each
Insurance agent - ANSa certified coverage producer who's appointed by way of an insurer to
promote coverage. An agent represents the insurer no longer the insured
Insurance dealer - ANSa certified coverage manufacturer who negotiates coverage on behalf of
insureds or coverage proprietors, no longer on behalf of an insurer or agent. Brokers represent
their customers, not the insurer or agent
Insurance representative - ANSa character who, for a fee, acts or holds himself out to the
general public or any licensee as offering any recommendation, counsel, opinion, or provider
with respect to the blessings, blessings, or hazards underneath any coverage issued on this
country
Insurance related behavior - ANSSoliciting, negotiating or binding policies of coverage
All communications with insureds regarding any term or condition of coverage insurance
Office management guidelines affecting insureds
Processing claims
Transmitting finances between insureds, produces, top class finance organizations, and
insurance organizations
Producer license necessities - ANS18 years vintage
Have no devoted any act this is floor for denial, suspension or revocation of a license
Complete the pre-licensing training requirement
Complete the application and pay the rate
Pass the licensing tests for the lines of authority for which the individual has applied
Business entity manufacturer application need to encompass - ANS-Business entity prison
name and addresses
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