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Texas Statutes and Rules Pertinent to Property & Casualty Insurance Questions With Complete Solutions $12.99
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Texas Statutes and Rules Pertinent to Property & Casualty Insurance Questions With Complete Solutions
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Texas Statutes and Rules Pertinent to Property & Casualty Insurance Questions With Complete Solutions

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  • October 30, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • texas statutes and rules pertinent to property c

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  • Property & Casualty
  • Property & Casualty

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Texas Statutes and Rules Pertinent to Property & Casualty
Insurance Questions With Complete Solutions

3 accounts for the Texas P&C Guaranty Association Correct
Answer Workers compensation insurance account
Automobile insurance account
Account for all other lines of insurance under the association

A Wage Statement must be filed no more than how many days
after a notice of injury to the employee. Correct Answer 30
days

Accrued Benefits Correct Answer An order to pay income or
death benefits MUST include interest and the interest and
unpaid compensation will be paid in one lump sum

After employee's impairment income benefits expire, employee
is entitled to supplemental income benefits if: Correct Answer
Their impairment rating is 15% or more from the compensable
injury

They have not returned to work or has returned and is earning
less than 80% of the average weekly wages because of the injury
and

They have attempted to find work in their ability to work

After the insured has refused an insurer, the commissioner may
require an employee to submit to a medical exam as often as
once every? Correct Answer 180 days

,All motors vehicles must have an automobile liability insurance
cover Correct Answer bodily injury and property damage
liability, personal injury protection, and uninsured and
underinsured motorist coverage

An Insurer issuing standard fire, homeowners, and farm or
ranchowners insurance policies may assess a premium surcharge
when renewing a policy if: Correct Answer An insurer makes 2
or more claims in the past 3 years excluding claims made for
natural disaster or if the insurer did not pay out the claim.

An insurer may cancel a personal auto policy that has been in
effect for 60 days or more only for any of the following reasons:
Correct Answer -Insured fails to pay the premium

-Suspension or revocation of the driver's license or motor
vehicle registration of the named insured or of any other
operator who either resides in the same household or
customarily operates an automobile insured under the policy.

-Insured submits a fraudulent claim

-Department discovers the continuation of this policy would
violate the Insurance Code or any other law governing the
business of insurance in this state

An insurer must begin paying impairment income benefits no
later than how many days after receiving a doctor's report
certifying maximum medical improvement? Correct Answer 5
days

, Approval of Rates and Forms Correct Answer All policy
forms, endorsements and rates must be approved by the
Commissioner and filed no more than 60 days before the date of
delivery or use. After these 60 days, the filed form or
endorsement is considered approved, unless otherwise
disapproved by the Commissioner.

Assigned Risk plans would be considered as part of: Correct
Answer the residual market facilities

Average Weekly Wage Correct Answer Calculated from an
average of income within the 13 weeks prior to the injury.

Income benefits are determined based off this

Burial Correct Answer $10,000 or actual cost for reasonable
burial expenses....whichever is less. If employee passes while
away, employer will pay the cost of transporting the body back
to the place of regular employement

Cancellation of a commercial auto policy Correct Answer
Insurer may cancel a liability policy that has been in effect under
60 days for any reason. Must provide written notice to the
Insured within 10 days of the cancellation date

Casualty or Liability Insurance Correct Answer Provides
compensation or indemnity for harm or wrong done to others
that the insured is legally obligated to pay.

exists to pay damages to a third party for reasons such as bodily
injury, property damage, personal injury, or advertising injury

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