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PSI Practice exam NJ Questions and Answers

NJ Property/ Casualty Insurance Exam Set Questions With Correct Answers Why was the commercial Insurance Deregulation Act Created? - answerTo 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? - answerCommercial policies When must rate amendments & policy forms be filed with the commissioner? - answer30 days before What los...

NJ Property, Casualty, and Auto Licensing Exam Study Guide. Insuring Agreement - answercompany's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - answerwhat the policy will not pay for Definitions - answernames of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage - answercoverages under a policy that are provided by the insurer at no extra co...

©THEBRIGHT EXAM SOLUTIONS 11/7/2024 12:35 PM NJ P&C Insurance Exam Questions With Correct Answers A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? - answer$10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? - answerReplacement Cost Which of the followi...

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