Casualty auto insurance - Study guides, Class notes & Summaries

Georgia Rules and Codes Pertinent to Property and Casualty Insurance Binders - correct answer • Binders and other temporary contracts of insurance may be made orally or in writing , and are deemed to include all the terms of the policy for which the binder was given , together with any applicable endorsements . • Binders are in effect for 90 days or until the issuance of the policy for which the binder was given , whichever comes first . • If a policy has not been issued , a binder may...

Pearson VUE: Casualty Insurance Practice Exam 2023/2024|QUESTIONS & ANSWERS||100% VERIFIED ANSWERS||A+ GUARANTEE!!!

ISO Insurance Service Office To be licensed as a insurance producer in this state an individual must meet the following minimum qualifications: be at least 18 years old; Be of good moral character; have not been convicted of any felony or crime for the last 10 years that can be a ground for denial,suspension, or revocation of a license; Pass the required license examination; Pay the license fee of $25.00 Agency license must contain the licensee's name, address, personal identification numb...

Pearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccurateAn insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy e...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...

Pearson VUE: Casualty Insurance Practice Exam Questions with 100% Verified Correct Answers 2024/2025 An insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy expiration date C. Giving written notice to the insurance company D. Informing the producer by telephone - Correct Answer C In insurance, which of the following terms refers to continuous or repeated exposure to co...

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered...

Property and Casualty Insurance KY ) UPDATED Exam Questions and CORRECT Answers All of the following are casualty coverages EXCEPT A. Auto Insurance B. Fidelity and Surety Bonds C. Ocean Marine insurance D. Crime Insurance - Correct Answer- C. Ocean Marine Insurance Which of the following describes the major responsibilities of an insurance company's claims department? A. Uses company standards and experience to determine whether or not to accept an application for insurance. B. ...

Virginia Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: ACV is generally used for which of the following types of claims? A Auto Physical Damage B Umbrella C Workers' Compensation D Businessowners Property Answer: Auto Physical Damage Q: A Commercial Crime policy written with the Inside the Premises - Robbery or Safe Burglary of Other Property Insuring Agreement would cover which of the following? ...

Property and Casualty Insurance UPDATED ACTUAL Questions and CORRECT Answers General Liability policies protect... - CORRECT ANSWER- Your business if a 3rd party is harmed as a result of your business activity Commercial Auto policies protect... - CORRECT ANSWER- Your business if you're in an auto accident while working or in a company vehicle