Nj property insurance - Study guides, Class notes & Summaries

Why was the commercial Insurance Deregulation Act Created? To 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? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are excluded from flood insurance? -Landslides -Sewer backup -Windblown Rain -S...

NJ Property Insurance Exam With 100% Correct Answers 2024. Abandonment the abdication of insured property into the hands of another, or into the possession of no one in particular accident an unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury. ACV. actual cash value the required amount to pay damages for property loss, which is calculated based on the property's current replacement value minus depreciation additional coverage A ...

NJ PROPERTY CASUALTY INSURANCE EXAM CURRENTLY TESTING VERSIONS OF THE EXAM WITH QUESTIONS AND CORRECT DETAILED ANSWERS/EXPERT VERIFIED FOR GUARANTEED PASS!/LATEST UPDATE

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In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium CORRECT ANSWER 10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of the employee c. the employee producer will conduct busines...

NJ Property- Casualty Insurance Exam Set

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