Pa property and casualty - Study guides, Class notes & Summaries

PA Property And Casualty Insurance Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

PSI PA Property and Casualty Exam Guide questions and answers already graded A+ 2024/2025

PSI PA Property and Casualty Exam Guide Accurate 10Broker - ANSWER According to the insurance law, who is the principal? 90 days - ANSWER An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? a temporary license - ANSWER issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or when individua...

PSI PA Property and Casualty Exam Guide 2024 Answered 100% Correct

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What is the purpose of licensing? - correct answer Reinforces the purpose of insurance regulation - that the public is treated fairly and equitably by those who sell and distribute insurance. Licensing prerequisites - correct answer 24 credit hours of study in approved course (must have 3hrs ethics). Once your certificate is obtained you have 1yr to pass your exam followed by 1yr to have your license issued. *Passing does not guarantee you will get your license. What are the qualifications...

Casualty or Liability - correct answer refers to your legal responsibility to pay for damage that you do to the "other guy's" body or property. Personal lines insurance - correct answer written to cover the risk exposures of an individual or family (auto, home, boat, camper and RV) Commerical lines insurance - correct answer provide for the insurance needs of a business Named insureds - correct answer On a homeowner's policy, the policy owners(husband and wife) First name insured...

PSI PA Property and Casualty Exam Guide | Questions and Correct Solutions Latest Update 2024/2025 According to the insurance law, who is the principal? - Answer - Broker An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? - Answer - 90 days issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of ...

In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection again...