Surplus lines Study guides, Class notes & Summaries

Michigan Surplus Lines Insurance Exam Prep Questions and Answers

PA Surplus Lines Exam Prep Questions and Answers

WA Surplus Lines Broker Exam Questions And Answers Graded A+ When are you required to file premium tax return for the previous calendar year by? March 1st What does statutory accounting mean? Rules state that certain assets are non-admitted (don't count) as you can't pay claims with them. Bonds rated ___________ and higher are considered investment grade. 1 & 2 What does IBNR stand for? Incurred but not reported True or false, individuals whose Surplus Line Brokers license was activ...

AINS 101 Questions With 100% Accurate Review Solution Answers Which of the following is an example of a legal requirement for individuals that could be met through insurance? a. contributing to the growth of the organization b. paying for losses c. obtaining personal auto insurance d. providing a source of investment funds - ANS-c. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a...

Resident Licensing Requirements o :## 1. Be licensed as a resident property and casualty insurance producer. o 2. Pass the SC broker licensing examination with 70% or better. o 3. Pay a biennial fee of $200 o 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requirements o :## 1. File application on form prescribed by the director. o 2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to o...

Surplus Lines Exam Questions and Answers

WA Surplus Lines - Property Terms Part 1 Questions And Answers Graded A+ | Complete Solutions

NJ Title Insurance Exam updated 2023/24 Reloaded| 100% verified In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? - Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? - Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? - Federal Government Activitie...

Surplus Lines Licensing Exam

WA Surplus Lines Broker Exam Questions And Answers Graded A+ When are you required to file premium tax return for the previous calendar year by? March 1st What does statutory accounting mean? Rules state that certain assets are non-admitted (don't count) as you can't pay claims with them. Bonds rated ___________ and higher are considered investment grade. 1 & 2 What does IBNR stand for? Incurred but not reported True or false, individuals whose Surplus Line Brokers license was activ...