Nj property insurance - Study guides, Class notes & Summaries

NJ Property/ Casualty Insurance Exam Set questions and answers A+ grade assured 2024/2025

Why was the commercial Insurance Deregulation Act Created? Correct Answer 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? Correct Answer Commercial policies When must rate amendments & policy forms be filed with the commissioner? Correct Answer 30 days before What losses are excluded from flood insurance? Correct Answ...

NJ Property and Casualty Insurance Licensing Exam Questions and Answers (Latest 2024)

NJ Property/ Casualty Insurance Exam SeWhy was the commercial Insurance Deregulation Act Created? - ANSWER 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? - ANSWER Commercial policies When must rate amendments & policy forms be filed with the commissioner? - ANSWER 30 days before What losses are excluded from flood in...

NJ Property and Casualty Insurance Questions and answers latest update 2024

NJ Property Insurance Law Exam With 100% Correct Answers 2023. In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium 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 em...

NJ Property/ Casualty Insurance Exam (Set 365) Solved Questions 2024

NJ Property Insurance Practice Exam With 100% Correct Answers 2023 What are the nine prohibited trade practices? 1. misrepresentation 2. false advertising 3. defamation 4. rebates 5. false financial statements 6. stock operations & advisory contracts 7. boycott, coercion, intimidation 8. unfair discrimination 9. unfair claim settlement practices Which government body has principal responsibility for regulating the insurance industry in NJ? a. insurance department b. governor c. s...

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