Property and casu - Study guides, Class notes & Summaries

PSI CA Property and Casualty Practice//PSI CA Property and Casualty Practice Examination Exam 2023 Solved 100% 1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - ANSWER-The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of the following EXCEPT - ANSWER-EXCEPT a person who is conducting an investigation of a claim on behalf of an insure...

Insurance commisioner •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an alien or foreign insurer licensed to transact insurance in this state at least once every five years. Insurance examination cost The cost must be paid by the company being examined. Refusal of examina...

The West Virginia Insurance Guaranty Association may do all of the following EXCEPT: Invest the assets of troubled insurers. The Commissioner is given all of the following powers EXCEPT: Prosecuting people To be licensed as an excess lines broker, an agent must do all of the following EXCEPT: Cease operating as an agent When a personal automobile policy has been in force for less that 60 days, it may be cancelled by the insurer: For any reason

Treatment limited to max of 400 weeks unless injuries are catastrophic. What are the benefit payout requirements for WC? - ANSWERS,Workers can collect WC benefits after being out of work for more than 7 days, and the first check will arrive with 21 days of the first missed workday. The compensation is limited to 2/3 of the worker's average weekly pay up to $575. Georgia Workers Compensation Assigned Risk Plan - ANSWERS,The Georgia Workers Compensation Assigned Risk Plan exists to provid...

GEORGIA PROPERTY AND CASUALTY INSUARANCE EXAMS 2024 WITH ACTUAL CORRECT QUUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY GRADED A+

GEORGIA PROPERTY AND CASUALTY INSURANCE EXAM|| ACTUAL EXAM ALL QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE VERSION|| ASSURED PASS!!!

NJ PROPERTY AND CASUALTY INSUARANCE EXAM/ NJ PROPERTY AND CASUALTY EXAM COMPLETE SET ALL 400 QUESTIONS AND CORRECT ANSWERS/ BEST GRADED A+

What is a deductible in an insurance policy? - ANSWERS,A specified dollar amount that the insured must pay before the insurer will pay the policy benefits In property insurance, what is actual cash value? - ANSWERS,Replacement cost at the time of loss, minus depreciation Wagering on a sporting event is known as what type of risk? - ANSWERS,Speculative What term defines an exact, direct, and uninterrupted cause of loss? - ANSWERS,Proximate cause What is subrogation? - ANSWERS,An insurer'...

When must a financial institute disclose information to customers - ANSWERS,1. When the policy is purchased. 2. Before disclosed protected information. Terrorism Risk Insurance Act (TRIA) - ANSWERS,Requires insurance companies to offer terrorism insurance to their commercial policyholders. Feds will pay 80% of the loss. NARAB - ANSWERS,National Association of Registered Agents and Brokers Abandonment - ANSWERS,The relinquishing of insured property into the hands of another, or into the...

TEXAS PROPERTY AND CASUALTY EXAM AND PRACTICE QUESTIONS NEWEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A