Nj casua - Study guides, Class notes & Summaries

NJ Casualty Producer Latest Update Graded A+ Powers and duties of Commissioner Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates 10 Amount of days notice before hearing Producers can be Agents, brokers or both Insurance agent a licensed insurance producer who is appointed by an insurer to sell insurance. represents the insurer not t...

NJ Casualty ExamOn a CGL, the ____1____ limits apply separately for each claim, but the ____2____ limit applies to all claims turned in during the policy period. - correct answer 1. Occurrence. 2. Aggregate. The CGL always contains 3 coverage sections: Part A, Part B, and Part C. There is NO ______________. - correct answer Part A - Liability Part B - Personal/Advertising Injury Part C - Medical Payments to Others. - THERE IS NO DEDUCTIBLES. On a CGL Policy, the "Medical to Others" c...

NJ Casualty Producer Latest Update Graded A+ Powers and duties of Commissioner Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates Amount of days notice before hearing 10 Retrocession When a reinsurer transfers risks it has accepted to another insurer Producers can be Agents, brokers or both Insurance agent a licensed insurance prod...

NJ Casualty Exam - NJ Laws, Rules, and Regulations Pertinent to Casualty Insurance

NJ Casualty Questions and Answers Graded A+ Commercial general liability comes in 2 forms: occurrence and ______ claims-made includes the ownership, maintenance, or use of the insured's premises and all business operations, excluding the exposures included in the products and completed operations hazard Premises and Operations hazard includes injuries or damage that occur after the insured has completed its job and left the site, or relinquished control of a product it manufactur...

NJ Casualty Exam Questions with complete solution 2023/2024 On a CGL, the ____1____ limits apply separately for each claim, but the ____2____ limit applies to all claims turned in during the policy period. - correct answer 1. Occurrence. 2. Aggregate. The CGL always contains 3 coverage sections: Part A, Part B, and Part C. There is NO ______________. - correct answer Part A - Liability Part B - Personal/Advertising Injury Part C - Medical Payments to Others. - THERE IS NO DEDUCTIBLES. ...

NJ Casualty Exam On a CGL, the ____1____ limits apply separately for each claim, but the ____2____ limit applies to all claims turned in during the policy period. - correct answer 1. Occurrence. 2. Aggregate. The CGL always contains 3 coverage sections: Part A, Part B, and Part C. There is NO ______________. - correct answer Part A - Liability Part B - Personal/Advertising Injury Part C - Medical Payments to Others. - THERE IS NO DEDUCTIBLES. On a CGL Policy, the "Medical to Others"...

NJ Casualty Exam With 100% Correct Answers 2024 claims-made Commercial general liability comes in 2 forms: occurrence and ______ Premises and Operations hazard includes the ownership, maintenance, or use of the insured's premises and all business operations, excluding the exposures included in the products and completed operations hazard Products and completed operations includes injuries or damage that occur after the insured has completed its job and left the site, or relinquished con...

NJ Casualty Test Exam With 100% Correct Answers 2023. when the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? Doctrine of reasonable expectations Doctrine of Reasonable Expectations States: that a policy includes coverages that an average person would reasonably expect it to include, regardless of what the policy actually provides. Which is not an agent's responsibility to the insured? Settling and paying claims A women slips and fa...

NJ Casualty Exam Latest Version Graded A+ Personal Auto Policy PAP Personal Auto Policy (PAP) developed by the industry service bureau known as the Insurance Services Office (ISO) ISO Insurance Services Office insurance services office the industry service bureau the PAP designed for individuals and families who own and use private passenger autos Personal Auto Policy policy that can be issued to an individual or an insured and spouse residing in the same household Liab...