Adjuster exam arizona - Study guides, Class notes & Summaries

Arizona Life Insurance Exam - Insurance Regulations Verified Answers Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to influence a person to act against his or her will Commission Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director The head of the state Department of Insurance Exempt Not subject to an obligation Home State A state in which an insurer is organized and has its main pl...

Arizona Life Insurance Exam - Insurance Regulations Latest 2024 Graded A Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to influence a person to act against his or her will Commission Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director The head of the state Department of Insurance Exempt Not subject to an obligation Home State A state in which an insurer is organized and has its main place of...

Under the BOP, how much would be paid for any one tree, shrub, or plant in case of a covered cause of loss? - correct answer The policy provides a limit of no more than $1,000 on any one tree, shrub, or plant with a total limit of $2,500. The older forms provided $500. Name the coverage that applies to the extra cost the insured incurs to make temporary repairs and speed up the permanent repairs or replacement of damaged covered equipment under an Equipment Breakdown policy. - correct answe...

Commercial Automobile Insurance Procedure (Arizona) - ANSWERSSimilarly, high-risk commercial consumers who have trouble finding automobile insurance in the voluntary market may find coverage through the Commercial Automobile Insurance Plan (CAIP). Coverages available under CAIP are more limited than those available to drivers of private passenger vehicles. Under this plan, commercial consumers may only obtain Bodily Injury and Property Damage Liability with basic limits, unless higher limits are...

Under the BOP, how much would be paid for any one tree, shrub, or plant in case of a covered cause of loss? - ANSWERSThe policy provides a limit of no more than $1,000 on any one tree, shrub, or plant with a total limit of $2,500. The older forms provided $500. Name the coverage that applies to the extra cost the insured incurs to make temporary repairs and speed up the permanent repairs or replacement of damaged covered equipment under an Equipment Breakdown policy. - ANSWERSThis is called...