Casualty auto insurance - Study guides, Class notes & Summaries

NEW HAMPSHIRE PROPERTY & CASUALTY QUIZ QUESTIONS WITH COMPLETE SOLUTIONS 100% What is true about controlled forms? - correct answer These forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - correct answer when the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - co...

MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024 What is the interest rate for claims not paid and over 30 days? 1 ½ % per month A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this covered under? Non-owned aircraft coverage How are wages computed for workers compensation? 2/3 of average after take weekly wages A company sells costume jewelry ranging in price from $1.00 to $5.00 and has had $10,000.00 in jewelry sto...

Michigan P & C Insurance Exam Test Question and answers already passed 2023/2024 Termination of Insurance for auto and home must be sent to last know address no later than - correct answer 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - correct answer 10 days PIP in auto insurance covers individual care from a family member for - correct answer a limit of $20 a day for three years limited collision - correct answer shall pa...

Xcel Solutions Property & Casualty Exam Questions and Answers An earned premium resulting from the cancellation of a policy is calculated on: - Correct Answer ️️ -On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - Correct Answer ️️ -Excess Direct Coverage An insurance company writing business in a state o...

Symbol 7 in a Business Auto policy refers to: - ANSWER Specifically described auto An individual who has Liability, Uninsured Motorist, Medical Payment and Other than Collision, falls asleep at the wheel and crashes into a flower shop. Damage to the shop would be covered by which of the following? - ANSWER liability Personal Auto Policy (PAP) coverage excludes which territory: - ANSWER Mexico Which of the following is not a coverage option with Garagekeepers Coverage? Standard Average...

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

Pearson VUE: Casualty Insurance Practice Exam 2024/2025 already graded A+

Utah Financial Responsibility of Motor Vehicle Owners and Operations Act correct answers 1. Requires operators of vehicles to carry proof of insurance coverage. 2. Designed to protect the public from losses resulting from a motor vehicle accident. 3. A driver who doesn't carry these requirements may lose their license, registration, plates, and a fine up to $1,000. 4. Proof of requirements must be located in the vehicle at all times. Utah Automobile Insurance Plan correct answers 1. Provi...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...