Fred loya insurance test - Study guides, Class notes & Summaries

2024 FRED LOYA PRACTICE TEST (106 QUESTIONS), LIMITED LINES EXAM.

Fred Loya Practice Test Questions And Answers (Verified And Updated) What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe agent cannot transact any insurance business for which is valid, active license...

Fred Loya Practice Test Questions And Answers (Verified And Updated) What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe agent cannot transact any insurance business for which is valid, active license...

Fred Loya Practice Test Questions And Answers (Verified And Updated) What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe agent cannot transact any insurance business for which is valid, active license...

Fred Loya Practice Exam 2 Questions With 100% Correct Answers If an agent, while selling a policy tells the prospect he is fully covered and everything will be taken care of, when this is not the fact, the agent is guilty of - answerMisrepresentation What would NOT be an unfair claim practice? - answerUsing an arbitrator to resolve a dispute. A homeowner discovers that a valuable painting was stolen from her home, what type of loss would this be considered? - answerDirect loss An example...

Fred Loya Limited Lines State Test Questions With Verified Answers What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe a...

Fred Loya Practice Exam 2 Questions With 100% Correct Answers If an agent, while selling a policy tells the prospect he is fully covered and everything will be taken care of, when this is not the fact, the agent is guilty of - answerMisrepresentation What would NOT be an unfair claim practice? - answerUsing an arbitrator to resolve a dispute. A homeowner discovers that a valuable painting was stolen from her home, what type of loss would this be considered? - answerDirect loss An example...

Fred Loya Practice Test Questions And Answers (Verified And Updated) What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe agent cannot transact any insurance business for which is valid, active license...