Nj property producer - Study guides, Class notes & Summaries

Dwelling Property Coverage - Answer • A: Dwelling • B: Other Structures (10% of Coverage A) • C: Personal property on premises, off premise covered at 10% • D: fair rental value • E: additional living expense • Coverage E is included with DP-2 and DP-3. It can be added to DP-1 by endorsement. DP-1 - Answer "Basic Form" of Dwelling Policy. Covers direct physical loss to property caused by only three perils: fire, lightning, and internal explosion (coverage for o...

NJ PROPERTY PRODUCER Exam Questions and Answers (Latest Update 2023) Verified Answers

NJ Property Producer License

NJ Property Producer Exam-With 100% verified solutions-2023

Dwelling Policy - ACCURATE ANSWERS Only insures property DP-1 - ACCURATE ANSWERS Basic Form DP-2 - ACCURATE ANSWERS Broad Form DP-3 - ACCURATE ANSWERS Special Form Dwelling Coverage A - ACCURATE ANSWERS Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - ACCURATE ANSWERS Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - ACCURATE ANSWERS Personal Property- Co...

NJ Property Producer Exam NJ Property Producer Exam $5,000 - ANS-Fraud Fines $5,000 for first offence and up to $10,000 for each subsequent violation. - ANS-Penalties from the Commiccioner 168 Hours - ANS-How many hours for an Earthquake occurrence? 180 days - ANS-How long does a temporary insurance license last? A federal law giving an applicant for insurance the right to contact a credit reporting agency doing a credit check and be advised about information that may effect the granting...

2024 NJ PROPERTY PRODUCER EXAM-WITH 100% CORRECT ANSWERS GRADED A+

NJ Property Producer Exam Practice

NJ Property Producer Exam Question and answers correctly solved 2023/2024Dwelling Policy - correct answer Only insures property DP-1 - correct answer Basic Form DP-2 - correct answer Broad Form DP-3 - correct answer Special Form Dwelling Coverage A - correct answer Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - correct answer Other Structures- Insures buildings on premise but separate from the dwelling. ...

NJ PROPERTY PRODUCER