Authorized insurer c - Study guides, Class notes & Summaries

Antonia has a general liability policy with a self-insured retention of $50,000. The policy has an occurrence limit of $250,000 and an aggregate limit of $500,000. She had submitted one prior claim this policy term for which $100,000 was paid by the insurer. How much will Antonia's insurer pay on a subsequent claim under the same policy period that is valued at $400,000? Select one: A. $200,000 B. $250,000 C. $400,000 D. $500,000 - B. $250,000 After the SIR limit had been reached, the ...

CALIFORNIA LIFE, ACCIDENT AND HEALTH STATE EXAM TEST BANK WITH 400+ QUESTIONS AND CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, ACCIDENT AND HEALTH INSURANCE LICENSE PRACTICE EXAM (NEW!!) According to the California Insurance Code, what is the maximum penalty per violation for anyone who unwilfully commits an unfair method of competition? - ANSWER-$5,000 What is an "insurance broker" according to California Insurance Code? - A person who offers or attempts to negotiate life settlement...

California Life Accident And Health Exam 2024. A ABC INSURANCE - Correct Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED - Correct Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED - Correct Answ...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM |QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A (2024/ 2025 UPDATE) Q: Who is the insurance company? Answer: The author of the policy, issuer of the policy, and enforcer of policy Q: Cancellation Answer: Stop policy mid-term before it has the chance to expire. Both insurer and insured can cancel a policy Q: Insured cancels policy Answer: Request must be made in writing Q: Risk Answer: uncertainty of...

California Life Accident And Health Exam 2024. A ABC INSURANCE - Correct Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED - Correct Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED - Correct Answ...

California Life Accident And Health Exam 2024. A ABC INSURANCE - Correct Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED - Correct Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED - Correct Answ...

Connecticut State Insurance Laws Exam Questions and Answers Licensing - Resident Producer - Correct Answer ️️ -18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer - Correct Answer ️️ -Can be exempt from pre licensing ...

ND CREDIT INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ A Credit Life or Credit Accident and Health Insurance Policy may be issued for delivery only by: A. an authorized insurer. B. a licensed securities representative. C. unlicenced vendors. D. a surplus lines insurer. Correct Answer: A. an authorized insurer. Standard Credit Accident and Health policies contain policy provisions limiting coverage for all of these EXCEPT: A. pre-existing...

The Superintendent has the authority to take all of the following actions, except: a. Foster growth in the financial industry b. Create insurance laws c. Mediate consumer complaints d. Create rules to implement and enforce insurance laws - ANSWER-b. Create insurance laws The New York Assembly creates laws in this state. The Superintendent may create rules and regulations to carry out those laws. How many years must insurers typically maintain books and records, producer licensing rec...

CA Insurance License Exam Questions and Answers 100% Correct As used in this code the word "shall" is - Correct Answer ️️ -Mandatory (unless otherwise apparent) As used in this code the word "may" is - Correct Answer ️️ -permissive (unless otherwise apparent) "Oath" includes - Correct Answer ️️ -affirmation "Person" means - Correct Answer ️️ -person, association, organization, partnership, business trust, limited liability company, or corporation Definition of In...