Pa property casualty - Study guides, Class notes & Summaries

PSI PA Property and Casualty Exam GuideBroker - correct answer According to the insurance law, who is the principal? 90 days - correct answer An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? a temporary license - correct answer issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or wh...

PSI PA Property and Casualty Exam Study Guide Already Graded A According to the insurance law, who is the principal? Broker An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? 90 days issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or when individuals are serving in the milita...

PA property and casualty test prepIn a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance prot...

PA Property & Casualty - Personal Auto Latest Update Graded A+ Law - Vehicle Financial Responsibility Requires ALL vehicles to be covered for financial responsibility (the ability to respond to damages). Minimum Limits: Split Limits - $15,000.00 for one person in any one accident / $30,000.00 for more than one for any one accident / $5,000.00 for property damage of others in any one accident. Combined Single Limits - $35,000.00. First Party Benefits (Medical) - $5,000.00 Pro...

PA Property and Casualty - Chapter One Insurance Regulation Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+

Property & Casualty - PA - Insurance Regulation Latest 2024 Graded A+ Purpose of insurance regulation. Assure the public is treated fairly and equitably. Requirements to be licensed. Pre-licensing requirements, pass the exam, pay application fee Producer's license. Permitted to legally sell, solicit and negotiate contracts of insurance. Licensing requirements. 24 credit hours, pass exam, 18 yrs. or older, able to read and write English, not be a criminal, pay all fees, have profes...

PA Property and Casualty - Chapter One Insurance Regulation Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+

Property & Casualty - PA – Basics Questions and Answers Rated A+ Property Insurance 2 party contract. Casualty Insurance 3rd party contract. Liability. Insurable Interest Financial someone has in someone or something. Required for coverage. Must exist AT THE TIME OF LOSS. Underwriting Gathers information. Issue policy, decide on rates, fees and credits, may change coverage in order to issue, may reject a policy completely. GOAL = avoid adverse selection. Rates Objective = es...

PSI PA Property and Casualty Exam Guide | Questions and Correct Solutions Latest Update 2024/2025 According to the insurance law, who is the principal? - Answer - Broker An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? - Answer - 90 days issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of ...

PSI PA Property and Casualty Exam Guide 2024 Answered 100% Correct