What does nfip stand for - Study guides, Class notes & Summaries

NJ Property/ Casualty Insurance Exam Set (Questions and Answers 100% A+ Graded) Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - COR...

Why was the commercial Insurance Deregulation Act Created? - ANSWER To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWER Commercial policies When must rate amendments & policy forms be filed with the commissioner? - ANSWER 30 days before What losses are excluded from flood insurance? - ANSWER -Landslides -Sewer b...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

Florida No-Fault Tort Exemption - Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? - National Flood Insurance Program Form SR-22 - Drivers Convicted of DUI or a traffic felony ov...

NJ Property Casualty Insurance Exam With Detailed And Real Updated Solutions 2024 Why was the commercial Insurance Deregulation Act Created? - correct answer.To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - correct answer.Commercial policies When must rate amendments & policy forms be filed with the commi...

Florida No-Fault Tort Exemption CORRECT ANSWER Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) CORRECT ANSWER 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? CORRECT ANSWER National Flood Insurance Program Form SR-22 CORRECT AN...

Florida No-Fault Tort Exemption Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? National Flood Insurance Program Form SR-22 Drivers Convicted of DUI or a traffic felony over the pri...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

4 Exceptions to Tort Exemption(Threshold of No-Fault) - ANSWER-1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? - ANSWER-National Flood Insurance Program Form SR-22 - ANSWER-Drivers Convicted of DUI or a traffic felony over the prior 3 years are required to have 100/300/50 coverage or a certificate of self insurance of $350,000. Conte...

Why was the commercial Insurance Deregulation Act Created? - correct answer To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - correct answer Commercial policies When must rate amendments & policy forms be filed with the commissioner? - correct answer 30 days before What losses are excluded from flood insurance? ...