PERSONAL LINES EXAM TEST WITH ALL ANSWERS VERIFIED AND UPDATED.

Personal Lines Exam Test With All b b b b b




Answers Verified And Updated
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declarations npage nincludes: n- n ncorrect nanswer-•name nof ninsured b b b b b b b b




•address
•amount nof ncoverage nprovided b b b




•description nof nproperty b b




•cost nof nthe nproperty
b b b




insuring nagreement nstates: n- n ncorrect nanswer-•what nis nto nbe ncovered
b b b b b b b b b b




•losses nwhich nthe ninsured nwill nbe nindemnified
b b b b b b




•types nof nproperty ncovered
b b b




•perils nagainst nwhich nit nis ninsured
b b b b b




conditions n- n ncorrect nanswer-ground nrulez b b b b b




conditions ndescribe: n- n ncorrect nanswer-the nresponsibilities nand nobligations nof nboth
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nthe nInsurance ncompany nand nthe ninsured
b b b b b b




duties nof nthe ninsured nafter na nloss ninclude: n- n ncorrect nanswer-•giving nprompt nnotice
b b b b b b b b b b b b b




nof nclaim
b b




•protecting nproperty nfrom nfurther ndamage n b b b b b




•completing ndetailed nproof nof nloss b b b b




•making nproperty navailable nfor ninspection
b b b b




•submitting nexam nunder noath nif nrequired b b b b b




•assisting nduring nclaim ninvestigation nprocedure b b b b




proof nof nloss n- n ncorrect nanswer-policy nholders nstatement nof nthe namount nof nmoney
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nbeing nrequested, nsign nto nand nsworn nby nthe npolicy nholder nwith ndocumentation nto
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nsupport nthe namount nrequested
b b b b




appraisal n- n ncorrect nanswer-procedure nwhen ninsured nand ninsured ndisagree non nthe
b b b b b b b b b b b




namount nof nloss
b b b




other ninsurance nprovision n- n ncorrect nanswer-establishes nhow nloss nis nto napportioned
b b b b b b b b b b b




namong ninsurers
b b

, elements nof na ncontract n- n ncorrect nanswer-1. ncompetent nparties
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2. nlegal npurpose
b b




3. noffer nand nacceptance
b b b




4. nconsideration
b




consideration ninsured ngives: n- n ncorrect nanswer-premium npayment b b b b b b b




consideration ninsurer ngives: n- n ncorrect nanswer-pay nfor ncertain nlosses b b b b b b b b b




gramm nleach nbriley n- n ncorrect nanswer-federal nlaw nrequires nfinancial ninstitutions nto
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nexplain nhow nthey nshare nand nprotect ntheir ncustomers nprivate ninfo
b b b b b b b b b b




fair ncredit nreporting nact n- n ncorrect nanswer-federal nlaw nallows nconsumers nwho nare
b b b b b b b b b b b b




ndenied ninsurance nbecause nof nI ndo ncontained nin na ncredit nreport nto nbe nnotified nand
b b b b b b b b b b b b b b b




nallowed nto nobtain nthe ninfo nused nin nreport
b b b b b b b b




what nare nthe ninsurance ncommissioners nduties? n- n ncorrect nanswer-•governor
b b b b b b b b b




nappointed
b




•regulate naffairs b




•aid nin ninterpretation nof nlaw
b b b b




•issue, nrenew, nrevoke, nsuspend nlicenses
b b b b




•prescribe nforms b




•forfeiture nup nto n$1000 b b b




how noften ndoes nthe ncommissioner nexamine neach nadmitted ninsurer? n- n ncorrect
b b b b b b b b b b b




nanswer-a nleast nonce nevery n5 nyears
b b b b b b




how nlong nwill na ncompany nhave nto nrequest na nhearing nafter nexamination? n- n ncorrect
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nanswer-20 ndays
b b




NAIC n- n ncorrect nanswer-sets nstandards nand nregulates norganizations
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how nlong ndoes na ncommissioner nhave nto nnotify nand nindividual nof nthe ncharges, ntime,
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nand nplace nof nhearing? n- n ncorrect nanswer-10 ndays
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what nare nthe ncommissioners nhearing nauthorities? n- n ncorrect nanswer-1. nsubpoena
b b b b b b b b b b




nwitnesses
b




2. nadminister noaths
b b




3. nexamine
b




4. ncross nexamine
b b




5. nreceive nevidence
b b




6. nrequire nthe nproduction nof nbooks nand nrecords
b b b b b b b




what nare nthe npunitive nauthorities nof nthe ncommissioner nafter nhearing? n- n ncorrect
b b b b b b b b b b b b




nanswer-1. nfines
b b




2. npenalties
b




3. nassess ncosts nof nan ninvestigation nor nproceeding
b b b b b b b




4. norder nrestitution
b b




5. nother ncorrective naction ndeemed nnecessary
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