Casualty Idaho (100% solved)

A violation of the insurance laws and regulations in Idaho could result in a monetary fine up to: correct answers $5000 The minimum limits of a basic automobile liability insurance required by the state of Idaho is: correct answers 25/50/15 A violation of unfair insurance claims practices will result in which of the following fine amounts? correct answers $10,000 A violation of a cease and desist order will result in a monetary penalty of: correct answers $5000 The purpose of the Idaho Automobile Insurance Plan is: correct answers Providing the guarantee that automobile insurance coverage will be available to any person who is unable to procure that insurance through ordinary methods Which of the following would be considered an Unfair Insurance Trade Practice in Idaho? correct answers Promising to lend money to the client if they purchase insurance through a specific carrier In Idaho, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium correct answers 10 days An insurer wishing to appoint a producer must request the appointment within_______ of the execution of the agent's contract or the submission of the first application for insurance by the agent. correct answers 15 days The purpose of the Idaho Property & Casualty Insurance Guaranty Fund is to correct answers pay the claims of insolvent member insurers. In order to cancel a Property insurance policy, an insurer must give the insured a ______ advance notice correct answers 30 days Which of the following is NOT required to be licensed in the State of Idaho? correct answers A person helping enroll a group benefit program. Licenses for a business entity renew every ___ years. correct answers 2 In order to cancel a Casualty insurance policy other than for nonpayment, an insurer must give the insured a ______ advance notice correct answers 20 days Insurers wishing to cancel or non renew a block of business must request approval of the process from the Department of Insurance ______ prior to the action. correct answers 120 days