Pennsylvania property and casualty questions with complete solutions 2024

Pennsylvania property and casualtyA policy covering commercial risks is subject to midterm cancellation for non-payment of premium upon how many days' written notice? - correct answer 15 days the waiting period for payment of workers compensation benefits is - correct answer 7 days. the retroactive period is two weeks to demonstrate financial responsibility in Pennsylvania the insured must be able t respond to damages in which of the following amounts - correct answer 15 k for injury to any one person/30k max for any one accident a type of insurance for which an agents license may be issued in pennsylvania is called a - correct answer line of authority - agent licenses are issued by a line of authority denoting the types of insurance the agent is permitted to sell, for example propty casualty, personal and limited lines An insurer must continue basic property insurance for how many days after the death of the named insured - correct answer 180 days after the death of the insured or until the sale of the covered property whic ever occurs first abd as long as premiums are paid By examining an insurer's records, the Insurance Commissioner assesses the insurer's: - correct answer compliance with state laws. how often must producer licenses be renewed in pennsylvania - correct answer every 2 years if an insurer cancels an individual personal auto policy it must notfiy the insured of her possible eligibility to obtain automobile insurance through - correct answer the pennsylvania auto insurance plan