SC Review Questions with complete solutions

SCWHUA policies are written on - ANSWER-An annual basis Are required to be members of the property casualty guaranty association - ANSWER-Auto Insurers The minimal amount of property damage liability coverage required in South Carolina - ANSWER-$25,000 When renewing a South Carolina personal lines residential policy, the insurer must notify the insured of each of the following - ANSWER-If the property has mold coverage If an increase in the deductible will reduce the premium If the property lacks flood coverage An insurer may nonrenew an auto policy for which of the following? - ANSWER-The insured moves to a residence in another state Under South Carolina's work comp laws, an injured worker is usually not permitted to recover for lost wages (disability) for the first - ANSWER-7 Days Ocean marine protection and indemnity insurance coves the ship owner's liability for - ANSWER-Fines and penalties Damage to the ship's cargo Damage to other ships and cargo Coverage for wind loss to a commercial structure will be covered by SCWHUA on what payment basis - ANSWER-Actual cash value Arbitrators of a South Carolina auto dispute may award - ANSWER-Actual damages and/or punitive damages