NJ Property/ Casualty Insurance Exam Set Questions and Answers 100% Correct ||(2024) Graded A+!!!
Why was the commercial Insurance Deregulation Act Created? - 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? - Commercial policies When must rate amendments & policy forms be filed with the commissioner? - 30 days before What losses are excluded from flood insurance? - -Landslides -Sewer backup -Windblown Rain -Snow -Sleet Who administers the NFIP? - Federal Insurance Administration (FIA) What does the NFIP stand for? - National Flood Insurance Program Why was the National Flood insurance Program constructed? - to fill in gaps of flood coverage by the private sector
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nj property casualty insurance exam set questions
