NJ Property/ Casualty Insurance Exam Set Questions & Answers
Why was the commercial Insurance Deregulation Act Created? -ANSWER 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? -ANSWER Commercial policies When must rate amendments & policy forms be filed with the commissioner? -ANSWER 30 days before What losses are excluded from flood insurance? -ANSWER -Landslides -Sewer backup -Windblown Rain -Snow -Sleet Who administers the NFIP? -ANSWER Federal Insurance Administration (FIA) What does the NFIP stand for? -ANSWER National Flood Insurance Program Why was the National Flood insurance Program constructed? -ANSWER to fill in gaps of flood coverage by the private sector What are the 3 NFIP requireme
Written for
- Institution
- Nj property and casualty
- Course
- Nj property and casualty
Document information
- Uploaded on
- May 7, 2024
- Number of pages
- 36
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- nj property casualty
-
nj property casualty insurance exam set questions
-
why was the commercial insurance deregulation act
-
which policies issued must follow the provisions o
-
when must rate amendments p
