NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT 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? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before What losses are excluded from flood insurance? - CORRECT ANSWER --Landslides -Sewer backup -Windblown Rain -Snow -Sleet Who administers the NFIP? - CORRECT ANSWER -Federal Insurance Administration (FIA) What does the NFIP stand for? - CORRECT ANSWER -National Flood Insurance Program Why was the National Flood insurance Program constructed? - CORRECT ANSWER -to fill in gaps of flood coverage by the private sector
École, étude et sujet
- Établissement
- Nj property and casualty
- Cours
- Nj property and casualty
Infos sur le Document
- Publié le
- 24 mai 2024
- Nombre de pages
- 56
- Écrit en
- 2023/2024
- Type
- Examen
- Contient
- Questions et réponses
Sujets
-
nj property casualty insurance exam set