PROPERTY AND CASUALTY INSURANCE
EXAM PAPER 2026 TEST QUESTIONS AND
SOLUTIONS
• Essential Insurance Act: Notice of rating system. Answer: -Insurer
will send notice at least annually describing rating classification for
premiums on policy and how policyholder can appeal current rates
affecting policy in question.
• Essential Insurance act: Disputes between insured and insured.
Answer: -If a person has been denied auto or homeowners coverage,
he can demand conference with insurer
-Insurer must comply within 30 days or matter may be determined
by Commissioner.
• Essential Insurance Act: Grievance Procedure. Answer: A person or
organization that doesn't agree with a filing may make a written
appeal to Commissioner for hearing.
• Essential Insurance Act: Termination of Insurance 30 Day. Answer:
30 Days termination notice is required, except for nonpayment of
premium (the notice must specify cancellation date and reason)
• Essential Insurance Act: Termination of insurance 20 Day. Answer:
Required for canellations sent within the first 55 days of policy
issuance
, • Essential Insurance Act: Termination of Insurance 10 Day. Answer:
Required for casualty insurance
• Essential Insurance Act: Casualty Insurance Termination. Answer:
Casualty insurance may be canceled at any time by the insured and
the premium will be refunded by a pro rata business.
• Essential Insurance: Producer Duties. Answer: -Provide a quote for
the type of coverage requested by a qualified applicant.
-Tell a qualified applicant the number of insurers the producer
represents and provide additional quotes up request
-Supply a statement at auto renewal which explains insurance point
system.
• Essential Insurance: Insurance Declined. Answer: -Producer and
ompanty are responsible for telling exact reason for declination.
• Essential Insurance Act- Homeowners Insurance: Eligible Person.
Answer: -Person who lives in, rents or owns a house, condo,
cooperage unit, room or apartment in Michigan.
• Essential Insurance Act- Homeowners Insurance: Who is
ineligible?. Answer: -Persons who in the last five years who have
been convicted of:
Arson or conspiracy to commit arson
EXAM PAPER 2026 TEST QUESTIONS AND
SOLUTIONS
• Essential Insurance Act: Notice of rating system. Answer: -Insurer
will send notice at least annually describing rating classification for
premiums on policy and how policyholder can appeal current rates
affecting policy in question.
• Essential Insurance act: Disputes between insured and insured.
Answer: -If a person has been denied auto or homeowners coverage,
he can demand conference with insurer
-Insurer must comply within 30 days or matter may be determined
by Commissioner.
• Essential Insurance Act: Grievance Procedure. Answer: A person or
organization that doesn't agree with a filing may make a written
appeal to Commissioner for hearing.
• Essential Insurance Act: Termination of Insurance 30 Day. Answer:
30 Days termination notice is required, except for nonpayment of
premium (the notice must specify cancellation date and reason)
• Essential Insurance Act: Termination of insurance 20 Day. Answer:
Required for canellations sent within the first 55 days of policy
issuance
, • Essential Insurance Act: Termination of Insurance 10 Day. Answer:
Required for casualty insurance
• Essential Insurance Act: Casualty Insurance Termination. Answer:
Casualty insurance may be canceled at any time by the insured and
the premium will be refunded by a pro rata business.
• Essential Insurance: Producer Duties. Answer: -Provide a quote for
the type of coverage requested by a qualified applicant.
-Tell a qualified applicant the number of insurers the producer
represents and provide additional quotes up request
-Supply a statement at auto renewal which explains insurance point
system.
• Essential Insurance: Insurance Declined. Answer: -Producer and
ompanty are responsible for telling exact reason for declination.
• Essential Insurance Act- Homeowners Insurance: Eligible Person.
Answer: -Person who lives in, rents or owns a house, condo,
cooperage unit, room or apartment in Michigan.
• Essential Insurance Act- Homeowners Insurance: Who is
ineligible?. Answer: -Persons who in the last five years who have
been convicted of:
Arson or conspiracy to commit arson
