Property and Casualty Insurance - 113 Final Exam Questions with 100% Correct Answers | Verified | Updated

An unlicensed employee of an insurance agency may perform all of the following EXCEPT: - ️️A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: - ️️A) 10 days B) 20 days C) 25 days •• D) 30 days A Temporary License may be issued to approved individuals for a period of: - ️️A) Twelve Months B) Nine Months •• C) 90 days with extensions up to 180 days D) 30 days Contribution by Equal Shares: - ️️A) Is applicable in Workers Compensation B) Is excess over primary coverage C) Prorates coverage between all policies equally •• D) Is a form of proportional coverage in which losses are paid equally by all policies until one policy is exhausted, whereby the other policy pays alone