$5,000 -
ANSWER✅
Fraud Fines
Quiz_________________?
$5,000 for first offence and up to $10,000 for each subsequent violation. -
ANSWER✅
Penalties from the Commiccioner
Quiz_________________?
168 Hours -
ANSWER✅
How many hours for an Earthquake occurrence?
Quiz_________________?
1
, 180 days -
ANSWER✅
How long does a temporary insurance license last?
Quiz_________________?
A federal law giving an applicant for insurance the right to contact a credit reporting agency
doing a credit check and be advised about information that may effect the granting of credit.
-
ANSWER✅
Fair Credit Reporting Act
Quiz_________________?
A provision in an insurance policy requiring the insured to pay a flat amount before the
insurer will make any benefit payments. -
ANSWER✅
Deductible
Quiz_________________?
Accident, including continuous or repeated exposure to the same general harmful
conditions. -
ANSWER✅
Occurence
Quiz_________________?
Added by endorsement -
ANSWER✅
2
, Additional Insured
Quiz_________________?
Additional Living Expense- Included in DP-2 & DP-3 and pays for additional living expenses
the insured incurs after a loss. DP-1 by endorsement. -
ANSWER✅
Dwelling Coverage E
Quiz_________________?
An unforeseen. unintended event. -
ANSWER✅
Accident
Quiz_________________?
Attaches immediately upon the occurrence or loss -
ANSWER✅
Primary Insurance
Quiz_________________?
Basic Form -
ANSWER✅
DP-1
Quiz_________________?
3