State Farm Casualty Exam Questions with Correct Answers

State Farm Casualty Exam Questions with Correct Answers To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers atleast 1 The occurence form trigger is based on which of the following? the date where injury and damage occur How are surety bonds different from insurance? Surety bonds guarantee specific duties or obligations will be fulfilled and insurance pays for losses What is the deductible of a personal liability umbrella policy called? The SIR - self insured retention What is self insured retention SIR is an initial part of a loss the insured pays before the umbrella pays if no other policy covers the loss Which of the following is a common exclusion found in part D coverage for damage to your auto of a PAP? mechanical breakdown