Casualty Idaho Questions and Answers 100% Accurate!!

The minimum limits of a basic automobile liability insurance required by the state of Idaho is: - ANSWER-25/50/15 A violation of unfair insurance claims practices will result in which of the following fine amounts? - ANSWER-$10,000 A violation of a cease and desist order will result in a monetary penalty of: - ANSWER-$5000 The purpose of the Idaho Automobile Insurance Plan is: - ANSWER-Providing the guarantee that automobile insurance coverage will be available to any person who is unable to procure that insurance through ordinary methods Which of the following would be considered an Unfair Insurance Trade Practice in Idaho? - ANSWER-Promising to lend money to the client if they purchase insurance through a specific carrier In Idaho, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium - ANSWER-10 days An insurer wishing to appoint a producer must request the appointment within_______ of the execution of the agent's contract or the submission of the first application for insurance by the agent. - ANSWER-15 days The purpose of the Idaho Property & Casualty Insurance Guaranty Fund is to - ANSWER-pay the claims of insolvent member insurers. In order to cancel a Property insurance policy, an insurer must give the insured a ______ advance notice - ANSWER-30 days Which of the following is NOT required to be licensed in the State of Idaho? - ANSWER-A person helping enroll a group benefit program. Licenses for a business entity renew every ___ years. - ANSWER-2