Personal lines Property & Casualty Exam Questions and Answers 100% Pass

Personal lines Property & Casualty Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Chance or Uncertainty of a Loss Peril - Correct Answer ️️ -Possible cause of a loss 2 Years - Correct Answer ️️ -The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years - Correct Answer ️️ -The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 - Correct Answer ️️ -The Commissioner of insurance must provide a __________ surety bond. (A surety bond guarantees performance) $500,000 - Correct Answer ️️ -The Commissioner of insurance requires state fees in excess of _____________ to be submitted by electronic transfer. 15 Days - Correct Answer ️️ -The Commissioner of insurance requires that persons must respond to commissioner inquires within_______ ? 20 Days - Correct Answer ️️ -Response from alleged violator must be within ______ of receipt? 14 Days - Correct Answer ️️ -Department must send notice of violation within _____ of finding? $25,000 - Correct Answer ️️ -Maximum penalty for insurance code violations? 18 Years Old - Correct Answer ️️ -Minimum age for a license? 5 years - Correct Answer ️️ -The waiting period to reapply if license is denied or revoked? 90 Days - Correct Answer ️️ -An Emergency License is valid for up to ___? 90 Days - Correct Answer ️️ -An Emergency license may be renewed an additional ____? 90 Days - Correct Answer ️️ -A temporary license is valid for up to ___? 2 years - Correct Answer ️️ -Business entity agent licenses are renewed every ______ after the license is issued? 1 Year - Correct Answer ️️ -If the license is expired for more than _______ all requirements for a new license (including the exam) must be met? 90 Days - Correct Answer ️️ -If a license has been expires for _________ or less, it may be renewed by paying the renewal fee plus a 50% penalty. 90 Days - Correct Answer ️️ -A license expired more than ______ but less than one year cannot be renewed; a new license maybe issued with no exam upon payment of license fee & penalty fee? Monthly Basis - Correct Answer ️️ -Change in address, felony convictions, or administrative actions must be reported to the commissioner on a __________? 24 Hours - Correct Answer ️️ -Total continuing education requirements? 2 Hours - Correct Answer ️️ -Ethics & consumer protection continuing education requirement? 3 hours - Correct Answer ️️ -Flood insurance requires _____ certification course? 4 years - Correct Answer ️️ -Continuing education records must b