Terms in this set (87)
Can the Insurer defer The Insurer may defer adjustment of a covered loss until the
adjustment of a covered actual loss can be determined.
Crop/Hail loss?
Domestic companies must be Every 5 years
examined every how many
years?
, How can an Insured assign their Only by written consent from the Insurer
interest in the policy to another
person in a Crop/Hail policy?
How can an Insured assign their Only on the Insurer's form and with the Insured's approval
right to an indemnity to another
person in a Crop/Hail policy?
How long are producers 4 years
required to maintain a record of
all their CE credits?
How long does the Insurer have 30 days after reaching an agreement with the Insured
to pay a Crop/Hail loss?
How long do MPCI policies Policies are continuous and are in force until cancelled,
remain in effect for? terminated or voided
How many acres does a quarter 160 Acres
section contain?
How many acres does a section 640 acres
contain?
How many CE credits must an 36 credits
Insurance Producer complete
every 3 years?
How many CE credits must be 3 credits
in ethics every 3 years?