Nj property and casualty Study guides, Class notes & Summaries

NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by...

NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by...

NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ PROPERTY/ CASUALTY INSURANCE EXAM SET Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before W...

NJ Property, Casualty, And Auto Licensing Exam Question & Correct Answer Insuring Agreement - CORRECT ANSWER-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - CORRECT ANSWER-what the policy will not pay for Definitions - CORRECT ANSWER-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the polic