MI Property & Casualty Exam - Michigan-Specific
Regulations and Laws fully solved graded A+
passed
1. What organization was established to
The Michigan Property and
protect in- sureds against financial loss
Ca- sualty Guaranty
because of insur- ance company
Association (MPC- GA)
insolvency?
2. Which insurers authorized to sell All insurers except life and
health.
insurance are required to be members
of the association?
3. True/False: Claims covered by the MPCGA True
must be from insurance policies issued or
payable to Michigan residents.
4. The MPCGA will cover a claim if it is Unpaid
by
an insolvent insurer.
5. True/False: The MPCGA will cover a claim present- False; only claims
presented be-
ed after the fixed filing date. fore the fixed filing date are cov-
ered.
6. For a claim to be covered by the MPCGA, 30
it must have existed before or have been
incurred within
days of the appointment of the receiver.
True
7. True/False: Health and Life Insurance
claims are not covered by the MPCGA.
False; only claims filed while the
8. True/False: Claims from policies issued
after the
1/
14
, MI Property & Casualty Exam - Michigan-Specific
Regulations and Laws fully solved graded A+
passed
last date the insurer was a member of the MPCGA insurance company
is a member
are covered. (before the last day it was a
mem- ber) are covered.
9. The MPCGA will not cover refunds of $50; $500
unearned premium less than or
greater than .
10. 1%
2/
14
Regulations and Laws fully solved graded A+
passed
1. What organization was established to
The Michigan Property and
protect in- sureds against financial loss
Ca- sualty Guaranty
because of insur- ance company
Association (MPC- GA)
insolvency?
2. Which insurers authorized to sell All insurers except life and
health.
insurance are required to be members
of the association?
3. True/False: Claims covered by the MPCGA True
must be from insurance policies issued or
payable to Michigan residents.
4. The MPCGA will cover a claim if it is Unpaid
by
an insolvent insurer.
5. True/False: The MPCGA will cover a claim present- False; only claims
presented be-
ed after the fixed filing date. fore the fixed filing date are cov-
ered.
6. For a claim to be covered by the MPCGA, 30
it must have existed before or have been
incurred within
days of the appointment of the receiver.
True
7. True/False: Health and Life Insurance
claims are not covered by the MPCGA.
False; only claims filed while the
8. True/False: Claims from policies issued
after the
1/
14
, MI Property & Casualty Exam - Michigan-Specific
Regulations and Laws fully solved graded A+
passed
last date the insurer was a member of the MPCGA insurance company
is a member
are covered. (before the last day it was a
mem- ber) are covered.
9. The MPCGA will not cover refunds of $50; $500
unearned premium less than or
greater than .
10. 1%
2/
14
