Michigan P & C Insurance Exam Test Questions And Correct Verified Answers

MICHIGAN P & C INSURANCE EXAM TEST
QUESTIONS AND CORRECT VERIFIED
ANSWERS
TerminationA2ofA2InsuranceA2forA2autoA2andA2homeA2mustA2beA2sentA2toA2lastA2knowA2addr
essA2noA2laterA2thanA2-A2Ans--30A2daysA2beforeA2cancellation

TerminationA2ofA2casualtyA2insuranceA2cannotA2takeA2placeA2until-
A2fromA2theA2mailingA2dateA2-A2Ans--10A2days


PIPA2inA2autoA2insuranceA2coversA2individualA2careA2fromA2aA2familyA2memberA2forA2-
A2Ans--aA2limitA2ofA2$20A2aA2dayA2forA2threeA2years


limitedA2collisionA2-A2Ans--
shallA2payA2forA2collisionA2damageA2toA2theA2insuredA2vehicleA2withoutA2aA2deductibleA2am
ountA2whenA2theA2operatorA2ofA2theA2vehicleA2isA2notA2substantiallyA2atA2faultA2inA2theA2acc
identA2fromA2whichA2theA2damageA2arose.

BroadA2fromA2collisionA2-A2Ans--
shallA2payA2forA2collisionA2damageA2toA2theA2insuredA2vehicleA2regardlessA2ofA2fault,A2theA2
deductiblesA2shallA2beA2waivedA2ifA2theA2operatorA2ofA2theA2vehicleA2isA2notA2atA2faultA2inA2t
heA2accident

StandardA2CollisionA2-A2Ans--whichA2hasA2aA2deductibleA2forA2at-faultA2andA2non-
faultA2accidents.

PersonalA2ProtectionA2InsuranceA2(PPI)A2benefitsA2-A2Ans--
payA2upA2toA2$1A2millionA2perA2accidentA2forA2damageA2doneA2toA2propertyA2arisingA2fromA
2theA2ownership,A2operationA2orA2maintenance,A2orA2useA2ofA2motorA2vehicle


20/40/10A2-A2Ans--
MichiganA2limitsA2ofA2autoA2insuranceA2$20,000A2forA2bodilyA2injuryA2orA2deathA2forA2oneA2
accident..
$40,000A2forA2bodilyA2injuryA2orA2deathA2ofA2moreA2thanA2oneA2personA2forA2anyA2oneA2acc
ident...$10,000A2forA2damageA2propertyA2ofA2othersA2forA2anyA2oneA2accident.

NoticeA2ofA2canellationA2ofA2autoA2insuranceA2mustA2beA2mailedA2outA2-A2Ans--
20A2daysA2priorA2toA2theA2cancellationA2date

nonA2OEMA2partsA2-A2Ans--
canA2beA2requestedA2byA2theA2insurerA2onlyA2ifA2theA2insuredA2receivesA2aA2writtenA2estim
ateA2ofA2repairsA2thatA2clearlyA2identifiesA2eachA2non-OEMA2aftermarketA2crashA2part

, uninsuredA2andA2uninsuredA2motoristsA2cannotA2beA2cancelledA2untillA2-A2Ans--
55A2daysA2followingA2theA2originalA2dateA2ofA2issue.

MedicalA2expenses,A2FuneralA2expenses,A2WorkA2loss,A2ReplacementA2services,A2andA2S
urvivor'sA2lossA2areA2allA2coveredA2underA2-A2Ans--
PersonalA2InjuryA2ProtectionA2(PIP)A2underA2autoA2insurance

reimbursesA2employeesA2injuredA2inA2theA2courseA2ofA2andA2arisingA2fromA2theirA2employ
ment.A2ReimbursementA2includesA2lossA2ofA2wages,A2hospitalA2andA2medicalA2expenses,A
2paymentsA2forA2permanentA2andA2partialA2disability,A2andA2paymentsA2toA2dependents.A2
LastA2sicknessA2andA2burialA2expensesA2alsoA2includedA2-A2Ans--
MichinganA2Workers'A2Compensation

WeeklyA2indemnityA2benefitsA2inA2theA2amountA2of___ofA2theA2employee'sA2afterA2taxA2wa
gesA2-A2Ans--80%

InA2workersA2comp....totalA2andA2permanentA2disabilityA2doesA2notA2extendA2beyond___A2f
romA2theA2dateA2ofA2injuryA2-A2Ans--800A2weeks

HO-3A2formsA2-A2Ans--includeA2openA2perilsA2andA2namedA2perils

HO-4A2formsA2-A2Ans--rentersA2policy

HO-5A2formsA2-A2Ans--allA2coveragesA2unlessA2exlcuded

HO-6A2-A2Ans--CondoA2coverage

HO-8A2-A2Ans--
mainlyA2fireA2protection,A2homesA2areA2replacedA2whereA2costA2farA2exceedsA2marketA2val
ue

PropertyA2CoveragesA2onA2aA2HomeownesA2PolicyA2includeA2-A2Ans--A-dwelling,A2B-
otherA2structures,A2C-personalA2injury,A2D-lossA2ofA2use

Riot,A2Explosion,A2Vehicles,A2VolcanicA2Eruption,A2CivilA2Commotion,A2Smoke,A2Hail,A2Air
craft,A2Windstorm,A2(REVVCSHAW)A2areA2-A2Ans--BasicA2perilsA2inA2aA2HO-8

PersonalA2PropertyA2inA2aA2HOA2policyA2includesA2-A2Ans--
10%A2ofA2coverageA2CA2orA2$1,000A2orA2dependentsA2studentsA2atA2college

TheftA2ofA2JewelryA2inA2HOA2policyA2CoverageA2CA2limitA2isA2-A2Ans--$1,500

PropertyA2coverageA2willA2includeA2removalA2ofA2treesA2andA2shrubsA2atA2-A2Ans--
$500A2perA2treeA2andA2$1,000A2forA2allA2fallenA2trees,A2shrubsA2andA2plantsA2forA2debrisA2r
emoval