Nj property Study guides, Class notes & Summaries

NJ Property Producer Exam with Certified Solutions Dwelling Policy Only insures property DP-1 Basic Form DP-2 Broad Form DP-3 Special Form Dwelling Coverage A Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C Personal Property- Covers the insured's personal property and must be requested. If rental pr...

NJ Property Producer License Questions and Answers Rated A+ A "certification of license status" report can be run on any currently licensed New Jersey producer, but can only contain information on formal disciplinary actions taken within the past 4 Years What is not an additional cause of loss in broad form commercial property policies Replacement Cost An installation floater is used to insure Appliances intended to become a permanent part of the building. The list of lines of...

NJ Property/ Casualty Insurance Exam Set (2024) Latest Questions With Complete Solutions.

NJ Property, Casualty, and Auto Licensing Exam Latest Version Graded A+ Insuring Agreement company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions what the policy will not pay for Definitions names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage coverages under a policy that are provided by the insurer at no extra cost Casua...

NJ PROPERTY PRODUCER LATEST UPDATE GRADED A+ Declarations Section of an insurance policy containing the basic underwriting information such as the insured's name, address, amount of coverage and premiums, and a description of insured's location. Where is Declarations page found? Usually first page. Insuring Agreement Section of an insurance policy containing the insurer's promise to pay. What does the insuring agreement list? Insuring agreement lists the parties to the contra...

NJ Property/ Casualty Insurance Exam Set With 100% Correct Answers 2023. Why was the commercial Insurance Deregulation Act Created? 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? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are excluded from f...

NJ PROPERTY/ CASUALTY INSURANCE EXAM 350 QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY A GRADED WITH EXPERT FEEDBACK TOP RATED VERSION FOR |NEW!!{REVISED}

NJ Property/ Casualty Insurance Exam Set Questions and Answers Already Passed Why was the commercial Insurance Deregulation Act Created? 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? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are e...

NJ Tax Assessors Exam - Terms and Concepts Question and answers 100% correct 2023/2024 What are the three basic requirements of the assessor? - correct answer Discovery, listing, and valuation To find effective tax rate multiply the tax rate by ____? - correct answer Assessment level The six basic rights associated with property are ______? - correct answer Sell, lease/rent, use, give away, enter or leave, refusal to do any of the above What are the three major classifications of proper...

NJ PROPERTY AND CASUALTY EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024. Which of the following is NOT an unfair claims practice? - Correct Answer-A- Refusing to pay a claim without investigating it B-Failing to affirm or deny coverage of claims within a reasonable time after proof of loss C-Promptly acknowledging communications pertinent to a claim D-Misrepresenting pertinent policy facts or provisions to claimants C- Promptly acknowledging communications pertinent to a claim is require...