Casualty insurance law Study guides, Class notes & Summaries

1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - ANSWER-The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of the following EXCEPT - ANSWER-EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 3 All of the following are to be specified in an insurance policy EXCEPT - ANSWER-EXCEPT the financial rating of the insured...

24 hrs & 3 of those hours ethics - ANSWER-To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER-To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - ANSWER-A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the state within___________ of the fina...

Louisiana Property and Casualty Insurance Law with Complete Solutions Louisiana Property and Casualty Insurance Law with Complete Solutions Louisiana Property and Casualty Insurance Law with Complete Solutions Authorized insurers may choose not to participate in the plan - ANSWER-All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rate - ANSWER-The named insured may cancel a property insurance policy in this state at any time, in which case the insure...

Idaho Property and Casualty Insurance Law Supplement Exam Q&A Latest Update Director examination of insurer at least once every ________ years - 5 Maximum fine of ________ for an individual for each insurance code violation, imprisonment for ________ months or both - $1000, 6 Maximum insurer insurance code fine per violation - $5000 Maximum fine for transacting insurance without a license - $15,000 Lapsed licenses may be reinstated within ________ (months) upon payment of fees an...

Iowa State Law Property & Casualty Insurance Exam Latest Updated

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...

FL Adjusters License Practice Exams 2023 Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. Correct Answer: (B) Written evidence of the agreement and its terms. Assume that five years ago a couple insured their home for [its then appraise...

Insurable interest correct answers Any actual, lawful, and substantial economic interest in the safety or preservation of the property insured free from loss, destruction, or pecuniary damage or impairment. Policy Contents correct answers Parties to the contract; subject of the insurance; risks insured against; policy period; premium; conditions pertaining to the insurance. 120 Days correct answers If an insurer that intends to implement block cancellations or block non renewals of policie...

State Laws Common to Property & Casualty Insurance Exam Questions and AnswersState Laws Common to Property & Casualty Insurance Exam Questions and AnswersState Laws Common to Property & Casualty Insurance Exam Questions and Answers