State farm casualty exam Study guides, Class notes & Summaries

To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers atleast 1 The occurence form trigger is based on which of the following? the date where injury and damage occur How are surety bonds different from insurance? Surety bonds guarantee specific duties or obligations will be fulfilled and insurance pays for losses What is the deductible of a personal liability umbrella policy called? The SIR - s...

State Farm Casualty Exam | Questions with Verified Answers| 2023/2024 1. An insured is involved in an auto accident in another state. The state has a financial responsibility law that specifies limits of liability higher than the limits shown on the declarations. What amount will the insured policy pay? ~ Answer: Higher limits 2. A bond is written for a set limit, and the surety will be liable only for this amount of the limit. The limit is know as ~ Answer: Penalty 3....

State Farm Casualty Exam 2023-2024 Questions & Answers (Solved) State Farm Auto Adjuster Certification State Farm Auto Exam State Farm Casualty Exam State Farm Estimatics Exam State Farm Exam State Farm Fire Independent Policy Exam State Farm Management State Farm Property Exam State Farm Vocabulary Exam

State Farm Casualty Exam With 100% Correct And Verified Answers 2024

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers atleast 1 The occurence form trigger is based on which of the following? the date where injury and damage occur How are surety bonds different from insurance? Surety bonds guarantee specific duties or obligations will be fulfilled and insurance pays for losses What is the deductible of a personal liability umbrella policy called? The SIR - s...

State Farm Casualty Exam Questions with correct Answers 2023 Graded A+. To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers - ANSWER-at least 1 The occurrence form trigger is based on which of the following? - ANSWER-the date where injury and damage occur How are surety bonds different from insurance? - ANSWER-Surety bonds guarantee specific duties or obligations will be fulfilled and insuranc...

State Farm Casualty Exam Practice Questions and Correct Answers Graded A+ 2023. What is additional supplementary coverage - ANSWER-additional amount of coverage for specific losses An insured's building has an actual cash value of 200k and he has insured the property for 120k with an 80% coinsurance clause. A 40k loss occurs. How much will the policy pay? - ANSWER-30,000 Inland marine coverage - ANSWER-property insurance for property in transit over land, certain types of moveable propert...