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All of the following are required qualifications to become an insurance producer EXCEPT?
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A license can be suspended for how many years?
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Medical Payments are designed to cover which of the following?
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Charles carries a automobile policy with Company A with a single liability amount of $50,000.He borrows his neighbor’s car that has a policy with Company B with a single limit of liability in the amount of $150,000. He is involved in an accident that was his fault in which judgment of $150,000 was rendered against him. The loss will be paid in which of the following:
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Ken has an automobile policy with combined single limit of $50,000. He has an “at fault” accident and incurs the following expenses: $30,000 Bodily Injury to persons in the other car, $30,000 property Damage to the other car, $5,000 damage to a traffic light, $6,000 attorney’s fee, $300 premium for an appeal bond, $75 for a bail bond for related traffic violations. Which of the following is the maximum amount his insurer will pay?
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