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A cancellation provision setting out the manner in which policies may be canceled must be included in all policies except:
A commercial general liability policy has an aggregate limit of $750,000 and a per occurrence limit of $200,000. There are two claims filed with payments of $150,000, and $100,000. How much of the aggregate limit is left?
A license can be revoked for how many years?
A license can be suspended for how many years?
A producer’s license can be suspended or revoked for all of the following except?
All of the following are required qualifications to become an insurance producer EXCEPT?
All of the following come under the definition of personal vehicles except:
All of the following statements about Comprehensive coverage are true except:
All of the following statements regarding Workers’ Compensation are true except __.
An insurance producer is considered to be financing insurance premiums if __.
An insurer canceling a policy for non-payment of premium must mail notice of cancellation within how many days of the cancellation?
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:
Commercial general liability policy has two forms and they are:
Cost Sharing 1
Employee dishonesty would be covered under which of the following:
Forcible entry into a locked premises and taking the property of another is called?
Hearings and investigations may be conducted by either the Director or which of the following?
How many classroom hours must be completed to fulfill the Ethics requirement prior to renewing your license?
How many hours of classroom are required for Casualty licensing?
If a producer’s license has been suspended or revoked he/she must do the following:
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?
Ken’s car is in the shop for repairs and he rents a car while repairs are being made. This substitute car is referred to as:
Medical Payments are designed to cover which of the following?
Part B of the PAP (Personal Auto Policy) deals with?
Physical Damage applies to all of the following except__.
Premises and Operations liability provide coverage for:
Product liability would include __?
Replacement cost less depreciation is called?
Someone breaks down the door to a store and steals merchandise. This relates to the loss due to a (an) __.
Teri has an automobile policy with a combined single limit of $500,000. She has an accident involving two other cars and she is at fault. The court awards the following: Claimant #1 $300,000 Bodily Injury, $25,000 Property Damage; Claimant #2 $200,000 Bodily Injury, $25,000 Property Damage. Which of the Following amounts will Teri’s insurer pay?
The Director of Insurance has the authority to?
The personal auto policy would cover which of the following?
The process used by insurance companies to determine whether or not to offer insurance is called?
The second injury fund pays __.
This type of bond provides coverage for the employer against the dishonesty of an employee for a state dollar amount.
This type of liability coverage protects a business against bodily injury or property damage claims due to a faulty product.
Under a personal articles floater, the insured has insured a pair of dueling pistols for $1,000. One of those pistols is destroyed in a covered loss. The remaining pistol is worth $300 and insurer takes possession. What will the insurance company pay?
Under the definition of contractual liability, which of the following would not be considered an “insured contract” (oral or written)?
When the insured cancels the policy, the following will occur:
Which of the following acts would be rebating?
Which of the following businesses would be eligible for a Business Owners Policy (BOP)?
Which of the following entity is exempted from having to have a license to finance insurance premiums?
Which of the following exposures apply to property damage away from the insured’s location and at the customer’s home when the television is the source of fire in the home?
Which of the following individuals would be considered an insured under a Commercial General Liability policy?
Which of the following is NOT a characteristic of insurable risk?
Which of the following is true about dividends of a mutual insurer?
Which of the following is untrue regarding the Guaranty Fund?
Which of the following penalties could be charged to a Producer who has misappropriated $500 of premiums?
Which of the following statements define “Bodily Injury”?
Which of the following statements is untrue regarding termination of a producer’s contract with an insurer?
Which of the following statements is untrue?
Which of the following statements regarding Surplus lines is true?
Which of the following statements regarding Uninsured Motorist is untrue?
Which of the following statements regarding Workers’ Compensation is untrue?
Which of the following vehicles would not be covered by a personal auto policy?
Which of the following would be a foreign insurer?
Which of the following would be alien insurer?
Which of the following would not be considered an employee for liability?
What is the date?