NJ Property Insurance Practice Exam Questions with 100% Correct Answers NJ Property Insurance Law Questions with 100% Correct Answers NJ Property/ Casualty Insurance Exam Questions with 100% Correct Answers NJ Property, Casualty, and Auto Licensing Exam Questions with Correct Answers NJ PSI Propert...
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Why was the commercial Insurance Deregulation Act Created? Correct Answer 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? Cor...
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Add to cartWhy was the commercial Insurance Deregulation Act Created? Correct Answer 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? Cor...
Insuring Agreement Correct Answer company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions Correct Answer what the policy will not pay for Definitions Correct Answer names of the persons insured in addition to the named insured are listed h...
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Add to cartInsuring Agreement Correct Answer company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions Correct Answer what the policy will not pay for Definitions Correct Answer names of the persons insured in addition to the named insured are listed h...
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...
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Add to cartThe 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...
When the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? Correct answer doctrine of reasonable expectations Doctrine of reasonable expectations correct answer states: that a policy includes coverages that an average person would reasonably expe...
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Add to cartWhen the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? Correct answer doctrine of reasonable expectations Doctrine of reasonable expectations correct answer states: that a policy includes coverages that an average person would reasonably expe...
Professional liability policies protect against liability resulting from Correct Answer A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 Correct Answer B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 Correct Answer C. Carpools ...
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Add to cartProfessional liability policies protect against liability resulting from Correct Answer A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 Correct Answer B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 Correct Answer C. Carpools ...
What are the nine prohibited trade practices? Correct Answer 1. misrepresentation 2. false advertising 3. defamation 4. rebates 5. false financial statements 6. stock operations & advisory contracts 7. boycott, coercion, intimidation 8. unfair discrimination 9. unfair claim settlement practi...
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Add to cartWhat are the nine prohibited trade practices? Correct Answer 1. misrepresentation 2. false advertising 3. defamation 4. rebates 5. false financial statements 6. stock operations & advisory contracts 7. boycott, coercion, intimidation 8. unfair discrimination 9. unfair claim settlement practi...
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