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Michigan Personal Lines Ins Questions And Answers With Verified Solutions Already Passed!!! (GRADED A+) $13.49   Add to cart
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Michigan Personal Lines Ins Questions And Answers With Verified Solutions Already Passed!!! (GRADED A+)
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Michigan Personal Lines Ins Questions And Answers With Verified Solutions Already Passed!!! (GRADED A+)

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  • October 2, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • how
  • michigan personal lines ins questions and answers
  • how much is the fine for accepting a rebate
  • how much is the fine for each violation of inducem
  • what percentage does the insurer have to pay of cl

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  • Personal lines
  • Personal lines

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Michigan Personal Lines Ins Questions
And Answers With Verified Solutions
Already Passed!!! (GRADED A+)
How much is the fine for accepting a rebate? - ANSWERS✔✔100.00


How much is the fine for each violation of inducement? - ANSWERS✔✔100.00


What percentage does the insurer have to pay of claims not paid on a timely basis?
- ANSWERS✔✔12


How much time does an insurer have to satisfy a proof of loss? -
ANSWERS✔✔30 days


How much time does an insurer have to pay a health claim? - ANSWERS✔✔45
days


How much time does a health insurer have to fix a claim? - ANSWERS✔✔45 days


How much is the fine for violation of health claims? - ANSWERS✔✔1-10,000


The Michigan Property and Casualty Guaranty Assc covers losses within what
period of time of receivership? - ANSWERS✔✔30 days


No coverage is provided after refunds of how much of unearned premium? -
ANSWERS✔✔500.00

, The Michigan Property and Casualty Guaranty Assc will cover all claims in excess
of how much? - ANSWERS✔✔10.00


For a fire policy, the minimum earned premium is the greater of how much or a pro
rata premium? - ANSWERS✔✔25.00


How much notice does the insurer need to give the insuree before cancellation? -
ANSWERS✔✔30 days


How much notice needs to be given within the 55 days of policy issuance of the
day of mailing? - ANSWERS✔✔20 days


Casualty insurance cancellation must be mailed in at least what time frame before
cancellation? - ANSWERS✔✔10 days


When can action be taken at the time of loss? - ANSWERS✔✔2 years


What is the maximum death benefit for a PIP? - ANSWERS✔✔5,000


What is the maximum percentage of income lost? - ANSWERS✔✔85


How much per day for loss of essential services? - ANSWERS✔✔20


What is the maximum PIP deductible? - ANSWERS✔✔300

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