Exam (elaborations)
TENNESSEE STATE PROPERTY AND CASUALTY LICENSING EXAM
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TENNESSEE STATE PROPERTY AND CASUALTY LICENSING EXAM
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TENNESSEE STATE PROPERTY AND CASUALTYLICENSING EXAM
10 days notice - Answers-Failure to Pay premium
90 - Answers-Every propert insurance agent, within _____ days after writing any
contract of fire insurance on any building in Tennessee, must personally inspect the
property or cause it to be inspected
10 & 20 - Answers-On personal Risk insurance, notice of cancelation must be ____ for
nonpayment, and ______ for policies over 60 days old
Any reason - Answers-Commercial risk insurance may be cancelled by the insurer
during the first 60 days of coverage when the risk is initially insured for what reason
Commercial liability and property coverage - Answers-Commercial risk insurance is
10 & 60 - Answers-Cancellation for cause of a commercial risk policy requires ____ day
notice & must state grounds for cancellation being rules upon; while nonrenewal
requires ____ days notice for both nonrenweal and when rates are increased more than
25%
3 - Answers-Any driver over 55 years old may have their premiums reduced for ____
years for completing an ____ hour course on accident prevention.
Private - Answers-These worker groups are exempt from workers comp except
A) Farm
B) Independent Contractors
C) Public
D) Private
Workers Comp - Answers-All of the following are lines of insurance except:
A) Property
B) Personal Lines
C) Casualty
D) Workers Comp
Insurer - Answers-a producer represents:
4 - Answers-The commissioner is apointed for a ____ year term
20 - Answers-Pre-licensing hours required for each line of insurance(life, health,
property, casualty, etc)
County Mutual fire - Answers-a limited insurance producer is:
, $1,000 - Answers-the commissioner of insurance may fine a producer a minimum of
$100, up to $_____ for each insurance code violation
help personally liable - Answers-A producer doing busines with an unauthorized insurer
will be:
Controlled Business - Answers-personal business written on the agents family or
emplyer
Business partner - Answers-A temporary insurance to all except:
A)Spouse
B)Business partner
C)employee of insurer
D)child
Which is the Broadest
HO-2
HO-3
HO-4
HO-5 - Answers-HO-5
HO-8 - Answers-Covers older homes that exceed market value
Liability - Answers-Section II on H.O.
72 Hours - Answers-Typical waiting period for business income
replacement coverage - Answers-how you are reimbursed on eqipment breakdown
$250,000 - Answers-Maximum coverage fo building on flood insurance
$100,000 - Answers-Maximum coverage for contents on flood insurance
FIA(Federal Insurance admin.) - Answers-Who sets the rates for flood insurance
$500, $750 - Answers-Flood insurance deductible
3 hours - Answers-Prestudy required to sell flood insurance
Single Family Dwelling - Answers-What qualifies for replacement costs on flood
insurance
60 units, 6 stories - Answers-Maximum size and units on B.O.P. Policy
$2250 Laptop - Answers-Fully covered item taken in burglary from your H.O.
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