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Texas Statutes- Rules (Property & Casualty Insurance) Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) $12.99   Add to cart

Exam (elaborations)

Texas Statutes- Rules (Property & Casualty Insurance) Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)

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  • Course
  • TEXAS PROPERTY AND CASUALTY
  • Institution
  • TEXAS PROPERTY AND CASUALTY

Texas Statutes- Rules (Property & Casualty Insurance) Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)

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  • October 31, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TEXAS PROPERTY AND CASUALTY
  • TEXAS PROPERTY AND CASUALTY
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NurseFerian
Texas Statutes- Rules (Property & Casualty Insurance).pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Statut




Texas Statutes- Rules (Property & Casualty

Insurance) Questions & Answers


1. the amount of the death benefit is equal to % of the employee's average

weekly wage

Answer 75%



2. which of the following statements is INCORRECT with regard to surplus

lines insurance?

A) polices written by a surplus lines insurer typically contain standard cover-

ages and forms

B) to sell surplus lines insurance, the license must obtain a surplus lines

broker's license

C) before coverage is placed with a surplus lines company, diligent effort mustbe

made to place the risk with admitted insurers

D) business placed with a surplus lines insurer is subject to a premium tax

that must be collected by the broker

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,Texas Statutes- Rules (Property & Casualty Insurance).pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Statut




Answer policies written by a surplus lines insurertypically contain standard

coverages and forms



3. an insured under a HO policy who has filed two or more claims in the

preceding policy year may be

A) surcharged on the premium amount

B) non renewed

C) cancelled

D) none of the above

Answer surcharged on the premium amount



4. Ann insured who has filed 3 or more claims may be

A) surcharged on the premium amount

B) non renwed

C) canceled

D) none of the above

Answer nonrenewed



5. what type of insurance can be obtained through a surplus lines insurer?
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,Texas Statutes- Rules (Property & Casualty Insurance).pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Statut




A) coverage that is unavailable through authorized insurers

B) out-of-state coverage

C) commercial coverage

D) coverage that provides dividends

Answer coverage that is unavailable through autho-rized insurers



6. are unauthorized insurers.The permitted types of transactions are

usually limited to insurance that is difficult to place, or insurance that is not

readily available through an authorized insurer in the state.

Answer Excess/ or Surpluslines insurers



7. an insurer cannont cancel a HO policy if It has been in effect for days

or more except for the following reasons....( failure of insured to pay the

premium when due, increase in hazard that is within control of the insured that

would produce an increase in the premium rate of policy, insured submits a

fraudulent claim; or department determines that the continuation of the policy




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