100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
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)

 4 views  0 purchase
  • 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)

Preview 3 out of 23  pages

  • October 31, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TEXAS PROPERTY AND CASUALTY
  • TEXAS PROPERTY AND CASUALTY
avatar-seller
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

1/8




1 of 23 10/30/2024, 10:15

,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?
2/8




2 of 23 10/30/2024, 10:15

,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




3/8




3 of 23 10/30/2024, 10:15

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseFerian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart