General lines adjuster - Study guides, Class notes & Summaries

Texas all lines adjuster license commercial general liability chapter 8 already passed Commercial general liability ( CGL) This covers business liability hazards that are not covered under more specialiazed forms of insurance such as auto, marine, workers compensation and others. What are three forms of CGL Professional liability Product liability Premises liability When liability is limited to acts of negligence, professional liability insurance may be called _______ liability "Errors and om...

The General Lines state exam consists of _______ questions with a ______ hour time limit. - Answer-160; 3 For a General Lines License, the applicant the he or she is how man years of age? - Answer-18 When more than 50% of an agent's income comes from business from an agent or their family, this is know as what type of business? - Answer-Controlled business If an agent's license has gone more than 48 months without an appointment he or she must apply once again as what? - Answer-First ...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...

CPCU 552 LATEST EXAM TEST BANK WITH 500 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A (100% CORRECT ANSWERS) GUARANTEED PASS Michael is a general liability claims adjuster for Goshen Mutual. He wants to see if an insured has any endorsements that apply to its general liability policy. Which one of the following sections of the coverage form would provide this information for Michael? Select one: A. Coverages B. Declarations C. Definitions D. Conditions B. Declarations Suz...

B. A general lines agent or a general lines insurance agency CORRECT ANSWER Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insurance agency C. An adjuster D. An insurance company D. After 90 days in Florida CORRECT ANSWER Mr. Smith lives in New Jersey but visits Florida each year. When does he come under the Florida No-Fault system, in any 365-day pe...

Florida 2-20 Agents License Exam Real Questions & Correct Solutions | ALREADY PASSED 1. Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insurance agency C. An adjuster D. An insurance company B. A general lines agent or a general lines insurance agency - ANSWER 2. Mr. Smith lives in New Jersey but visits Florida each year. When does he come under...

Texas All Lines Adjuster 2023 QUESTIONS AND ANSWERS Insurance - CORRECT ANSWERS The transfer of risk. Insured - CORRECT ANSWERS 1ST party. Customer. Person covered by policy. Insurer - CORRECT ANSWERS 2ND party. Insurance company Adjuster - CORRECT ANSWERS Investigates/adjusts claims Licensing age requirement - CORRECT ANSWERS 18 NOT exempt for licensing - CORRECT ANSWERS MBA Expiration date o...

Commercial general liability ( CGL) - Answer- This covers business liability hazards that are not covered under more specialiazed forms of insurance such as auto, marine, workers compensation and others. What are three forms of CGL - Answer- Professional liability Product liability Premises liability When liability is limited to acts of negligence, professional liability insurance may be called _______ liability - Answer- "Errors and omissions" The most common cause of action in a...

Texas all lines adjuster license commercial general liability chapter 8

Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...