all of the following items contained in a basement
if a commercial insurer fails to meet the requirem
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Pearson VUE: Casualty Insurance Practice
Pearson VUE: Casualty Insurance Practice
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STUDY
THIS:
Property
Insurance
Test
PearsonVue
(LAW)
In
this
state,
a
domestic
insurer
is
defined
as
a
company
that:
A.
Operates
in
this
state
but
is
incorporated
in
another
state
B.
operates
in
this
state
but
is
domiciled
in
another
state
C.
is
headquartered
in
this
state
D.
is
incorporated
in
this
state
-
ANS
D.
is
incorporated
in
this
state
The
Insurance
Commissioner
may
issue
a
limited
insurance
representative
license
to
an
individual
who
wants
to
sell
which
of
the
following
types
of
policies?
A.
Fire
B.
Automobile
C.
Mortgage
Guaranty
D.
Health
-
ANS
C.
Mortgage
Guaranty
Upon
determining
that
a
producer
has
violated
the
insurance
law,
the
Insurance
Commissioner
is
required
to
take
which
of
the
following
actions?
A.
Place
the
licensee
on
probation
immediately
B.
Publish
notice
of
the
violation
C.
Hold
a
hearing
on
the
infraction
D.
Submit
the
infraction
to
the
Department
of
Insurance
for
review
-
ANS
C.
Hold
a
hearing
on
the
infraction
An
insurer
that
intends
to
nonrenew
a
Homeowners
policy
MUST
take
which
of
the
following
actions?
A.
Obtain
coverage
for
the
policyholder
from
another
insurer
B.
Obtain
coverage
for
the
policyholder
under
the
FAIR
Plan
C.
Send
a
nonrenewal
notice
to
the
Commissioner
of
Insurance
thirty
days
prior
to
the
policy
expiration
date
D.
Send
a
notice
stating
the
reason
for
nonrenewal
to
the
insured
-
ANS
D.
Send
a
notice
stating
the
reason
for
nonrenewal
to
the
insured
All
of
the
following
items
contained
in
a
basement
are
covered
under
the
standard
flood
insurance
policy
EXCEPT: A.
drywall
for
walls
and
ceilings
and
the
cost
of
labor
to
nail
it,
unfinished
and
unfloated
and
not
taped
to
the
framing
B.
functioning
electrical
outlets
and
switches
C.
carpet
permanently
installed
over
unfinished
flooring
D.
fuel
tanks,
if
installed
in
their
functioning
locations
and
connected
to
a
power
sources
-
ANS
C.
carpet
permanently
installed
over
unfinished
flooring
If
a
commercial
insurer
fails
to
meet
the
requirements
of
the
forty-five
days
Notice
of
Nonrenewal
Rule
prior
to
the
expiration
date
of
the
existing
policy,
the
company
MUST
A.
extend
the
current
policy
for
one
year
and
waive
the
premium
B.
reduce
coverage
to
develop
a
new
premium
that
does
not
exceed
the
expiring
policy's
premium
C.
provide
a
renewal
policy
that
matches
the
expiring
policy's
coverages
and
premium
D.
pay
a
$3,000
fine
per
violation
to
the
Division
of
Insurance
-
ANS
C.
provide
a
renewal
policy
that
matches
the
expiring
policy's
coverages
and
premium
재계약기간
(
계약만료일
)
45
일
전
통보
하지않았을
경우
기존
계약과
같은조건의
상품을
제공해야함
Which
of
the
following
persons
may
assign
a
Standard
Fire
policy?
A.
A
claims
adjuster
B.
The
Superintendent
of
Insurance
C.
The
insured
with
the
permission
of
the
insurance
company
D.
The
insured
only
-
ANS
C.
The
insured
with
the
permission
of
the
insurance
company
The
Insurance
Commissioner
may
suspend,
revoke,
or
deny
a
producer's
license
for
all
of
the
following
reasons
EXCEPT:
A.
Untrue
statements
on
the
license
application
B.
Conviction
of
a
misdemeanor
C.
Incompetency
D.
Coverting
funds
-
ANS
B.
Conviction
of
a
misdemeanor
An
insurer
that
generally
fails
to
affirm
or
deny
coverage
of
claims
within
a
reasonable
period
of
time
after
receiving
Proof
of
Loss
may
be
found
guilty
of:
A.
a
breach
of
fiduciary
responsibility
B.
an
improper
claims
practice
C.
defamation
D.
misrepresentation
-
ANS
B.
an
improper
claims
practice
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