Surplus lines - Study guides, Class notes & Summaries

Louisiana Property and Casualty Exam Questions and Answers Already Passed Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify Any of the insurers providing coverage. The policy conditions define How parties to the contract must act following a loss. Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT ...

WA Surplus Lines - Property Terms Part 1 Questions And Answers Abandonment Clause - ANS A clause in fire insurance policies and other property forms that prohibits the insured from abandoning partially damaged property to the insurer in order to claim a total loss Account Premium Modification Plan - ANS A rating plan for Fire, Property Damage and Time Element coverages. The maximum credit or surcharge is 25%, and it is available to risks which develop a three-year premium of at le...

WA Surplus Lines - Property Terms Part 1 Exam Questions and Answers

RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved Stock Insurer Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London Specialized lines of business. Brokers represent policyholders to arrange coverage wit...

The Florida Surplus Service Lines Office (FSLSO) was created to - Answer- oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - Answer- Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: - Answer- Pays insurance claims Once license, you have how long to obtain an appointment? - Answer- 48 months Which of the following is NOT a duty of t...

WA Surplus Lines Broker Exam Questions And Answers Graded A+ | Complete Solutions

(1)Surplus Lines premiums typically expand during: A) A soft Market B) A Hard Market - A Hard Market. Surplus lines premiums typically expand during a hard market. (2) During the time of a hard market, insurers will: A) Tighten their underwriting standards B) Loosen their underwriting standards - A) Tighten their underwriting standards. Tighten and raise premiums. (3) A Ceding company (Choose all that apply): A) Is a primary insurer B) Is also a reinsurer C) Is always also a captive c...

Mississippi Insurance Test Questions and Answers 100% Pass The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following...

DSC2605 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (225272) - DUE 12 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Assignment 2 DSC2605/103/1/2024 Part 1: Representation of LP models Question 1 [15] Consider the following mathematical programming model: Minimise z = −x 1 − x 2 − x 3 subject to −x 2 + x 3 ≥ −1 x3 x 1 +x 2 + x 3 ≤ 0, 1 x1 = x 3 − 3 x2 − ...