Work comp insurance - Study guides, Class notes & Summaries

Disability Buy-Out plans feature: - ANSWER Long elimination plans up to two years (A disability buy-out plan funded with disability insurance has a long elimination period of generally two years. The elimination period begins the day of the disability. Then the disability policy will provide a lump sum to buy the disabled partner out. They want to make sure that the partner is not going to recover and come back to work) When MUST the Office of Insurance Regulation conduct a market conduct exa...

Texas All Lines Adjuster exam 2024 with 100% correct answers In order to become a licensed Insurance Adjuster in the state of TX, an individual must be_______________ yrs old. - correct answer 18 The Texas All Lines Adjuster License can only be held by residents of TX? T or F - correct answer False List type of Insurance Adjuster Licenses available in Texas: - correct answer 1. All Lines 2. Work Comp 3. Surety 4. Casualty & Property 5. Public Adjuster The TX All Lines Insurance...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

Texas All Lines Adjuster Exam Questions & Answers 2024/2025 In order to become a licensed Insurance Adjuster in the state of TX, an individual must be_______________ yrs old. - ANSWERS18 The Texas All Lines Adjuster License can only be held by residents of TX? T or F - ANSWERSFalse List type of Insurance Adjuster Licenses available in Texas: - ANSWERS1. All Lines 2. Work Comp 3. Surety 4. Casualty & Property 5. Public Adjuster The TX All Lines Insurance Adjuster License is vali...

Assignment - ANSWER The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) - ANSWER The commercial property policy for larger businesses. Business Income Policy - ANSWER A commercial policy covering the indirect loss of income following a loss. Cancellation - ANSWER Termination of a policy during the policy period. Casualty Insurance - ANSWER A broad term which includes all of the policy types that may...

Texas All-Lines Adjuster course Final Exam Questions With Complete Solutions(100%verified) A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - correct answer...We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of ...

MONTANA CASUALTY LAWS EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS What can casualty licensees sell? - Precise Answer -Liability -Work Comp -Employer's Liability -Crime Insurance -Prepaid legal insurance -Vehicle Insurance Can casualty producers sell Title, Ocean Marine, or Inland Marine? - Precise Answer No! 1896 MT Surety Law - What does surety insurance include? What does it guarantee against? - Precise Answer Surety Includes: -Contract Bonds & Fidelity Bonds Guarantees Ag...

1908 Federal Employees Worker's Comp Act - Answer Provided an alternative to suing companies for work related injuries. 1914 War-Risk Act - Answer Gave the US government the ability to provide insurance to private company ships who were supplying the allies. 1917 Smith-Hughes Act - Answer Made federal money available to states on a matching basis for the purpose of promoting precollegiate vocational education in agricultural & industrial trades and home economics.

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: - Answer All-Lines Jack and Rebecca own...

NJ Accident and Health Producer Practice Exams Latest Update Graded A+ According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT: - if the insured is able to eventually return to work -if the death is suicide or due to a pre existing condition -when the policy is in the incontestability period -for claims involving periodic payments for claims involving periodic payments INSURERS MUST PAY LUMP SUM CLAIMS I...