Crop hail insurance - Study guides, Class notes & Summaries

NJ P&C Insurance Exam With 100% Correct Answers 2023. A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? $10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? Replacement Cost Which of the following is false regarding the Building and Personal Property Covera...

"Practicing Insurance" Without a License - 1) A producer or adjuster, with a suspended or revoked license, who continues to "practice insurance" (transact insurance) after losing his/her license due to a violation of the insurance code is subject to a felony and the following criminal penalties: -Civil fine imposed by a Court of Law (Not the OID) up to $5000 and/or jailed from 1 to 5 years. 2) A person never licensed as a producer or adjuster who "practice insurance" (transact insuranc...

All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - correct answer2) variable life insurance What term best describes the act of withholding material information that would be crucial to an underwriting decision? 1) concealment 2) withholding 3) leading 4) breach of warranty - correct answer1) concealment Johanna purchased a National Flood Insurance policy 10 days after her com...

A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? - correct answer $10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? - correct answer Replacement Cost Which of the following is false regarding the Building and Personal Property Coverage Form? - corre...

NJ P&C Insurance Exam Questions with Verified Answers (Graded A) A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? - ANSWER$10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? - ANSWERReplacement Cost Which of the following is false regarding the Building ...

Unit 21: Kentucky Laws an Regulations Pertaining to Property and Casualty Insurance Department - correct answer Department of Insurance in Kentucky Commissioner - correct answer Commissioner of the Kentucky Department of Insurance Crop Insurance - correct answer Insurance provided by the private insurance market protecting against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease, or other yield-reducing conditions or perils, ...

BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premise is being repaired or rebuilt. When property is moved to newly acquire...

What is required for insurance applicants for an insurer who are required to pass a written exam? complete a pre-licensing course of study, pass a background check, obtain license What is correct about the life and health guaranty association? it is to protect policyholders when an insurance company becomes insolvent. Brainpower Read More Moving from one state to another, a producer must file a change of address within how many days? 30 days Which of the following acts by a...

Unit 21: Kentucky Laws an Regulations Pertaining to Property and Casualty InsuranceDepartment - correct answer Department of Insurance in Kentucky Commissioner - correct answer Commissioner of the Kentucky Department of Insurance Crop Insurance - correct answer Insurance provided by the private insurance market protecting against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease, or other yield-reducing conditions or perils, or...

All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - ANSWERS2) variable life insurance What term best describes the act of withholding material information that would be crucial to an underwriting decision? 1) concealment 2) withholding 3) leading 4) breach of warranty - ANSWERS1) concealment Johanna purchased a National Flood Insurance policy 10 days after her community entered...