Cic personal lines - Study guides, Class notes & Summaries

CIC - PERSONAL LINES ASSESSMENT TEST QUESTIONS AND ANSWERS

All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - CORRECT ANSWER-Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - CORRECT ANSWER-A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who is able to transact coverage for all the following EXCEPT - CORRECT AN...

PSI EXAM PROPERTY AND CASUALTY QUESTIONS WITH COMPLETE SOLUTIONS All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who is able to transact coverage for all th...

P+C practice test questions and answers 100% score Which type of protection can a casualty licensee offer in addition to protecting against loss or damage of property? - Correct Answer ️️ -They can provide coverage to protect against legal liability. The Managing General Agent negotiates and binds ceding insurance on behalf of whom? - Correct Answer ️️ -The insurer Who is able to place business through the California Automobile Assessed Risk Program? - Correct Answer ️️ -only ...

CIC - PERSONAL LINES – STUDY GUIDE EXAM QUESTIONS AND ANSWERS

Homeowners "Insured" - - You - Residents who are: a) Relatives b) <21 and in your care -Full time student: a) <24 and relative b) <21 and in your care Coverage B - What's Covered? - Other Structures - Things on residence premises not attached to building, or connected only by fence, wire, wall - Not for business use - Not rented,unless only as a garage Perils Not Insured by HO-3 for A and B - - Collapse - Freezing of plumbing, due to neglect - Freezing/weight of water on...

CIC - Agency Management 2024 with Correct Solutions Budget Considerations for growing an agency and doing a needs assessment - Answer --the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the best time for employees to join the agency An agency uses its value statement to accomplish several goals - Answer -1. Communicate the agency's core pr...

affidavit a written declaration made under oath before a notary public or other authorized officer appearance a coming into court or to a deposition as a party to a suit appearance fee a fee paid when the court reporter arrives at a scheduled deposition but the deposition does not occur ASCII a computer term which stands for American Standard Code for Information Interchange. ASCII is a means of exchanging text among dissimilar computers and computer programs. The term A...

PSI EXAM PROPERTY AND CASUALTY EXAM QUESTIONS WITH COMPLETE SOLUTIONS 100% VERIFIED 2024 All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who is able to tran...

P+C practice test questions and answers 100% score Which type of protection can a casualty licensee offer in addition to protecting against loss or damage of property? - Correct Answer ️️ -They can provide coverage to protect against legal liability. The Managing General Agent negotiates and binds ceding insurance on behalf of whom? - Correct Answer ️️ -The insurer Who is able to place business through the California Automobile Assessed Risk Program? - Correct Answer ️️ -only ...