Texas insuran - Study guides, Class notes & Summaries

Texas Insurance License Exam Prep P&C QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+

Subrogration may follow which of the following events? An insured collects from her insurance company for damages caused by a third party Medical payments coverage under a BOP applies to expenses incurred by non-insureds for bodily injury and reported to the insurer within: One year after the accident Claims expenses covered under Section II - Personal Liability of the standard Homeowners forms do NOT pay for which of the following? Loss of the insured's earnings subject to a pre-determin...

Texas Insurance Code Chapter 6002 Prep for Fire Alarm Statute and Rules TFM11 and TFM12 NFPA 72

Texas Insurance Exam Questions with 100% Correct Answers

Fire alarm device - ANSWER any device capable, through audible or visible means, of warning that fire or combustion has occurred or is occurring Fire alarm planning superintendent - ANSWER a licensed individual designated by a registered firm to: (A) plan a fire alarm or detection system that conforms to applicable adopted National Fire Protection Association standards or other adopted standards; and (B) certify that each fire alarm or detection system as planned meets the standards as ...

TEXAS INSURANCE PROPERTY AND CASUALTY EXAM 2024 NEWEST 300+ QUESTIONS AND ANSWERS A condition or situation that presents a possibility of loss is a (an): exposure The purpose of insurance is to: transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? morale Which risk is insurable? pure With regard to insurance, risk can be defined as: uncertainty regarding loss Treating risk by purchasing in...

TEXAS INSURANCE LICENSE EXAM LATEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS (VERIFIED ANSWERS) | A+ GRADE GUARANTEED PASS

Stock Insurers/Company - - owned by stockholders - dividends (excess profits _ are paid to stockholders -divendends are taxable to stockholders - iusse NONPARTICIPATING policies ONLY stockholders received dividends Mutual Insurer/Company - -owned by policy holders -dividend is paid to policy holder - dividend is not taxable Texas Llyods - regulated by the texas insurance code - must consist of min 10 UWs - managed by an attorney in fact - Lloyds must be a member of TWIA where applicabl...

Texas Insurance Adjuster Exam – Questions And Answers

What are 3 subjects an auto policy covers? - 1. Body 2. The vehicle 3. Assets Bodily Injury Types - Personal Injury Med Pay Uninsured Motorist No Fault Insurance - State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Financial Responsibility Laws - State Laws regulating that people are to carry a minimum...