Michigan personal lines - Study guides, Class notes & Summaries

$.55 - County Transfer Tax $10,000 - Fine for violating a cease and desist order issued by the commissioner 30 days - An agent must report a change in his or her mailing address to the Department of Insurance within 36 - How many sections are in a township 40 years - How long is the Michigan Marketable Title Act 40 years - To obtain marketable record title to real property, an owner needs an unbroken chain of title for how many years 6 miles - The space between range lines 640 acres - A...

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Michigan Personal Lines Exam Questions and Answers

Michigan Personal Lines Exam

Michigan Personal Lines Ins Exam Questions with correct Answers

Michigan Personal Lines Exam Questions And Answers With Verified Solutions Already Passed!!!

Michigan Personal Lines Ins Questions And Answers With Verified Solutions Already Passed!!! (GRADED A+)

How much is the fine for accepting a rebate? 100.00 How much is the fine for each violation of inducement? 100.00 What percentage does the insurer have to pay of claims not paid on a timely basis? 12 How much time does an insurer have to satisfy a proof of loss? 30 days How much time does an insurer have to pay a health claim? 45 days How much time does a health insurer have to fix a claim? 45 days How much is the fine for violation of health claim...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

Michigan Personal Lines Insurance exam with correct answers

Michigan Property & Casualty Limited Lines UPDATED Exam Questions and CORRECT Answers Personal Contract - Correct Answer- personal in nature, there must be an insurable interest Aleatory Contract - Correct Answer- "a one sided contract" equal value is not given by both parties in the contract. Policyowner pays small premium - insurer provides a substantial benefit Contract of Adhesion - Correct Answer- contract and its provisions are completed by one party - the insurer. Ambiguit...