Smartmindus

1.1 - What is the main purpose of the Virginia Core Manual? - to support the general safety training for all pesticide users; this will assist in becoming a competent pesticide manager 1.2 - What State Law set the rules for Pesticide use in Virginia? - The Virginia Pesticide Control Act (VPCA) 1.3 - What two state agencies are responsible for ensuring the safe use of pesticide in Virginia? - the two state agencies are: 1. The Virginia Pesticide Control Board 2. The Virginia Department of ...

Powers and duties of Commissioner - Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates 10 - Amount of days notice before hearing Producers can be - Agents, brokers or both Insurance agent - a licensed insurance producer who is appointed by an insurer to sell insurance. represents the insurer not the insured

Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered because it was not his car. D) Bobby is covered by his parents' policy because he is...

Why was the commercial Insurance Deregulation Act Created? - To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - Commercial policies When must rate amendments & policy forms be filed with the commissioner? - 30 days before What losses are excluded from flood insurance? - -Landslides -Sewer backup -Windblown Rain -Snow ...

Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability - If a loss occurs that is covered by more than 1 insurance policy that was purchased by the insured, then each polic...

In order to get a loan to buy a car, John had to obtain insurance on the car. The purpose of the insurance requirement is to A - protect the lender's financial interest in the car in the event it is damaged or destroyed B - create an additional source of revenue for the lender C - include the insurance company as a cosigner on the loan in case John defaults on his payments D - prove to the lender that John has a sense of responsibility toward his obligations - A - protect the lender's f...

Powers and duties of Commissioner - Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates Amount of days notice before hearing - 10 Retrocession - When a reinsurer transfers risks it has accepted to another insurer Producers can be - Agents, broker

Chance or Uncertainty of a Loss - Risk Possible cause of a loss - Peril The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? - 2 Years The Commissioner of insurance MUST have ________ of experience in business or government. - 5 Years The Commissioner of insurance must provide a __________ surety bond. (A surety bond guarantees performance) - $50,000 The Commissioner of insurance requires state fees in excess of _...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building structure is damaged -Building inspectors fees after ...

An agent license can be suspended or revoked by - writing primarily controlled business If an insured hides information and fails to disclose a known material fact to the insurer is known as - Concealment which of the following statements pertaining to medical payment Part C of the CGL is false - A person has to establish the liability of the insured before medical benefits will be paid under the contract All of the following is Correct about Market Value EXCEPT - The only policy that nor...