Nj property and casualty Study guides, Class notes & Summaries

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NJ Property, Casualty, And Auto Licensing Exam Question & Correct Answer Insuring Agreement - CORRECT ANSWER-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - CORRECT ANSWER-what the policy will not pay for Definitions - CORRECT ANSWER-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the polic

Why was the commercial Insurance Deregulation Act Created? -ANSWER 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? -ANSWER Commercial policies When must rate amendments & policy forms be filed with the commissioner? -ANSWER 30 days before What losses are excluded from flood insurance? -ANSWER -Landslides -Sewer backu...

Insuring Agreement -ANSWER company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions -ANSWER what the policy will not pay for Definitions -ANSWER names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage -ANSWER coverages under a policy that are provided by the insurer at no extra cost Casualty Policies -ANSWER defense costs over and above ...

Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX Questions and answers latest update 2024

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NJ Property, Casualty, and Auto Licensing Exam Questions and answers latest update 2024

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NJ Property/ Casualty Insurance Exam Set With 100% Correct Answers 2023. 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...