casualty simulation exam missed q's

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after appointing agent, how long does insurer have to file with commish notice of appt?

15 days

once passed licensing exam, results valid for _ yrs

3!!

insured with claims made policy may request in writing claim and occurrence info from insurer at any time up to 60 days after policy ends, insured must give info within

45 days

if insurer meets all state reqs, certificate fo authority should arrive in _ days

60!!

employee theft crime policy includes extension that applies to employees outside coverage territory for up to _ days

90

what type of property valuation will policy pay full value on schedule regardless of appreciation of depreciation

AGREED VALUE

liability coverage of BOP written on

BO liability form

professional liability policy will provide coverage for loss in all cases except when doctor was

CRIMINALLY negligent

party to surety or fidelity bond who promises to fulfill obligation is the

PRINCIPAL

what policy written on claims made form?

PROFESSIONAL LIABILITY INSURANCE

loss valuation contrary to indemnity?

REPLACEMENT COST

which provision states legal right or interest in policy may be transferred?

assignment

insurance producer must disclose his or her name and agency

before personal solicitation

which fidelity bond pays no more than limit of liability for each separate occurrence no matter several employees involved in loss?

commercial blanket position

what kind of deductible applied between basic coverage and major medical coverage

corridor

_ _ audit lets insurer inspect insured's books at end of policy term to make sure sufficient payment has been collected for exposure

deposit premium

in disability income insurance, deductible stated in days instead of dollars known as

elimination period

when employee injured and gets workers comp, cannot sue for more damages, called

exclusive remedy

all describe concept of strict liability except

imposed on defendants engaged in hazardous activities

all statements describe concept of strict liability except

imposed on defendants engaged in hazardous activities

CGL coverage B will cover

inadvertent injury to others caused in course of advertising insured product

according to workers comp form, state should be listed in pt 3 when

insured expects to extend operations to that state

most likely to occur if determined premium was too high

insured gets return premium

which is unfair claims practice?

insurer advises if claim goes to arbitration would get less than what's offered

any regularly salaried employee of licensed insurer, without license or other qualification, may act on behalf of insurer provided

licensed producer participates in sale of insurance

true regarding business liability and medical payments coverage?

loss of electronic data excluded

insured get insurance policy 5 yrs ago, last year gets check for dividends, this year no check. what type of insurer?

mutual

business owner not aware of loss until several yrs after policy expires, which types of policies would cover loss?

occurrence policy

rental reimbursement only available if policy includes what coverage?

other than collision

which liability exposures most likely for small retail boutique

premises

payment for medical, loss of wages, funeral or cost to repair property is

special

2 types of compensatory damages

special and general

property insurance policy not subject to any coinsurance reqs but has set amount of insurance for property would use

stated amount

prior to state directed workers comp laws, employees had to

sue employer for loss and prove it

purpose of claims made form?

to allow insurer to determine adequate rates for unknown losses

purpose of claims made form

to allow insurers to get adequate rates for unknown losses in future


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