casualty insurance (chap 5)

a driver moves to a new state with motor vehicle coverage of 15 / 25 / 5 what isn't true

but the driver has proof of financial responsibility in the new state

essential property insurance includes coverage against

direct damage to property under construction

driver A has uninsured motorist coverage. His vehicle is damaged by an at-fault motorists driver B. One week later drivers B Company becomes insolvent which of the following will occur

drivers A company pays for driver's A vehicle repairs

how often must an insurance company update a policy holder insurance or if it is used to calculate renewal premiums

every three years

an insured paid her auto insurance premium for 6 months. After 2 months she discovers that she qualifies for a better rate with another company which of the following is true

her present carrier will issue a premium refund

What is surplus lines insurance

insurance place with an unauthorized insurer

which of the following best describes the misrepresentation

issuing sales materials with exaggerated statements about policy benefits

which of the following may not be included in the insurance company's advertisement

that it's policies are covered by a state Guaranty Association

what determines the maximum amount of bodily injury that can be purchased under uninsured motorist coverage

the amount of third-party liability coverage provided by the policy

why can't an automobile insurer deny benefits

the benefits requested are too expensive

what does pursue mean if a driver does not show an insurance identification card when law enforcement officer asks to see one

the driver has no vehicle insurance

in Washington the fair plan is

the industry placement facility

which of the following is not a valid reason to deny an insurance claim under a personal injury protection endorsement

the injury claim was related to an automobile accident

if an insurance company makes a payment to the insured because the asphalt motorist insurance company is insolvent, the insured insurance company must have this subrogation rights against

the insolvent Insurance Company

when a property insurance policy is knowingly written with limits that exceed the amount that could be expected to be paid in the event of a loss, which of the following are guilty of an illegal act

the insurer issuing the policy, the applicant he request to policy, and the insured who accepts the policy

who is required to pay the fee for an Insurance Producers appointment

the pointing insurer

all the following are methods for settlement of a total loss claim except

transfer

when an insured Auto is damaged by collision with an at-fault uninsured motorist what is the maximum deductible amount that may be applied to the Lost paid under underinsured motorist property damage

$100

every automobile liability insurance policy must provide bodily injury liability insurance coverage of at least

$50, 000 per accident

once a producer's appointment is filled, within how many days will the Commissioners verify the appointment for eligible producers

15 days

a non-admitted insurer who provides insurance coverages that are not available from an admitted insurer is called

Surplus lines insurer

how often are producers in the state required to pay license renewal fees

every two years

if an insurer intense to terminate an agents contract insurer must give agent 120 days notice if the reason is for

failure to meet production requirements

an insurance company has published a brochure that in accurately portrays the advantages of a particular insurance policy. What is this an example of

false advertising

what is not considered to constitute an act of transacting insurance

filing forms with the Department

personal injury protection covers all the following except

loss of investment income

how long after the effective date of the termination must have terminated insure permit the renewal of policies and agents books of business

1 year

every order by the Commissioners to spending any insurance license must specify the. During which the suspension will be effective and may not last longer than

12 months

personal injury protection will pay for medical and Hospital expenses incurred Within

3 years of accident

required records of insurance transactions of an agent broker or adjuster must be kept for a period of

5 years after the transaction has been completed

in order for property damage caused by a phantom vehicle to be covered under uninsured motorist property damage, that accident must be reported to the appropriate law enforcement agency within

72 hours

settlement offers for a loss vehicle must be based off of vehicles that are currently available or were available with no more than how many days of the date of loss

90 days

at least once every 5 years the commissioner must fully examine each of the following organizations or persons except

National Association of insurance commissioners

which of the following would be required to be licensed as an insurance producer

a salaried employee who advises and solicits insurance

what situation would not be considered rebating

an agent invites a prospective insured to a baseball game and pay $75 for a mission for both of them. since this is under $100 it is not rebating

when an insurer terminates an agent's contract, those insured who wish to remain insured by that company must have their policies

assigned to an appointed agent reasonably near the insured

personal injury protection covers all the following losses except

loss of investment income

a producers selling a client of variable life insurance policy and as an inducement shows the client of projection based upon shares or dividends paid on a similar policy this is

misrepresentation

if an insurer advertises material that exaggerate the dividends that a policy pays what kind of illegal act is it committing

misrepresentation

when an insurer cancels the agents contract of an independent agent, the insurer (who does not have an allowable reason for not renewing that agents written policies and has not received notice that the policies have been placed with another agent)must renew expiring policies

or a period of one year

Agent J offers his clients free tickets to sporting events in exchange for purchase of an insurance policy Jay is guilty of

rebating

the method used in pain back the insurer who canceled the policy before its expiration date is

short rate

application of two or more coverages to the same loss in order to increase the amount of coverage available is called

stacking

essential property insurance includes coverage against

the right to damage to property under construction

an agent whose contract has been terminated by the insurer the receive commissions on policies of which of the following rates

the same rate as if the agents contract had not been terminated

a driver has an auto insurance policy he is injured by an at-fault motorist who whose insurance company becomes insolvent before they claim is paid the insured driver make collect money from

uninsured motorist coverage