Insurance practice

How long is the policy for an nfid flood insurance

1 year

The regular national flood insurance program would insure an eligible single-family dwelling for up to

250,000

How much coverage is provided under HO for theft or unauthorized use of a credit card?

500

Which of the following would not be considered an insured under a homeowners policy?

A divorced spouse living in another state

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

A salaried employee who advertises and solicited insurance

Which of the following could be coveted by an HO policy

An oriental rug in an on-premises apartment

Representations are written or oral statements made by the applicant that are

Considered to be true to the best of the applicant's knowledge

In Michigan the states continuing education requirement

Consists of completing 24 hours of CE every 2 yeats

When would a misrepresentation of the insurance application be considered fraud

If it is intentional and material

An insurer or producer, upon making a declination of insurance, must

Inform the applicant of each specific reason

Which of the following, upon conviction, Carrie's a fine up to 2,000 for each violation

Misrepresenting the terms of a policy

Which policy consists of the declarations and conditions, endorsements, and other attachments applicable to a single line of insurance?

Mono line

Which of the following covers a carrier for liability for loss to cargo while it is being transported in a truck?

Motor truck cargo policy

The livestock coverage form covers which of the following losses?

Named peril coverage for death of livestock

When an insurance policy does not offer a continuation or replacement as it's expiration date, it is considered a

Non renewal

The extra expense coverage form provides

Payment for unforeseen expenses an insured may incur while the business is shut down following a property damage loss

In Michigan, a temporary license may be issued for any of the following reasons except

Retirement

Under a dwelling policy, what are the factors in determining a loss

The policy limit, the amount reflecting the insureds interest in the property at time of loss, the amount necessary to repair or replace the property

In addition to the effective date of termination of coverage, a termination notice must contain

The specific reason or reasons for the termination

Trip transit

Type of insurance used to cover a single trip