State Test
In the event of a member insurers insolvency, the Assosiations obligation to pay a covered claim is lesser of th eamount of the loss, th elimits of the insurence cov or....?
$300,000.
Coverage for medical payments under a personal auto policy applies to expenses following a covered accident that are incurred and services rendered within what maximum time period ?
3 years
Under the dwelling policy of an insurance chooses to repair or replace damage or loss property it must inform the insured within how many days of read receiving the roof loss
30 days
WHen a resident producer changes his residence address, the insurence Department must be notified within
30 days
If an insurer is normally doing a homeowners policy it must smell or deliver to the insured written notice a vision additional at least
30 days prior to the expiration date
Permissible calling hours for telemarketers are between
8 AM and 9 PM
What bonds may be required when a persona appeals to higher court after a judgment already has been entered to guarantee that judgment will be paid
Appeal bonds
The installation floater covers the interest of the owner seller or contractor of refrigerator systems elevators or other pieces of large equipment intended to be a permanent part of the building on location awaiting or in the process of being installed
Appliances intended to become a permanent part of the building
First aid cost for others injured on the insured's premises..
Are paid in addition to the liability limit
A couple bought tickets to a college hockey game at the game a straight path flies into the stands and hits the wife in the face breaking her nose which legal defense may bar her from recovering damages for injury received at the hockey game
Assumption of risk
The extra expense coverage form provides
Coverage that will permit the insured to continue in business without interruption following a property damage loss.
According to the fair credit reporting act all of the following would be considered negative information about a consumer
Disputes regarding consumer report information
Residential structure is including individual condominium Units and their content are insured by what part of the national flood insurance program
Dwelling policy form
Which of the following is true regarding difference in conditions policies
Each DIC policy is an Individually written contract that contains provisions you need to that particular risk that it covers
Continuing education requirements must be met
Every two years
Which Federal act provides benefits to injured civillians who are employed by the federal gov.?
Federal Employees Compensation Act
Which of the following is defined as the Costco place damage property with less expensive and more modern construction Or equipment
Functional replacement cost
And insured condominium unit owner wants to purchase fire and extend coverage for personal property and liability coverage for himself and his family members he should purchase
H06
Which of the following reasons for nonrenewing an insurance policy allows the insurer to nonrenew with giving notice of their intentions less than 30 days before th eexpiration date of th epolicy ?
In case of nonpayment of premium , if it is a commercial property policy , and in case of fraud by the insured
CGL covers be personal and advertising injury will cover
Inadvertent injury to others caused in the course of advertising the insured product
The part of the insurance contract that describes the coverage Carlos and nature of coverage of the contract role agreement between the insurer and the insured is called what
Insurance agreement
If I guessed property is lost or damaged while on the insurance premises or in their control crying coverage form L-liability for gas property premises covers the insurance
Legal liability
An insured on her application fo rlife insurance that she had never had a heart attack , when if fact she had a series of minor heart attackslast year for which she sought medical attention. Which of the following will explain the reason a death benefit claim is denied?
Material misrepersentation
A common exclusion found under physical damage to your autos includes
Mechanical breakdown
On it sadv, a company claims that it has funds in its possession that are, in fact , not availabe for the payment of losses or claims. The company is guilty of ?
Misrepresentation
And insured purchased a insurance policy five years ago last year she received a dividend check from the insurance company that was not taxable this year she did not receive a check from the insurance from what type of insurance did the insured purchase the policy
Mutual
Loss is caused by continues or repeated exposure to conditions resulting in injury to a person or damage to property that is neither intended know expected is the definition of which of the following terms
Occurrence
Which of the following terms refers to search disabilities as a loss of a limb hearing or eyesight
Permanent partial disability
Which of the following is not required to be printed at the head of a standard fire policy
Policy exclusions
The value placed on property insured under a fire insurance polity is used to determine the policies___
Premium
All of the following are true regarding rebate
Rebates are allowed if it's in the best interest of the client
Installing deadbolt locks on the doors of a home is an example of which method of handling risk?
Reduction
What type of information woul dbe found in a policys insuring agreement?
Renewal dates
which policy condition in HO policies states that insurence applies separately to each insured?
Severability of insurence
When an employee benefit plan pays the premium for FidciaryLiability policy what provision must be included in the policy
Subrogation
All of the following conditions must exist for injury or damge to be included in the products and completed operations hazard of a commercial general liability policy EXEPT
The injury or damage must occur 90days after the insureds work is completed
What is not a characteristic of an insurable risk
The loss must be catastrophic
What is the main justification for the existence of State Insurance Department
To protect the public
I'm producers license has been revoked for a violation of the insurance code when can I producer apply for a new license
Within one year of the revocation
Under the Fair Credit Reporting Act , individuals rejected for insurence due to info contained in a cosumer report....
must be informed of the source of the reporting
Who would participate in a Write yoru Own (WYO) flood insurance program ?
private insurers that wish to write and service National
What are the two types of compensatory damages?
special and general
A business owner has a building and personal property policy that covers the shed in which he stores extra parts if you buy the second shelf for the same purpose this will automatically covered for how long
30 days
Which bronzer insured to secure the release of a person from jail pending and quart room appearance
Bell bonds
Insurance policies covering the pearl of ____________ require that they were visible signs of forced entry or exit from the premises following a loss
Burglary
A California and she wants to transact business in Louisiana what document it must it receive first
Certificate of authority
In a farm policy , which of the following coverages would reimburse the insured for loss of rental income following damage to the insured dwelling by an insured peril?
Coverage D
The designation symbols used in commercial auto policys can be found in which policy section?
Covered Auto
Section 1 _________________of a commercial auto policy explains it is designation symbols use in that coverage
Covered auto
An auto liability insurence policy , in addition to providing coverage to the insured while within the state of Louisiana , must provide coverage for the insured while operating the veh in all of the following places, EXEPT
Cuba
The Louisiana insurance guaranteed association board of directors are placed in office by
Election an appointment
An insurence company assures it snew policy holders that their premium cost will not increase for a period of at least 5 years. However due to increasing financial strain , they plan to raise premium cost for all insureds by 10% over the next 2 years. What term best describes this act ?
Fraud
Under which of the following conditions getting robbed of coverage we added to a dwelling policy
If the insured is owner occupant of the dwelling
An insured is driving her automobile and strikes a large pothole that causes a flat tire. Which cov of th e insureds personal auto policy will pay for the repair?
Loss is not covered
Th elve stock cov form coveres which of the following loses?
Named peril cov for death of livestock
Which of the following would be considered causes for flood conditions covered by the national flood insurance program
Overflow of inland or tidal waters Unusual or rapid accumulation or run off of surface water from any source and a mudflow flow
Which of the following homeowners endorsements covers liability exposure arising from an incident on business conduct within the building of the residence premises
Permitted Incidental occupancy's
All of the following are additional causes of loss included in the broad form of a commercial property
Replacement cost
The policy provision found on property insurance policies that prevents the insurance from collecting twice of the same loss is called
Subrogation
When an employee benefit pan plays the premium for deduction carry liability policy what provision must be included in the policy
Subrogation
When an employee benefit plan paid the premium for a fiduciary liability policy what provision must be included in that policy
Subrogation
Worker's Compensation rating is developed by applying a rating bureau job classification rate to each
$100 of payroll
If an insured covered under a mobile homeowners policy moves the mobile home to protect it from a covered pearl the policy will pay up to
$500
How long is awaiting. Upon purchase a flood coverage through the NFIP
30 days
If a consumer requests additional info concerning an investigative consumer report, how long does the insurer or reporting agency have to comply?
5 Days
The employee theft crime policy includes a cov extension that applies to employees tem porarily outside the cov territory for up to?
90 days
Which of the following statements is true regarding the premium computation for workers compensation insurance
A premium author has the right to examine the insurance compensation Records at the end of the policy. To determine the actual premium basis
Coverage of medical payments under at homeowners policy would cover
A resident employee who is injured on the job
What type of calls or not an exception to the national do not call list
Calls from outside of the United States
Whcih of th efollowing conditions may be covered as an occupational disease under workers comp. ?
Carpal tunnel syndrome
Which of the following dewlling policy forms primarily insures a structure on an actual cash value basis?
DP-1
Which endorsement under the commercial auto policy provides the insureds employees additional protection while using a veh not owned , hired, or borrowed for the insured buisness?
Employee as insureds
What changes the policies origional terms , conditions, or coverages?
Endorsements .. they can add or delete coverage or merely correct items such as the insureds address ,name, etc.
If the premium charge for a particular insured is increase or decrease for a future. Based on that insurance loss experience for a period in the recent past the policy uses a
Experience rating plan
An application is denied insurance because of information found on a come to my report which of the following requires that the insurance company supply the applicant with the name and address of the consumer report and company
Fair credit reporting act
The HO policy colllapse caused by all of the following exept
Foundation cracks
In the event of a claim under a commercial general liability policy , tnhe insured has all of the following duties to the insurer..
Furnishing the insurer with copies of any demands , notices, or other legal papers recieved in connection with a claim or suit. Assisting the insuer upon request in th eenforcement of any rights against any person or organization that may be liable to the insured. Providing promt written notice of any claim or suit actually filed against the insured.
An insurer publishes intimidating brochures that portray the insurers competition as financially and professionally unstable . Which of the following best describes this act?
Illegal under any circumstances
An insuer may cancel or non renew a HO policy based on any of the following , EXEPT..
Loss resulting from an Act of God
Coverage K excludes?
Lost resulting from acts of employee Dishonesty
To comply with the requirements for insurance for public liability under the the motor carrier act of 1980 which endorsement his attitude motor carrier coverage form
MCS -90
Which of the following is NOt considered a misrepersenataion as it pertains to unfair trade practices ?
Making comparisons between different policies
Which of the following is not considered a misrepresentation as it pertains to unfair trade practices
Making comparisons between different policies
All of the following are excluded any requirements break down basis policy
Ordinance or lol coverage business interruption loss of power lights he steam or refrigeration
Which coverage would a business owner need In a crime policy to cover money that maybe stolen from my messenger
Outside the premises
Which of the following prospects consumers against the circulation of an accurate or obsolete personal or financial information
The fair credit reporting act
Which of the following entities established the do not call registry
The fair trade commission
Which of the following is an example of a producers fiduciary duty ?
The trust that aclient places in the producer in regarding to handling premiums
A standard Fire policy may be written to cover all of the following ...
There are no exeptions , Personal property , and commercial property but NOT Reinsurance
All the following are true statements regarding a supplementary payment of a commercial general Liability policy
They pay all expenses incurred by the insurer. They pay pre-judgment and post judgment interest. They pay all reasonable cost incurred by the insured and helping to investigate or defend a claim.
This endorsment provides a basic limit of ___________ for towing and labor cost incurred at the place a veh is disabled . Higher limits are avaiable for additional premium
$25
$100,000 house insured on a homeowners policy with an 80% coinsurance requirement has a A fire that caused $40,000 of damage the owner has a policy with $60,000 coverage how much candy only collect from this loss
$30,000
An insurance has a personal auto policy with both comprehensive other than collision collision coverage his car is stolen and recovered five days later if the insurance claims transportation expense of $20 per day how much Willis policy pay
$60
As an additional coverage homeowner policy will pay up to_____Of a loss assessment
1000
A temporary license is good for
180 days
A parking garage on her completes majority Renovations to a parking garage just prior to selling it to another company three months later overheard concrete fell into cars in the second floor level under the garage covered policy conditions
The damage occurred when the concrete fell
Who is not an insured for liability on a BAP
The owner of a car the insured barrows
The regulation of insurance industry polyamory rest with
The state
Under which of the following conditions could brought that coverage be added to a dwelling policy
The the insured is owner occupant of the dwelling
The bankruptcy policy provision found in the personal auto policy states that bankruptcy of the insured
Will not relive the insurer Of its policy obligations
