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Pennsylvania Property and Casualty BUNDLE 2024
Pennsylvania Property and Casualty PENNSYLVANIA PROPERTY AND CASUALTY EXAM 2024 WITH 100% CORRECT ANSWERS
[Mostrar más]Pennsylvania Property and Casualty PENNSYLVANIA PROPERTY AND CASUALTY EXAM 2024 WITH 100% CORRECT ANSWERS
[Mostrar más]A policy covering commercial risks is subject to midterm cancellation for non-payment of premium upon how many days' written notice? - correct answer 15 days 
 
the waiting period for payment of workers compensation benefits is - correct answer 7 days. the retroactive period is two weeks 
 
to demo...
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Añadir al carritoA policy covering commercial risks is subject to midterm cancellation for non-payment of premium upon how many days' written notice? - correct answer 15 days 
 
the waiting period for payment of workers compensation benefits is - correct answer 7 days. the retroactive period is two weeks 
 
to demo...
PENNSYLVANIA PROPERTY AND CASUALTY EXAM 2024
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Añadir al carritoPENNSYLVANIA PROPERTY AND CASUALTY EXAM 2024
Which of the following is not a goal of risk retention? 
A. To minimize the insureds level of liability in the even of loss 
B. To reduce expenses and Improve cash flow 
C. To increase control of claim reserving and claims settlements 
D. To fund losses that cannot be insured - correct answer A ...
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Añadir al carritoWhich of the following is not a goal of risk retention? 
A. To minimize the insureds level of liability in the even of loss 
B. To reduce expenses and Improve cash flow 
C. To increase control of claim reserving and claims settlements 
D. To fund losses that cannot be insured - correct answer A ...
Law of Large Numbers - correct answer Recognizes that as the number of exposure units increases, the more likely it is to predict accurately the expected outcome. 
 
What must an insurance producer do to apply for a nonresident license in Pennsylvania? - correct answer Prove that their license is in...
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Añadir al carritoLaw of Large Numbers - correct answer Recognizes that as the number of exposure units increases, the more likely it is to predict accurately the expected outcome. 
 
What must an insurance producer do to apply for a nonresident license in Pennsylvania? - correct answer Prove that their license is in...
Agents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days 
 
Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the following coverages EXCEPT: 
 
A) injuries incurred on th...
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Añadir al carritoAgents and brokers must notify the Insurance Department of any change in their residence or business address within: - correct answer 30 days 
 
Insurers issuing liability policies covering motor vehicles in Pennsylvania must offer all of the following coverages EXCEPT: 
 
A) injuries incurred on th...
According tot he fair credit reporting act, all of the following would be considered negative information except - correct answer Disputes regarding consumer report information 
 
Which of the following does a produce not have the authority to do? - correct answer Issue polices 
 
What is the maximu...
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Añadir al carritoAccording tot he fair credit reporting act, all of the following would be considered negative information except - correct answer Disputes regarding consumer report information 
 
Which of the following does a produce not have the authority to do? - correct answer Issue polices 
 
What is the maximu...
Licensing Process 
1. 24 credit hours 
 
3. 3 of the 24 hours must be in ethics 
 
 
 
Licensing exam and relicensing education exemption 
1. Business entities 
2. Nonresident producers 
3. Professional designators 
-CLU-Life and Health Licence 
-CPLU-Property and Casualty License 
-CIC-Life, Health...
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Añadir al carritoLicensing Process 
1. 24 credit hours 
 
3. 3 of the 24 hours must be in ethics 
 
 
 
Licensing exam and relicensing education exemption 
1. Business entities 
2. Nonresident producers 
3. Professional designators 
-CLU-Life and Health Licence 
-CPLU-Property and Casualty License 
-CIC-Life, Health...
Policy Conditions - correct answer How parties to the contract must act following a loss 
 
Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) 
 
Vacant - correct answer Absence of peo...
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Añadir al carritoPolicy Conditions - correct answer How parties to the contract must act following a loss 
 
Discovery Form in Commercial Ins. - correct answer an occurrence taking place at any time & discovered during the policy period or extended reporting period (60 days) 
 
Vacant - correct answer Absence of peo...
Rate Regulation - correct answer -Insurance rates must not be excessive, inadequate, or unfairly discriminatory 
-Insurers must file every manual, minimum, class rate, rating schedule or rating plan with Commissioner 
(Filing must state Proposed effective date) 
 
Standard Fire Policy - correct answ...
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Añadir al carritoRate Regulation - correct answer -Insurance rates must not be excessive, inadequate, or unfairly discriminatory 
-Insurers must file every manual, minimum, class rate, rating schedule or rating plan with Commissioner 
(Filing must state Proposed effective date) 
 
Standard Fire Policy - correct answ...
Financial Responsibility - correct answer Minimum limited of automobile liability are 15/30/5 
-$15,000 per person for bodily injury 
-$30,000 per accident for bodily injury 
-$5,000 per accident for property damage 
Minimum medical benefit : $5,000 
Proof of Financial Responsibility: 
-Posting a bo...
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Añadir al carritoFinancial Responsibility - correct answer Minimum limited of automobile liability are 15/30/5 
-$15,000 per person for bodily injury 
-$30,000 per accident for bodily injury 
-$5,000 per accident for property damage 
Minimum medical benefit : $5,000 
Proof of Financial Responsibility: 
-Posting a bo...
A person wanting to insure a single shipment would use: - correct answer A Trip Transit Form 
 
Which statement about the Umbrella Liability Policy is false? - correct answer The standard deductible on an umbrella policy is $100,000 
 
Which of the following is true of the Towing coverage provided u...
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Añadir al carritoA person wanting to insure a single shipment would use: - correct answer A Trip Transit Form 
 
Which statement about the Umbrella Liability Policy is false? - correct answer The standard deductible on an umbrella policy is $100,000 
 
Which of the following is true of the Towing coverage provided u...
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