GA PROPERTY & CASUALTY (46)

When compleling an insurance application, a producer should   A.complete as much of the applicalion as possible before meeting with he applicant to save time   B.request hat the applicant review the completed application before signing it C.avoid asking the applicant questions on he application which may be embarrassing   D.omit information from he application which may cause the application to be rejected by the insurance company

C. Claim form D. Policy form 20. The written insurance document that may include all clauses, exception and conditions is called O A. endorsement O B. claim form O C. certificate of insurance O D. policy form 21. What is the form that filled out by insured if a loss is suffered? *

An insurance broker whose registration is "restricted to oftine following activities? Acting Under Supervision" may NOT perform which one (1)•Sign letters to members of the public recommending insurance coverage.•Solicit insurance except in the presence of their supervisor.•Deposit insurance premiums in their own trust bank account.•Collect premiums on behalf of the insurance broker by whom they are employed.

Insurance companies may use all of he following sources to oblain underwriting information about an applicant EXCEPT.   A.The Medical Information Bureau (MIB)   B.Inspection report companies   C.Actuarial raling bureaus   D.A Fair Credit report

MATCH WITH THE  BEST ANSWER Liability Insurance Mistakes happen. You, your employees, your equipment or your suppliers could make mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability: 1.   ____General liability   A.  Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services. 2.   ____Product liability   B.  Covers injury to clients or staff on your premises. 3.   ____ Professional liability insurance C.  Provides protection in the event that your products are defective or cause serious harm to those using them.

Which of the following would be accepted as a proof of liability insurance for automobile liability insurance? An expired insurance card provided by the insurance company A bound insurance application for which the check offered for payment was dishonored due to insufficient funds A liability insurance binder issued by the insurance producer in effect on the date the police requested proof of insurance Insurance declarations page with an expiration date prior to the date of the accident in question

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In addition to the customer affairs department of the insurance company the insurance policy must identify which other following on the policy Name of the producer Current director of insurance Policyholder satisfaction rating for paying claims 4. Financial rating from a recognized financial rating service

Which of the following statements describes an action of the agent that would be legal but not within the rules of the industry code of conduct? The agent submits a life insurance application that requests non-smoker premium rates, even though he knows that the proposed life insured is a smoker. O The agent delays the delivery of a newly issued life insurance policy by twenty- five days. The agent carefully copies an applicant's signature, from a sample, onto an application in order to avoid having the applicant supply a missing signature. The agent takes an initial premium in cash and deposits it to his or her personal account, before writing a personal cheque to the insurer, a few days later, for the amount of premium.

The life Insurance Solicitation regulation requires an insurer to provide which of the following items to an applicant upon request? An Outline of Coverage An insurance consumer handbook A Buyer's Guide A copy of the Illinois insurance regulations

The Director of Insurance has the power to. make reasonable insurance rules and regulations determine standard insurance rales Veto insurance laws issue insurance policies

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The declarations page of the Personal Auto Policy (PAP) includes all of the following, EXCEPT:     Policy period     Agreement and definitions     Name and mailing address of the insured     Name of the insurer issuing the policy

The company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium d. Insured

Which of the following is NOT a business of life/non-life insurance firm? a. Property/casualty insurance  b. Deposit Insurance c. Automobile insurance d. Whole life insurance e. Death insurance  f.House insurance       a     b     c     d     e     f     x

Put the following in time sequence order (earliest = 1, most recent = 4) and match each one with its conclusion. Sequence Conclusion Armstrong Committee. Merritt Committee. Paul vs Virginia South-Eastern Underwriters Association Choices for Conclusion: A. Found abuses in the life insurance industry B. Insurance is interstate commerce C. Insurance is not interstate commerce D. Uncovered abuses in the property - casualty insurance industry