Property And Casualty Inurance

Front 1

Commercial Auto Insurance Other Endorsements

Back 1

Under Commercial Auto, the insured may also add medical payments, uninsured motorists & underinsured motorists

Front 2

Nonfiled form

Back 2

Type of commercial inland marine form that is not standardized and cannot be included in the commercial inland marine coverage part of the CPP

Front 3

5 years

Back 3

The Director must conduct an examination of every domestic insurer at least once every _______ years

Front 4

18

Back 4

Minimum age to obtain producer's license

Front 5

90 days

Back 5

Nonresident producer must obtain resident license within _______ days of moving to Arizona

Front 6

180 days

Back 6

Length of temporary producer license, without requiring an examination, if a licensed producer dies, becomes disabled, or enters active military service

Front 7

3

Back 7

Records must be retained for at least ________ years

Front 8

4

Back 8

Producer licenses are issued for a term on ___________ years

Front 9

30 days

Back 9

Time frame to report change of address, administrative actions, or criminal charge to the Director

Front 10

4

Back 10

CE requirements are every ________ years

Front 11

40

Back 11

Required number of credit hours for CE for nonresident license

Front 12

48

Back 12

Required number of credit hours for CE for resident license

Front 13

$2500

Back 13

Maximum per violation fine for violations committed knowingly

Front 14

$15,000

Back 14

Maximum aggregate fine for violations committed knowingly

Front 15

$250

Back 15

Maximum per violation fine for violations committed unknowingly

Front 16

$2500

Back 16

Maximum aggregate fine for violations committed unknowingly

Front 17

$5000

Back 17

Maximum civil penalty per violation

Front 18

90

Back 18

Binders are valid up to ___________ days or until the policy is issued, whichever period is shorter.

Front 19

Full amount

Back 19

The Fund's maximum liability per covered claim is ______________ for workers' compensation claims

Front 20

$10,000

Back 20

The Fund's maximum liability per covered claim is ______________ for the return of unearned premium

Front 21

$300,000

Back 21

The Fund's maximum liability per covered claim is ______________ per claim for all other covered claims

Front 22

Cancellation and Nonrenewal of Personal Insurance

30

Back 22

Notice of nonrenewal based on property conditions must give an insured ____________ days to remedy the situation

Front 23

Cancellation and Nonrenewal of Personal Insurance30

Back 23

Notice of nonrenewal must be sent at least _________ days prior to the expiration date

Front 24

Cancellation and Nonrenewal of Commercial Insurance

10

Back 24

______ days in advance for nonpayment of premium

Front 25

Cancellation and Nonrenewal of Commercial Insurance

45

Back 25

_______ days in advance for all other reasons

Front 26

Cancellation and Nonrenewal of Commercial Insurance

45

Back 26

______ days in advance for nonrenewal

Front 27

$15,000

Back 27

Minimum bodily injury per person for uninsured and underinsured

Front 28

$30,000

Back 28

Minimum bodily injury per person for uninsured and underinsured

Front 29

PAP Notice of Cancellation or Nonrenewal

10

Back 29

Notice of nonrenewal, cancellation, or reduction of coverage or limits must be at least _______ days in advance of the effective date of the action

Front 30

PAP Notice of Cancellation or Nonrenewal

45

Back 30

An exception to notice of nonrenewal, cancellation, or reduction of coverage of a PAP. __________ days notice of nonrenewal is required if any one driver had 3 or more at fault accidents (over 50% responsible) during the previous 36 months and property damage in each accident exceeded the state set threshold

Front 31

7

Back 31

Minimum grace period of ________ days after premium due date

Front 32

$10,000

Back 32

Minimum property damage per accident under the financial responsibility minimum liability limits

Front 33

10

Back 33

____ days of maximum length of trip to Mexico under the limited Mexico endorsement

Front 34

25

Back 34

Number of miles within the United States border under the Limited Mexico Endorsement

Front 35

66 2/3

Back 35

partial disability benefits: ___________% of the difference between the employee's weekly earnings at the time of injury and the employee's actual weekly earnings during the period of partial disability

or

total disability benefits: _______ % of the employee's average weekly earnings

Front 36

STARR

Back 36

Methods of Handling Risk, S-Sharing, T-Transfer, A-Avoidance, R-Retention, R-Reduction

Front 37

CANHAM

Back 37

Elements of an Insurable Risk, Calculable, Affordable, non-catastrophic, homogeneous, accidental, measurable

Front 38

CLOAC

Back 38

Elements of a Legal Contract

Consideration, Legal Purpose, Offer & Acceptance. competent parties