Missed Questions

Front 1

And ensuring neglects to pay a legitimate claim that is covered under the terms of the policy. Which of the following insurance principles has the ensure violated?

A. REPRESENTATION

B. ADHESION

C. CONSIDERATION

D. GOOD FAITH

Back 1

C. Consideration

Front 2

When the commissioner examines and ensure who pays the examination costs?

Back 2

Examinee

Front 3

Every producer must maintain a place of business in this state

A. WITH THE EXCEPTION OF THE resident licensee

B. AND MAINTAIN A 60$ APPROVAL RATE

C. THAT IS APPROVED BY THE DEPARTMENT

D. ACCESSIBLE TO THE PUBLIC

Back 3

D. ACCESSIBLE TO THE PUBLIC

Front 4

Who is a person who receives a fee or commission to attempt to negotiate settlements between a life insurance policy holder or certificate holder and one or more by viatical settlement providers?

Back 4

Viatical settlement broker

Front 5

A policy may be issued for a term longer than 1A year or for an indefinite term as long as there is a clause in the policy providing for cancelation by giving how much notice prior to the anniversary date?

Back 5

60 days

Front 6

How many days is considered prompt action?

Back 6

10 consecutive days

Front 7

And ensure terminates an agent's appointment. Within how many days of termination must the intermediary be notified?

Back 7

15

Front 8

The ensure decide to cancel an insurance policy prior to its expiration due to nonpayment of premium. When can cancelation take place?

Back 8

10 days after the notice was delivered to the policy holder

Front 9

What is not a goal of risk retention?

Back 9

To minimize the insureds level of liability in the event of a loss

Front 10

What is the type of property not covered by a homeowner's policy

Back 10

Land on which the property is located

Front 11

What is it called when a company circulates a flyer that falsely reports that its competitor markets a product that causes hair loss and skin rashes

Back 11

Libel

Front 12

The broad theft coverage endorsement on the dwelling form specifies all of the following limitations except

Back 12

$1000 on silverware

Front 13

All of the following are parts of a personal auto policy except

Back 13

Physical damage coverage

Front 14

And insured has a homeowner's policy and is required to be a member of the homeowners association in her neighborhood the associations community house has burned down and the ensured has been assessed $1200 for her share of the rebuilding cost how much of the assessment will her homeowner's policy pay?

Back 14

$1,000

Front 15

Which of the following is not a mandatory provision for property policies issued in the state of Wisconsin?

A. OBLIGATIONS IN THE EVENT OF A LOSS

B. REPLACEMENT COST COVERAGE

C. Description of the location

D. replacement cost coverage

Back 15

B. Replacement cost coverage

Front 16

The owner of a small business applies for a fire insurance policy with limits = 100% of the property's value. The owner has healed unsold inventories and a large personal gambling debt period from an underwriting standpoint this might indicate

Back 16

A moral hazard

Front 17

Who must be a member of the Wisconsin insurance plan?

Back 17

All insurance companies authorized to write basic property insurance in the state

Front 18

What type of information would be found in a policies insuring agreement? Policy limits, ensures address, renewal dates or location of promissis

Back 18

Renewal dates

Front 19

When other insurance is written on the same basis as a commercial property policy the obligation of the ensure is to cover the loss on a

primary basis, a share of the loss, all of the loss or the loss on an excess basis

Back 19

A share of the loss

Front 20

Unless additional coverages are added to the business owner policy E the maximum amount of coverage on any outdoor sign, regard less of whether it is attached to a building or not, is limited to how much

Back 20

$1000

Front 21

Which method of los valuation is contrary to the basic concept of indemnity? Market value, agreed value, replacement cost or functional replacement cost

Back 21

Replacements cost

Front 22

A loss has occurred before the 1st report has been filed on a value reporting coverage form. What is not true

Back 22

Never more than 75% of the loss is paid.

Front 23

The amount in ensure will pay under coverage d which is the loss of use depends on what

Back 23

The amount of coverage on the dwelling

Front 24

Under coverage C of a homeowner's policy the amount of insurance provided to cover personal property of the ensured is how much?

Back 24

50% of the amount provided as coverage a

Front 25

What is a sworn written statement that must be furnished by the ensured to the ensure before any loss under a policy can be paid

Back 25

Proof of loss

Front 26

An agent is presumed to have exceeded the okies no exchange of business if the agent place as more than how many insurance risks per calendar year with all insurers

Back 26

25

Front 27

How long is an insurance policy considered new?

Back 27

60 days

Front 28

The commissioner may require a surplus lines agent or broker to supply a bond of up to how much?

Back 28

$100,000

Front 29

When other insurance is written on the same basis as a commercial property policy the obligation of the insure is to cover the loss on an

excess basis, the loss on a primary basis, a share of the loss, or all of the loss

Back 29

A share of the loss

Front 30

A neighbor's tree has fallen into the ensured the yard. The insureds homeowner policy will only pay to remove the tree if

the damages more than $1000, the neighbor has no homeowners insurance, the tree has caused damage to the insured vehicle, or the tree is blocking the driveway

Back 30

The tree is blocking the driveway

Front 31

And ensured has a personal auto policy of both comprehensive and collision. His car is stolen and recovered 5 days later. If the insured claims transportation expenses of $20 per day how much will the policy pay?

Back 31

$60. The policy will pay $20 per day after 48 hours not to exceed 30 days in total

Front 32

The H03 homeowners policy provides

Back 32

Open peril coverage on the dwelling and broad form coverage on personal

Front 33

What is the part of the insurance contract that describes the covered perils and the nature of coverage of the contractual agreement between the insurer and the insured

Back 33

Unknown

Front 34

Using stationary with your name and company on it is -

Back 34

Apparent