# OF DAYS Flashcards

1
Q

IF AN INSURER BELIEVES THAT IT HAS RCVD A FRADULENT CLAIM, IT MUST NOTIFY THE BUREAU AND REQUEST AN INVESTIGATION WITHIN HOW MANY DAYS?

A

60

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2
Q

TO BE EFFECTIVE, A NOTICE OF CANCELLATION OF A NON-COMMERCIAL POLICY FOR REASONS OTHER THAN NONPAYMENT OF PREMIUM MUST BE DELIVERED HOW MANY DAYS BEFORE THE DATE OF CANCELLATION?

A

30

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3
Q

ASSUMING THE INSURER AND THE INSURED AGREE TO THE AMT PAYABLE FOR A LOSS COVERED UNDER A DWELLING POLICY, HOW SOON AFTER THE INSURER HAS RCVD PROOF OF LOSS MUST IT MAKE PAYMENT?

A

60 DAYS

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4
Q

UNDER THE ADDITIONAL COVERAGES OF A BUSINESSOWNERS POLICY, PROPERTY REMOVED TO PROTECT IT FROM LOSS WILL BE COVERED AT ANOTHER LOCATION FOR UP TO HOW MANY DAYS?

A

30

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5
Q

AFTER A VACANCY OF MORE THAN 60 CONSECUTIVE DAYS, VANDALISM AND MALICIOUS MISCHIEF COVERAGE IS EXCLUDED UNDER A DWELLING POLICY

A
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6
Q

INDIRECT LOSS

A

FOR A HOMEOWNER POLICY - EXTRA LIVING EXPENSE WHILE HOME IS BEING REPAIRED

FOR A BUSINESS POLICY - LOSS OF INCOME

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7
Q

UNOCCUPANCY

A

NO PEOPLE LIVING OR WORKING BUT SOME PROPERTY IS STORED

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