Part F - General Provisions

Question 1

True or False

The general provisions of the PAP applies to all sections of the policy

Answer 1

True

Question 2

True or False

Bankruptcy relives the insurer of its obligations under the policy

Answer 2

False

Question 3

No changes must be made to a policy unless ____

Answer 3

They’re contained in a written endorsement issued by the insurance company

Question 4

What happens if the insurer makes a change that broadens the coverage & the change doesn’t generate a premium charge?

Answer 4

The change automatically applies to the insured’s policy

Question 5

Insured gives insurer rights of subrogation after loss payment

Answer 5

Right to recover payment

Question 6

True or False

The policy territory includes all of the following:

U.S., Puerto Rico, Canada & Mexico

Answer 6

False

Mexico is NOT in the policy territory

Question 7

During the first 60 days of a new policy, the insurer may cancel the policy by ____

Answer 7

Mailing a notice to the named insured

Question 8

If the insurer elects to non-renew a policy, a ____ day notice must be provided

Answer 8

20

Question 9

What happens to the policy if the insured fails to accept or pay for a renewal?

Answer 9

The policy automatically terminates