personal lines

Question 1

What is C of PAP

Answer 1

Uninsured Motorist

Question 2

Duties After an Accident or Loss of PAP

Answer 2

Part E:

Question 3

If a car is stolen what would this be covered under?

Answer 3

Comprehensive ( OTC) covers theft or larceny

Question 4

Offering benefits or services not specified in the policy

●1-year revocation of license/certificate

Answer 4

Rebating

Question 5

False, Misleading or deceptive statements about policy terms and benefits:

Answer 5

Misrepresentation

Question 6

maliciously critical statements about a Person or company.

With intent to injure reputation

Answer 6

DEFAMATION

Question 7

discrimination in rates, premiums, or benefits:

Answer 7

UNFAIR DISCRIMINATION

Question 8

misleading comparison of policies to persuade insured to cancel or switch policies

Answer 8

TWISTING

Question 9

untrue, deceptive, or misleading statements in insurance advertising

Answer 9

FALSE ADVERTISING

Question 10

Makes personal auto/home coverage available to all MI citizens

Answer 10

Essential Insurance Act

Question 11

the act of rejecting an application for insurance

Answer 11

Declination

Question 12

coverage includes: Personal Injury Protection, Property Protection,
Residual Liability

Answer 12

No Fault Automobile Coverage

Question 13

Guarantees insurance to anyone unable to obtain it through normal channels.
Every insurance company that writes auto insurance in the state of MI must participate in this program.

Answer 13

MI Automobile Insurance Placement Facility

AKA: Assigned Risk Plan

Question 14

A nonprofit association which reimburses each no-fault insurer for PIP related medical claims that exceeds $580,000

Answer 14

The MCCA (Michigan Catastrophic Claims Association)

Question 15

Licensed to sell, solicit, negotiate insurance

Answer 15

Producer

Question 16

Provides advice about benefits, coverage, policy terms

Answer 16

Counselor

Question 17

●Corporation, association, partnership

●LLC, LLP, other legal entity

Answer 17

Business entity

Question 18

Includes marine, credit, surety/fidelity, etc.

Answer 18

Limited lines

Types of licensees

Question 19

Withhold, or give false or misleading information to any insurance agency or organization Filing or entry of false records or financial statements Fine up to $1,500

Answer 19

False Statements

Question 20

Act resulting in monopoly or unreasonable restraint of trade

Answer 20

Boycott, Coercion, Intimidation