Study 4 Exam Flashcards
Symbol 1
Least Restrictive, covers any auto.
Symbol 2
Owned Autos Only
Symbol 3
Owned Private Passenger Autos Only
Symbol 4
Owned Autos Other Than Private Passenger Autos Only
Symbol 5
Owned Autos Subject to No Fault
Symbol 6
Owned Autos Subject to a Compulsory Uninsured Motorist Law
Symbol 7
Specifically Described Autos
Symbol 8
Hired Autos Only
Symbol 9
Non-Owned Autos Only
CGL Coverage C
Medical Payments
PIP Range
10k - 35k
Funeral Expense under PIP
2k
Phantom Vehicle Reporting Window
72 Hours
A binder is good for ____ days
90
Rebating is paying anyone over $____
100
Years a producer must keep transaction records
5
You have ___ days to change your address
30
A temporary license is good for _____
180 days
You must hold onto continuing education certs for ____ years
3
Certificates of authority renew yearly on _____
July 1st
Max loss of service a day for pip: $____
40
PIP rejections must be held onto for ____ years
3
Minimum window for cancelling an auto policy for reasons other than nonpayment
20 days
Minimum window for cancelling an auto policy for nonpayment
10 days
Traffic violations/accidents are only relevant for ___ years
3
Years a license can be suspended for not meeting limits of responsibility:
3
Minimum window for cancelling a home policy for nonpayment
10 days
Auto Coverages
Part A - Liability
Part B - Medical
Part C - UIM
Part D - Physical Damage (coll/oct)
Dwelling Coverages
Coverage A - Dwelling Coverage B - Other Structures Coverage C - Insured's Personal Property Coverage D - Fair Rental Value Coverage E - Extra Living Expense
Homeowners Coverages
Coverage A - Dwelling
Coverage B - Other Structures
Coverage C - Personal Property
Coverage D - Loss of Use
Commercial General Liability Coverages
Coverage A - Liability (BI & P)
Coverage B - Personal/Advertising Injury
Coverage C - Medical Payment
Worker’s Compensation 1-6
1 - Worker's Comp Insurance 2 - Employer's Liability 3 - Other States 4 - Your Duties if Injury Occurs 5 - Premium 6 - Conditions
Farm Coverages
A - Farm Dwelling (dwelling) B - Other Structures (dwelling) C - Personal Property (dwelling) D - Loss of Use (dwelling) E - Scheduled Farm Property F - Unscheduled Farm Property G - Farm Structures H - Farm Comprehensive Personal Liability I - Personal/Advertising Injury J - Medical Payments
Basic Perils
Fire, Lightning, Internal Explosion
Basic Perils Extended Coverage
Wind Civil Commotion Smoke Hail Airplane Vehicles Volcanic Eruption Explosion Riot Vandalism Malicious Mischief
Broad Perils
Burglary damage Ice (weight of) Glass Breakage Accidental Discharge of Water Freezing Objects Falling Objects Electrical Current Collapse Tearing Asunder
