Nj Property/ Casualty Insurance Exam Set Latest 2024 Actual Exam 358 Questions And Correct Detailed Answers With Rationales|already Graded A+

Who approves hurricane insurance deductibles in NJ? {Ans: Dept of Banking & Insurance or Insurance Commissioner}Which of the following would most likely not be covered under Coverage A in a Dwelling Policy? A. Stolen lawnmower of a renter used to service the premises B. Outdoor personal property C. Supplies for construction D. Fire damage to building materials {Ans: A. Stolen lawnmower of a renter used to service the premises}ABC company sold a blender to an individual, the blender malfunctioned, injured its owner and caused a fire that burned down the house. ABC Company's product and completed operation policy will pay everything EXCEPT: {Ans: Replacement of Blender}All forms of homeowner's policies exclude: a. hail b. earth movement c. volcanic explosion d. cyclones {Ans: b. earth movement}Ray, a licensed producer, was killed in a motorcycle accident. If his partner asks another producer to continue his business transaction, how long can his temporary agreement last? {Ans: 180 days}What is the limitation on platinum coins under a HO policy? {Ans: $200}When may a nonresident agent conduct business under an assumed name? A. Never B. After submitting the name to the Commissioner C. After filing the name with the