Chapter 17: Alabama Property & Casualty Insurance Law| 2022/2023 Questions And Answers;(Perfect Guide For Your Final)

Does the employee and dependents have the right to further compensation or benefits other than those offered by Workers Comp? {Ans: No. Workers Comp is the exclusive remedy.}Surplus Line Producer Affidavit {Ans: The affidavit will contain details of the transaction and is designed to assist the state in determining the legality of the transaction. If required the insured will provide a written statement acknowledging the policy was written through an unauthorized insurance company with his/her consent.}Temporary Total Disability (Part of Workers Comp Disability Benefits) {Ans: (Can't work at all...right now)- The compensation is 66 2/3% of the employee's average weekly earnings during the period of disability}In the state of Alabama, if a policy has not been issued within 90 days, can a Binder be extended or renewed? {Ans: Yes. If a policy has not been issued within 90 days, a Binder may be extended or renewed with the approval of the Commissioner}How long does an Adjusters License remain in effect, and how is it renewed? {Ans: An adjusters license will remain in effect for 2 years unless otherwise revoked or suspended. To maintain the license, Adjusters must request renewal (continuation) in writing and pay the