Ms Property & Casualty Exam 2023/2024 Graded A+

24 hrs & 3 of those hours ethics {Ans: To renew a producer license which is been in affect more than 18 months, a producer must complete ___________}No benefit to Bailee {Ans: A condition that states that the bailee is not covered under the insurance policy while the Bailee has possession of the insured's property}Vicarious lability (imputed liability) {Ans: When a person may be held responsible for the negligent acts of another person}35% {Ans: Control business - and licensee is not permitted to earn commissions on all business written in a 12 month period in excess of ____ of the aggregate commissions}Retroactive benefits ; 14 days {Ans: ___________ ___________ are later paid for the initial days of disability if the disability continues beyond ____ days}May 1st {Ans: When does the commissioner submit an annual report to the governor?}Representations {Ans: Statements that the applicant "believes" are true- found in applications}Morale {Ans: Careless, irresponsible}$1,500 {Ans: How much is watercraft, including trailers & equipment && trailers not used with watercraft covered under homeowners?}You, family members and passengers {Ans: Medical payment under PAP covers who if injury in vehicle?}Insurable interest {Ans: A relationship