Exam Fx Ga Property And Casualty - Ecam Guide

The process of determining the premium charged and how much insurance is required for a particular loss is called... {Ans: Loss Valuation}What type of licensee represents the insurance company? {Ans: the agent}Who would participate in a Write your own (WYO) flood insurance program? {Ans: Private Insurers that wish tot write and service national flood insurance policies on a no-risk bearing basis.}If an insurer holds a Certificate of Authority, it is known as what type of insurer? {Ans: Authorized or Admitted}Who is responsible for the costs associated with the examination of insurers? {Ans: The insurer who is being examined}How long is workers comp treatment allotted for? {Ans: Max 400 weeks from the date of the accident, unless its catastrophic injuries.}Who may share in the commission from the sale of an insurance policy? {Ans: only producers properly licensed for the type of insurance transaction}What are some of the exclusions found in all 3 dwelling forms? {Ans: Earth movement, water damage, power failure, neglect, war, nuclear hazard, intentional loss, freezing of plumbing, ordinance of law,, and government action}To whom may a certificate of authority be issued? {Ans: to an insurer authorized to transact business