Property and Casualty Exam Prep Arkansas Health Insurance Final Complete Exam 2024

Property and Casualty Exam Prep Arkansas Health Insurance Final Complete Exam 2024 The minimum amounts of auto liability required in AR is? - CORRECT ANSWER25,000PP, 50,000 per accident, 25,000 PD The minimum amount of Uninsured Motorist coverage required in AR is? - CORRECT ANSWER-25,000PP, 50,000 per accident The common Policy declaration of the commercial package policy would provide what information? - CORRECT ANSWER-Insureds Business Description How does the dwelling policy provide theft coverage? - CORRECT ANSWER-It must be added by endorsement When an insurer cancels an auto liability policy for an reason other than non payment of the premium in Arkansas, it is required to give the insured written notice at least.. - CORRECT ANSWER-20 days in advance Automobile insurance policies covering private passenger vehicles in Arkansas must include no-fault benefits for loss of income. For a working individual who is disabled because of an accident, the benefit percentage and duration is.. - CORRECT ANSWER-70% of the loss of income- up to 52 weeks Which of the following terms describes a building in which no one is present but occupants intend to return? - CORRECT ANSWER-Unoccupied Making statements that misrepresent an insurance policy in order to induce an insured to replace the contact with one issued by another carrier is a prohibited practice known as... - CORRECT ANSWER-Twisting Transacting insurance means all of the following - CORRECT ANSWER-Soliciting Insurance, Writing an application, and Negotiating Insurance. When an insurer decides not to renew an auto liability policy, it is required to give written notice of non renewal to the named insured at least how many days in advance? - CORRECT ANSWER-20 days The Property and Casualty Insurance Guarantee Program will only pay a maximum of how much for any individual covered claim for unearned premium? - CORRECT ANSWER-$25,000.00 A dwelling policy can be used to insure all of the following except..