NJ STATE Final Exam Property and Casualty Questions with Correct Answers

Professional liability policies protect against liability resulting from Correct Answer A. Errors and Omissions Page 46 Mini-Tail or Extended. Page 60 Correct Answer B. 60 Days after expiration date Not an exclusion under auto physical damage selection. Page 28 Correct Answer C. Carpools Not a covered territory in the personal auto policy. Page 25 Correct Answer C. Mexico Which is covered under other than collision section of your auto policy. Page 26 Correct Answer A. Hail damage to your car Nationwide Marine Define classifies risks can be written. Page 95 Correct Answer B. Inland marine form Assignment provision of policy to another person without written consent page 51 Correct Answer A. Get permission from insurance Not something of value exchanged policy. Page 13 Correct Answer D. Application given to prospective insured The following are insured under auto policy EXCEPT. Page 38 Correct Answer B. Spouse of name insured NOT living in household Occurrence form trigger based on. Page 17 Correct Answer D. Date injury occurs Maximum coverage bodily injury offered by NJ Full Insurance Underwriting Association. Page 55 Correct Answer D. $500,000.00 Duties of insurer include all of the following EXCEPT Correct Answer B. Notify the insured if financial difficulty List of lines or classes of insurance for there exists no reasonable market among authorized insurers in the state. Page 61 Correct Answer A. Exportable List Which of the following best describes an insurance company that has been formed in home state? Page 99 Correct Answer Domestic Maximum penalty for the 1st violation of insurance law. Page 105 ON State exam! Correct Answer $5,000.00.