Study guides, Class notes & Summaries

NJ Property/ Casualty Insurance Exam Set with Complete Solutions A+ Rated Why was the commercial Insurance Deregulation Act Created? To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are excluded fro...

NJ Property/ Casualty Insurance Exam Set with Complete Solutions A+ Rated NJ Property/ Casualty Insurance Exam Set with Complete Solutions A+ Rated Why was the commercial Insurance Deregulation Act Created? To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? Commercial policies When must rate amendments & policy forms ...

NJ Property Casualty Insurance Exam Practice Questions with Answers 2023 (Graded A+) What was the decision in the US v Southeastern Underwriting Association Case? - Answer Insurance is interstate commerce and should be subject to federal regulations (currently in effect today) What is the McCarran-Ferguson Act? - Answer The federal govt won't regulate insurance business as long as states perform an adequate job of managing their own insurance industries. When was the McCarran-Ferguson Act...

Why was the commercial Insurance Deregulation Act Created? - Correct Answer-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - Correct Answer-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - Correct Answer-30 days before What losses are excluded from flood insurance? - Correc...

Why was the commercial Insurance Deregulation Act Created? - Answer To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - Answer Commercial policies When must rate amendments & policy forms be filed with the commissioner? - Answer 30 days before What losses are excluded from flood insurance? - Answer -Landslides -Sewer bac...

NJ Property/ Casualty Insurance Exam Set 2023 with Complete SolutionsNJ Property/ Casualty Insurance Exam Set 2023 with Complete SolutionsNJ Property/ Casualty Insurance Exam Set 2023 with Complete Solutions Why was the commercial Insurance Deregulation Act Created? - ANSWER-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act...

Why was the commercial Insurance Deregulation Act Created? - ANSWER-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWER-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - ANSWER-30 days before What losses are excluded from flood insurance? - ANSWER--Landslides -Sewer b...

Why was the commercial Insurance Deregulation Act Created? - Answer- To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - Answer- Commercial policies When must rate amendments & policy forms be filed with the commissioner? - Answer- 30 days before What losses are excluded from flood insurance? - Answer- -Landslides -Sew...

NJ Property/ Casualty Insurance Exam Set Latest Solution 2023 Questions & Answers Why was the commercial Insurance Deregulation Act Created? - ANSWERS-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWERS-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - ANSWERS-30 da...