NAME

Question types


Start with


Question limit

of 20 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. All of the following events are considered acts of terrorism except: A. Acts of riot and civil commotion; B. Acts considered dangerous to human life, property or infrastructure; C. Acts resulting in damage within or outside the United States; D. Acts committed by an individual or individuals acting on behalf of any foreign person or foreign interest.
  2. An insurance company that is formed and domiciled under the laws of a particular state is an example of a(n):
  3. An act of terrorism must be "certified" to be such an act by:
  4. Should an agent or adjuster have a change of address, the obligation to notify the state insurance dept. lies with:
  5. No act will be certified by the Secretary as an act of terrorism under the Federal Terrorism Act if: A. The act is not committed as part of the course of war declared by Congress; B. The act is one of terrorism as defined by the Act; C. The losses that occur relate to commercial property risks; D. The losses that occur relate to life insurance.
  1. a Domestic Insurer
  2. b The Secretary of Treasury in concurrence with the Secretary of State, and the Attorney General of the U.S. certifies an act of terrorism.
  3. c D. Life insurance losses are not covered by the act.
  4. d A. Acts of riot and civil commotion are not covered under this at. These perils are covered under most property insurance contracts.
  5. e The licensee. The person who holds the license is responsible to report the change of address to the state insurance dept.

5 Multiple choice questions

  1. Fair labor standards and anti-trust matters
  2. Both federal & state government
  3. TWISTING--making unfair or inaccurate comparisons to induce a person to drop their current coverage.
  4. Must satisfy the insurance department that you are TRUSTWORTHY.
  5. D. All of these are considered to be unfair claim practices.

5 True/False questions

  1. All of the following are considered acts of rebating except: A. An agent provides an all-expenses paid cruise to a client and his wife in exchange for writing the coverage on his national chain of restaurants; B. An agent sends holiday greeting cards to all the clients on his mailing list; C. An adjuster receives a monthly check from an auto body repair shop for recommending the repair shop to clients who have a claim; D. All of these situations are considered acts of rebating.A. Acts of riot and civil commotion are not covered under this at. These perils are covered under most property insurance contracts.

          

  2. An insurer that refuses to pay claims without conducting a reasonable investigation based upon all available information is guilty of:Unfair claim settlement practices. Conducting a prompt, reasonable and thorough investigation is a requirement. If not conducted in this manner, it is considered a violation of the unfair claim practices.

          

  3. An insurer that distributes a statement that misrepresents the benefits, advantages, conditions, or terms of any insurance policy would be guilty of:Unfair claim settlement practices. Conducting a prompt, reasonable and thorough investigation is a requirement. If not conducted in this manner, it is considered a violation of the unfair claim practices.

          

  4. Which of the following would be considered an Unfair Trade Practice? Twisting? Rebating? Coercion? or All?D. Declining to pay a claim that is not covered is not considered to be an unfair claims practice act. However, not responding promptly in the claim investigation is a violation.

          

  5. None of the following can be covered by the Federal Terrorism Act Insurance Program except: A. Most commercial property and casualty risks; B. Federal crop insurance; C. Personal insurance policies; D. Health and life insurance policies.A. Acts of riot and civil commotion are not covered under this at. These perils are covered under most property insurance contracts.

          

Create Set