Property and Casualty Exam Prep (AR)
The minimum amounts of auto liability required in AR is? - answer25,000PP, 50,000 per
accident, 25,000 PD
The minimum amount of Uninsured Motorist coverage required in AR is? -
answer25,000PP, 50,000 per accident
The common Policy declaration of the commercial package policy would provide what
information? - answer Insureds Business Description
How does the dwelling policy provide theft coverage? - answerIt 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.. -
answer20 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.. - answer70% 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? - answerUnoccupied
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... - answerTwisting
Transacting insurance means all of the following - answerSoliciting 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?
- answer20 days
The Property and Casualty Insurance Guarantee Program will only pay a maximum of
how much for any individual covered claim for unearned premium? - answer$25,000.00
A dwelling policy can be used to insure all of the following except..
