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Nevada Property and Casualty Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A

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Nevada Property and Casualty Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A

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Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Correct

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Property and Casualty Insurance Nevada State Law Supplement Questions and Answers 100% Correct A certificate of authority gives a(n) - Answer- Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it - Answer- May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - Answer- 5 years Which of these i...

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Nevada Property and Casualty Exam Questions and Answers 100% Correct

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Nevada Property and Casualty Exam Questions and Answers 100% Correct A insurance binder is effective for no more than - Answer- 90 Days Mr. Underwood gave his agent a down payment for the purchase of a business insurance policy. The insurance company issued a policy that promises to pay Mr. Underwood under terms and conditions stated in the policy. What specific term is used to refer to Mr. Underwood's payment and the insurance company's promise to pay? - Answer- Consideration Which of...

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Nevada Statutes & Regulations Common to Life and Health Only Questions and Answers 100% Pass

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Nevada Statutes & Regulations Common to Life and Health Only Questions and Answers 100% Pass Which of the following is NOT allowed in credit life insurance? - Answer- Creditor requiring that a debtor buys insurance from a certain insurer (In credit life insurance, creditor may require that the debtor has a life insurance, but they cannot tell you who to buy the insurance from.) The initial amount of credit life insurance may NOT exceed... - Answer- The amount to be repaid under the contr...

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Nevada Property & Casualty Exam Questions and Answers 100% Pass

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Nevada Property & Casualty Exam Questions and Answers 100% Pass Agreed value - Answer- Property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written. At the time of a loss, the policy pays the agreed value as specific on the policy schedule, regardless of the insured property's appreciation or depreciaion. Absolute liability - Answer- Any conduct that is inherent...

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