Nj property Study guides, Class notes & Summaries

NJ PROPERTY PRODUCER LATEST UPDATE GRADED A+ Declarations Section of an insurance policy containing the basic underwriting information such as the insured's name, address, amount of coverage and premiums, and a description of insured's location. Where is Declarations page found? Usually first page. Insuring Agreement Section of an insurance policy containing the insurer's promise to pay. What does the insuring agreement list? Insuring agreement lists the parties to the contra...

NJ Property/ Casualty Insurance Exam Set With 100% Correct Answers 2023. 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 from f...

(T/F) All applicators of restricted-use pesticides of their supervisors must have state certification correct answer: True Pesticide applicators of restricted-use pesticides may be classified as private applicators if they apply pesticides - A. only on their own property B. to produce agricultural commodities primarily on the property of other people C. to produce agricultural commodities on their own property D. on the property of others for hire and their own property correct answ...

NJ PROPERTY/ CASUALTY INSURANCE EXAM 350 QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY A GRADED WITH EXPERT FEEDBACK TOP RATED VERSION FOR |NEW!!{REVISED}

PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien i...

NJ Tax Assessors Exam - Terms and Concepts Question and answers 100% correct 2023/2024 What are the three basic requirements of the assessor? - correct answer Discovery, listing, and valuation To find effective tax rate multiply the tax rate by ____? - correct answer Assessment level The six basic rights associated with property are ______? - correct answer Sell, lease/rent, use, give away, enter or leave, refusal to do any of the above What are the three major classifications of proper...

NJ Property Producer Exam with Certified Solutions Dwelling Policy Only insures property DP-1 Basic Form DP-2 Broad Form DP-3 Special Form Dwelling Coverage A Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C Personal Property- Covers the insured's personal property and must be requested. If rental pr...

NJ Property Producer License Questions and Answers Rated A+ A "certification of license status" report can be run on any currently licensed New Jersey producer, but can only contain information on formal disciplinary actions taken within the past 4 Years What is not an additional cause of loss in broad form commercial property policies Replacement Cost An installation floater is used to insure Appliances intended to become a permanent part of the building. The list of lines of...

NJ PROPERTY AND CASUALTY EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024. Which of the following is NOT an unfair claims practice? - Correct Answer-A- Refusing to pay a claim without investigating it B-Failing to affirm or deny coverage of claims within a reasonable time after proof of loss C-Promptly acknowledging communications pertinent to a claim D-Misrepresenting pertinent policy facts or provisions to claimants C- Promptly acknowledging communications pertinent to a claim is require...

NJ PSI PROPERTY AND CASUALTY EXAM NEWEST 2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A