Nj property Study guides, Class notes & Summaries

NJ Property Insurance Practice Exam With 100% Correct Answers 2023

The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartment building. B. A farm owner. The term Insured Location under Section ...

NJ Property Producer Exam 2023 – 2024

NJ property insurance law Exam with complete solutions In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium 10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of the employee ...

Risk - ANSWER-the chance or uncertainty of loss Risk - ANSWER-used within the insurance industry to refer to the subject of the insurance policy Possibility of loss - ANSWER-the concept of risk involves ___________________ Insurance - ANSWER-a formal social device used to accomplish the transfer of risk from an insured to the insurer Insurance policy - ANSWER-a legal contract in which the premium paid represents a small certain cost exchanged so that the insurer will cover the possib...

NJ real estate exam questions and answers 100% pass Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land ...

NJ Core Applicator Test 180 questions and verified answers 2023. 1. Applicators of all pesticides or their supervisors must have state certification.T/F: True 2. Pesticide applicators 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: c) to p...

Nj Property & Casualty Practice PSI Exam Questions With Verified Correct Answers 2023 Solution Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANS -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning af...

NJ Property/ Casualty Insurance Exam Set (2024) Latest Questions With Complete Solutions.