In Property and Casualty Insurance when should insurable interest be present? In auto Insurance , when should insurable interest be present? On a DP1 Basic form ,how much will insurance company pay for the dwelling if destroyed? On a DP1 Basic form , how much coverage do you have for Coverage B? How do you determine Coverage D on a DP1 basic form What can added as an endorsement on DP1 that is already added on DP2 & DP3? Which Homeowner Policies are considered Basic Form ? Which Homeowner policies are considered Broad Form? Which homeowner policies are Special Form ? Which HO policy is considered Comprehensive ? When one producer employs another producer, the employing producer is responsible for : Renewal application and fees must be submitted at least how many days prior to license expiration? What happens when the Department decides not to issue a license? What happens if the applicant is not qualified to receive a license ? How many days does a producer have after being served to request a hearing ? When a policyholder contacts a producer and verbally requests modification be made to a policy or application, the producer has how many days to notify the policyholder the information has been submitted? How much is the per occurrence deductible on an Auto insurance coverage?

1. In Property and Casualty Insurance when should insurable interest be present?

at the time of both application and loss

2. In auto Insurance , when should insurable interest be present?

At time of loss

3. On a DP1 Basic form ,how much will insurance company pay for the dwelling if destroyed?

ACV

4. On a DP1 Basic form , how much coverage do you have for Coverage B?

10% of dwelling amount

5. How do you determine Coverage D on a DP1 basic form

10% of Dwelling

6. What can added as an endorsement on DP1 that is already added on DP2 & DP3?

VMM

7. Which Homeowner Policies are considered Basic Form ?

HO1 HO6

8. Which Homeowner policies are considered Broad Form?

HO2 HO4

9. Which homeowner policies are Special Form ?

HO3 HO8

10. Which HO policy is considered Comprehensive ?

HO5

11. When one producer employs another producer, the employing producer is responsible for :

the insurance related conduct of the employee

12. Renewal application and fees must be submitted at least how many days prior to license expiration?

!0 days

13. What happens when the Department decides not to issue a license?

applicant will be notified I writing , advised to their right of a hearing

14. What happens if the applicant is not qualified to receive a license ?

Department will send the case to the Office of Administrative Law for a hearing.

15. How many days does a producer have after being served to request a hearing ?

20 calendar days

16. When a policyholder contacts a producer and verbally requests modification be made to a policy or application, the producer has how many days to notify the policyholder the information has been submitted?

10 days

17. How much is the per occurrence deductible on an Auto insurance coverage?

$500