West Virginia Insurance Property & Casualty Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update

West Virginia Insurance Property & Casualty Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update
Question : a domestic user will be examined by the
commissioner at least once every ___
Correct answer: 5 years.
Question : an insurance company owned by its policyholder is
known as ___
Correct answer: mutual insurance company.
Question : an insurance company headquartered in ohio,
conducting business with west virginia is know as ___
Correct answer: foreign insurer.
Question : agent wilson strikes a deal with his client: if the
client agree to purchase homeowners insurance from agent
wilson, wilson will waive the clients first premium payment.
wilson is guilty of ___
Correct answer: rebating.
Question : insurance policies and forms must be filed with
and approved by the commissioner within how many days?
Correct answer: 60 days.
Question : the ___ states that insurers issuing fire insurance
policies on real property in west virginia are liable for the
limit of insurance on the property in case of total loss by fire
or as otherwise stated in the policy.
Correct answer: valued policy law.

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