Rhode Island insurance Bundled Exams All Versions and Courses 2024/2025 Full solution pack

ten days - Answer-How many days does the insurer have to send out forms when notified of accident? 12:01 am - Answer-At what time is the policy effective? 25/50/25 - Answer-What are the financial responsibility limits in Rhode Island? subrogation - Answer-By virtue of payment, the insurance comp...

Powers and Duties of the Commissioner - Answer-Broad powers, examination of records, notice and hearing, penalties. Minimum Limits of financial responsibility - Answer-25/50/25 or $75,000 combined single limit Unfair Claim Practice - Answer-Failing to respond within 30 days Free Choice of Repair...

Terminal illness rider - Answer-Pays a partial benefit if the insured is diagnosed with a terminal illness as specified in the policy Death of payor Rider / payor death benefit rider / payor benefit clause - Answer-Waves premium on a juvenile policy until the insured reaches age 25 if the premium...

the role of insurance is to - Answer-transfer the risk of financial loss from an individual or business to an insurance company organized and incorporated under state law owned by stockholders who get a paid share of the company's profit through dividends. also referred to as a nonparticipating ...