Utah law Supplement Flashcards
49
Producers must inform the state insurance department of a change of address within:
A: 10
B: 30 days
C: 60 days
d: 90 days
30 days
50
All the following are examples of misrepresentation EXCEPT:
This A. Comparing the insurance policy being offered with several competitors policies of the same type
B. Describing the policy dividend of the participating insurance policy as a guaranteed return of premium
C. Describing the insurance policy being offered as a share of the insurance companies stock
D. Telling the prospective customer that the insurance companies A+ rating means it is certain the company will never become insolvent
48
All the following statements regarding property insurance binders in Utah are correct EXCEPT:
A: Banks are encouraged but never obliged to except an insurers binder
B: The insurer must issue a policy or binder as soon as reasonably possible after negotiation of been any oral contract
C: no binder is a valid be in the issuance of the policy as to which the binder was given, or me on 150 days from the binders effective date, whichever occurs first
D: binders may be made early or in writing
A
47
A primary purpose for the insurance plan is to
A. Provide auto insurance to you to consumers at a premium that is less than the national average
B. Generate competition among insurers to keep an eye on the insurance premiums as low as possible in the state
C. Make available, to Utah individuals who cannot otherwise obtain it, certain types of automobile insurance coverage
D. Encourage and on the owners to purchase the Hastings of coverage for which they qualify
C
46
All of the following would be considered an uninsured motor vehicle under Utah Law except
A. A vehicle that did not make contact with the insured’s vehicle if there was an independent witness to the event
B. A vehicle that is insured but the insurer denies liability for the accident
C. A hit and run vehicle that makes contact with the insured’s vehicle but is unidentified
D. A vehicle that was insured under an automobile liability policy but the insurer is insolvent
A
45
Which of the following is NOT considered an employer or under the Utah occupational disease act?
A. And agricultural employer with 50 employees
B. An independent contract with five employees
C. A municipal school district
D. A public utility
A
44
Controlled Business refers to insurance written upon the following EXCEPT
A. Friends of the producer
B. A producers employer
C. Employees of the producer
D. Relatives of the producer by blood or marriage
A
43
Which of the following statements regarding uninsured motorist coverage under an automobile policy is correct?
A. Coverage must be offered but may be rejected by the insured
B. Coverage must be included for an amount equal to the limit for bodily injury liability.
C. Coverage may be included at the option of the insurance company.
D. Coverage may or may not include under-insured motorist.
A
42
Which of the following would NOT be considered an unfair claims settlement practice?
A. Failing to acknowledge receipt of a claim within five days
B. Failing to adopt reasonable standards for investigating claims
C. Making claims payment without indicating the coverage affected
D. Paying claims without conducting a reasonable investigation
D
41
Which of the following is NOT required to renew our producer license?
A. Payment of the applicable renewal fee
B. Completion of the continuing education requirement
C. Completion of an application form
D. A valid appointment from an insurance company
D
40
In lieu of an examination, the commissioner can accept any of the following EXCEPT
A. The insurers annual report
B. And a valuation made by an actuary
C. An examination made by the insurance department or another state or government agency in Utah or another state
D. And AUDIT already made by a CPA
A
39
In addition to a state license, what must all producers obtained to transect insurance business in Utah?
A. Appointment from at least one insurer
B. A commitment from at least two prospective clients
C. Licensure from an insurer
D. Verification from at least one Insurer
A
38
Which of the following is NOT grounds to cancel a property policy that has been in effect for more than 60 days?
A. A non-material MISTATEMENT the applicant makes in obtaining insurance
B. A minor increase in the risk of loss to be insured
C. Any breach of contractual duties are conditions
D. Nonpayment of premium
B
37
Uninsured motorist coverage must have minimum bodily injury limits of at least $10,000 for injury to one person and _______ for injury to two or more persons in any one accident.
A. $20,000
B. $35,000
C. $50,000
D. $75,000
A
36
Anyone who is in the business business of providing transportation services must have uninsured motorist coverage for all vehicles of at least _____ per person and ______ per accident.
A. $25,000, $50,000
B. $50,000, $100,000
C. $25,000, $500,000
D. $50,000, $200,000
C
35
Under Utah’s Worker’s Compensation law, benefits for a temporary disability will be paid for only up to
A. 104 weeks
B. 260 weeks
C. 312 weeks
D. 520 weeks
C
33
Which of the following would NOT be an eligible beneficiary under personal injury protection coverage attached to a personal auto policy?
A. The named insured spouse & children who all live at the insureds address.
B. Persons not related to the insured, but who reside in the named insured’s household.
C. Pedestrians injured in an accident involving the described motor vehicle.
D. A person injured while operating the covered motor vehicle with the consent of the named insured.
B
34
Each of the following statements is true about Worker’s Compensation insurance in Utah EXCEPT
A. Coverage is mandatory for partners of the partnership, sole proprietors, and corporate officers and directors
B. Coverage is available through private insurers or a competitive state fund
C. The state fund is obligated to accept all risks that are submitted to it
D. Employers are liable for the payment of disability and medical benefits to every employee who becomes disabled as a result of an occupational disease
A
32
How much coverage does the personal injury protection endorsement to a personal auto policy provide for funeral expenses?
A. $500
B. $1,500
C. $3,000
D. Funeral expenses are not covered
B
31
Personal injury protection coverage is an benefits include
A. Reasonable med. expenses of up to $3000 per person
B. The lessor of $250/wk or 85% of any loss of gross income and earning capacity
C. Funeral, burial, or cremation bene’s
D. All of above
D
