Personal Lines exam topics
Home, auto, liability, policy language, and Texas rules tested on this exam.
Showing 271 to 280 of 352 articles · Page 28 of 36
- Gramm-Leach-Bliley Privacy Rules for InsuranceThe Gramm-Leach-Bliley Act (GLBA) regulates how covered financial institutions, including many insurers, disclose consumers’ nonpublic personal financ…
- Insurance Application Errors and CorrectionsCorrect an insurance application error by notifying the insurer or agent promptly, identifying the exact question and accurate information, and reques…
- Terrorism Risk Insurance Act on the Personal Lines OutlineThe Texas Personal Lines outline names the Terrorism Risk Insurance Act (TRIA), so candidates should know its purpose: a federal backstop that shares …
- Policy Cancellation vs. NonrenewalCancellation ends an insurance policy before its expiration date; nonrenewal ends it at the scheduled expiration because the insurer will not continue…
- Primary vs. Excess Other Insurance ClausesOther-insurance clauses coordinate policies that cover the same loss. A primary clause makes one policy respond before another; an excess clause gener…
- Supplementary Payments in Liability CoverageSupplementary payments are specified expenses an insurer may pay in addition to covered liability damages, such as defense costs, certain bond premium…
- Waiver and Estoppel in Insurance ClaimsWaiver is the intentional relinquishment of a known contractual right; estoppel generally prevents a party from taking a position after another reason…
- Conditional, Unilateral, Adhesion, and Aleatory ContractsInsurance contracts are commonly described as conditional, unilateral, contracts of adhesion, and aleatory. Conditional means duties depend on stated …
- Loss Settlement and Consent to SettleA loss settlement provision explains how the insurer calculates and pays a covered loss, while consent-to-settle wording determines who may approve a …
- Duty to Defend vs. Duty to IndemnifyThe duty to defend is the insurer’s obligation to provide a legal defense when a suit’s allegations, read with the policy, potentially seek covered da…