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…