Hello Jan,

I am spending alot of timeon the PIP payout questions and going back over that in regards to when and how much they will pay in and out of state and if the insured party has their own PIP coverage under their own policy verses if it is someone who does not. It's get a little confusing on when and how much especially if the accident happens out of the state of Florida.

Yes, I would like additional study materials if you have any.

The course so far is right on with the book and has not been too bad. Thanks for asking.

Tamitrices Dudley

Jan,

Can you please give me an idea of the best way to study Unit 17? My head is spinning from all of that legal jargon. Will the state exam hit on those 'hard to remember' specifics?

Also, what are the best study matreials, and where can I get/buy? them, after I have gone through this OLT course and quizzes?

Thank you

Joe

Hi Jan,

My toughest time is Unit 8, it seems like BOP should cover everything, however it states it covers smaller business but its not clear how small of a business.  For example it states eligiblity for a BOP is Apartment houses and residential condominium association buildings but then on the next page it claims to specifically exclude Condominium association other than officeor residential condominium.  Is this because an insured has the option for an endt to add the coverage and/or the insurer can choose to exclude it?

Any help would be appreciated.  Thank you.  

Jan,

can you please clarify discrepancy (see below)?

The Study Manual shows

Although commercial property policies require a 45-day notice for nonrenewal, a commercial residential property policy requires a 100-day notice to the insured. If the non-residential commercial insured has had coverage with the same company for a least five years, the company must give 120 day's notice for cancellation or nonrenewal.

but the OLT course shows:

6.2c The Commercial Property Contract:

Contract Conditions:

The Study Manual describes several conditions of the commercial property policy:

Cancellation/Non-Renewal: The insurer is required to give 20 days notice of cancellation for cancellations within the first 90 days the policy is enforced. After the first 90 days, the insurer must give 45 days written notice of cancellation except for cancellation for nonpayment of premium, which is 10 days. The insurer must give at least 45 days written notice of non-renewal. The notice of non-renewal or cancellation must state the reason for cancellation or non-renewal unless the insurer is canceling for material misrepresentation or misstatement or failure to comply with the underwriting requirements of the insurer.

Although commercial property policies require a 45-day notice for nonrenewal, a commercial residential property policy requires a 100-day notice to the insured. If the non-residential commercial insured has had coverage with the same company for a least five years, the company must give 180 day's notice for cancellation or nonrenewal.

Hi Jan,

I am struggling with the question/answer from the HO quiz and I want to make sure the answer given is correct.

Are there any acceptable conditions in which a named insured is an entity under a homeowner's insurancepolicy?

	A. Yes, if the board members are over the age of 21
	B. No the named insured may not be an entity such as a corporation, partnership, estate or trust
	C. Yes, if an individual occupies the premises
	D. Yes, if an owner occupied condominium unit owner