A company MUST offer claim payment if not in dispute, within how many days after affirmation of liability?

A. 20

B. 30

C. 45

D. 90

When developing an insurance scoring factor, a company may NOT consider:

A. Income

B. Amount of outstanding debt

C. History of late payments

D. Payment history on credit cards

Which of the following statements about a business entity is CORRECT?

A. A business entity must be a corporation

B. Business entities must notify the director of insurance in writing of a change of address within ten days of the change

C. Business entities may register no later than six months after beginning to conduct business as a licensed business entity

D. Each business entity shall disclose its licensed producer responsible for compliance

Insureds over age 55 who successfully complete an approved national or state motor vehicle accident prevention course will qualify for the premium reduc5tion for

A. 1 year

B. 2 years

C. 3 years

D. 4 years

The maximum coverage for automobile liability insurance under Illinois guaranty fund shall NOT exceed which amount?

A. There is no limit under the Illinois insurance guaranty fund

B. Policy limit of the automobile liability policy up to $500,000

C. $125,000 regardless of the policy limit

D. Statutory minimum liability limits