West Virginia Adjusters Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the West Virginia Adjusters Exam with confidence. Utilize our comprehensive quiz platform that includes multiple-choice questions, detailed hints, and explanations to prepare effectively. Ace your exam and kickstart your career in insurance adjusting!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Dependable Insurance Services wants to cancel Owen's policy because he has not paid his insurance premium. Which of the following is true?

Dependable Insurance can cancel the policy immediately without notice.
Dependable Insurance must notify Owen in writing at least 10 days before ending the policy.
Dependable Insurance must notify Owen in writing at least 30 days before ending the policy.
Dependable Insurance cannot cancel the policy for non-payment.

The correct answer is: Dependable Insurance can cancel the policy immediately without notice.

Dependable Insurance Services can cancel Owen's policy immediately without notice because he has not paid his insurance premium. This is the truth because non-payment of premium is considered a material breach of the insurance contract, giving the insurance company the right to terminate the policy without any prior notification. Options B and C are incorrect because they suggest that Dependable Insurance needs to provide written notice before cancelling the policy, which is not required in this situation. Option D is also incorrect because non-payment of premium is a valid reason for an insurance company to cancel a policy.