California Property and Casualty Insurance Exam Questions and Answers 100% Correct

What is the required rate discount under a Good Driver Discount policy?20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agentCharges and collects a brokers fee for service What is the procedure for refusing uninsured motorist coverage in a liability policy?Prior to issuance or renewal, the insured may state in writing that they do not want the coverage How many classes of insurance are defined under California Insurance Law, including "miscellaneous" and "reserved"There are a total of 20 classes of insurance defined under California Law, with many sub-classes. When can a person who sells real property require the use of a specific insurance agent, broker or solicitor?A buyer is always able to choose their own insurance representative All the following are requirements for determining an area that qualifies for Low Cost Automobile Insurance EXCEPTThe number of auto accidents that occur within the country Which of the following describes a contract of reinsurance?The first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer The managing General Agent negotiates and binds ceding Insurance on behalf of whom?The insurer All of the following are duties of a Managing General Agent EXCEPTDelivering policies to the insured Who is able to place business through the California Automobile Assessed Risk Program?Only agent/brokers licensed in fire and Casualty who have also been certified through CAARP Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker?The loan recipient may always select a particular agent or broker of their choosing All of the following apply to "Approved of Insurance Rates" EXCEPTA commissioner shall notify the public of a rate change after it has been approved Who must be able to inspect records of insurance transactions made