Personal Lines Exam Questions And Correct
Answers 2024-2025
Which of the following would be the most important factor when determining the rates
and premiums of an auto policy? The applicant's driving record - Answer
$50,000 surety bond from a company licensed to do business in California - Answer
California's Compulsory Financial Responsibility Law requires every driver and every
owner of a motor vehicle to maintain financial responsibility (liability coverage) at all
times. All of the following are acceptable forms of financial responsibility EXCEPT
18 months - Answer Anybody who claims that he or she meets the criteria based on a
driver's license and driving experience acquired anywhere other than the Unified States
of Canada is presumed to be qualified to purchase a Good Driver Discount policy.
Provided that person has been licenses to drive in the United States or Canada and
meets the criteria for that period for at least the previous
The authority is granted permission to transact insurance in this state as necessary to
sell policies of basic residential earthquake insurance, and shall be allowed to see
policies for any other line of insurance coverage. - Answer All of the following
statements are TRUE regarding the California Earthquake Authority EXCEPT
Becomes part of your residential property insurance policy - Answer The California
residential property disclosure statement serves the following purposes EXCEPT
5 days - Answer If an insured has an antique chair listed on his policy and he moves it to
a storage unit during a house fire, how many days will the antique chair be covered at its
new location under the Standard Fire Policy?
Only perils listed in the policy are covered - Answer The Standard Fire Policy is a named
perils contract, which means
Answers 2024-2025
Which of the following would be the most important factor when determining the rates
and premiums of an auto policy? The applicant's driving record - Answer
$50,000 surety bond from a company licensed to do business in California - Answer
California's Compulsory Financial Responsibility Law requires every driver and every
owner of a motor vehicle to maintain financial responsibility (liability coverage) at all
times. All of the following are acceptable forms of financial responsibility EXCEPT
18 months - Answer Anybody who claims that he or she meets the criteria based on a
driver's license and driving experience acquired anywhere other than the Unified States
of Canada is presumed to be qualified to purchase a Good Driver Discount policy.
Provided that person has been licenses to drive in the United States or Canada and
meets the criteria for that period for at least the previous
The authority is granted permission to transact insurance in this state as necessary to
sell policies of basic residential earthquake insurance, and shall be allowed to see
policies for any other line of insurance coverage. - Answer All of the following
statements are TRUE regarding the California Earthquake Authority EXCEPT
Becomes part of your residential property insurance policy - Answer The California
residential property disclosure statement serves the following purposes EXCEPT
5 days - Answer If an insured has an antique chair listed on his policy and he moves it to
a storage unit during a house fire, how many days will the antique chair be covered at its
new location under the Standard Fire Policy?
Only perils listed in the policy are covered - Answer The Standard Fire Policy is a named
perils contract, which means
