Page 1 of 68
CALIFORNIA PROPERTY AND CASUALTY INSURANCE
EXAM COMPLETE 400 QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR
California Property and Casualty Insurance Exam
QUESTION: Medi-Cal will cover what part of medicare with no premium or deductible for the
eligible?
Part C
Part A
Part B
Part D - ANSWER-Part D
QUESTION: Flood insurance provided by NFIP is available for:
businesses and their contents
homes and their contents
mobile homes and condos
all of the choices - ANSWER-all of the choices
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QUESTION: Coverage under a general liability policy written for a U.S. insured would apply in
Japan under which of the following circumstance?
The insured accidentally injures another while in Japan on vacation
There is an injury resulting from the insureds product which was made in France
An individual buys the insureds product in the United States, but is injured when using the
product in Japan
The insured is flying to Japan from the United States - ANSWER-An individual buys the insureds
product in the United States, but is injured when using the product in Japan
QUESTION: Which of the following is NOT a party to a surety bond?
Surety
Principal
Bondsman
Obligee - ANSWER-Bondsman
QUESTION: The Boiler and Machinery limit of insurance is written as:
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As an Aggregate Limit
Any of the choices
A single limit of insurance per policy period
A single limit of insurance per accident - ANSWER-A single limit of insurance per accident
QUESTION: A self-insured retention acts as a deductible and applies to claims covered by an
umbrella policy, but excluded by an underlying policy in a personal umbrella. The S.I.R. ranges
from $250 to:
$1,500
$1,000
$500
$750 - ANSWER-$1,000
QUESTION: A fiduciary is:
a person who has no financial responsibility whatsoever.
a person who is in a position of financial trust.
buys and sells used autos for a nominal fee.
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a person that handles cash in excess of $10,000 every month without any oversight. - ANSWER-
a person who is in a position of financial trust.
QUESTION: All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Loss payee and address
Mortgage holders and address - ANSWER-Boiler and Machinery ExclusionsWhich of the
following is incorrect?
Part A covers long term care
Part A covers hospital care
Part B covers physicians
Part B requires monthly premium payments - ANSWER-Part A covers long term care
QUESTION: Medical payments coverage under the personal auto policy applies for medical bills
insured up to how long after an accident?
One year
4
CALIFORNIA PROPERTY AND CASUALTY INSURANCE
EXAM COMPLETE 400 QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR
California Property and Casualty Insurance Exam
QUESTION: Medi-Cal will cover what part of medicare with no premium or deductible for the
eligible?
Part C
Part A
Part B
Part D - ANSWER-Part D
QUESTION: Flood insurance provided by NFIP is available for:
businesses and their contents
homes and their contents
mobile homes and condos
all of the choices - ANSWER-all of the choices
1
,Page 2 of 68
QUESTION: Coverage under a general liability policy written for a U.S. insured would apply in
Japan under which of the following circumstance?
The insured accidentally injures another while in Japan on vacation
There is an injury resulting from the insureds product which was made in France
An individual buys the insureds product in the United States, but is injured when using the
product in Japan
The insured is flying to Japan from the United States - ANSWER-An individual buys the insureds
product in the United States, but is injured when using the product in Japan
QUESTION: Which of the following is NOT a party to a surety bond?
Surety
Principal
Bondsman
Obligee - ANSWER-Bondsman
QUESTION: The Boiler and Machinery limit of insurance is written as:
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,Page 3 of 68
As an Aggregate Limit
Any of the choices
A single limit of insurance per policy period
A single limit of insurance per accident - ANSWER-A single limit of insurance per accident
QUESTION: A self-insured retention acts as a deductible and applies to claims covered by an
umbrella policy, but excluded by an underlying policy in a personal umbrella. The S.I.R. ranges
from $250 to:
$1,500
$1,000
$500
$750 - ANSWER-$1,000
QUESTION: A fiduciary is:
a person who has no financial responsibility whatsoever.
a person who is in a position of financial trust.
buys and sells used autos for a nominal fee.
3
, Page 4 of 68
a person that handles cash in excess of $10,000 every month without any oversight. - ANSWER-
a person who is in a position of financial trust.
QUESTION: All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Loss payee and address
Mortgage holders and address - ANSWER-Boiler and Machinery ExclusionsWhich of the
following is incorrect?
Part A covers long term care
Part A covers hospital care
Part B covers physicians
Part B requires monthly premium payments - ANSWER-Part A covers long term care
QUESTION: Medical payments coverage under the personal auto policy applies for medical bills
insured up to how long after an accident?
One year
4
