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California Insurance Code And Ethics
Exam | Comprehensive Key Questions &
Solutions
Define Accident & Health Agents:
What does this include? - correct-answer -May transact only
Sickness
Bodily Injury
Accidental death
Disability income
24-hour coverage.
What does Property & Casualty License Include (5)? - correct-answer -Automobile
Insurance
Personal Watercraft
Residential Property (including earthquake and flood)
Inland marine insurance
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Umbrella or excess liability insurance.
Define Personal Lines:
What does it insure? - correct-answer -Personal automobile liability coverage
Physical damage coverage
Collision coverage.
Surplus Line Broker - correct-answer -Authorized to transact insurance with a non-
admitted insurer only if a specific class of insurance cannot be obtained for
admitted insurers.
Describe what Prohibited Actions (CIC 1631, 1633) are in insurance: - correct-
answer -No person may perform the activities of an insurance agent or broker
without holding the appropriate valid licenses described in the Insurance Code
including soliciting, negotiating, and executing contracts of insurance.
What is Unlawful Insurance Fraud?
What happens if one commits this crime? What happens if one is found guilty of
embezzlement? Who may be found guilty? - correct-answer -Any person engaged
California Insurance Code And Ethics
Exam | Comprehensive Key Questions &
Solutions
Define Accident & Health Agents:
What does this include? - correct-answer -May transact only
Sickness
Bodily Injury
Accidental death
Disability income
24-hour coverage.
What does Property & Casualty License Include (5)? - correct-answer -Automobile
Insurance
Personal Watercraft
Residential Property (including earthquake and flood)
Inland marine insurance
, 2|Page
Umbrella or excess liability insurance.
Define Personal Lines:
What does it insure? - correct-answer -Personal automobile liability coverage
Physical damage coverage
Collision coverage.
Surplus Line Broker - correct-answer -Authorized to transact insurance with a non-
admitted insurer only if a specific class of insurance cannot be obtained for
admitted insurers.
Describe what Prohibited Actions (CIC 1631, 1633) are in insurance: - correct-
answer -No person may perform the activities of an insurance agent or broker
without holding the appropriate valid licenses described in the Insurance Code
including soliciting, negotiating, and executing contracts of insurance.
What is Unlawful Insurance Fraud?
What happens if one commits this crime? What happens if one is found guilty of
embezzlement? Who may be found guilty? - correct-answer -Any person engaged
