CA Property and Casualty Insurance Practice Exam / Actual Questions and Correct Answers
(Verified, Detailed Answers) A Grade 2026/2026.
Terms in this set (75)
Which of the following is TRUE 1. Any person who is unable to obtain basic property insurance through normal
regarding
who qualifies for coverage under the channels.
California Fair Access to Insurance
Requirements plan?
1.
Any person who is unable to obtain
basic
property insurance through normal
channels.
2.
Any person who qualifies will
receive
superior coverage to other forms of
property insurance.
3.
Any person who does NOT have an
insurable interest in a property can
participate in the FAIR plan.
4.
Any person who qualifies will have
the
inspection automatically waived if
they are
a FAIR plan participant.
,A Special Surplus Line Broker is 3. transportation involving bridges and tunnels.
allowed to
place coverage with a non-admitted
insurer for all the following EXCEPT
1.
aircraft insurance.
2.
interstate commerce involving
railroads.
3.
transportation involving bridges and
tunnels.
4.
insurance against perils of navigation
for
import and exporting of goods.
Which of the following is TRUE 1. The fees and process are the same as for a personal lines licensee.
regarding
the application and renewal of the
limited
lines automobile insurance agent
license?
1.
The fees and process are the same as
for a
personal lines licensee.
2.
There are no fees for filing the
application
or renewal applications for the
license.
3.
The limited lines agent is ineligible to
become a property or casualty
broker-
agent.
4.
The agent must pass an examination
on the
insurance code and products, but
not
ethics.
Which of the following is TRUE 1. Any licensee shall satisfactorily complete 24 hours of instruction prior to
regarding license
continuing education requirements renewal.
,of an
agent or broker?
1.
Any licensee shall satisfactorily
complete
24 hours of instruction prior to
license
renewal.
2.
Any licensee in good standing for 10
years
may apply for exemption to the
continuing
education requirement if reputation
has
been proven.
3.
An agent or broker licensed in life
and
health requires more continuing
education
hours than an agent or broker
licensed in
property and casualty.
4.
A licensee who is 65 years or older
shall be
exempt from continuing education
hours if
reputation of agent or broker is in
good
standing for 25 years.
, Which is an ACCURATE statement 4. Eligible carriers do not need to file documents with the California
Department of
regarding the List of Approved Insurance.
Surplus
Lines Insurers?
1.
Participation in LASLI is mandatory
and all
approved non admitted insurers are
on the
list.
2.
Surplus lines insurers that are not on
the list
are unapproved for broker use.
3.
The same rules apply for U.S.
domiciled
and non U.S. domiciled carriers.
4.
Eligible carriers do not need to file
documents with the California
Department
of Insurance.
What 2 different types of areas are 4. Brush fire risk and inner city.
served
by the California Fair Access to
Insurance
Responsibilities plan?
1.
Poor and alien.
2.
Earthquake prone and rural.
3.
War zones and high crime.
4.
Brush fire risk and inner city.
Except in a case where the property 4. The extent to which the insured would be damnified by loss or injury to the
is
being held as a carrier or depository, property.
what
is the insurable interest is measured
by?
1.
The size of the premium.
(Verified, Detailed Answers) A Grade 2026/2026.
Terms in this set (75)
Which of the following is TRUE 1. Any person who is unable to obtain basic property insurance through normal
regarding
who qualifies for coverage under the channels.
California Fair Access to Insurance
Requirements plan?
1.
Any person who is unable to obtain
basic
property insurance through normal
channels.
2.
Any person who qualifies will
receive
superior coverage to other forms of
property insurance.
3.
Any person who does NOT have an
insurable interest in a property can
participate in the FAIR plan.
4.
Any person who qualifies will have
the
inspection automatically waived if
they are
a FAIR plan participant.
,A Special Surplus Line Broker is 3. transportation involving bridges and tunnels.
allowed to
place coverage with a non-admitted
insurer for all the following EXCEPT
1.
aircraft insurance.
2.
interstate commerce involving
railroads.
3.
transportation involving bridges and
tunnels.
4.
insurance against perils of navigation
for
import and exporting of goods.
Which of the following is TRUE 1. The fees and process are the same as for a personal lines licensee.
regarding
the application and renewal of the
limited
lines automobile insurance agent
license?
1.
The fees and process are the same as
for a
personal lines licensee.
2.
There are no fees for filing the
application
or renewal applications for the
license.
3.
The limited lines agent is ineligible to
become a property or casualty
broker-
agent.
4.
The agent must pass an examination
on the
insurance code and products, but
not
ethics.
Which of the following is TRUE 1. Any licensee shall satisfactorily complete 24 hours of instruction prior to
regarding license
continuing education requirements renewal.
,of an
agent or broker?
1.
Any licensee shall satisfactorily
complete
24 hours of instruction prior to
license
renewal.
2.
Any licensee in good standing for 10
years
may apply for exemption to the
continuing
education requirement if reputation
has
been proven.
3.
An agent or broker licensed in life
and
health requires more continuing
education
hours than an agent or broker
licensed in
property and casualty.
4.
A licensee who is 65 years or older
shall be
exempt from continuing education
hours if
reputation of agent or broker is in
good
standing for 25 years.
, Which is an ACCURATE statement 4. Eligible carriers do not need to file documents with the California
Department of
regarding the List of Approved Insurance.
Surplus
Lines Insurers?
1.
Participation in LASLI is mandatory
and all
approved non admitted insurers are
on the
list.
2.
Surplus lines insurers that are not on
the list
are unapproved for broker use.
3.
The same rules apply for U.S.
domiciled
and non U.S. domiciled carriers.
4.
Eligible carriers do not need to file
documents with the California
Department
of Insurance.
What 2 different types of areas are 4. Brush fire risk and inner city.
served
by the California Fair Access to
Insurance
Responsibilities plan?
1.
Poor and alien.
2.
Earthquake prone and rural.
3.
War zones and high crime.
4.
Brush fire risk and inner city.
Except in a case where the property 4. The extent to which the insured would be damnified by loss or injury to the
is
being held as a carrier or depository, property.
what
is the insurable interest is measured
by?
1.
The size of the premium.
