CA Property and Casualty Insurance
Quiz_________________?
"Notice of legal action" can mean all of the following EXCEPT
1.
notice of action commenced against the insurer with respect to a claim.
2.
notice of action against the insured received by the insurer.
3.
notice of action against the principal under a bond.
4.
notice of action against the agent. -
Answer✅
4. notice of action against the agent.
Quiz_________________?
"Person" means all of the following EXCEPT
1.
an association.
2.
a corporation.
3.
1
, a business trust.
4.
an organizational trust. -
Answer✅
4. an organizational trust.
Quiz_________________?
66. Which is TRUE regarding expectant or contingent interest?
1.
Expectant or contingent interest constitutes insurable interest.
2.
Expectant or contingent interest does NOT constitute insurable interest.
3.
Expectant interest or contingent interest qualifies for insurable interest with a waiver.
4.
Both are considered insurable interest, but for only 50% of the value. -
Answer✅
2. Expectant or contingent interest does NOT constitute insurable interest.
Quiz_________________?
A personal lines licensee is an agent-broker who is able to transact coverage for all of the
following EXCEPT
1.
personal aircraft.
2.
earthquake and flood.
3.
2
, residential property.
4.
automobiles and recreational vehicles. -
Answer✅
1. personal aircraft.
Quiz_________________?
A Special Surplus Line Broker is 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. -
Answer✅
3. transportation involving bridges and tunnels.
Quiz_________________?
All of the following are a duty of an insurer in regards to claims on file and record
documentation EXCEPT
1.
maintaining claim data so that an insurer shall be able to provide the claim number, line of
coverage, and other pertinent data.
2.
3
, recording the date the licensee received, date(s) the licensee processed and date the
licensee transmitted or mailed every material and relevant document in the file.
3.
maintaining any sales material, which had a material impact on the claims process.
4.
maintaining claim files that are accessible, legible, and claim of duplication. -
Answer✅
3. maintaining any sales material, which had a material impact on the claims process.
Quiz_________________?
All of the following are cause for cancellation of an automobile policy EXCEPT
1.
nonpayment of premium.
2.
the suspension of the primary insured's driver's license
3.
discovery of a criminal record for a felony.
4.
a substantial increase in the hazard insured against. -
Answer✅
3. discovery of a criminal record for a felony.
Quiz_________________?
All of the following are duties of a Managing General Agent EXCEPT
1.
delivering policies to the insured.
2.
4
Quiz_________________?
"Notice of legal action" can mean all of the following EXCEPT
1.
notice of action commenced against the insurer with respect to a claim.
2.
notice of action against the insured received by the insurer.
3.
notice of action against the principal under a bond.
4.
notice of action against the agent. -
Answer✅
4. notice of action against the agent.
Quiz_________________?
"Person" means all of the following EXCEPT
1.
an association.
2.
a corporation.
3.
1
, a business trust.
4.
an organizational trust. -
Answer✅
4. an organizational trust.
Quiz_________________?
66. Which is TRUE regarding expectant or contingent interest?
1.
Expectant or contingent interest constitutes insurable interest.
2.
Expectant or contingent interest does NOT constitute insurable interest.
3.
Expectant interest or contingent interest qualifies for insurable interest with a waiver.
4.
Both are considered insurable interest, but for only 50% of the value. -
Answer✅
2. Expectant or contingent interest does NOT constitute insurable interest.
Quiz_________________?
A personal lines licensee is an agent-broker who is able to transact coverage for all of the
following EXCEPT
1.
personal aircraft.
2.
earthquake and flood.
3.
2
, residential property.
4.
automobiles and recreational vehicles. -
Answer✅
1. personal aircraft.
Quiz_________________?
A Special Surplus Line Broker is 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. -
Answer✅
3. transportation involving bridges and tunnels.
Quiz_________________?
All of the following are a duty of an insurer in regards to claims on file and record
documentation EXCEPT
1.
maintaining claim data so that an insurer shall be able to provide the claim number, line of
coverage, and other pertinent data.
2.
3
, recording the date the licensee received, date(s) the licensee processed and date the
licensee transmitted or mailed every material and relevant document in the file.
3.
maintaining any sales material, which had a material impact on the claims process.
4.
maintaining claim files that are accessible, legible, and claim of duplication. -
Answer✅
3. maintaining any sales material, which had a material impact on the claims process.
Quiz_________________?
All of the following are cause for cancellation of an automobile policy EXCEPT
1.
nonpayment of premium.
2.
the suspension of the primary insured's driver's license
3.
discovery of a criminal record for a felony.
4.
a substantial increase in the hazard insured against. -
Answer✅
3. discovery of a criminal record for a felony.
Quiz_________________?
All of the following are duties of a Managing General Agent EXCEPT
1.
delivering policies to the insured.
2.
4
