CA Property and Casualty Insurance Practice
Exam | Study Guide Questions with Verified
Answers | 2026 | 2027 (Rated A) Latest Update.
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Terms in this set (75)
Which of the following is TRUE 1. Any person who is unable to obtain basic
regarding who qualifies for property insurance through normal channels.
coverage under the 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
regarding the application and personal lines licensee.
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
regarding continuing education hours of instruction prior to license renewal.
requirements 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
regarding the List of Approved with the California Department of 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.
Exam | Study Guide Questions with Verified
Answers | 2026 | 2027 (Rated A) Latest Update.
Save
Terms in this set (75)
Which of the following is TRUE 1. Any person who is unable to obtain basic
regarding who qualifies for property insurance through normal channels.
coverage under the 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
regarding the application and personal lines licensee.
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
regarding continuing education hours of instruction prior to license renewal.
requirements 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
regarding the List of Approved with the California Department of 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.
