CA Property and Casualty Insurance Exam Questions
with Verified Answers | Latest Update 2026/2027 | Graded
A+ | Guaranteed Pass.
Question: Which of the following is TRUE regarding who qualifies for
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.
Ans: 1. Any person who is unable to obtain basic property insurance through
normal channels.
Question: 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.
Ans: 3. transportation involving bridges and tunnels.
Question: Which is an ACCURATE statement regarding the List of Approved
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.
Ans: 4. Eligible carriers do not need to file documents with the California
Department of Insurance.
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Question: What 2 different types of areas are 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.
Ans: 4. Brush fire risk and inner city.
Question: Which of the following is TRUE 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
brokeragent.
4.
The agent must pass an examination on the insurance code and products, but not
ethics.
Ans: 1. The fees and process are the same as for a personal lines licensee.
Question: Except in a case where the property is being held as a carrier or
depository, what is the insurable interest is measured by?
1.
The size of the premium.
with Verified Answers | Latest Update 2026/2027 | Graded
A+ | Guaranteed Pass.
Question: Which of the following is TRUE regarding who qualifies for
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.
Ans: 1. Any person who is unable to obtain basic property insurance through
normal channels.
Question: 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.
Ans: 3. transportation involving bridges and tunnels.
Question: Which is an ACCURATE statement regarding the List of Approved
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.
Ans: 4. Eligible carriers do not need to file documents with the California
Department of Insurance.
,Thank you for Purchasing this exam
Study Guide. We provide high-quality
academic materials to help students
excel in exams. Our other Services
include but not limited to: academic
research, University & College
assignments writing, essay writing,
Online Classes, and research projects.
Our services are reliable, affordable,
and plagiarism-free. All the Best in your
Exam. For more information; Contact
us at: or
0R +254
741484450
Question: What 2 different types of areas are 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.
Ans: 4. Brush fire risk and inner city.
Question: Which of the following is TRUE 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
brokeragent.
4.
The agent must pass an examination on the insurance code and products, but not
ethics.
Ans: 1. The fees and process are the same as for a personal lines licensee.
Question: Except in a case where the property is being held as a carrier or
depository, what is the insurable interest is measured by?
1.
The size of the premium.
