CA Property and Casualty Insurance Practice
Exam / Actual Questions and Correct Answers
(Verified, Detailed Answers) A Grade.
Terms in this set (75)
Which of the following is TRUE regarding who qualifies 1. Any person who is unable to obtain
for coverage under the California Fair basic property insurance through normal
channels.
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 3. transportation involving bridges and tunnels.
is allowed to place coverage
with a nonadmitted 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 1. The fees and process are the same as for a personal lines
TRUE regarding the licensee.
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 1. Any licensee shall satisfactorily complete 24 hours of
TRUE regarding continuing instruction prior to license renewal.
education 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.
Exam / Actual Questions and Correct Answers
(Verified, Detailed Answers) A Grade.
Terms in this set (75)
Which of the following is TRUE regarding who qualifies 1. Any person who is unable to obtain
for coverage under the California Fair basic property insurance through normal
channels.
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 3. transportation involving bridges and tunnels.
is allowed to place coverage
with a nonadmitted 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 1. The fees and process are the same as for a personal lines
TRUE regarding the licensee.
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 1. Any licensee shall satisfactorily complete 24 hours of
TRUE regarding continuing instruction prior to license renewal.
education 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.
