1. 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.
mailto:https://www.stuvia.com/user/techgrades
, 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.
2. A Special Surplus Line Broker is allowed to place coverage with a non-ad-
mitted insurer for all the following EXCEPT
1.
aircraft insurance.
mailto:https://www.stuvia.com/user/techgrades
, 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.
3. 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.
mailto:https://www.stuvia.com/user/techgrades
, 3.
The limited lines agent is ineligible to become a property or casualty bro-
ker-agent.
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.
mailto:https://www.stuvia.com/user/techgrades
the California Fair Access to Insurance Requirements plan?
1.
Any person who is unable to obtain basic property insurance through normal
channels.
mailto:https://www.stuvia.com/user/techgrades
, 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.
2. A Special Surplus Line Broker is allowed to place coverage with a non-ad-
mitted insurer for all the following EXCEPT
1.
aircraft insurance.
mailto:https://www.stuvia.com/user/techgrades
, 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.
3. 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.
mailto:https://www.stuvia.com/user/techgrades
, 3.
The limited lines agent is ineligible to become a property or casualty bro-
ker-agent.
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.
mailto:https://www.stuvia.com/user/techgrades
