CA Property and Casualty Exam Final Practice Test
– Questions With Complete Solutions
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Terms in this set (135)
Which of the following is TRUE Any person who is unable to obtain basic property
regarding who qualifies for coverage insurance through normal channels
under the California Fair Access to
Insurance Requirements plan?
A Special Surplus Line Broker is Transportation involving bridges and tunnels
allowed to place coverage with a
non-admitted insurer for all the
following EXCEPT
Which of the following is TRUE The fees and process are the same as for a personal
regarding the application and renewal lines licensee
of the limited lines automobile
insurance agent license?
Which of the following is TRUE Any licensee shall satisfactorily complete 24 hours of
regarding continuing education instruction prior to license renewal
requirements of an agent or broker?
Which is an ACCURATE statement Eligible carriers do not need to file documents with
regarding the List of Approved the California Department of Insurance
Surplus Lines Insurers?
What 2 different types of areas are Brush fire risk and inner city
served by the California Fair Access to
Insurance Responsibilities plan?
,Except in a case where the property is The extent to which the insured would be damnified
being held as a carrier or depository, by loss or injury to the property
what is the insurable interest is
measured by?
ALL of the following are examples of Agreed value
open policies EXCEPT
It is unlawful to do any of the Make or cause to made a knowingly false or
following EXCEPT fraudulent or material representation for the purpose
of encouraging an injured worker to claim benefits
All of the following are PRINCIPAL The zip code where the vehicle is housed
rating factors in determining
automobile insurance premiums
EXCEPT
All of the following are taken into The education of the applicant
consideration for California
Automobile Assigned Risk Program
eligibility for applicants EXCEPT
All of the following are duties of a Delivering policies to the insured
Managing General Agent EXCEPT
Under the California Vehicle Code all A company with an escrow account that is licensed
of the following are acceptable to to do business in California
satisfy the Financial Responsibility
requirement EXCEPT
Which is NOT a duty of the Workers Determine which claims are approved and which are
Compensation Bureau? denied
Which circumstances in a pretext When an insured is consulted by a person who hides
interview determine if the questions his true identity on purpose when fraud for a claim is
are permissible? suspected
, Which of the following provisions of It requires a separate charge or fee
free insurance offered as an incentive
to purchase or rent property is TRUE?
What is the method used for placing The percentage of CAARP policies required is equal
business with the California to the percentage of regular insurance policies the
Automobile Assigned Risk Program? insurer has issued within the State
Materiality to be solely determined by The probable and reasonable influence of the facts
which of the following? upon the party to whom the communication is due
To which person or organization does The insured
a public insurance adjuster promote
and represent?
How does an "open" policy differ from An open policy has a value to be determined, while a
a "valued" policy? valued policy protects for a specific amount
If fiduciary funds are received by any Bonds issued in all 50 states of the United States
licensee, the funds shall be maintained
in any of the following EXCEPT
Which type of coverage protects A stand-alone Earthquake Insurance policy
against loss caused by earth specifically insuring against loss caused by land
movement? subsidence
What is the purpose of the California To help property owners who are unable to obtain
Fair Access to Insurance Requirements coverage through the private sector on their own
program?
No rate shall be approved or remain The rate is based on actuary principles
in effect for the following reasons
EXCEPT
"Notice of legal action" can mean all Notice of action against the agent
of the following EXCEPT
– Questions With Complete Solutions
Save
Terms in this set (135)
Which of the following is TRUE Any person who is unable to obtain basic property
regarding who qualifies for coverage insurance through normal channels
under the California Fair Access to
Insurance Requirements plan?
A Special Surplus Line Broker is Transportation involving bridges and tunnels
allowed to place coverage with a
non-admitted insurer for all the
following EXCEPT
Which of the following is TRUE The fees and process are the same as for a personal
regarding the application and renewal lines licensee
of the limited lines automobile
insurance agent license?
Which of the following is TRUE Any licensee shall satisfactorily complete 24 hours of
regarding continuing education instruction prior to license renewal
requirements of an agent or broker?
Which is an ACCURATE statement Eligible carriers do not need to file documents with
regarding the List of Approved the California Department of Insurance
Surplus Lines Insurers?
What 2 different types of areas are Brush fire risk and inner city
served by the California Fair Access to
Insurance Responsibilities plan?
,Except in a case where the property is The extent to which the insured would be damnified
being held as a carrier or depository, by loss or injury to the property
what is the insurable interest is
measured by?
ALL of the following are examples of Agreed value
open policies EXCEPT
It is unlawful to do any of the Make or cause to made a knowingly false or
following EXCEPT fraudulent or material representation for the purpose
of encouraging an injured worker to claim benefits
All of the following are PRINCIPAL The zip code where the vehicle is housed
rating factors in determining
automobile insurance premiums
EXCEPT
All of the following are taken into The education of the applicant
consideration for California
Automobile Assigned Risk Program
eligibility for applicants EXCEPT
All of the following are duties of a Delivering policies to the insured
Managing General Agent EXCEPT
Under the California Vehicle Code all A company with an escrow account that is licensed
of the following are acceptable to to do business in California
satisfy the Financial Responsibility
requirement EXCEPT
Which is NOT a duty of the Workers Determine which claims are approved and which are
Compensation Bureau? denied
Which circumstances in a pretext When an insured is consulted by a person who hides
interview determine if the questions his true identity on purpose when fraud for a claim is
are permissible? suspected
, Which of the following provisions of It requires a separate charge or fee
free insurance offered as an incentive
to purchase or rent property is TRUE?
What is the method used for placing The percentage of CAARP policies required is equal
business with the California to the percentage of regular insurance policies the
Automobile Assigned Risk Program? insurer has issued within the State
Materiality to be solely determined by The probable and reasonable influence of the facts
which of the following? upon the party to whom the communication is due
To which person or organization does The insured
a public insurance adjuster promote
and represent?
How does an "open" policy differ from An open policy has a value to be determined, while a
a "valued" policy? valued policy protects for a specific amount
If fiduciary funds are received by any Bonds issued in all 50 states of the United States
licensee, the funds shall be maintained
in any of the following EXCEPT
Which type of coverage protects A stand-alone Earthquake Insurance policy
against loss caused by earth specifically insuring against loss caused by land
movement? subsidence
What is the purpose of the California To help property owners who are unable to obtain
Fair Access to Insurance Requirements coverage through the private sector on their own
program?
No rate shall be approved or remain The rate is based on actuary principles
in effect for the following reasons
EXCEPT
"Notice of legal action" can mean all Notice of action against the agent
of the following EXCEPT
