CA PROPERTY AND CASUALTY INSURANCE PRACTICE EXAM (SPRING-SUMMER) WITH
100% ACCURATE SOLUTIONS- GRADED A+
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.
1. Any person who is unable to obtain basic property insurance through normal channels.
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.
3. transportation involving bridges and tunnels.
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 broker-agent.
4.
The agent must pass an examination on the insurance code and products, but not ethics.
1. The fees and process are the same as for a personal lines licensee.
Which of the following is TRUE regarding continuing 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.
1. Any licensee shall satisfactorily complete 24 hours of instruction prior to license
renewal.
All of the following are cause for cancellation of an automobile policy EXCEPT
1.
nonpayment of premium.
2.
the suspension of the primary insured's driver's license
3.
discovery of a criminal record for a felony.
4.
a substantial increase in the hazard insured against.
3. discovery of a criminal record for a felony.
When can a person who sells real property require the use of a specific insurance agent,
broker or solicitor?
1.
As a condition precent to the sale of such real property.
2.
When a buyer's credit score is below the lender's threshold.
3.
A buyer is always able to choose their own insurance representative.
4.
, When it is required by local municipal regulation.
3. A buyer is always able to choose their own insurance representative.
When may a property broker-agent, casualty broker-agent or surplus lines agent offset
funds due an insured for return premiums?
1.
when it is from the same insurance company
2.
when it is for the spouse of the insured for unpaid premiums on any other policy
3.
when it is from the same insured for unpaid premiums on the same or any other policy
4.
when the agent has noticed that the client is late paying premiums, the funds can be held
to pay future premiums
3. when it is from the same insured for unpaid premiums on the same or any other policy
All of the following are reasons employers liability insurance is needed in addition to
workers' compensation insurance EXCEPT
1.
exempt employments.
2.
to pay medical bills.
3.
illegal employments.
4.
100% ACCURATE SOLUTIONS- GRADED A+
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.
1. Any person who is unable to obtain basic property insurance through normal channels.
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.
3. transportation involving bridges and tunnels.
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 broker-agent.
4.
The agent must pass an examination on the insurance code and products, but not ethics.
1. The fees and process are the same as for a personal lines licensee.
Which of the following is TRUE regarding continuing 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.
1. Any licensee shall satisfactorily complete 24 hours of instruction prior to license
renewal.
All of the following are cause for cancellation of an automobile policy EXCEPT
1.
nonpayment of premium.
2.
the suspension of the primary insured's driver's license
3.
discovery of a criminal record for a felony.
4.
a substantial increase in the hazard insured against.
3. discovery of a criminal record for a felony.
When can a person who sells real property require the use of a specific insurance agent,
broker or solicitor?
1.
As a condition precent to the sale of such real property.
2.
When a buyer's credit score is below the lender's threshold.
3.
A buyer is always able to choose their own insurance representative.
4.
, When it is required by local municipal regulation.
3. A buyer is always able to choose their own insurance representative.
When may a property broker-agent, casualty broker-agent or surplus lines agent offset
funds due an insured for return premiums?
1.
when it is from the same insurance company
2.
when it is for the spouse of the insured for unpaid premiums on any other policy
3.
when it is from the same insured for unpaid premiums on the same or any other policy
4.
when the agent has noticed that the client is late paying premiums, the funds can be held
to pay future premiums
3. when it is from the same insured for unpaid premiums on the same or any other policy
All of the following are reasons employers liability insurance is needed in addition to
workers' compensation insurance EXCEPT
1.
exempt employments.
2.
to pay medical bills.
3.
illegal employments.
4.
