CALIFORNIA ADJUSTER PSI EXAM 50 ACTUAL
TEST SCRIPT 2026 COMPLETE QUESTIONS
AND ANSWERS GRADED A+
◉ Which of the following descries a contract of reinsurance?
Answer: A first insurer issues insurance to compensate another
insurer for losses on contracts issued by that second insurer
◉ A personal lines licensee is an agent-broker who is able to
transact coverage for all the following EXCEPT Answer: Personal
Aircraft
◉ All of the following are requirements for determining an area that
qualifies for Low Cost Automobile Insurance EXCEPT Answer: The
number of automobile accidents that occur within the county
◉ What criteria must a person meet in order to be qualified to
purchase a good driver discount policy? Answer: Being licensed to
drive a motor vehicle for the previous 3 years and has not had more
than 1 violation point as determined by the CIC
◉ Which of the following must be prominently displayed so that it
can be readily inspected on the licensee? Answer: Currency and
capacity
, ◉ What is the primary function of the California Automotive
Assigned Risk Plan? CARRP Answer: To put people who have trouble
obtaining insurance in touch with insurers who may be required by
law to insure them.
◉ Which is NOT a duty of the Workers Compensation Bureau?
Answer: Determine which claims are approved and which are
denied.
◉ When can a person who sells real property require the use of a
specific insurance agent, broker or solicitor? Answer: A buyer is
always ale to choose their insurance representative
◉ At which point is a person licensed as a broker-agent deemed to
be acting as an insurance agent? Answer: when a notice of
appointment is filed with the insurance commissioner
◉ Who must be able to inspect records of insurance transactions
made available by agent-brokers at any time? Answer: The
Insurance commissioner
◉ Where must the address be printed for the principal office that is
required for every broker agent and resident insurance casualty
broker-agent? Answer: Applications for license and renewals
TEST SCRIPT 2026 COMPLETE QUESTIONS
AND ANSWERS GRADED A+
◉ Which of the following descries a contract of reinsurance?
Answer: A first insurer issues insurance to compensate another
insurer for losses on contracts issued by that second insurer
◉ A personal lines licensee is an agent-broker who is able to
transact coverage for all the following EXCEPT Answer: Personal
Aircraft
◉ All of the following are requirements for determining an area that
qualifies for Low Cost Automobile Insurance EXCEPT Answer: The
number of automobile accidents that occur within the county
◉ What criteria must a person meet in order to be qualified to
purchase a good driver discount policy? Answer: Being licensed to
drive a motor vehicle for the previous 3 years and has not had more
than 1 violation point as determined by the CIC
◉ Which of the following must be prominently displayed so that it
can be readily inspected on the licensee? Answer: Currency and
capacity
, ◉ What is the primary function of the California Automotive
Assigned Risk Plan? CARRP Answer: To put people who have trouble
obtaining insurance in touch with insurers who may be required by
law to insure them.
◉ Which is NOT a duty of the Workers Compensation Bureau?
Answer: Determine which claims are approved and which are
denied.
◉ When can a person who sells real property require the use of a
specific insurance agent, broker or solicitor? Answer: A buyer is
always ale to choose their insurance representative
◉ At which point is a person licensed as a broker-agent deemed to
be acting as an insurance agent? Answer: when a notice of
appointment is filed with the insurance commissioner
◉ Who must be able to inspect records of insurance transactions
made available by agent-brokers at any time? Answer: The
Insurance commissioner
◉ Where must the address be printed for the principal office that is
required for every broker agent and resident insurance casualty
broker-agent? Answer: Applications for license and renewals
