CALIFORNIA ADJUSTER PSI EXAM 50
PROFESSIONAL EXAMPREP 2026 TESTED
QUESTIONS AND SOLUTIONS FULL REVIEW
GRADED A+
◉ Which of the following is TRUE regarding the use of fictitious
names for business? Answer: The actual and fictitious business
names must be registered with the commissioner
◉ Which is an ACCURATE statement regarding dependent coverage
under a group insurance policy? Answer: The coverage must not
exceed more than 100 percent of the coverage for the insured
employee
◉ According to CIC Section 1711, an organization ceases to exist as
an entity eligible to hold a license EXCEPT Answer: upon the
termination of all contracts
◉ As long as employment continues, which is the ONLY reason the
validity of a group life insurance policy can be contested? Answer:
Non-payment of premiums after the policy has bee in force for two
years.
,◉ All of the following are TRUE about the rules regarding the sale of
life insurance and annuities to seniors age 65 or older EXCEPT
Answer: The agent, broker, or insurer is required to show a copy of
their insurance license with name, address, and phone number
when conducting business in the senior home
◉ What is a solicitor employed to do for a policy other than life?
Answer: To aid a property and casualty agent or broker in
transacting insurance
◉ All of the following are examples of representation except
Answer: It may be altered after the insurance is effected
◉ Except as provided by sections 10203.5 and 10203.8 in the CIC,
the insurer shall provide which document to be delivered by the
employer to the employee? Answer: An individual certification of
insurance
◉ What is the purpose of creating minimum underwriting standards
for those testing positive for Acquired Immune Deficiency
Syndrome, Human Immunodeficiency Virus or Aids Related
Complex? Answer: To avoid discrimination between individuals in
the same rating class who have been diagnosed with the conditions
of AIDS, ARC or HIV
, ◉ Which of the following is TRUE regarding continuing eduction
requirements of an agent or broker? Answer: Any licensee shall
satisfactorily complete 24 hours of instruction prior to license
renewal.
◉ Which of the following provisions of free insurance offered as
incentive to purchase or rent property is TRUE? Answer: It requires
a separate charge or fee.
◉ Which is the maximum fine for a person who transacts insurance
without a valid license? Answer: $50,000 and/or imprisonment for a
period not exceeding one year.
◉ Which of the following is TRUE regarding non-admitted insurers?
Answer: Acting as an agent for a nonadmitted insurer is considered
a misdemeanor.
◉ A policy shall specify all of the following EXCEPT Answer: The
method in which the coverage amount was calculated
◉ How long does an employee in a group insurance policy have to
exercise the conversion privilege after employment is terminated?
Answer: 31 days to use the conversion privilege and begin an
individual life insurance policy
PROFESSIONAL EXAMPREP 2026 TESTED
QUESTIONS AND SOLUTIONS FULL REVIEW
GRADED A+
◉ Which of the following is TRUE regarding the use of fictitious
names for business? Answer: The actual and fictitious business
names must be registered with the commissioner
◉ Which is an ACCURATE statement regarding dependent coverage
under a group insurance policy? Answer: The coverage must not
exceed more than 100 percent of the coverage for the insured
employee
◉ According to CIC Section 1711, an organization ceases to exist as
an entity eligible to hold a license EXCEPT Answer: upon the
termination of all contracts
◉ As long as employment continues, which is the ONLY reason the
validity of a group life insurance policy can be contested? Answer:
Non-payment of premiums after the policy has bee in force for two
years.
,◉ All of the following are TRUE about the rules regarding the sale of
life insurance and annuities to seniors age 65 or older EXCEPT
Answer: The agent, broker, or insurer is required to show a copy of
their insurance license with name, address, and phone number
when conducting business in the senior home
◉ What is a solicitor employed to do for a policy other than life?
Answer: To aid a property and casualty agent or broker in
transacting insurance
◉ All of the following are examples of representation except
Answer: It may be altered after the insurance is effected
◉ Except as provided by sections 10203.5 and 10203.8 in the CIC,
the insurer shall provide which document to be delivered by the
employer to the employee? Answer: An individual certification of
insurance
◉ What is the purpose of creating minimum underwriting standards
for those testing positive for Acquired Immune Deficiency
Syndrome, Human Immunodeficiency Virus or Aids Related
Complex? Answer: To avoid discrimination between individuals in
the same rating class who have been diagnosed with the conditions
of AIDS, ARC or HIV
, ◉ Which of the following is TRUE regarding continuing eduction
requirements of an agent or broker? Answer: Any licensee shall
satisfactorily complete 24 hours of instruction prior to license
renewal.
◉ Which of the following provisions of free insurance offered as
incentive to purchase or rent property is TRUE? Answer: It requires
a separate charge or fee.
◉ Which is the maximum fine for a person who transacts insurance
without a valid license? Answer: $50,000 and/or imprisonment for a
period not exceeding one year.
◉ Which of the following is TRUE regarding non-admitted insurers?
Answer: Acting as an agent for a nonadmitted insurer is considered
a misdemeanor.
◉ A policy shall specify all of the following EXCEPT Answer: The
method in which the coverage amount was calculated
◉ How long does an employee in a group insurance policy have to
exercise the conversion privilege after employment is terminated?
Answer: 31 days to use the conversion privilege and begin an
individual life insurance policy
