CA Property & Casualty Exam questions with correct answers

Contributory Plan CORRECT ANSWER Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? CORRECT ANSWER Loss of rental income Comparative Negligence CORRECT ANSWER You can file a claim, but damages are reduced based on that party's negligence. What has a single limit? CORRECT ANSWER Property Damage. Ordinance or law CORRECT ANSWER An endorsement for building code upgrades. What is the penalty for not carrying the amount required in a co-insurance clause? CORRECT ANSWER You become a co-insurer and pay a portion of the loss. Retroactive date CORRECT ANSWER The first date an occurrence would be covered under a claim made CGL policy Blanket Insurance CORRECT ANSWER Used with large groups where the members change frequently and are