CA Property & Casualty Exam
CA Property & Casualty Exam Questions
Containing 114 terms with Definitive
Solutions 2023-2024.
Contributory Plan - 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? - Answer: Loss of rental income
Comparative Negligence - Answer: You can file a claim, but damages are reduced
based on that party's negligence.
, CA Property & Casualty Exam
What has a single limit? - Answer: Property Damage.
Ordinance or law - Answer: An endorsement for building code upgrades.
What is the penalty for not carrying the amount required in a co-insurance
clause? - Answer: You become a co-insurer and pay a portion of the loss.
Retroactive date - Answer: The first date an occurrence would be covered under a
claim made CGL policy
Blanket Insurance - Answer: Used with large groups where the members change
frequently and are not individually named: e.g. Schools, Campgrounds, Charitable
groups.
Symbol #7 - Answer: Specifically described autos.
Tort - Answer: A wrongful act other than breach of contract or a crime.
What does DP-1 Cover? - Answer: Fire, Lighting, and internal explosion.
Endorsement - Answer: Written agreement attached to a policy to add or subtract
insurance overages.
CA Property & Casualty Exam Questions
Containing 114 terms with Definitive
Solutions 2023-2024.
Contributory Plan - 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? - Answer: Loss of rental income
Comparative Negligence - Answer: You can file a claim, but damages are reduced
based on that party's negligence.
, CA Property & Casualty Exam
What has a single limit? - Answer: Property Damage.
Ordinance or law - Answer: An endorsement for building code upgrades.
What is the penalty for not carrying the amount required in a co-insurance
clause? - Answer: You become a co-insurer and pay a portion of the loss.
Retroactive date - Answer: The first date an occurrence would be covered under a
claim made CGL policy
Blanket Insurance - Answer: Used with large groups where the members change
frequently and are not individually named: e.g. Schools, Campgrounds, Charitable
groups.
Symbol #7 - Answer: Specifically described autos.
Tort - Answer: A wrongful act other than breach of contract or a crime.
What does DP-1 Cover? - Answer: Fire, Lighting, and internal explosion.
Endorsement - Answer: Written agreement attached to a policy to add or subtract
insurance overages.
