California Property and Casualty
California Property and Casualty Exam
Questions Containing 130 terms with
Correct Solutions 2023-2024.
Most workers compensation policies are written for 1-year terms. - Answer: true
A person licensed as either a property and casualty agent/broker or as an accident
and health agent may be authorized to transact disability insurance for an
admitted insurer by filing a notice of appointment from that insurer. This is known
as: - Answer: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care? - Answer: Managed
care
, California Property and Casualty
Which of the following could offset the effects of not having a disability income
policy: - Answer: cash savings
Which of the following is NOT one of the three extensions of coverage under the
special form? - Answer: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will
the policies share the loss? - Answer: The claims-made policy will provide excess
coverage
A supplemental extended reporting period extends coverage: - Answer:
indefinitely
Basic services - Answer: Services that an HMO are required to provide are referred
to as which of the following
Risk Retention Groups are: - Answer: liability insurers owned by their
policyholders
Barratry - Answer: In Ocean Marine if the captain and crew steal the ship and
cargo without the ship-owners knowledge
If the insured must rent a car because his was stolen, what is the maximum dollar
amount of coverage available under the commercial auto policy? - Answer: 600
Expected or intended losses - Answer: exclusion under the business auto liability
coverage
Concealment - Answer: the neglect to communicate that which a party knows and
ought to communicate
A disability income policy will do which of the following - Answer: Replace a
portion of the insureds income if they become disabled
Long-term care policies may not be cancelled or non-renewed on the grounds of
age. - Answer: true
California Property and Casualty Exam
Questions Containing 130 terms with
Correct Solutions 2023-2024.
Most workers compensation policies are written for 1-year terms. - Answer: true
A person licensed as either a property and casualty agent/broker or as an accident
and health agent may be authorized to transact disability insurance for an
admitted insurer by filing a notice of appointment from that insurer. This is known
as: - Answer: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care? - Answer: Managed
care
, California Property and Casualty
Which of the following could offset the effects of not having a disability income
policy: - Answer: cash savings
Which of the following is NOT one of the three extensions of coverage under the
special form? - Answer: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will
the policies share the loss? - Answer: The claims-made policy will provide excess
coverage
A supplemental extended reporting period extends coverage: - Answer:
indefinitely
Basic services - Answer: Services that an HMO are required to provide are referred
to as which of the following
Risk Retention Groups are: - Answer: liability insurers owned by their
policyholders
Barratry - Answer: In Ocean Marine if the captain and crew steal the ship and
cargo without the ship-owners knowledge
If the insured must rent a car because his was stolen, what is the maximum dollar
amount of coverage available under the commercial auto policy? - Answer: 600
Expected or intended losses - Answer: exclusion under the business auto liability
coverage
Concealment - Answer: the neglect to communicate that which a party knows and
ought to communicate
A disability income policy will do which of the following - Answer: Replace a
portion of the insureds income if they become disabled
Long-term care policies may not be cancelled or non-renewed on the grounds of
age. - Answer: true
