PSI Exam Property and Casualty Updated Questions with 100% Correct Answers | Latest & Verified

All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - CORRECT ANSWER-Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - CORRECT 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 - CORRECT ANSWER-Personal Aircraft All of the following are requirements for determining an area that qualifies for Low Cost Automobile Insurance EXCEPT - CORRECT 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? - CORRECT 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? - CORRECT ANSWER-Currency and capacity What is the primary function of the California Automotive Assigned Risk Plan? CARRP - CORRECT ANSWER-To put people who have trouble obtaining insurance in touch