California Property and Casualty Exam Questions and Answers 100% Pass

California Property and Casualty Exam Questions and Answers 100% Pass Most workers compensation policies are written for 1 year terms. - Correct 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: - Correct Answer ️️ -Dual Authority HMO's, PPO's, and POS, are referred to as what kind of care? - Correct Answer ️️ - Managed care Which of the following could offset the effects of not having a disability income policy: - Correct Answer ️️ -cash savings Which of the following is NOT one of the three extensions of coverage under the special form? - Correct Answer ️️ -Collapse If coverage exists under both an occurrence and a claims-made policy, how will the policies share the loss? - Correct Answer ️️ -The claims-made policy will provide excess coverage A supplemental extended reporting period extends coverage: - Correct Answer ️️ - indefinitely Basic services - Correct Answer ️️ -Services that an HMO are required to provide are referred to as which of the following Risk Retention Groups are: - Correct Answer ️️ -liability insurers owned by their policyholders Barratry - Correct 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? - Correct Answer ️️ - 600 Expected or intended losses - Correct Answer ️️ -exclusion under the business auto liability coverage Concealment - Correct Answer ️️ -the neglect to communicate that which a party knows and ought to communicate A disability income policy will do which of the following - Correct 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. - Correct Answer ️️ -true Under the conversion privilege how long does an insured switching over from a group health package to a personal health policy have? - Correct Answer ️️ -31 days Which of the following would NOT be considered an insured under the homeowner's policy? - Correct Answer ️️ -65 year old uncle residing off the premises Organizers of HMOs include commercial insurers, hospitals, employers, unions, and local communities. - Correct Answer ️️ -true Disability income insurance - Correct Answer ️️ -type of disability insurance that provide benefits if someone becomes ill and is unable to work permanent total - Correct Answer ️️ -is the most sever type of disability Bodily injuries - Correct Answer ️️ -usually excluded under errors and omissions insurance The period of time when no benefits are paid is called the black out period - Correct Answer ️️ -true In addition to ISO a commercial crime program falls under Jurisdiction of - Correct Answer ️️ -Surety Association of America If a building insured under a commercial property policy was vacant for 60 days, what perils are excluded? - Correct Answer ️️ -Vandalism, theft, breakage of glass, sprinkler leakage, and water damage Which of the following is correct about hospice care? - Correct Answer ️️ -It is a provided coverage under part A of Medicare