California Property and Casualty Exam Questions and Answers 100% Pass

California Property and Casualty Exam Questions and Answers 100% Pass Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Correct Answer ️️ -Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - Correct Answer ️️ -Three years Workers Comp. Part. I covers: All sums the insurer is required to pay by state law All sums the insurer will pay when deemed necessary All sums the insurer is required to pay by common law All sums the insurer is required to pay by federal law - Correct Answer ️️ -All sums the insurer is required to pay by state law The two major sublines of general liability coverage are: Products and completed operations Products and completed operations and advertising liability Premises operations and product liability Premises/operations and products and completed operations - Correct Answer ️️ - Premises/operations and products and completed operations Which of the following would NOT be covered under a typical homeowners policy? Music CDs Model aircraft Dog house Land - Correct Answer ️️ -Land Medi-Cal will cover what part of medicare with no premium or deductible for the eligible? Part C Part A Part B Part D - Correct Answer ️️ -Part D Flood insurance provided by NFIP is available for: businesses and their contents homes and their contents mobile homes and condos all of the choices - Correct Answer ️️ -all of the choices Coverage under a general liability policy written for a U.S. insured would apply in Japan under which of the following circumstance? The insured accidentally injures another while in Japan on vacation There is an injury resulting from the insureds product which was made in France An individual buys the insureds product in the United States, but is injured when using the product in Japan The insured is flying to Japan from the United States - Correct Answer ️️ -An individual buys the insureds product in the United States, but is injured when using the product in Japan Which of the following is NOT a party to a surety bond? Surety Principal Bondsman Obligee - Correct Answer ️️ -Bondsman The Boiler and Machinery limit of insurance is written as: As an Aggregate Limit Any of the choices A single limit of insurance per policy period A single limit of insurance per accident - Correct Answer ️️ -A single limit of insurance per accident A self-insured retention acts as a deductible and applies to claims covered by an umbrella policy, but excluded by an underlying policy in a personal umbrella. The S.I.R. ranges from $250 to: $1,500 $1,000 $500 $750 - Correct Answer ️️ -$1,000 A fiduciary is: a person who has no financial responsibility whatsoever. a person who is in a position of financial trust. buys and sells used autos for a nominal fee. a person that handles cash in excess of $10,000 every month without any oversight. - Correct Answer ️️ -a person who is in a position of financial trust. All of the following are listed on the Boiler and Machinery Declaration page EXCEPT: Boiler and Machinery Exclusions Mailing Address of named insured Loss payee and address Mortgage holders and address - Correct Answer ️️ -Boiler and Machinery Exclusions All of the following are listed on the Boiler and Machinery Declaration page EXCEPT: Boiler and Machinery Exclusions Mailing Address of named insured Mortgage holders and address Loss payee and address - Correct Answer ️️ -Boiler and Machinery Exclusions Which of the following would be considered covered property under a commercial property coverage form? Outdoor sign Building foundation below ground level Satellite dish Stock - Correct Answer ️️ -Stock All of the following would be eligible for coverage under a BOP except: Self Storage Facility Office Building with 4 stories Bank Motel - Correct Answer ️️ -Bank A newly acquired auto is to replace a covered auto that has liability coverage only. How long will the insured have to request collision coverage on the new auto: 20 days 30 days 14 days 4 days - Correct Answer ️️ -4 days Which of the following types of personal property would NOT be covered under a homeowners policy? Pets Money Watercraft Jewelry - Correct Answer ️️ -Pets In a surety bond the party that pays the premium wou