Page |1 p p
CALIFORNIA PROPERTY AND CASUALTY EXAM p p p p
2025| BRAND NEW ACTUAL EXAM WITH100% V
p p p p p p p p
ERIFIED QUESTIONS AND CORRECT SOLUTIO p p p p
NS| GUARANTEED VALUE PACK| ACEYOUR GR
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ADES.
1. The process where by a mutul insurer becomes a stock company isc
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alled - correct answer - Demutalization
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2. The process whereby a stock company a mutal insurer is called -
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correctanswer - Mutalization
p p p p
3. The provision in a property policy which states that the insured has beenp
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aid up to their insurable interest is - correct answer - Valuation clause
p p p p p p p p p p p p
4. The part of the policy that states the amout of coverage the insuredpr
p p p p p p p p p p p p p
operty policy period is - correct answer - Declaration
p p p p p p p p
5. Part of the policy that establishes limits upon the insurer and the insuredwi
p p p p p p p p p p p p p
th the insuance policy - correct answer - Conditions
p p p p p p p p
, Page |2
p p
6. Which are the characterics of negligence - correct answer -
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Duty,breach,proximate cause, damages
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7. Which of the following is not a federal program - correct answer -
p p p p p p p p p p p p
Worker' compensation
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8. Absolute risk(liability) is imposed - correct answer -
p p p p p p p
When there isnegligence whether proven or not
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9. X is in an accident with Y. X suffers $5000 of damage but it is determined t
p p p p p p p p p p p p p p p p
hat X is 60% responsible for the accident. How much wouldX receive und
p p p p p p p p p p p p p
er CONTRIBUTORY negligence rules? - correct answer -
p p p p p p p
$0
10. what is the main purpose of tort law - correct answer -
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p to determinefinancial responsibillty for damage
p p p p p
11. what of the following is not considered an intentional tort? -
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p correctanswer - Auto accident
p p p p
12. Which of the following statements is true regarding compensatoryd
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amages? - correct answer - There is usually no direct correlation
p p p p p p p p p p
, Page |3 p p
between the amount of general and special damages awarded to thevi
p p p p p p p p p p p
ctim
13. The insurer decides not to renewan insured's personal auto policy.H
p p p p p p p p p p
ow much notice must the insurer provide to the insured -
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correct answer - 30 days
p p p p p
14. an insured's loss reserve for a claim isan estimate of the amount insur
p p p p p p p p p p p p
er will pay for present and future loss, which of the following is an exampl
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e of loss prevention - correct answer -
p p p p p p p
a homeowner decides notto install a pool in the backyard
p p p p p p p p p p p
15. which of the following describes the act of making a false entry in anybo
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ok statement of report of any insurer with the intent to device any examine
p p p p p p p p p p p p p
r lawfully appointed to examine the insured's - correct answer -
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pan unfair practice
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16. a person can base his/her claim for liability on the basis of all of thefol
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lowing EXCEPT - correct answer - breach of liability
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17. the term "assignment"refers to - correct answer -
p p p p p p p
p the transfer of theinsured's interest in a policy to another party
p p p p p p p p p p p
, Page |4 p p
18. the term "subrogation" refers to - correct answer -
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p the insured's rightto recover payment from a responsible 3rd party
p p p p p p p p p p
19. insur's right to recover the payment of the claim after they paid thein
p p p p p p p p p p p p p
sured for their property losses a negligent 3rd party is know as, -
p p p p p p p p p p p p
correct answer - subrogation
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20. an insurance deductible is - correct answer -
p p p p p p p
the amount of coveredexpense that the insured pays before the insurer
p p p p p p p p p p p p p
pays,
21. all of the following are requirements for a notice by mail to an insuredb
p p p p p p p p p p p p p p
y insurer except - correct answer -
p p p p p p
notice must be sent with return receipt required
p p p p p p p p
22. which of the following is considered special damages -
p p p p p p p p
p correctanswer - Compensation for time away from work
p p p p p p p p
23. Which advisory organization(s) develop forms for the standard
p p p p p p p p
market? - correct answer - p p p p
Insurane service office and American association of insurances
p p p p p p p p
24. Which of the following would be considered special dmamges? -
p p p p p p p p p
correct answer - Lost wages
p p p p p
CALIFORNIA PROPERTY AND CASUALTY EXAM p p p p
2025| BRAND NEW ACTUAL EXAM WITH100% V
p p p p p p p p
ERIFIED QUESTIONS AND CORRECT SOLUTIO p p p p
NS| GUARANTEED VALUE PACK| ACEYOUR GR
p p p p p p
ADES.
1. The process where by a mutul insurer becomes a stock company isc
p p p p p p p p p p p p
alled - correct answer - Demutalization
p p p p p
2. The process whereby a stock company a mutal insurer is called -
p p p p p p p p p p p
correctanswer - Mutalization
p p p p
3. The provision in a property policy which states that the insured has beenp
p p p p p p p p p p p p p
aid up to their insurable interest is - correct answer - Valuation clause
p p p p p p p p p p p p
4. The part of the policy that states the amout of coverage the insuredpr
p p p p p p p p p p p p p
operty policy period is - correct answer - Declaration
p p p p p p p p
5. Part of the policy that establishes limits upon the insurer and the insuredwi
p p p p p p p p p p p p p
th the insuance policy - correct answer - Conditions
p p p p p p p p
, Page |2
p p
6. Which are the characterics of negligence - correct answer -
p p p p p p p p p
Duty,breach,proximate cause, damages
p p p
7. Which of the following is not a federal program - correct answer -
p p p p p p p p p p p p
Worker' compensation
p p
8. Absolute risk(liability) is imposed - correct answer -
p p p p p p p
When there isnegligence whether proven or not
p p p p p p p p
9. X is in an accident with Y. X suffers $5000 of damage but it is determined t
p p p p p p p p p p p p p p p p
hat X is 60% responsible for the accident. How much wouldX receive und
p p p p p p p p p p p p p
er CONTRIBUTORY negligence rules? - correct answer -
p p p p p p p
$0
10. what is the main purpose of tort law - correct answer -
p p p p p p p p p p p
p to determinefinancial responsibillty for damage
p p p p p
11. what of the following is not considered an intentional tort? -
p p p p p p p p p p
p correctanswer - Auto accident
p p p p
12. Which of the following statements is true regarding compensatoryd
p p p p p p p p p
amages? - correct answer - There is usually no direct correlation
p p p p p p p p p p
, Page |3 p p
between the amount of general and special damages awarded to thevi
p p p p p p p p p p p
ctim
13. The insurer decides not to renewan insured's personal auto policy.H
p p p p p p p p p p
ow much notice must the insurer provide to the insured -
p p p p p p p p p p
correct answer - 30 days
p p p p p
14. an insured's loss reserve for a claim isan estimate of the amount insur
p p p p p p p p p p p p
er will pay for present and future loss, which of the following is an exampl
p p p p p p p p p p p p p p
e of loss prevention - correct answer -
p p p p p p p
a homeowner decides notto install a pool in the backyard
p p p p p p p p p p p
15. which of the following describes the act of making a false entry in anybo
p p p p p p p p p p p p p p
ok statement of report of any insurer with the intent to device any examine
p p p p p p p p p p p p p
r lawfully appointed to examine the insured's - correct answer -
p p p p p p p p p p
pan unfair practice
p p
16. a person can base his/her claim for liability on the basis of all of thefol
p p p p p p p p p p p p p p p
lowing EXCEPT - correct answer - breach of liability
p p p p p p p p
17. the term "assignment"refers to - correct answer -
p p p p p p p
p the transfer of theinsured's interest in a policy to another party
p p p p p p p p p p p
, Page |4 p p
18. the term "subrogation" refers to - correct answer -
p p p p p p p p
p the insured's rightto recover payment from a responsible 3rd party
p p p p p p p p p p
19. insur's right to recover the payment of the claim after they paid thein
p p p p p p p p p p p p p
sured for their property losses a negligent 3rd party is know as, -
p p p p p p p p p p p p
correct answer - subrogation
p p p p
20. an insurance deductible is - correct answer -
p p p p p p p
the amount of coveredexpense that the insured pays before the insurer
p p p p p p p p p p p p p
pays,
21. all of the following are requirements for a notice by mail to an insuredb
p p p p p p p p p p p p p p
y insurer except - correct answer -
p p p p p p
notice must be sent with return receipt required
p p p p p p p p
22. which of the following is considered special damages -
p p p p p p p p
p correctanswer - Compensation for time away from work
p p p p p p p p
23. Which advisory organization(s) develop forms for the standard
p p p p p p p p
market? - correct answer - p p p p
Insurane service office and American association of insurances
p p p p p p p p
24. Which of the following would be considered special dmamges? -
p p p p p p p p p
correct answer - Lost wages
p p p p p
