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CA PROPERTY AND CASUALTY INSURANCE
PRACTICE EXAM 2025| BRAND NEW ACTUAL
EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
All of the following are TRUE regarding a warranty EXCEPT
1.
a warranty can be express or implied.
2.
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a particular form of words is necessary to create a warranty.
3.
a warranty can refer to the past, present, future, or all of these.
4.
a statement in a policy relating to the person or thing insured, or
the insured risk, is a warranty. - correct answer - 2. a particular
form of words is necessary to create a warranty.
All of the following define insolvency EXCEPT: - correct answer -
Revocation of certificate of authority by the commissioner.
66. Which is TRUE regarding expectant or contingent interest?
1.
Expectant or contingent interest constitutes insurable interest.
2.
Expectant or contingent interest does NOT constitute insurable
interest.
3.
Expectant interest or contingent interest qualifies for insurable
interest with a waiver.
4.
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Both are considered insurable interest, but for only 50% of the
value. - correct answer - 2. Expectant or contingent interest does
NOT constitute insurable interest.
When may a surplus line broker solicit and place insurance for a
home state insured with a nonadmitted insurer?
1.
If the same insurance coverage cannot be procured from an
admitted insurer.
2.
If the nonadmitted insurer is a domestic rather than an alien or
foreign company.
3.
Only when the nonadmitted insurer signs an agreement to
become an admitted insurer.
4.
Only when the proposed insured petitions for the right to be
offered the coverage by the broker. - correct answer - 1. If the
same insurance coverage cannot be procured from an admitted
insurer.
The following are valid insurance classes under California
Insurance Law EXCEPT
1.
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life, fire, marine and title.
2.
surety, disability and plate glass.
3.
certainty, precious metals, and gems.
4.
sprinkler, boiler and machinery, and team and vehicle. - correct
answer - 3. certainty, precious metals, and gems.
What is the required rate discount under a Good Driver Discount
policy?
1.
20% below the rate the insured would have been otherwise
charged for the same coverage.
2.
10% below the rate the insured would have been otherwise
charged for the same coverage.
3.
20% below the insurer's average premium rate.
4.
10% below the insurer's average premium rate. - correct answer -
1. 20% below the rate the insured would have been otherwise
charged for the same coverage.
CA PROPERTY AND CASUALTY INSURANCE
PRACTICE EXAM 2025| BRAND NEW ACTUAL
EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
All of the following are TRUE regarding a warranty EXCEPT
1.
a warranty can be express or implied.
2.
, Page | 2
a particular form of words is necessary to create a warranty.
3.
a warranty can refer to the past, present, future, or all of these.
4.
a statement in a policy relating to the person or thing insured, or
the insured risk, is a warranty. - correct answer - 2. a particular
form of words is necessary to create a warranty.
All of the following define insolvency EXCEPT: - correct answer -
Revocation of certificate of authority by the commissioner.
66. Which is TRUE regarding expectant or contingent interest?
1.
Expectant or contingent interest constitutes insurable interest.
2.
Expectant or contingent interest does NOT constitute insurable
interest.
3.
Expectant interest or contingent interest qualifies for insurable
interest with a waiver.
4.
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Both are considered insurable interest, but for only 50% of the
value. - correct answer - 2. Expectant or contingent interest does
NOT constitute insurable interest.
When may a surplus line broker solicit and place insurance for a
home state insured with a nonadmitted insurer?
1.
If the same insurance coverage cannot be procured from an
admitted insurer.
2.
If the nonadmitted insurer is a domestic rather than an alien or
foreign company.
3.
Only when the nonadmitted insurer signs an agreement to
become an admitted insurer.
4.
Only when the proposed insured petitions for the right to be
offered the coverage by the broker. - correct answer - 1. If the
same insurance coverage cannot be procured from an admitted
insurer.
The following are valid insurance classes under California
Insurance Law EXCEPT
1.
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life, fire, marine and title.
2.
surety, disability and plate glass.
3.
certainty, precious metals, and gems.
4.
sprinkler, boiler and machinery, and team and vehicle. - correct
answer - 3. certainty, precious metals, and gems.
What is the required rate discount under a Good Driver Discount
policy?
1.
20% below the rate the insured would have been otherwise
charged for the same coverage.
2.
10% below the rate the insured would have been otherwise
charged for the same coverage.
3.
20% below the insurer's average premium rate.
4.
10% below the insurer's average premium rate. - correct answer -
1. 20% below the rate the insured would have been otherwise
charged for the same coverage.
