CALIFORNIA PROPERTY AND
CASUALTY EXAM QUESTIONS AND
ANSWERS WITH VERIFIED SOLUTIONS
100% CORRECT!!!
Which of the following is incorrect?
✔✔ Part A covers long term care
(Correct answer: Medicare Part A does not cover long-term care.)
Medical payments coverage under the personal auto policy applies for
medical bills insured up to how long after an accident?
✔✔ Three years
Workers Comp. Part I covers:
✔✔ All sums the insurer is required to pay by state law
The two major sublines of general liability coverage are:
✔✔ Premises/operations and products and completed operations
Which of the following would NOT be covered under a typical homeowners
policy?
✔✔ Land
(Land itself is not insurable under property insurance.)
Medi-Cal will cover what part of Medicare with no premium or deductible for
the eligible?
✔✔ Part D
,Flood insurance provided by NFIP is available for:
✔✔ All of the choices
(Homes, businesses, contents, mobile homes, and condos.)
Coverage under a general liability policy written for a U.S. insured would
apply in Japan under which of the following circumstances?
✔✔ An individual buys the insured's 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?
✔✔ Bondsman
(The three parties are: Principal, Obligee, and Surety.)
The Boiler and Machinery limit of insurance is written as:
✔✔ A single limit of insurance per accident
A self-insured retention (S.I.R.) 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:
✔✔ $1,000
A fiduciary is:
✔✔ 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 - 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 - 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 - 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 - 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 - ANSWER✔✔4 days
Which of the following types of personal property would NOT be covered under a
homeowners policy?
Pets
Money
Watercraft
Jewelry - ANSWER✔✔Pets
In a surety bond the party that pays the premium would be:
Bondsman
Obligee
Surety
Principal - ANSWER✔✔Principal
Things that increase the likelihood of a loss or the seriousness of a loss are called:
perils
CASUALTY EXAM QUESTIONS AND
ANSWERS WITH VERIFIED SOLUTIONS
100% CORRECT!!!
Which of the following is incorrect?
✔✔ Part A covers long term care
(Correct answer: Medicare Part A does not cover long-term care.)
Medical payments coverage under the personal auto policy applies for
medical bills insured up to how long after an accident?
✔✔ Three years
Workers Comp. Part I covers:
✔✔ All sums the insurer is required to pay by state law
The two major sublines of general liability coverage are:
✔✔ Premises/operations and products and completed operations
Which of the following would NOT be covered under a typical homeowners
policy?
✔✔ Land
(Land itself is not insurable under property insurance.)
Medi-Cal will cover what part of Medicare with no premium or deductible for
the eligible?
✔✔ Part D
,Flood insurance provided by NFIP is available for:
✔✔ All of the choices
(Homes, businesses, contents, mobile homes, and condos.)
Coverage under a general liability policy written for a U.S. insured would
apply in Japan under which of the following circumstances?
✔✔ An individual buys the insured's 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?
✔✔ Bondsman
(The three parties are: Principal, Obligee, and Surety.)
The Boiler and Machinery limit of insurance is written as:
✔✔ A single limit of insurance per accident
A self-insured retention (S.I.R.) 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:
✔✔ $1,000
A fiduciary is:
✔✔ 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 - 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 - 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 - 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 - 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 - ANSWER✔✔4 days
Which of the following types of personal property would NOT be covered under a
homeowners policy?
Pets
Money
Watercraft
Jewelry - ANSWER✔✔Pets
In a surety bond the party that pays the premium would be:
Bondsman
Obligee
Surety
Principal - ANSWER✔✔Principal
Things that increase the likelihood of a loss or the seriousness of a loss are called:
perils
