CALIFORNIA PROPERTY AND
CASUALTY QUESTIONS AND ANSWERS
WITH VERIFIED SOLUTIONS 100%
CORRECT!!!
Q: Are most workers’ compensation policies written for 1-year terms?
✔✔ True
Q: What is it called when a person licensed as either a property and casualty
agent/broker or as an accident and health agent is authorized to transact
disability insurance for an admitted insurer by filing a notice of appointment?
✔✔ Dual Authority
Q: HMO’s, PPO’s, and POS are types of what kind of care?
✔✔ Managed care
Q: What could help offset the effects of not having a disability income policy?
✔✔ Cash savings
Q: Which of the following is NOT one of the three extensions of coverage
under the special form?
✔✔ Collapse
Q: If coverage exists under both an occurrence and a claims-made policy, how
do the policies share the loss?
✔✔ The claims-made policy provides excess coverage
,Q: What is the duration of coverage provided by a supplemental extended
reporting period?
✔✔ Indefinitely
Q: What are the “basic services” that an HMO is required to provide referred
to as?
✔✔ Basic services
Q: What are Risk Retention Groups?
✔✔ Liability insurers owned by their policyholders
Q: What is barratry in Ocean Marine insurance?
✔✔ When the captain and crew steal the ship and cargo without the shipowner’s
knowledge
Q: If the insured must rent a car because their car was stolen, what is the
maximum coverage available under the commercial auto policy?
✔✔ $600
Expected or intended losses - ANSWER✔✔exclusion under the business auto
liability coverage
Concealment - ANSWER✔✔the neglect to communicate that which a party knows
and ought to communicate
A disability income policy will do which of the following - 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. - ANSWER✔✔true
Under the conversion privilege how long does an insured switching over from a
group health package to a personal health policy have? - ANSWER✔✔31 days
Which of the following would NOT be considered an insured under the
homeowner's policy? - ANSWER✔✔65 year old uncle residing off the premises
Organizers of HMOs include commercial insurers, hospitals, employers, unions,
and local communities. - ANSWER✔✔true
Disability income insurance - ANSWER✔✔type of disability insurance that
provide benefits if someone becomes ill and is unable to work
permanent total - ANSWER✔✔is the most sever type of disability
Bodily injuries - ANSWER✔✔usually excluded under errors and omissions
insurance
The period of time when no benefits are paid is called the black out period -
ANSWER✔✔true
In addition to ISO a commercial crime program falls under Jurisdiction of -
ANSWER✔✔Surety Association of America
CASUALTY QUESTIONS AND ANSWERS
WITH VERIFIED SOLUTIONS 100%
CORRECT!!!
Q: Are most workers’ compensation policies written for 1-year terms?
✔✔ True
Q: What is it called when a person licensed as either a property and casualty
agent/broker or as an accident and health agent is authorized to transact
disability insurance for an admitted insurer by filing a notice of appointment?
✔✔ Dual Authority
Q: HMO’s, PPO’s, and POS are types of what kind of care?
✔✔ Managed care
Q: What could help offset the effects of not having a disability income policy?
✔✔ Cash savings
Q: Which of the following is NOT one of the three extensions of coverage
under the special form?
✔✔ Collapse
Q: If coverage exists under both an occurrence and a claims-made policy, how
do the policies share the loss?
✔✔ The claims-made policy provides excess coverage
,Q: What is the duration of coverage provided by a supplemental extended
reporting period?
✔✔ Indefinitely
Q: What are the “basic services” that an HMO is required to provide referred
to as?
✔✔ Basic services
Q: What are Risk Retention Groups?
✔✔ Liability insurers owned by their policyholders
Q: What is barratry in Ocean Marine insurance?
✔✔ When the captain and crew steal the ship and cargo without the shipowner’s
knowledge
Q: If the insured must rent a car because their car was stolen, what is the
maximum coverage available under the commercial auto policy?
✔✔ $600
Expected or intended losses - ANSWER✔✔exclusion under the business auto
liability coverage
Concealment - ANSWER✔✔the neglect to communicate that which a party knows
and ought to communicate
A disability income policy will do which of the following - 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. - ANSWER✔✔true
Under the conversion privilege how long does an insured switching over from a
group health package to a personal health policy have? - ANSWER✔✔31 days
Which of the following would NOT be considered an insured under the
homeowner's policy? - ANSWER✔✔65 year old uncle residing off the premises
Organizers of HMOs include commercial insurers, hospitals, employers, unions,
and local communities. - ANSWER✔✔true
Disability income insurance - ANSWER✔✔type of disability insurance that
provide benefits if someone becomes ill and is unable to work
permanent total - ANSWER✔✔is the most sever type of disability
Bodily injuries - ANSWER✔✔usually excluded under errors and omissions
insurance
The period of time when no benefits are paid is called the black out period -
ANSWER✔✔true
In addition to ISO a commercial crime program falls under Jurisdiction of -
ANSWER✔✔Surety Association of America
