PSI Exam Property and Casualty Complete Questions with
Detailed Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz All of the following are authorized activities for the limited lines automobile insurance
agents EXCEPT if the agent
Ans: Charges and collects a broker’s fee for service
Qiz Which of the following descries a contract of reinsurance?
Ans: A first insurer issues insurance to compensate another insurer for losses on contracts
issued by that second insurer
Qiz A personal lines licensee is an agent-broker who is able to transact coverage for all the
following EXCEPT
Ans: Personal Aircraft
, Qiz All of the following are requirements for determining an area that qualifies for Low Cost
Automobile Insurance EXCEPT
Ans: The number of automobile accidents that occur within the county
Qiz What criteria must a person meet in order to be qualified to purchase a good driver
discount policy?
Ans: Being licensed to drive a motor vehicle for the previous 3 years and has not had more than
1 violation point as determined by the CIC
Qiz Which of the following must be prominently displayed so that it can be readily inspected on
the licensee?
Ans: Currency and capacity
Qiz What is the primary function of the California Automotive Assigned Risk Plan? CARRP
Ans: To put people who have trouble obtaining insurance in touch with insurers who may be
required by law to insure them.
Qiz Which is NOT a duty of the Workers Compensation Bureau?
Detailed Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz All of the following are authorized activities for the limited lines automobile insurance
agents EXCEPT if the agent
Ans: Charges and collects a broker’s fee for service
Qiz Which of the following descries a contract of reinsurance?
Ans: A first insurer issues insurance to compensate another insurer for losses on contracts
issued by that second insurer
Qiz A personal lines licensee is an agent-broker who is able to transact coverage for all the
following EXCEPT
Ans: Personal Aircraft
, Qiz All of the following are requirements for determining an area that qualifies for Low Cost
Automobile Insurance EXCEPT
Ans: The number of automobile accidents that occur within the county
Qiz What criteria must a person meet in order to be qualified to purchase a good driver
discount policy?
Ans: Being licensed to drive a motor vehicle for the previous 3 years and has not had more than
1 violation point as determined by the CIC
Qiz Which of the following must be prominently displayed so that it can be readily inspected on
the licensee?
Ans: Currency and capacity
Qiz What is the primary function of the California Automotive Assigned Risk Plan? CARRP
Ans: To put people who have trouble obtaining insurance in touch with insurers who may be
required by law to insure them.
Qiz Which is NOT a duty of the Workers Compensation Bureau?
