CALIFORNIA PROPERTY AND CASUALTY
INSURANCE EXAM QUESTIONS WITH
100% COMPLETE SOLUTIONS| LATEST
UPDATE
How may a license be surrendered by the insuree, or terminate by the employer? -
correct answer- Personally delivering the license to the insurance commissioner, or by
written notice from the employer
Which circumstances in a pretext interview determine if the questions are permissible? -
correct answer- When the insured is consulted by a person who hides his true identity
on purpose when fraud for a claim is suspected
Which of the following is TRUE regarding nonadmitted insurers -correct answer- Acting
as an agent for a nonadmitted insurer is considered a misdemeanor
Which group is offered additional protection by the Unfair Practices Act that regulates
trade practices in the business of insurance? -correct answer- Survivors of the
holocaust
What is the maximum fine for a person who transacts insurance without a valid license?
-correct answer- $50,000 and/or imprisonment for a period not exceeding one year
All of the following are to be specified in an insurance policy EXCEPT -correct answer-
The financial rating of the insured
It is unlawful to do any of the following EXCEPT -correct answer- Make or caused to
made a knowingly false or fraudulent or material representation for the purpose of
encouraging an injured worker to claim benefits
Which is considered no public personal information as defined by the California
Financial Code? -correct answer- Tax return
, Which form of negotiation is covered h see the definition of "transact" as applied to
insurance? -correct answer- Negotiations preliminary to execution
Which of the following may be insured against? -correct answer- Wagering losses
What are the requirements for notices required by any provision of the insurance code
to a person unless expressly provides otherwise? -correct answer- They should be sent
to a mailing notice at their residence or place of business
What does concealment, whether intentional or unintentional, entitle the injured party
to? -correct answer- The insurer may rescind the contract on the basis of
misrepresentation, concealment, or fraud by the insured.
If fiduciary funds are received by any licensee, the funds shall by maintained in any of
the following EXCEPT -correct answer- Bonds issued in all 50 states of the United
States
Which of the following must be prominently displayed so that it can be readily inspected
on the license? -correct answer- Currency and capacity
When can a rate be denied by the department? -correct answer- When it is inadequate
and excessive
Which of the following is TRUE regarding the application and renewal of the limited lines
Automobile insurance agent license? -correct answer- The fees and process are the
same as for a personal lines licensee
All of the following are reasons employers liability insurance is needed in addition to
workers compensation insurance EXCEPT -correct answer- To pay medical bills
What is the primary function of the CAARP? -correct answer- To put people who have
trouble obtaining insurance in touch with insurers who may be required by law to insure
them
INSURANCE EXAM QUESTIONS WITH
100% COMPLETE SOLUTIONS| LATEST
UPDATE
How may a license be surrendered by the insuree, or terminate by the employer? -
correct answer- Personally delivering the license to the insurance commissioner, or by
written notice from the employer
Which circumstances in a pretext interview determine if the questions are permissible? -
correct answer- When the insured is consulted by a person who hides his true identity
on purpose when fraud for a claim is suspected
Which of the following is TRUE regarding nonadmitted insurers -correct answer- Acting
as an agent for a nonadmitted insurer is considered a misdemeanor
Which group is offered additional protection by the Unfair Practices Act that regulates
trade practices in the business of insurance? -correct answer- Survivors of the
holocaust
What is the maximum fine for a person who transacts insurance without a valid license?
-correct answer- $50,000 and/or imprisonment for a period not exceeding one year
All of the following are to be specified in an insurance policy EXCEPT -correct answer-
The financial rating of the insured
It is unlawful to do any of the following EXCEPT -correct answer- Make or caused to
made a knowingly false or fraudulent or material representation for the purpose of
encouraging an injured worker to claim benefits
Which is considered no public personal information as defined by the California
Financial Code? -correct answer- Tax return
, Which form of negotiation is covered h see the definition of "transact" as applied to
insurance? -correct answer- Negotiations preliminary to execution
Which of the following may be insured against? -correct answer- Wagering losses
What are the requirements for notices required by any provision of the insurance code
to a person unless expressly provides otherwise? -correct answer- They should be sent
to a mailing notice at their residence or place of business
What does concealment, whether intentional or unintentional, entitle the injured party
to? -correct answer- The insurer may rescind the contract on the basis of
misrepresentation, concealment, or fraud by the insured.
If fiduciary funds are received by any licensee, the funds shall by maintained in any of
the following EXCEPT -correct answer- Bonds issued in all 50 states of the United
States
Which of the following must be prominently displayed so that it can be readily inspected
on the license? -correct answer- Currency and capacity
When can a rate be denied by the department? -correct answer- When it is inadequate
and excessive
Which of the following is TRUE regarding the application and renewal of the limited lines
Automobile insurance agent license? -correct answer- The fees and process are the
same as for a personal lines licensee
All of the following are reasons employers liability insurance is needed in addition to
workers compensation insurance EXCEPT -correct answer- To pay medical bills
What is the primary function of the CAARP? -correct answer- To put people who have
trouble obtaining insurance in touch with insurers who may be required by law to insure
them
