California Property and Causality Practice Exam questions with correct answers

When can a person who sells real property require the use of a specific insurance agent, broker or solicitor? 1. As a condition precent to the sale of such real property. 2. When a buyer's credit score is below the lender's threshold. 3. A buyer is always able to choose their own insurance representative. 4. When it is required by local municipal regulation. CORRECT ANSWER A buyer is always able to choose their own insurance representative. Unless otherwise specified in the insurance contract, all of the following are TRUE regarding return of premium EXCEPT 1. the premium is forfeited if the policy is cancelled. 2. the premium is refunded if a policy is rescinded or rejected. 3. the whole premium is returned if the insurer has not been exposed to loss. 4. any cancellation fees must be disclos