PSI Exam Property and Casualty Questions
And Answers
All of the following are authorized activities for the limited lines
automobile insurance agents EXCEPT if the agent -
correct answer ✅Charges and collects a brokers fee for service
Which of the following descries a contract of reinsurance? -
correct answer ✅A first insurer issues insurance to compensate
another insurer for losses on contracts issued by that second
insurer
A personal lines licensee is an agent-broker who is able to transact
coverage for all the following EXCEPT -
correct answer ✅Personal Aircraft
All of the following are requirements for determining an area that
qualifies for Low Cost Automobile Insurance EXCEPT -
correct answer ✅The number of automobile accidents that occur
within the county
What criteria must a person meet in order to be qualified to
purchase a good driver discount policy? -
correct answer ✅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
, PSI Exam Property and Casualty Questions
And Answers
Which of the following must be prominently displayed so that it can
be readily inspected on the licensee? -
correct answer ✅Currency and capacity
What is the primary function of the California Automotive Assigned
Risk Plan? CARRP -
correct answer ✅To put people who have trouble obtaining
insurance in touch with insurers who may be required by law to
insure them.
Which is NOT a duty of the Workers Compensation Bureau? -
correct answer ✅Determine which claims are approved and which
are denied.
When can a person who sells real property require the use of a
specific insurance agent, broker or solicitor? -
correct answer ✅A buyer is always ale to choose their insurance
representative
At which point is a person licensed as a broker-agent deemed to be
acting as an insurance agent? -
And Answers
All of the following are authorized activities for the limited lines
automobile insurance agents EXCEPT if the agent -
correct answer ✅Charges and collects a brokers fee for service
Which of the following descries a contract of reinsurance? -
correct answer ✅A first insurer issues insurance to compensate
another insurer for losses on contracts issued by that second
insurer
A personal lines licensee is an agent-broker who is able to transact
coverage for all the following EXCEPT -
correct answer ✅Personal Aircraft
All of the following are requirements for determining an area that
qualifies for Low Cost Automobile Insurance EXCEPT -
correct answer ✅The number of automobile accidents that occur
within the county
What criteria must a person meet in order to be qualified to
purchase a good driver discount policy? -
correct answer ✅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
, PSI Exam Property and Casualty Questions
And Answers
Which of the following must be prominently displayed so that it can
be readily inspected on the licensee? -
correct answer ✅Currency and capacity
What is the primary function of the California Automotive Assigned
Risk Plan? CARRP -
correct answer ✅To put people who have trouble obtaining
insurance in touch with insurers who may be required by law to
insure them.
Which is NOT a duty of the Workers Compensation Bureau? -
correct answer ✅Determine which claims are approved and which
are denied.
When can a person who sells real property require the use of a
specific insurance agent, broker or solicitor? -
correct answer ✅A buyer is always ale to choose their insurance
representative
At which point is a person licensed as a broker-agent deemed to be
acting as an insurance agent? -
