California Property and Casualty |\ |\ |\ |\
Insurance Exam QUESTIONS WITH |\ |\ |\ |\
ANSWERS
What is the required rate discount under a Good Driver Discount
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policy? - CORRECT ANSWERS ✔✔20% below the rate the insured
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would have been otherwise charged for the same coverage
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All the following are authorized activities for the Limited
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Automobile Insurance Agent EXCEPT if the agent - CORRECT
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ANSWERS ✔✔Charges and collects a brokers fee for service
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What is the procedure for refusing uninsured motorist coverage in a
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liability policy? - CORRECT ANSWERS ✔✔Prior to issuance or
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renewal, the insured may state in writing that they do not want the
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coverage
How many classes of insurance are defined under California
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Insurance Law, including "miscellaneous" and "reserved" -
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CORRECT ANSWERS ✔✔There are a total of 20 classes of
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insurance defined under California Law, with many sub-classes.
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, When can a person who sells real property require the use of a
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specific insurance agent, broker or solicitor? - CORRECT ANSWERS
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✔✔A buyer is always able to choose their own insurance
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representative
All the following are requirements for determining an area that
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qualifies for Low Cost Automobile Insurance EXCEPT - CORRECT
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ANSWERS ✔✔The number of auto accidents that occur within the
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country
Which of the following describes a contract of reinsurance? -
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CORRECT ANSWERS ✔✔The first insurer issues insurance to |\ |\ |\ |\ |\ |\ |\ |\
compensate another insurer for losses on contracts issued by that
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second insurer |\
The managing General Agent negotiates and binds ceding Insurance
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on behalf of whom? - CORRECT ANSWERS ✔✔The insurer
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All of the following are duties of a Managing General Agent
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EXCEPT - CORRECT ANSWERS ✔✔Delivering policies to the
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insured
Who is able to place business through the California Automobile
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Assessed Risk Program? - CORRECT ANSWERS ✔✔Only
|\ |\ |\ |\ |\ |\
Insurance Exam QUESTIONS WITH |\ |\ |\ |\
ANSWERS
What is the required rate discount under a Good Driver Discount
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
policy? - CORRECT ANSWERS ✔✔20% below the rate the insured
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
would have been otherwise charged for the same coverage
|\ |\ |\ |\ |\ |\ |\ |\
All the following are authorized activities for the Limited
|\ |\ |\ |\ |\ |\ |\ |\ |\
Automobile Insurance Agent EXCEPT if the agent - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Charges and collects a brokers fee for service
|\ |\ |\ |\ |\ |\ |\ |\
What is the procedure for refusing uninsured motorist coverage in a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
liability policy? - CORRECT ANSWERS ✔✔Prior to issuance or
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
renewal, the insured may state in writing that they do not want the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
coverage
How many classes of insurance are defined under California
|\ |\ |\ |\ |\ |\ |\ |\ |\
Insurance Law, including "miscellaneous" and "reserved" -
|\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔There are a total of 20 classes of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
insurance defined under California Law, with many sub-classes.
|\ |\ |\ |\ |\ |\ |\
, When can a person who sells real property require the use of a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
specific insurance agent, broker or solicitor? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔A buyer is always able to choose their own insurance
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
representative
All the following are requirements for determining an area that
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
qualifies for Low Cost Automobile Insurance EXCEPT - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔The number of auto accidents that occur within the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
country
Which of the following describes a contract of reinsurance? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔The first insurer issues insurance to |\ |\ |\ |\ |\ |\ |\ |\
compensate another insurer for losses on contracts issued by that
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
second insurer |\
The managing General Agent negotiates and binds ceding Insurance
|\ |\ |\ |\ |\ |\ |\ |\
on behalf of whom? - CORRECT ANSWERS ✔✔The insurer
|\ |\ |\ |\ |\ |\ |\ |\ |\
All of the following are duties of a Managing General Agent
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
EXCEPT - CORRECT ANSWERS ✔✔Delivering policies to the
|\ |\ |\ |\ |\ |\ |\ |\
insured
Who is able to place business through the California Automobile
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Assessed Risk Program? - CORRECT ANSWERS ✔✔Only
|\ |\ |\ |\ |\ |\
