California property and casualty exam questions with correct answers

The process where by a mutul insurer becomes a stock company is called CORRECT ANSWER Demutalization The process where by a mutul insurer becomes a stock company is called CORRECT ANSWER Demutalization The process whereby a stock company a mutal insurer is called CORRECT ANSWER Mutalization The process whereby a stock company a mutal insurer is called CORRECT ANSWER Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is CORRECT ANSWER Valuation clause The provision in a property policy which states that the insured has been paid up to their insurable interest is CORRECT ANSWER Valuation clause The part of the policy that states the amout of coverage the insured property policy period is CORRECT ANSWER Declaration The part of the policy that states the amout of coverage the insured property policy period is CORRECT ANSWER Declaration Part of the policy that establishes limits upon the insurer and the insured with the insuance policy CORRECT ANSWE