PSI Property and Casualty Exam Questions with Complete Answers

PSI Property and Casualty Exam Questions with Complete Answers Unless otherwise specified in the insurance contract, all of the following are TRUE regarding return of premium EXCEPT-Answer-The premium is forfeited if the policy is cancelled Which of the following is TRUE regarding who qualifies for coverage under the California Fair Access to Insurance Requirements plan?-Answer-Any person who is unable to obtain basic property insurance through normal channels Who is legally capable to estimate the replacement value of a structure and discuss homeowners policy coverage levels?-Answer-An insurer underwriter or actuary What document must be provided to the insured prior to any residential insurance policy being issued or renewed?-Answer-A copy of the California Residential Property disclosure statement? Which type of coverage protects against loss caused by earth movement?-Answer-A stand alone earthquake insurance policy specifically insuring against loss caused by land subsidence