PSI Exam Property and Casualty questions with correct 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 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 Ca