CA Property and Casualty Insurance Practice Exam questions with correct answers

Which of the following is TRUE regarding who qualifies for coverage under the California Fair Access to Insurance Requirements plan? 1. Any person who is unable to obtain basic property insurance through normal channels. 2. Any person who qualifies will receive superior coverage to other forms of property insurance. 3. Any person who does NOT have an insurable interest in a property can participate in the FAIR plan. 4. Any person who qualifies will have the inspection automatically waived if they are a FAIR plan participant. CORRECT ANSWER 1. Any person who is unable to obtain basic property insurance through normal channels. A Special Surplus Line Broker is allowed to place coverage with a non-admitted insurer for all the following EXCEPT 1. aircraft insurance. 2. interstate commerce involving railroads. 3. transportation involving bridges and tunnels. 4.