California Property and Casualty Exam Questions and
Answers Graded A+
Which of the following is incorrect?
Part A covers long term care
Part A covers hospital care
Part B covers physicians
Part B requires monthly premium payments -Answer✔✔Part A covers long term care
Medical payments coverage under the personal auto policy applies for medical bills insured up
to how long after an accident?
One year
Five years
Three years
Two years -Answer✔✔Three years
Workers Comp. Part. I covers:
All sums the insurer is required to pay by state law
All sums the insurer will pay when deemed necessary
All sums the insurer is required to pay by common law
All sums the insurer is required to pay by federal law -Answer✔✔All sums the insurer is
required to pay by state law
The two major sublines of general liability coverage are:
Products and completed operations
,Products and completed operations and advertising liability
Premises operations and product liability
Premises/operations and products and completed operations -Answer✔✔Premises/operations
and products and completed operations
Which of the following would NOT be covered under a typical homeowners policy?
Music CDs
Model aircraft
Dog house
Land -Answer✔✔Land
Medi-Cal will cover what part of medicare with no premium or deductible for the eligible?
Part C
Part A
Part B
Part D -Answer✔✔Part D
Flood insurance provided by NFIP is available for:
businesses and their contents
homes and their contents
mobile homes and condos
all of the choices -Answer✔✔all of the choices
Coverage under a general liability policy written for a U.S. insured would apply in Japan under
which of the following circumstance?
,The insured accidentally injures another while in Japan on vacation
There is an injury resulting from the insureds product which was made in France
An individual buys the insureds product in the United States, but is injured when using the
product in Japan
The insured is flying to Japan from the United States -Answer✔✔An individual buys the
insureds product in the United States, but is injured when using the product in Japan
Which of the following is NOT a party to a surety bond?
Surety
Principal
Bondsman
Obligee -Answer✔✔Bondsman
The Boiler and Machinery limit of insurance is written as:
As an Aggregate Limit
Any of the choices
A single limit of insurance per policy period
A single limit of insurance per accident -Answer✔✔A single limit of insurance per accident
A self-insured retention acts as a deductible and applies to claims covered by an umbrella policy,
but excluded by an underlying policy in a personal umbrella. The S.I.R. ranges from $250 to:
$1,500
$1,000
$500
$750 -Answer✔✔$1,000
, A fiduciary is:
a person who has no financial responsibility whatsoever.
a person who is in a position of financial trust.
buys and sells used autos for a nominal fee.
a person that handles cash in excess of $10,000 every month without any oversight. -
Answer✔✔a person who is in a position of financial trust.
All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Loss payee and address
Mortgage holders and address -Answer✔✔Boiler and Machinery Exclusions
All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Mortgage holders and address
Loss payee and address -Answer✔✔Boiler and Machinery Exclusions
Which of the following would be considered covered property under a commercial property
coverage form?
Outdoor sign
Building foundation below ground level
Satellite dish
Stock -Answer✔✔Stock
Answers Graded A+
Which of the following is incorrect?
Part A covers long term care
Part A covers hospital care
Part B covers physicians
Part B requires monthly premium payments -Answer✔✔Part A covers long term care
Medical payments coverage under the personal auto policy applies for medical bills insured up
to how long after an accident?
One year
Five years
Three years
Two years -Answer✔✔Three years
Workers Comp. Part. I covers:
All sums the insurer is required to pay by state law
All sums the insurer will pay when deemed necessary
All sums the insurer is required to pay by common law
All sums the insurer is required to pay by federal law -Answer✔✔All sums the insurer is
required to pay by state law
The two major sublines of general liability coverage are:
Products and completed operations
,Products and completed operations and advertising liability
Premises operations and product liability
Premises/operations and products and completed operations -Answer✔✔Premises/operations
and products and completed operations
Which of the following would NOT be covered under a typical homeowners policy?
Music CDs
Model aircraft
Dog house
Land -Answer✔✔Land
Medi-Cal will cover what part of medicare with no premium or deductible for the eligible?
Part C
Part A
Part B
Part D -Answer✔✔Part D
Flood insurance provided by NFIP is available for:
businesses and their contents
homes and their contents
mobile homes and condos
all of the choices -Answer✔✔all of the choices
Coverage under a general liability policy written for a U.S. insured would apply in Japan under
which of the following circumstance?
,The insured accidentally injures another while in Japan on vacation
There is an injury resulting from the insureds product which was made in France
An individual buys the insureds product in the United States, but is injured when using the
product in Japan
The insured is flying to Japan from the United States -Answer✔✔An individual buys the
insureds product in the United States, but is injured when using the product in Japan
Which of the following is NOT a party to a surety bond?
Surety
Principal
Bondsman
Obligee -Answer✔✔Bondsman
The Boiler and Machinery limit of insurance is written as:
As an Aggregate Limit
Any of the choices
A single limit of insurance per policy period
A single limit of insurance per accident -Answer✔✔A single limit of insurance per accident
A self-insured retention acts as a deductible and applies to claims covered by an umbrella policy,
but excluded by an underlying policy in a personal umbrella. The S.I.R. ranges from $250 to:
$1,500
$1,000
$500
$750 -Answer✔✔$1,000
, A fiduciary is:
a person who has no financial responsibility whatsoever.
a person who is in a position of financial trust.
buys and sells used autos for a nominal fee.
a person that handles cash in excess of $10,000 every month without any oversight. -
Answer✔✔a person who is in a position of financial trust.
All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Loss payee and address
Mortgage holders and address -Answer✔✔Boiler and Machinery Exclusions
All of the following are listed on the Boiler and Machinery Declaration page EXCEPT:
Boiler and Machinery Exclusions
Mailing Address of named insured
Mortgage holders and address
Loss payee and address -Answer✔✔Boiler and Machinery Exclusions
Which of the following would be considered covered property under a commercial property
coverage form?
Outdoor sign
Building foundation below ground level
Satellite dish
Stock -Answer✔✔Stock
