California Property and Casualty
Insurance Exam Questions with
Complete Correct Answers | Grade
A+
What is the required rate discount under a Good Driver Discount policy?
Ans: 20% below the rate the insured would have been otherwise charged for the same
coverage
All the following are authorized activities for the Limited Automobile Insurance Agent
EXCEPT if the agent
Ans: Charges and collects a brokers fee for service
What is the procedure for refusing uninsured motorist coverage in a liability policy?
Ans: Prior to issuance or renewal, the insured may state in writing that they do not want the
coverage
How many classes of insurance are defined under California Insurance Law, including
"miscellaneous" and "reserved"
, Ans: There are a total of 20 classes of insurance defined under California Law, with many
sub-classes.
When can a person who sells real property require the use of a specific insurance agent,
broker or solicitor?
Ans: A buyer is always able to choose their own insurance representative
All the following are requirements for determining an area that qualifies for Low Cost
Automobile Insurance EXCEPT
Ans: The number of auto accidents that occur within the country
Which of the following describes a contract of reinsurance?
Ans: The first insurer issues insurance to compensate another insurer for losses on contracts
issued by that second insurer
The managing General Agent negotiates and binds ceding Insurance on behalf of whom?
Ans: The insurer
All of the following are duties of a Managing General Agent EXCEPT
Ans: Delivering policies to the insured
Insurance Exam Questions with
Complete Correct Answers | Grade
A+
What is the required rate discount under a Good Driver Discount policy?
Ans: 20% below the rate the insured would have been otherwise charged for the same
coverage
All the following are authorized activities for the Limited Automobile Insurance Agent
EXCEPT if the agent
Ans: Charges and collects a brokers fee for service
What is the procedure for refusing uninsured motorist coverage in a liability policy?
Ans: Prior to issuance or renewal, the insured may state in writing that they do not want the
coverage
How many classes of insurance are defined under California Insurance Law, including
"miscellaneous" and "reserved"
, Ans: There are a total of 20 classes of insurance defined under California Law, with many
sub-classes.
When can a person who sells real property require the use of a specific insurance agent,
broker or solicitor?
Ans: A buyer is always able to choose their own insurance representative
All the following are requirements for determining an area that qualifies for Low Cost
Automobile Insurance EXCEPT
Ans: The number of auto accidents that occur within the country
Which of the following describes a contract of reinsurance?
Ans: The first insurer issues insurance to compensate another insurer for losses on contracts
issued by that second insurer
The managing General Agent negotiates and binds ceding Insurance on behalf of whom?
Ans: The insurer
All of the following are duties of a Managing General Agent EXCEPT
Ans: Delivering policies to the insured
