CALIFORNIA PROPERTY AND CASUALTY
INSURANCE PRACTICE EXAM WITH BEST
SOLUTIONS
What 2 different types of areas are served by the
California Fair Access to Insurance
Responsibilities plan?
1.
Poor and alien.
2.
Earthquake prone and rural.
3.
War zones and high crime.
4.
Brush fire risk and inner city. - answer-4. Brush
fire risk and inner city.
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. - 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.
insurance against perils of navigation for import
and exporting of goods. - answer-3.
transportation involving bridges and tunnels.
Which of the following is TRUE regarding the
application and renewal of the limited lines
automobile insurance agent license?
1.
The fees and process are the same as for a
personal lines licensee.
2.
There are no fees for filing the application or
renewal applications for the license.
3.
The limited lines agent is ineligible to become a
property or casualty broker-agent.
4.
, The agent must pass an examination on the
insurance code and products, but not ethics. -
answer-1. The fees and process are the same as
for a personal lines licensee.
Which of the following is TRUE regarding
continuing education requirements of an agent
or broker?
1.
Any licensee shall satisfactorily complete 24
hours of instruction prior to license renewal.
2.
Any licensee in good standing for 10 years may
apply for exemption to the continuing education
requirement if reputation has been proven.
3.
An agent or broker licensed in life and health
requires more continuing education hours than
an agent or broker licensed in property and
casualty.
4.
INSURANCE PRACTICE EXAM WITH BEST
SOLUTIONS
What 2 different types of areas are served by the
California Fair Access to Insurance
Responsibilities plan?
1.
Poor and alien.
2.
Earthquake prone and rural.
3.
War zones and high crime.
4.
Brush fire risk and inner city. - answer-4. Brush
fire risk and inner city.
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. - 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.
insurance against perils of navigation for import
and exporting of goods. - answer-3.
transportation involving bridges and tunnels.
Which of the following is TRUE regarding the
application and renewal of the limited lines
automobile insurance agent license?
1.
The fees and process are the same as for a
personal lines licensee.
2.
There are no fees for filing the application or
renewal applications for the license.
3.
The limited lines agent is ineligible to become a
property or casualty broker-agent.
4.
, The agent must pass an examination on the
insurance code and products, but not ethics. -
answer-1. The fees and process are the same as
for a personal lines licensee.
Which of the following is TRUE regarding
continuing education requirements of an agent
or broker?
1.
Any licensee shall satisfactorily complete 24
hours of instruction prior to license renewal.
2.
Any licensee in good standing for 10 years may
apply for exemption to the continuing education
requirement if reputation has been proven.
3.
An agent or broker licensed in life and health
requires more continuing education hours than
an agent or broker licensed in property and
casualty.
4.
