California Property and Casualty Insurance Exam QUESTIONS WITH ANSWERS.

California Property and Casualty |\ |\ |\ |\




Insurance Exam QUESTIONS WITH |\ |\ |\ |\




ANSWERS


What is the required rate discount under a Good Driver Discount
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policy? - CORRECT ANSWERS ✔✔20% below the rate the insured
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would have been otherwise charged for the same coverage
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All the following are authorized activities for the Limited
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Automobile Insurance Agent EXCEPT if the agent - CORRECT
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ANSWERS ✔✔Charges and collects a brokers fee for service
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What is the procedure for refusing uninsured motorist coverage in a
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liability policy? - CORRECT ANSWERS ✔✔Prior to issuance or
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renewal, the insured may state in writing that they do not want the
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coverage


How many classes of insurance are defined under California
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Insurance Law, including "miscellaneous" and "reserved" -
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CORRECT ANSWERS ✔✔There are a total of 20 classes of
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insurance defined under California Law, with many sub-classes.
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, When can a person who sells real property require the use of a
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specific insurance agent, broker or solicitor? - CORRECT ANSWERS
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✔✔A buyer is always able to choose their own insurance
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representative


All the following are requirements for determining an area that
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qualifies for Low Cost Automobile Insurance EXCEPT - CORRECT
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ANSWERS ✔✔The number of auto accidents that occur within the
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country


Which of the following describes a contract of reinsurance? -
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CORRECT ANSWERS ✔✔The first insurer issues insurance to |\ |\ |\ |\ |\ |\ |\ |\



compensate another insurer for losses on contracts issued by that
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second insurer |\




The managing General Agent negotiates and binds ceding Insurance
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on behalf of whom? - CORRECT ANSWERS ✔✔The insurer
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All of the following are duties of a Managing General Agent
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EXCEPT - CORRECT ANSWERS ✔✔Delivering policies to the
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insured


Who is able to place business through the California Automobile
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Assessed Risk Program? - CORRECT ANSWERS ✔✔Only
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