California Property and Casualty Insurance
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solutions (2026) UPDATE |2026!! STUDY GUIDE
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Terms in this set (74)
What is the required rate discount 20% below the rate the insured would have been
under a Good Driver Discount otherwise charged for the same coverage
policy?
All the following are authorized Charges and collects a brokers fee for service
activities for the Limited Automobile
Insurance Agent EXCEPT if the
agent
What is the procedure for refusing Prior to issuance or renewal, the insured may
uninsured motorist coverage in a state in writing that they do not want the
liability policy? coverage
How many classes of insurance are There are a total of 20 classes of insurance
defined under California Insurance defined under California Law, with many sub-
Law, including "miscellaneous" and classes.
"reserved"
When can a person who sells real A buyer is always able to choose their own
property require the use of a insurance representative
specific insurance agent, broker or
solicitor?
, All the following are requirements The number of auto accidents that occur within
for determining an area that the country
qualifies for Low Cost Automobile
Insurance EXCEPT
Which of the following describes a The first insurer issues insurance to compensate
contract of reinsurance? another insurer for losses on contracts issued by
that second insurer
The managing General Agent The insurer
negotiates and binds ceding
Insurance on behalf of whom?
All of the following are duties of a Delivering policies to the insured
Managing General Agent EXCEPT
Who is able to place business Only agent/brokers licensed in fire and Casualty
through the California Automobile who have also been certified through CAARP
Assessed Risk Program?
Can a lender, as a condition of The loan recipient may always select a particular
making a loan, require that any agent or broker of their choosing
insurance be placed through a
particular insurance agent or
broker?
All of the following apply to A commissioner shall notify the public of a rate
"Approved of Insurance Rates" change after it has been approved
EXCEPT
Who must be able to inspect The insurance commissioner
records of insurance transactions
made availability by agent-brokers
at any time?
Exam Questions & Answers | 100% Verified
solutions (2026) UPDATE |2026!! STUDY GUIDE
EXAM
Save
Terms in this set (74)
What is the required rate discount 20% below the rate the insured would have been
under a Good Driver Discount otherwise charged for the same coverage
policy?
All the following are authorized Charges and collects a brokers fee for service
activities for the Limited Automobile
Insurance Agent EXCEPT if the
agent
What is the procedure for refusing Prior to issuance or renewal, the insured may
uninsured motorist coverage in a state in writing that they do not want the
liability policy? coverage
How many classes of insurance are There are a total of 20 classes of insurance
defined under California Insurance defined under California Law, with many sub-
Law, including "miscellaneous" and classes.
"reserved"
When can a person who sells real A buyer is always able to choose their own
property require the use of a insurance representative
specific insurance agent, broker or
solicitor?
, All the following are requirements The number of auto accidents that occur within
for determining an area that the country
qualifies for Low Cost Automobile
Insurance EXCEPT
Which of the following describes a The first insurer issues insurance to compensate
contract of reinsurance? another insurer for losses on contracts issued by
that second insurer
The managing General Agent The insurer
negotiates and binds ceding
Insurance on behalf of whom?
All of the following are duties of a Delivering policies to the insured
Managing General Agent EXCEPT
Who is able to place business Only agent/brokers licensed in fire and Casualty
through the California Automobile who have also been certified through CAARP
Assessed Risk Program?
Can a lender, as a condition of The loan recipient may always select a particular
making a loan, require that any agent or broker of their choosing
insurance be placed through a
particular insurance agent or
broker?
All of the following apply to A commissioner shall notify the public of a rate
"Approved of Insurance Rates" change after it has been approved
EXCEPT
Who must be able to inspect The insurance commissioner
records of insurance transactions
made availability by agent-brokers
at any time?
