California property and casualty examm

Page |1 p p




CALIFORNIA PROPERTY AND CASUALTY EXAM p p p p




2025| BRAND NEW ACTUAL EXAM WITH100% V
p p p p p p p p




ERIFIED QUESTIONS AND CORRECT SOLUTIO p p p p




NS| GUARANTEED VALUE PACK| ACEYOUR GR
p p p p p p




ADES.

1. The process where by a mutul insurer becomes a stock company isc
p p p p p p p p p p p p


alled - correct answer - Demutalization
p p p p p




2. The process whereby a stock company a mutal insurer is called -
p p p p p p p p p p p


correctanswer - Mutalization
p p p p




3. The provision in a property policy which states that the insured has beenp
p p p p p p p p p p p p p


aid up to their insurable interest is - correct answer - Valuation clause
p p p p p p p p p p p p




4. The part of the policy that states the amout of coverage the insuredpr
p p p p p p p p p p p p p


operty policy period is - correct answer - Declaration
p p p p p p p p




5. Part of the policy that establishes limits upon the insurer and the insuredwi
p p p p p p p p p p p p p


th the insuance policy - correct answer - Conditions
p p p p p p p p

, Page |2
p p




6. Which are the characterics of negligence - correct answer -
p p p p p p p p p


Duty,breach,proximate cause, damages
p p p




7. Which of the following is not a federal program - correct answer -
p p p p p p p p p p p p


Worker' compensation
p p




8. Absolute risk(liability) is imposed - correct answer -
p p p p p p p


When there isnegligence whether proven or not
p p p p p p p p




9. X is in an accident with Y. X suffers $5000 of damage but it is determined t
p p p p p p p p p p p p p p p p


hat X is 60% responsible for the accident. How much wouldX receive und
p p p p p p p p p p p p p


er CONTRIBUTORY negligence rules? - correct answer -
p p p p p p p


$0




10. what is the main purpose of tort law - correct answer -
p p p p p p p p p p p


p to determinefinancial responsibillty for damage
p p p p p




11. what of the following is not considered an intentional tort? -
p p p p p p p p p p


p correctanswer - Auto accident
p p p p




12. Which of the following statements is true regarding compensatoryd
p p p p p p p p p


amages? - correct answer - There is usually no direct correlation
p p p p p p p p p p

, Page |3 p p




between the amount of general and special damages awarded to thevi
p p p p p p p p p p p


ctim




13. The insurer decides not to renewan insured's personal auto policy.H
p p p p p p p p p p


ow much notice must the insurer provide to the insured -
p p p p p p p p p p


correct answer - 30 days
p p p p p




14. an insured's loss reserve for a claim isan estimate of the amount insur
p p p p p p p p p p p p


er will pay for present and future loss, which of the following is an exampl
p p p p p p p p p p p p p p


e of loss prevention - correct answer -
p p p p p p p


a homeowner decides notto install a pool in the backyard
p p p p p p p p p p p




15. which of the following describes the act of making a false entry in anybo
p p p p p p p p p p p p p p


ok statement of report of any insurer with the intent to device any examine
p p p p p p p p p p p p p


r lawfully appointed to examine the insured's - correct answer -
p p p p p p p p p p


pan unfair practice
p p




16. a person can base his/her claim for liability on the basis of all of thefol
p p p p p p p p p p p p p p p


lowing EXCEPT - correct answer - breach of liability
p p p p p p p p




17. the term "assignment"refers to - correct answer -
p p p p p p p


p the transfer of theinsured's interest in a policy to another party
p p p p p p p p p p p

, Page |4 p p




18. the term "subrogation" refers to - correct answer -
p p p p p p p p


p the insured's rightto recover payment from a responsible 3rd party
p p p p p p p p p p




19. insur's right to recover the payment of the claim after they paid thein
p p p p p p p p p p p p p


sured for their property losses a negligent 3rd party is know as, -
p p p p p p p p p p p p


correct answer - subrogation
p p p p




20. an insurance deductible is - correct answer -
p p p p p p p


the amount of coveredexpense that the insured pays before the insurer
p p p p p p p p p p p p p


pays,




21. all of the following are requirements for a notice by mail to an insuredb
p p p p p p p p p p p p p p


y insurer except - correct answer -
p p p p p p


notice must be sent with return receipt required
p p p p p p p p




22. which of the following is considered special damages -
p p p p p p p p


p correctanswer - Compensation for time away from work
p p p p p p p p




23. Which advisory organization(s) develop forms for the standard
p p p p p p p p


market? - correct answer - p p p p


Insurane service office and American association of insurances
p p p p p p p p




24. Which of the following would be considered special dmamges? -
p p p p p p p p p


correct answer - Lost wages
p p p p p