PSI Exam Property And Casualty
Questions With Verified Answers
All bof bthe bfollowing bare bauthorized bactivities bfor bthe blimited blines bautomobile
binsurance bagents bEXCEPT bif bthe bagent b- bcorrect banswers✔✔Charges band
bcollects ba bbrokers bfee bfor bservice
Which bof bthe bfollowing bdescries ba bcontract bof breinsurance? b- bcorrect banswers✔✔A
bfirst binsurer bissues binsurance bto bcompensate banother binsurer bfor blosses bon
bcontracts bissued bby bthat bsecond binsurer
A bpersonal blines blicensee bis ban bagent-broker bwho bis bable bto btransact bcoverage
bfor ball bthe bfollowing bEXCEPT b- bcorrect banswers✔✔Personal bAircraft
All bof bthe bfollowing bare brequirements bfor bdetermining ban barea bthat bqualifies bfor
bLow bCost bAutomobile bInsurance bEXCEPT b- bcorrect banswers✔✔The bnumber bof
bautomobile baccidents bthat boccur bwithin bthe bcounty
What bcriteria bmust ba bperson bmeet bin border bto bbe bqualified bto bpurchase ba bgood
bdriver bdiscount bpolicy? b- bcorrect banswers✔✔Being blicensed bto bdrive ba bmotor
bvehicle bfor bthe bprevious b3 byears band bhas bnot bhad bmore bthan b1 bviolation bpoint
bas bdetermined bby bthe bCIC
Which bof bthe bfollowing bmust bbe bprominently bdisplayed bso bthat bit bcan bbe breadily
binspected bon bthe blicensee? b- bcorrect banswers✔✔Currency band bcapacity
What bis bthe bprimary bfunction bof bthe bCalifornia bAutomotive bAssigned bRisk bPlan?
bCARRP b- bcorrect banswers✔✔To bput bpeople bwho bhave btrouble bobtaining
binsurance bin btouch bwith binsurers bwho bmay bbe brequired bby blaw bto binsure bthem.
Which bis bNOT ba bduty bof bthe bWorkers bCompensation bBureau? b- bcorrect
banswers✔✔Determine bwhich bclaims bare bapproved band bwhich bare bdenied.
When bcan ba bperson bwho bsells breal bproperty brequire bthe buse bof ba bspecific
binsurance bagent, bbroker bor bsolicitor? b- bcorrect banswers✔✔A bbuyer bis balways bale
bto bchoose btheir binsurance brepresentative
, At bwhich bpoint bis ba bperson blicensed bas ba bbroker-agent bdeemed bto bbe bacting bas
ban binsurance bagent? b- bcorrect banswers✔✔when ba bnotice bof bappointment bis bfiled
bwith bthe binsurance bcommissioner
Who bmust bbe bable bto binspect brecords bof binsurance btransactions bmade bavailable
bby bagent-brokers bat bany btime? b- bcorrect banswers✔✔The bInsurance bcommissioner
Where bmust bthe baddress bbe bprinted bfor bthe bprincipal boffice bthat bis brequired bfor
bevery bbroker bagent band bresident binsurance bcasualty bbroker-agent? b- bcorrect
banswers✔✔Applications bfor blicense band brenewals
How bmany bclasses bof binsurance bare bdefined bunder bCalifornia binsurance blaw
bincluding b"miscellaneous" band b"reserved"? b- bcorrect banswers✔✔There bare ba btotal
bof b20 bclasses bof binsurance bunder bCA binsurance blaw bwith bsub bclasses
When bcan ba brate bbe bdenied bby bthe bDepartment? b- bcorrect banswers✔✔when bit bis
binadequate band bexcessive
A b"personal blines" bagent bor bbroker bis ballowed bto btransact bwhat btype bof binsurance
bcoverage? b- bcorrect banswers✔✔Noncommercial bautomobile band bresidential
bproperty
What bis bthe brequired brate bdiscount bunder ba bgood bdriver bdiscount bpolicy? b- bcorrect
banswers✔✔20% bbelow bthe brate bthe binsured bwould bhave bbeen bcharged botherwise
bfor bthe bsame bcoverage
Which bcondition bis bNOT brequired bto bbe bmet bfor ba bsurplus bline bbroker bto badvise
bany bhome bstate binsured bor bapplicate bthat bcoverage bhas bbeen, bor bwill bbe
bobtained bfrom ba bnonadmitted binsurer? b- bcorrect banswers✔✔An bannual bpayment
bas bbeen breceived bby bthe binsurer?
Who bis bauthorized bto badjust bor bpay bclaims bin bexcess bof ban bamount bdetermined
bby bthe bcomissioner? b- bcorrect banswers✔✔The bmanaging bgeneral bagent
In border bfor ban binsurer bto bcontract bwith bthe bstate bcompensation binsurance bfund bit
bmust bmeet ball bof bthe bfollowing bcriteria bEXCEPT b- bcorrect banswers✔✔The binsurer
bhas bmet ball bration brequirements bfor brisk bbased bcapital bRBC
In bconducting bthe bbusiness band baffairs bof bthe bstate bcompensation binsurance bfund
bit bmust bmeet ball bof bthe bfollowing bcriteria bEXCEPT b- bcorrect banswers✔✔Sell blife
binsurance bcovering bcompensation bbenefits
Who bis bable bto bplace bbusiness bthrough bthe bCalifornia bAutomobile bAssessed bRisk
bProgram? b- bcorrect banswers✔✔Only bagent/brokers blicensed bin bfire band bcasualty
bwho bhave balso bbeen bcertified bthrough bCAARP
Questions With Verified Answers
All bof bthe bfollowing bare bauthorized bactivities bfor bthe blimited blines bautomobile
binsurance bagents bEXCEPT bif bthe bagent b- bcorrect banswers✔✔Charges band
bcollects ba bbrokers bfee bfor bservice
Which bof bthe bfollowing bdescries ba bcontract bof breinsurance? b- bcorrect banswers✔✔A
bfirst binsurer bissues binsurance bto bcompensate banother binsurer bfor blosses bon
bcontracts bissued bby bthat bsecond binsurer
A bpersonal blines blicensee bis ban bagent-broker bwho bis bable bto btransact bcoverage
bfor ball bthe bfollowing bEXCEPT b- bcorrect banswers✔✔Personal bAircraft
All bof bthe bfollowing bare brequirements bfor bdetermining ban barea bthat bqualifies bfor
bLow bCost bAutomobile bInsurance bEXCEPT b- bcorrect banswers✔✔The bnumber bof
bautomobile baccidents bthat boccur bwithin bthe bcounty
What bcriteria bmust ba bperson bmeet bin border bto bbe bqualified bto bpurchase ba bgood
bdriver bdiscount bpolicy? b- bcorrect banswers✔✔Being blicensed bto bdrive ba bmotor
bvehicle bfor bthe bprevious b3 byears band bhas bnot bhad bmore bthan b1 bviolation bpoint
bas bdetermined bby bthe bCIC
Which bof bthe bfollowing bmust bbe bprominently bdisplayed bso bthat bit bcan bbe breadily
binspected bon bthe blicensee? b- bcorrect banswers✔✔Currency band bcapacity
What bis bthe bprimary bfunction bof bthe bCalifornia bAutomotive bAssigned bRisk bPlan?
bCARRP b- bcorrect banswers✔✔To bput bpeople bwho bhave btrouble bobtaining
binsurance bin btouch bwith binsurers bwho bmay bbe brequired bby blaw bto binsure bthem.
Which bis bNOT ba bduty bof bthe bWorkers bCompensation bBureau? b- bcorrect
banswers✔✔Determine bwhich bclaims bare bapproved band bwhich bare bdenied.
When bcan ba bperson bwho bsells breal bproperty brequire bthe buse bof ba bspecific
binsurance bagent, bbroker bor bsolicitor? b- bcorrect banswers✔✔A bbuyer bis balways bale
bto bchoose btheir binsurance brepresentative
, At bwhich bpoint bis ba bperson blicensed bas ba bbroker-agent bdeemed bto bbe bacting bas
ban binsurance bagent? b- bcorrect banswers✔✔when ba bnotice bof bappointment bis bfiled
bwith bthe binsurance bcommissioner
Who bmust bbe bable bto binspect brecords bof binsurance btransactions bmade bavailable
bby bagent-brokers bat bany btime? b- bcorrect banswers✔✔The bInsurance bcommissioner
Where bmust bthe baddress bbe bprinted bfor bthe bprincipal boffice bthat bis brequired bfor
bevery bbroker bagent band bresident binsurance bcasualty bbroker-agent? b- bcorrect
banswers✔✔Applications bfor blicense band brenewals
How bmany bclasses bof binsurance bare bdefined bunder bCalifornia binsurance blaw
bincluding b"miscellaneous" band b"reserved"? b- bcorrect banswers✔✔There bare ba btotal
bof b20 bclasses bof binsurance bunder bCA binsurance blaw bwith bsub bclasses
When bcan ba brate bbe bdenied bby bthe bDepartment? b- bcorrect banswers✔✔when bit bis
binadequate band bexcessive
A b"personal blines" bagent bor bbroker bis ballowed bto btransact bwhat btype bof binsurance
bcoverage? b- bcorrect banswers✔✔Noncommercial bautomobile band bresidential
bproperty
What bis bthe brequired brate bdiscount bunder ba bgood bdriver bdiscount bpolicy? b- bcorrect
banswers✔✔20% bbelow bthe brate bthe binsured bwould bhave bbeen bcharged botherwise
bfor bthe bsame bcoverage
Which bcondition bis bNOT brequired bto bbe bmet bfor ba bsurplus bline bbroker bto badvise
bany bhome bstate binsured bor bapplicate bthat bcoverage bhas bbeen, bor bwill bbe
bobtained bfrom ba bnonadmitted binsurer? b- bcorrect banswers✔✔An bannual bpayment
bas bbeen breceived bby bthe binsurer?
Who bis bauthorized bto badjust bor bpay bclaims bin bexcess bof ban bamount bdetermined
bby bthe bcomissioner? b- bcorrect banswers✔✔The bmanaging bgeneral bagent
In border bfor ban binsurer bto bcontract bwith bthe bstate bcompensation binsurance bfund bit
bmust bmeet ball bof bthe bfollowing bcriteria bEXCEPT b- bcorrect banswers✔✔The binsurer
bhas bmet ball bration brequirements bfor brisk bbased bcapital bRBC
In bconducting bthe bbusiness band baffairs bof bthe bstate bcompensation binsurance bfund
bit bmust bmeet ball bof bthe bfollowing bcriteria bEXCEPT b- bcorrect banswers✔✔Sell blife
binsurance bcovering bcompensation bbenefits
Who bis bable bto bplace bbusiness bthrough bthe bCalifornia bAutomobile bAssessed bRisk
bProgram? b- bcorrect banswers✔✔Only bagent/brokers blicensed bin bfire band bcasualty
bwho bhave balso bbeen bcertified bthrough bCAARP
