age 1 of 58
CA Property and Casualty Insurance Practice Exam
QUESTIONS AND ANSWERS 100% PASS
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.
,age 2 of 58
......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?
,age 3 of 58
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.
, age 4 of 58
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. A licensee who is 65 years or older shall be exempt from
continuing education hours if reputation of agent or broker is in
good standing for 25 years. ......ANSWER........1. Any licensee
shall satisfactorily complete 24 hours of instruction prior to
license renewal.
Which is an ACCURATE statement regarding the List of
Approved Surplus Lines Insurers?
CA Property and Casualty Insurance Practice Exam
QUESTIONS AND ANSWERS 100% PASS
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.
,age 2 of 58
......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?
,age 3 of 58
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.
, age 4 of 58
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. A licensee who is 65 years or older shall be exempt from
continuing education hours if reputation of agent or broker is in
good standing for 25 years. ......ANSWER........1. Any licensee
shall satisfactorily complete 24 hours of instruction prior to
license renewal.
Which is an ACCURATE statement regarding the List of
Approved Surplus Lines Insurers?
