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California Property and Casualty Questions
with Answers (100% Correct Answers)
Most workers compensation policies are written for 1 year terms. Answer: true
A person licensed as either a property and casualty agent/broker or as an
accident and health agent may be authorized to transact disability insurance for
an admitted insurer by filing a notice of appointment from that insurer. This is
known as: Answer: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care? Answer:
Managed care
Which of the following could offset the effects of not having a disability income
policy: Answer: cash savings
Which of the following is NOT one of the three extensions of coverage under
the special form? Answer: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will
the policies share the loss? Answer: The claims-made policy will provide excess
coverage
A supplemental extended reporting period extends coverage: Answer:
indefinitely
Basic services Answer: Services that an HMO are required to provide are
referred to as which of the following
Risk Retention Groups are: Answer: liability insurers owned by their
policyholders
Barratry Answer: In Ocean Marine if the captain and crew steal the ship and
cargo without the ship-owners knowledge
, 2
If the insured must rent a car because his was stolen, what is the maximum
dollar amount of coverage available under the commercial auto policy?
Answer: 600
Expected or intended losses Answer: exclusion under the business auto liability
coverage
Concealment Answer: the neglect to communicate that which a party knows
and ought to communicate
A disability income policy will do which of the following Answer: Replace a
portion of the insureds income if they become disabled
Long-term care policies may not be cancelled or non-renewed on the grounds
of age. Answer: true
Under the conversion privilege how long does an insured switching over from a
group health package to a personal health policy have? Answer: 31 days
Which of the following would NOT be considered an insured under the
homeowner's policy? Answer: 65 year old uncle residing off the premises
Organizers of HMOs include commercial insurers, hospitals, employers,
unions, and local communities. Answer: true
Disability income insurance Answer: type of disability insurance that provide
benefits if someone becomes ill and is unable to work
permanent total Answer: is the most sever type of disability
Bodily injuries Answer: usually excluded under errors and omissions insurance
The period of time when no benefits are paid is called the black out period
Answer: true
In addition to ISO a commercial crime program falls under Jurisdiction of
Answer: Surety Association of America
California Property and Casualty Questions
with Answers (100% Correct Answers)
Most workers compensation policies are written for 1 year terms. Answer: true
A person licensed as either a property and casualty agent/broker or as an
accident and health agent may be authorized to transact disability insurance for
an admitted insurer by filing a notice of appointment from that insurer. This is
known as: Answer: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care? Answer:
Managed care
Which of the following could offset the effects of not having a disability income
policy: Answer: cash savings
Which of the following is NOT one of the three extensions of coverage under
the special form? Answer: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will
the policies share the loss? Answer: The claims-made policy will provide excess
coverage
A supplemental extended reporting period extends coverage: Answer:
indefinitely
Basic services Answer: Services that an HMO are required to provide are
referred to as which of the following
Risk Retention Groups are: Answer: liability insurers owned by their
policyholders
Barratry Answer: In Ocean Marine if the captain and crew steal the ship and
cargo without the ship-owners knowledge
, 2
If the insured must rent a car because his was stolen, what is the maximum
dollar amount of coverage available under the commercial auto policy?
Answer: 600
Expected or intended losses Answer: exclusion under the business auto liability
coverage
Concealment Answer: the neglect to communicate that which a party knows
and ought to communicate
A disability income policy will do which of the following Answer: Replace a
portion of the insureds income if they become disabled
Long-term care policies may not be cancelled or non-renewed on the grounds
of age. Answer: true
Under the conversion privilege how long does an insured switching over from a
group health package to a personal health policy have? Answer: 31 days
Which of the following would NOT be considered an insured under the
homeowner's policy? Answer: 65 year old uncle residing off the premises
Organizers of HMOs include commercial insurers, hospitals, employers,
unions, and local communities. Answer: true
Disability income insurance Answer: type of disability insurance that provide
benefits if someone becomes ill and is unable to work
permanent total Answer: is the most sever type of disability
Bodily injuries Answer: usually excluded under errors and omissions insurance
The period of time when no benefits are paid is called the black out period
Answer: true
In addition to ISO a commercial crime program falls under Jurisdiction of
Answer: Surety Association of America
