PSI CA Property & Casualty Practice Test
Updated 2025 Questions and Answers
Verified Solutions| Graded A+
Terms in this set (75) QUIZZES VERIFIED ANSWERS
1. Which would permit an insurer to escape possession of assets equal to the
insolvency? total paid-in capital after all
liabilities and reinsurance
2. When should an insurer provide for the if admitted to do business in this
continuous operation of a unit or division to tate, except those otherwise
investigate possible fraudulent claims? exempted
3. What is the maximum fine for a person who $50,000 and/or imprisonment
transacts insurance without a valid license? for a period not exceeding one
year.
4. Which of the following is TRUE regarding non acting as an agent for a non
admitted insurers? admitted insurer is considered a
misdemeanor
, 5. Which circumstances in a pretext interview when an insured is consulted by
determine if the questions are permissible? a person who hides his true
identity on purpose when fraud
for a claim is suspected
6. A policy shall specify all of the following the method in which the
EXCEPT coverage amount was calculated
7. A claimant can be any of the following a person who is conducting an
EXCEPT investigation of a claim on
behalf of an insurer.
8. Which of the following is TRUE regarding any licensee shall satisfactorily
continuing education requirements of an agent complete 24 hours of instruction
or broker? prior to license renewal
9. According to CIC Section 1711, an upon the termination of all
organization ceases to exist as an entity contracts
eligible to hold a license EXCEPT
10. Which of the following provisions of free it requires a separate charge or
insurance offered as an incentive to purchase fee
or rent property is TRUE?
11. When may a representation be altered or before the insurance is effected
withdrawn?
12. Which of the following is a party to a contract those which the other would
of insurance bound to communicate EXCEPT know by retaining a consultant
with specialized knowledge in
Updated 2025 Questions and Answers
Verified Solutions| Graded A+
Terms in this set (75) QUIZZES VERIFIED ANSWERS
1. Which would permit an insurer to escape possession of assets equal to the
insolvency? total paid-in capital after all
liabilities and reinsurance
2. When should an insurer provide for the if admitted to do business in this
continuous operation of a unit or division to tate, except those otherwise
investigate possible fraudulent claims? exempted
3. What is the maximum fine for a person who $50,000 and/or imprisonment
transacts insurance without a valid license? for a period not exceeding one
year.
4. Which of the following is TRUE regarding non acting as an agent for a non
admitted insurers? admitted insurer is considered a
misdemeanor
, 5. Which circumstances in a pretext interview when an insured is consulted by
determine if the questions are permissible? a person who hides his true
identity on purpose when fraud
for a claim is suspected
6. A policy shall specify all of the following the method in which the
EXCEPT coverage amount was calculated
7. A claimant can be any of the following a person who is conducting an
EXCEPT investigation of a claim on
behalf of an insurer.
8. Which of the following is TRUE regarding any licensee shall satisfactorily
continuing education requirements of an agent complete 24 hours of instruction
or broker? prior to license renewal
9. According to CIC Section 1711, an upon the termination of all
organization ceases to exist as an entity contracts
eligible to hold a license EXCEPT
10. Which of the following provisions of free it requires a separate charge or
insurance offered as an incentive to purchase fee
or rent property is TRUE?
11. When may a representation be altered or before the insurance is effected
withdrawn?
12. Which of the following is a party to a contract those which the other would
of insurance bound to communicate EXCEPT know by retaining a consultant
with specialized knowledge in
