California Property and Casualty
Questions with Complete Correct
Answers | Grade A+
Most workers compensation policies are written for 1 year terms.
Ans: 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:
Ans: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care?
Ans: Managed care
Which of the following could offset the effects of not having a disability income policy:
Ans: cash savings
,Which of the following is NOT one of the three extensions of coverage under the special
form?
Ans: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will the policies
share the loss?
Ans: The claims-made policy will provide excess coverage
A supplemental extended reporting period extends coverage:
Ans: indefinitely
Basic services
Ans: Services that an HMO are required to provide are referred to as which of the following
Risk Retention Groups are:
Ans: liability insurers owned by their policyholders
Barratry
Ans: In Ocean Marine if the captain and crew steal the ship and cargo without the ship-
owners knowledge
, 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?
Ans: 600
Expected or intended losses
Ans: exclusion under the business auto liability coverage
Concealment
Ans: the neglect to communicate that which a party knows and ought to communicate
A disability income policy will do which of the following
Ans: 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.
Ans: true
Under the conversion privilege how long does an insured switching over from a group health
package to a personal health policy have?
Ans: 31 days
Questions with Complete Correct
Answers | Grade A+
Most workers compensation policies are written for 1 year terms.
Ans: 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:
Ans: Dual Authority
HMO's, PPO's, and POS, are referred to as what kind of care?
Ans: Managed care
Which of the following could offset the effects of not having a disability income policy:
Ans: cash savings
,Which of the following is NOT one of the three extensions of coverage under the special
form?
Ans: Collapse
If coverage exists under both an occurrence and a claims-made policy, how will the policies
share the loss?
Ans: The claims-made policy will provide excess coverage
A supplemental extended reporting period extends coverage:
Ans: indefinitely
Basic services
Ans: Services that an HMO are required to provide are referred to as which of the following
Risk Retention Groups are:
Ans: liability insurers owned by their policyholders
Barratry
Ans: In Ocean Marine if the captain and crew steal the ship and cargo without the ship-
owners knowledge
, 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?
Ans: 600
Expected or intended losses
Ans: exclusion under the business auto liability coverage
Concealment
Ans: the neglect to communicate that which a party knows and ought to communicate
A disability income policy will do which of the following
Ans: 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.
Ans: true
Under the conversion privilege how long does an insured switching over from a group health
package to a personal health policy have?
Ans: 31 days
