PSI CA Property and Casualty Practice Examination Questions and answers, 100% Accurate, rated A
7 views 1 purchase
Course
PSI CA Property and Casualty
Institution
PSI CA Property And Casualty
PSI CA Property and Casualty Practice Examination Questions and answers, 100% Accurate, rated A
1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - -The loan recipient may always select a particular agent or br...
psi ca property and casualty practice examination questions and answers
100 accurate
as a condition of making a loan
require that any insurance be placed through a partic
Written for
PSI CA Property and Casualty
All documents for this subject (13)
Seller
Follow
QuickPass
Reviews received
Content preview
PSI CA Property and Casualty Practice
Examination Questions and answers,
100% Accurate, rated A
1 Can a lender, as a condition of making a loan, require that any insurance be placed through a
particular insurance agent or broker? - ✔✔-The loan recipient may always select a particular agent or
broker of their choosing
2 A claimant can be any of the following EXCEPT - ✔✔-EXCEPT a person who is conducting an
investigation of a claim on behalf of an insurer
3 All of the following are to be specified in an insurance policy EXCEPT - ✔✔-EXCEPT the financial rating
of the insured
4 Which of the following provisions of free insurance offered as an incentive to purchase or rent
property is TRUE? - ✔✔-It requires a separate charge or fee
5 What is the method used for placing business with the California Automobile Assigned Risk Program? -
✔✔-The percentage of CAARP policies required is equal to the percentage of regular insurance policies
the insurer has issued within the State
6 Whether admitted or nonadmitted, how does a "foreign" insurer differ from an "alien" or "domestic"
insurer? - ✔✔-A "foreign" insurer is organized under the laws of another state within the United States
7 All of the following are reasons employers liability insurance is needed in addition to workers'
compensation insurance EXCEPT - ✔✔-EXCEPT to pay medical bills
8 What is the purpose of the experience modification system in the California workers' compensation
experience rating system? - ✔✔-It expresses a particular company's loss or claims history as a
percentage to all other companies in the industry
, 9 Which form of negotiation is covered under the definition of "transact" as applied to insurance? - ✔✔-
Negotiations preliminary to execution
10 Which type of coverage protects against loss caused by earth movement? - ✔✔-A stand-alone
Earthquake Insurance policy specifically insuring against loss caused by land subsidence
11 Which circumstances in a pretext interview determine if the questions are permissible? - ✔✔-When
an insured is consulted by a person who hides his true identity on purpose when fraud for a claim is
suspected
12 Which is TRUE regarding expectant or contingent interest? - ✔✔-Expectant or contingent interest
does NOT constitute insurable interest
13 "Person" means all of the following EXCEPT - ✔✔-EXCEPT an organizational trust
14 Which of the following is TRUE regarding continuing education requirements of an agent or broker? -
✔✔-Any licensee shall satisfactorily complete 24 hours of instruction prior to license renewal.
15 Except in a case where the property is being held as a carrier or depository, what is the insurable
interest is measured by? - ✔✔-EXCEPT The extent to which the insured would be damnified by loss or
injury to the property
16 All of the following are included as definitions of "transact" as applied to insurance EXCEPT - ✔✔-
EXCEPT underwriting
17 At which point is a person licensed as a broker-agent deemed to be acting as an insurance agent? -
✔✔-when a notice of appointment is filed with the insurance commissioner
18 How may a license be surrendered by the insuree, or terminated by the employer? - ✔✔-Personally
delivering the license to the insurance commissioner, or by written notice form the employer.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QuickPass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
