Ca property and casualty - Study guides, Class notes & Summaries

PSI CA Property and Casualty Practice Examination

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 w...

CA Property and Casualty Insurance Practice Exam.

CA Property and Casualty Insurance Practice Exam 100% answered

CA Property and Casualty Insurance Practice Exam with Verified Solutions 2024 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...

CA Property and Casualty Insurance Practice Exam.

PSI CA Property and Casualty Practice Exam Solved 100% Correct A representation as to the past, present, or future is a/an: A) Warranty B) Verified Promise C) Unverified fact D) Misrepresentation - ANSB When must insurance agents or brokers; make insurance records available to the insurance Commissioner? A) At all times B) One month after policy issuance C) Within 30 days of a written request by the Commissioner D) Annually, and submitted with the proper paperwork - ANSA Records may...

PSI CA Property and Casualty Practice Examination Questions and Answers 100% Correct 1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - Correct Answer ️️ -The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of the following EXCEPT - Correct Answer ️️ -EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 3 All ...

PSI CA Property and Casualty Practice Exam 2024 Solved 100% Correct Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - ANSAdverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - ANS - ANS One party intentionally omits information fr...