Ca insurance license - Study guides, Class notes & Summaries

CA Adjusters License PSI exam with 100% correct answers | CA Adjusters License PSI with Complete Solutions A business owner who is careless about property left in his care may be guilty of which of the following hazards: Answer Choices: Select the Correct Answer Morale. Moral. Catastrophic. Occupational. - -Morale. is correct. EXPLANATION: A morale hazard is one created by carelessness or indifference, the failure to exercise due care. A moral hazard is one deliberately created by an ...

CA DMV Fines and Limits Latest Exam Questions and Answers 100% Solved If a California driver has had his or her license suspended for 10 months following multiple DUI convictions, which of the following can allow that driver to regain his or her driving privileges? installation of interlock devices What is the minimum property damage coverage requirement for an auto insurance policy on a California vehicle? 5000 In California, a DUI conviction will remain on a driver's driving record...

CA Life, Accident, Health Test 100% Correct Solved Which of the following would not be accomplished with the purchase of an insurance policy? - Correct Answer ️️ -Risk is eliminated Individuals become eligible for Medicare Part A benefits at what age? - Correct Answer ️️ -65 At what point does a self-insured group qualify for a stop-loss coverage? - Correct Answer ️️ -When claims exceed a specified limit in a set period of time What percentage of eligible employees must partic...

according to the CA department of Insurance which term is mandatory? - CORRECT ANSWER Shall According to the CA department of Insurance which term is permissive - CORRECT ANSWER May when advertising on the internet in CA. An agent or broker must provide all the following except? - CORRECT ANSWER Expiration date of License why is having a large number of similar exposure units important to insurers? - CORRECT ANSWER the greater the number of insured's the more ...

Auto insurance Practice test Questions And Answers What type of coverage is provided by an inland marine policy? - ANS Open or all risk coverage - Inland marine policies have only a few limited exclusions. Any person who transacts insurance without a valid license is: - ANS Guilty of a misdemeanor, Subject to a fine not exceeding $50,000 and/or imprisonment, Subject to imprisonment in county jail for a period not exceeding one year. For homes subject to the state & defensible s...

Farm Labor Contractor Exam Questions With Verified And Updated Solutions. How often are FLCs required to take CA farm labor contractor exams? - answerEvery two years True or False: You can sell or transfer any part of the profits of your business unless the Labor Commissioner gives written consent. - answerFalse. You cannot sell or transfer any parts unless you have written consent. True or False: You must not transfer your FLC federal registration certificate to anyone else. - answerTru...

ACTUAL FINAL EXAM CA CALIFORNIA LIFE INSURANCE (ELABORATED QUESIONS AND ANSWERS) According to the California Insurance Code, what is "insurance"? - CORRECT ANSWER-A contract Which of these statements correctly describes risk? - CORRECT ANSWER-Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - CORRECT ANSWER-Statement that all values and benefits are guaranteed An agent...

CA Adjusters License PSI Exam || All Questions & Solutions (100% Verified) CA Adjusters License PSI Exam || All Questions & Solutions (100% Verified) Other structures are excluded from coverage under the HO-3 when they are: Smaller than 100 square feet or larger than 1,000 square feet Smaller than 100 square feet or larger than 500 square feet Used for storage purposes Used for business purposes - ANSWER - Used for business purposes is correct. EXPLANATION: When the other structur...

Fred Loya Limited Lines State Test Questions With Verified Answers What course of action does a party to a contract have if the other party is found to be in breach of that contract? - answerDamages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - answerimplied warranty What does it mean if an agent's license is inactive? - answerthe a...

CA Property and Casualty Insurance Practice Exam Complete Solutions 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...