Caarp - Study guides, Class notes & Summaries

California Property and Causality Practice Exam A Level with Accurate Solution When can a person who sells real property require the use of a specific insurance agent, broker or solicitor? 1. As a condition precent to the sale of such real property. 2. When a buyer's credit score is below the lender's threshold. 3. A buyer is always able to choose their own insurance representative. 4. When it is required by local municipal regulation. - A buyer is always able to choose their...

PSI Exam Property and Casualty Questions and Answers 100% pass All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - Correct Answer ️️ -A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-b...

PSI Exam Property and Casualty Questions and Answers 100% pass All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - Correct Answer ️️ -A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-b...

PSI CA Property and Casualty Practice Examination All Answers 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? 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 ...

PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION WITH DETAILED ANSWERS What is the purpose of the experience modification system in the California workers' compensation experience rating system? - ANSWER-It expresses a particular company's loss or claims history as a percentage to all other companies in the industry Which form of negotiation is covered under the definition of "transact" as applied to insurance? - ANSWER-Negotiations preliminary to execution Which type of coverage...

PSI Exam Property and Casualty Verifed Solutions All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who is able to transact coverage for all the following E...

All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - ANSWER Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - ANSWER A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who is able to transact coverage for all the following EXCEPT - ANSWER Personal Aircraft ...

California Property and Casualty Insurance Exam With Complete Solution What is the required rate discount under a Good Driver Discount policy? - 20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Charges and collects a brokers fee for service What is the procedure for refusing uninsured motorist coverage in a liability policy? - Prior to issuan...

P&C California Exam Questions pool (Answered) Graded A What is the purpose of the California Fair Access to Insurance Requirements program? 1. to provide superior coverage for California property owners 2. to ensure comparable rates between insurance companies 3. to manage taxpayer monies set aside to subsidize insurance for the poor 4. to help property owners who are unable to obtain coverage through the private sector on their own - -to help property owners who are unable to...

PSI Exam Property and Casualty questions and answers 100% guaranteed success. All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - correct answers.Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - correct answers.A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines lice...