California property and casualty Study guides, Class notes & Summaries

California property and casualty exam Questions and Answers (Verified Answers) 555 Questions

Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident?

PSI CA Property & Casualty Practice Examination 25 Questions and Correct Solutions 2024 1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - 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 - Answer -EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 3 All of the following are to be...

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...

California Property and Casualty Exam Questions with Verified Solutions 2024 Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Answer -Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - Answer -Three years Workers Comp. Part. I ...

California property and casualty exam with Correct Solutions 2024 Updated The process where by a mutul insurer becomes a stock company is called - Answer -Demutalization The process whereby a stock company a mutal insurer is called - Answer -Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Answer -Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - An...

MO Property and Casualty Exam Questions with Correct Solutions 2024 Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? - Answer -Liability coverage What are the two types of compensatory damages? - Answer -Special and general Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damaged property from furt...

California Property And Casualty Exam With Latest Updated Solutions 2024 The process where by a mutul insurer becomes a stock company is called - correct answer.Demutalization The process whereby a stock company a mutal insurer is called - correct answer.Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - correct answer.Valuation clause The part of the policy that states the amout of cov...

The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declaration Part of the policy that establishes limits upon the insurer and the insured with the ins...

What is the name of the insurance principle that refers to an insurer giving up its right to recover money or damages paid out to the insured from another party? A. Subrogation B. Subrogree Waiver C. Waiver of subrogation D. SubrogorC. Waiver of subrogation Which portion of an insurance policy states that the insurance company will make payment in the event a covered loss occurs? A. Insuring agreement B. Declarations C. Exclusions D. Conditions E. CompensatoryA. Insuring agreement