CALIFORNIA PROPERTY AND CASUALTY INSURANCE EXAM
2024/2025
What is the required rate discount under a Good Driver Discount policy?
- Precise Answer ✔✔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 - Precise Answer ✔✔Charges
and collects a brokers fee for service
What is the procedure for refusing uninsured motorist coverage in a
liability policy? - Precise Answer ✔✔Prior to issuance or renewal, the
insured may state in writing that they do not want the coverage
How many classes of insurance are defined under California Insurance
Law, including "miscellaneous" and "reserved" - Precise Answer
✔✔There are a total of 20 classes of insurance defined under California
Law, with many sub-classes.
When can a person who sells real property require the use of a specific
insurance agent, broker or solicitor? - Precise Answer ✔✔A buyer is
always able to choose their own insurance representative
, All the following are requirements for determining an area that qualifies
for Low Cost Automobile Insurance EXCEPT - Precise Answer ✔✔The
number of auto accidents that occur within the country
Which of the following describes a contract of reinsurance? - Precise
Answer ✔✔The first insurer issues insurance to compensate another
insurer for losses on contracts issued by that second insurer
The managing General Agent negotiates and binds ceding Insurance on
behalf of whom? - Precise Answer ✔✔The insurer
All of the following are duties of a Managing General Agent EXCEPT -
Precise Answer ✔✔Delivering policies to the insured
Who is able to place business through the California Automobile
Assessed Risk Program? - Precise Answer ✔✔Only agent/brokers
licensed in fire and Casualty who have also been certified through
CAARP
Can a lender, as a condition of making a loan, require that any insurance
be placed through a particular insurance agent or broker? - Precise
Answer ✔✔The loan recipient may always select a particular agent or
broker of their choosing
All of the following apply to "Approved of Insurance Rates" EXCEPT -
Precise Answer ✔✔A commissioner shall notify the public of a rate
change after it has been approved
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