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CA Property & Casualty Exam Top Questions and answers, 100% Accurate, rated A
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CA Property & Casualty Exam Top Questions and answers, 100% Accurate, rated A Contributory Plan - Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? - Loss of rental income Comparative Negligence - You can file ...

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  • February 3, 2023
  • 11
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • dp 2
  • ca property amp casualty exam top questions and answers
  • 100 accurate
  • rated a contributory plan used in a group insurance employee and employers share in the paying of premiums dp 1
  • d

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CA Property & Casualty Exam Top
Questions and answers, 100% Accurate,
rated A


Contributory Plan - ✔✔Used in a group Insurance. Employee and employers share in the paying of
premiums



DP-1,DP-2, DP-3 All 3 dwelling forms cover? - ✔✔Loss of rental income



Comparative Negligence - ✔✔You can file a claim, but damages are reduced based on that party's
negligence.



What has a single limit? - ✔✔Property Damage.



Ordinance or law - ✔✔An endorsement for building code upgrades.



What is the penalty for not carrying the amount required in a co-insurance clause? - ✔✔You become a
co-insurer and pay a portion of the loss.



Retroactive date - ✔✔The first date an occurrence would be covered under a claim made CGL policy



Blanket Insurance - ✔✔Used with large groups where the members change frequently and are not
individually named: e.g. Schools, Campgrounds, Charitable groups.



Symbol #7 - ✔✔Specifically described autos.



Tort - ✔✔A wrongful act other than breach of contract or a crime.

, What does DP-1 Cover? - ✔✔Fire, Lighting, and internal explosion.



Endorsement - ✔✔Written agreement attached to a policy to add or subtract insurance overages.



Physical Hazard - ✔✔Distinct characteristic arising from material, structural, or operational features that
increases a chance for loss (i.e being next to explosives.)



What is excluded under CGL? - ✔✔Pollution. With the exception of fuel spilled during normal
operations. Pollutions is normally covered under CPP policies or builders risk.



Third party - ✔✔The injured party. To whom liability insurance pays claims.



What does Hull cover? - ✔✔Covers ship, engine, fuel.



Mexican liability endorsement - ✔✔Excess liability for accidents within 25 miles of the U.S. border (trips
of 10 days or less)



Workers Compensation Insurance. - ✔✔Insurance purchased by employers to cover their employees in
case workers is hurt on the job.



OTC Coverages - ✔✔Earthquake, Flood, Hail, Theft, Hitting an animal, Gunshots. (no collision or upset)



5 basic ways to deal with risk ( S.T.A.R.R.) - ✔✔Sharing,Transfer, Avoidance, Retention, Reduction



Surplus Lines - ✔✔Found in property and casualty insurance. A surplus line broker places insurance with
a non-admitted insurer.



Consequential Loss - ✔✔A consequence of a direct loss. (e.g. a store loses business income after a fire)

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