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PSI Exam Property and Casualty questions and answers already graded A+ 2024/2025
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PSI Exam Property and Casualty questions and answers already graded A+ 2024/2025
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PSI Exam Property and CasualtyAll of the following are legal activities for the restrained traces vehicle insurance retailers
EXCEPT if the agent - ANSCharges and collects a agents fee for service
Which of the following descries a agreement of reinsurance? - ANSA first insurer problems
insurance to compensate another insurer for losses on contracts issued by that second insurer
A personal traces licensee is an agent-broking who is capable of transact insurance for all of the
following EXCEPT - ANSPersonal Aircraft
All of the following are necessities for figuring out a place that qualifies for Low Cost Automobile
Insurance EXCEPT - ANSThe number of car accidents that arise inside the county
What criteria ought to a person meet so as to be certified to buy a good driver discount policy? -
ANSBeing licensed to power a motor car for the previous three years and has no longer had
greater than 1 violation factor as decided by the CIC
Which of the following ought to be prominently displayed in order that it is able to be with no
trouble inspected at the licensee? - ANSCurrency and capacity
What is the number one characteristic of the California Automotive Assigned Risk Plan? CARRP
- ANSTo placed human beings who've hassle acquiring insurance in contact with insurers who
can be required by way of law to insure them.
Which is NOT a obligation of the Workers Compensation Bureau? - ANSDetermine which
claims are approved and which might be denied.
When can someone who sells actual property require the usage of a selected coverage agent,
broking or solicitor? - ANSA purchaser is constantly ale to pick their coverage consultant
At which factor is someone licensed as a broking-agent deemed to be performing as an
coverage agent? - ANSwhen a observe of appointment is filed with the coverage commissioner
Who should be capable of look at statistics of coverage transactions made available by
agent-agents at any time? - ANSThe Insurance commissioner
Where ought to the cope with be revealed for the primary office that is required for each broker
agent and resident insurance casualty dealer-agent? - ANSApplications for license and
renewals
, How many classes of coverage are described below California coverage regulation which
includes "miscellaneous" and "reserved"? - ANSThere are a total of 20 classes of coverage
underneath CA coverage law with sub lessons
When can a price be denied with the aid of the Department? - ANSwhen it is inadequate and
excessive
A "personal strains" agent or dealer is permitted to transact what type of insurance coverage? -
ANSNoncommercial car and home assets
What is the specified charge discount below an awesome driving force cut price coverage? -
ANS20% beneath the fee the insured could were charged otherwise for the same insurance
Which situation is NOT required to be met for a surplus line dealer to advocate any home nation
insured or applicate that coverage has been, or will be obtained from a nonadmitted insurer? -
ANSAn annual payment as been acquired via the insurer?
Who is permitted to adjust or pay claims in extra of an quantity determined by the comissioner?
- ANSThe coping with fashionable agent
In order for an insurer to contract with the kingdom compensation insurance fund it ought to
meet all of the following criteria EXCEPT - ANSThe insurer has met all ration necessities for
danger primarily based capital RBC
In undertaking the commercial enterprise and affairs of the country reimbursement coverage
fund it need to meet all of the following standards EXCEPT - ANSSell life insurance overlaying
reimbursement advantages
Who is able to place enterprise via the California Automobile Assessed Risk Program? -
ANSOnly agent/agents certified in fireplace and casualty who have additionally been certified
through CAARP
Under the California Vehicle Code all the following are appropriate to fulfill the financial
responsibility requirement EXCEPT - ANSA agency with an escrow account that is licensed to
do business in California
Which portions of records are required to be on all business cards, revealed quotes, and
published commercials distributed solely in the nation? - ANSThe license variety of the licensee
and the word "coverage"
All of the subsequent are a part of the Minimum Liability Insurance Requirements for Private
Passenger Vehicles EXCEPT - ANS5k for medical offerings
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