Psi ca property - Study guides, Class notes & Summaries

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 specified in an insurance policy EXCEPT - ANSWER EXCEPT the financial rating of the insured

PSI CA Property and Casualty Practice Examination

PSI CA Property and Casualty Practice PSI Exam Solved 100% Correct Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSExclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pa...

PSI CA Property and Casualty Practice Exam 2024 Solved 100% Correct Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - ANSAdverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - ANS - ANS One party intentionally omits information fr...

PSI CA Property and Casualty Practice Exam Solved 100% Correct A representation as to the past, present, or future is a/an: A) Warranty B) Verified Promise C) Unverified fact D) Misrepresentation - ANSB When must insurance agents or brokers; make insurance records available to the insurance Commissioner? A) At all times B) One month after policy issuance C) Within 30 days of a written request by the Commissioner D) Annually, and submitted with the proper paperwork - ANSA Records may...

PSI CA Property and Casualty Insurance Practice Exam Solved 100% Correct 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 p...

PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION QUESTIONS WITH COMPLETE VERIFIED GRADED A+ 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...

PSI CA Property and Casualty Practice Examination Questions and Answers 100% 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? - Correct 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 - Correct Answer ️️ -EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer 3 All ...

PSI CA Property and Casualty Practice Examination

PSI CA IOWA Property and Casualty Practice Exam 2023 Solved 100% Correct $10,000 - ANSThe maximum fine for failing to adhere to a cease and desist order The Insurance Commissioner - ANSThe business of insurance is regulated in Iowa by The producer's license will automatically terminate at expiration - ANSIf a producer fails to comply with the Iowa continuing education requirements Nonadmitted companies - ANSSurplus lines producers place coverage with 30 days - ANSA producer must notify...