California property - Study guides, Class notes & Summaries

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 covers: All sums the insurer is required to pay by state law ...

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 - ANSWER Declaration Part of the policy that establishes limits upon the in...

california property and casualty exam questions and answers 100% pass 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 coverag...

CALIFORNIA PROPERTY AND CASUALTY INSURANCE EXAM 2024/2025

When can a person who sells real property require the use of a specific insurance agent, broker or solicitor? 1. As a condition precent to the sale of such real property. 2. When a buyer's credit score is below the lender's threshold. 3. A buyer is always able to choose their own insurance representative. 4. When it is required by local municipal regulation. - ANSWER A buyer is always able to choose their own insurance representative. Unless otherwise specified in the insuranc...

Other structures are excluded from coverage under the HO-3 when they are: Smaller than 100 square feet or larger than 1,000 square feet Smaller than 100 square feet or larger than 500 square feet Used for storage purposes Used for business purposes correct answersUsed for business purposes is correct. EXPLANATION: When the other structures are used for business purposes they are not covered under the homeowner form. This structure and its contents could be covered under a commercial p...

California Property and Casualty Exam Questions and Answers 100% Pass 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 - Correct 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 - Correct Answer ️️ -Three years...

California Property and Casualty Insurance Test Questions and Answers Rated A The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property. The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or rest...

California Property & Casualty Exam (2024)

California Property and Casualty Exam Questions and Answers 100% Pass Most workers compensation policies are written for 1 year terms. - Correct Answer ️️ - true A person licensed as either a property and casualty agent/broker or as an accident and health agent may be authorized to transact disability insurance for an admitted insurer by filing a notice of appointment from that insurer. This is known as: - Correct Answer ️️ -Dual Authority HMO's, PPO's, and POS, are referred to...