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Free Other Types of Property and Casualty Practice Questions

California Property and Casualty Broker-Agent exam (series Property & Casualty) — 18 practice questions.

Subtopics: FAIR Plan, Mandatory earthquake offer, California Earthquake Authority, Umbrella and excess, Surety bonds, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation

Sample questions & answers

1. Property owners who cannot obtain basic fire coverage in the voluntary market may use the:

California FAIR Plan

The California FAIR Plan is the residual market making basic property and fire insurance available to hard-to-place risks.

2. An insurer issuing a California residential property policy must:

Offer the insured earthquake coverage

California requires insurers to offer earthquake coverage in conjunction with a residential property policy.

3. Residential earthquake policies in California are commonly written through the:

California Earthquake Authority

The California Earthquake Authority is a state-created entity that provides residential earthquake coverage.

4. A commercial umbrella policy generally provides:

Excess limits above underlying policies and may drop down to cover some claims not insured by the underlying policy (subject to a self-insured retention)

An umbrella sits above scheduled underlying coverages, provides higher limits, and may drop down (subject to an SIR) for claims the underlying does not cover.

All Property and Casualty Broker-Agent topics

Practice: Other Types of Property and Casualty

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Pennsylvania Insurance Department and the exam administrator before relying on it.