1. Exam Prep
  2. California
  3. Property Broker-Agent
  4. Dwelling Policy Concepts

Free Dwelling Policy Concepts Practice Questions

California Property Broker-Agent exam (series Property) — 17 practice questions.

Subtopics: Mandatory earthquake offer, Earthquake offer timing, California Earthquake Authority, Earthquake acceptance period, Eligibility, DP-1 basic, DP-3 special, Coverage A, Coverage B, Coverage C, Fair rental value, Additional living expense, Theft not covered, No liability in base, Inflation guard, Dwelling under construction, Extended coverage perils

Sample questions & answers

1. 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.

2. If a California homeowner does not accept the earthquake offer, the insurer must re-offer the coverage:

On an every-other-year basis

If the offer is not accepted, the insurer must re-offer earthquake coverage on an every-other-year basis.

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

California Earthquake Authority

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

4. A California homeowner generally has how long to accept a mailed offer of earthquake coverage before it is presumed declined?

30 days

The statutory earthquake offer notice gives the insured 30 days from mailing to accept before it is presumed not accepted.

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Practice: Dwelling Policy Concepts

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.