Ca Property And Casualty Insurance Practice Exam Questions And Answers (75 Questions) Latest 2024

Which of the following is TRUE regarding the application and renewal of the limited lines automobile insurance agent license? 1. The fees and process are the same as for a personal lines licensee. 2. There are no fees for filing the application or renewal applications for the license. 3. The limited lines agent is ineligible to become a property or casualty broker-agent. 4. The agent must pass an examination on the insurance code and products, but not ethics. {Ans: 1. The fees and process are the same as for a personal lines licensee.}A personal lines licensee is an agent-broker who is able to transact coverage for all of the following EXCEPT 1. personal aircraft. 2. earthquake and flood. 3. residential property. 4. automobiles and recreational vehicles. {Ans: 1. personal aircraft.}All of the following are TRUE In reference to an insurance binder EXCEPT 1. it is proof of coverage. 2. it provides coverage pending issuance of a policy. 3. it remains valid until a policy has been delivered. 4. it includes all terms and endorements applicable to the policy. {Ans: 3. it remains valid until a policy has been delivered.}Under the California Vehicle Code all of the following