Ca Property Casualty Insurance Test Questions & Ans Pdf

When may a representation be withdrawn? {Ans: only before the insurance is in effect}If the limit of liability on a structure are $75,000 and the structure is worth$125,000, how much would be owed on fire loss of $50,000 if the policy has an 80% coinsurance requirement(disregard any deductibles?) {Ans: $37,500}• It can be very tempting for commission based insurance salespeople to perform unethical activities in order to make a sale. of the following which would not be a reason why and agent might be tempted to act unethically? {Ans: maintaining the best interest of customers first and foremost}A hoe is damags two hours after an earthquake, first by fire and then by fuel pipes burting and causing an explosion. Under a homeowner's HO3 form: {Ans: there is coverage, but only for the damge caused by the ensuing fire and explosion}Livery conveyance is best described as a {Ans: vehicle for hire to transport people}What is the primary difference between umbrella and excess liability policies/ {Ans: the umbrella covers most liabity exposure; the excess liability will cover only one line}• All of the following factors can be used according to the insurance code in California to