California P&c Exam -75 Questions And Answers

When can a rate be denied by the department? {Ans: When it is inadequate and excessive}In conducting the business and affairs of the State Compensation Insurance Fund, the president of the fund may do any of the following EXCEPT {Ans: Sell life insurance covering compensation benefits}Which of the following is TRUE regarding a concurrent cause involving perils both covered and non covered? {Ans: Only the peril specified in the policy is covered}Which is an ACCURATE statement regarding the List of Approved Surplus Lines Insurers {Ans: Eligible carriers do not need to file documents with the California Department of Insurance}To which person or organization does a public insurance adjuster promote and represent? {Ans: The insured}No rate shall be approved or remain in effect for the following reasons EXCEPT {Ans: The rate is based on actuary principles}Which of the following is TRUE regarding continuing education requirements of an agent or broker? {Ans: Any licensee shall satisfactorily complete 24 hrs of instruction prior to license renewal}Which of the following modification can be made under a standard fire policy? {Ans: The coverage can substantially be equal or more favorable to the insured}What are the requirements for