Ca Property And Casualty Study Guide - Updated 2024

Each authorized insurer is required to establish a division within the insurer to investigate fraudulent claims. {Ans: True}What policies do NOT have standardized policy forms. {Ans: Umbrella Policies}The miscellaneous type vehicle endorsement provides all of the same coverages available under what? {Ans: The PAP}In order to cover a motorcycle under a personal auto policy what endorsement would you have to add? {Ans: miscellaneous vehicle endorsement.}In California the maximum coverage limit under Uninsured Motorists coverage for property damage is {Ans: $3,500.}Professional liability coverage is excluded on a {Ans: Commercial General Liability policy.}The Special Dwelling form (DP-3) covers collapse, but does the Basic Dwelling form?(DP-1) {Ans: No}A sudden and accidental loss is also known as what? {Ans: Direct loss}If an insured signs a claim form for a claim which is fraudulent, the insured may be found guilty of what? {Ans: Perjury}One of the reasons the DP-2 Broad form dwelling property policy is different from the DP-1 Basic form is it provides coverage for what? {Ans: Additional Living Expense.}