Free Property Casualty Basics Practice Questions
California Personal Lines Broker-Agent exam (series Personal Lines) — 146 practice questions.
Subtopics: Standard fire policy, Residential nonrenewal, Residential cancellation, FAIR Plan, Mandatory earthquake offer, California Earthquake Authority, Standard fire policy text, Earthquake re-offer, FAIR Plan scope, Cancellation reason, Renewal offer notice, Late nonrenewal notice, Nonrenewal notice content, Cancellation notice review, Residential law scope, Cancellation for crime, Renewal after total loss, Wildfire nonrenewal moratorium, Suit limitation disaster, Proof of loss, Appraisal umpire, Vacancy, Insurer cancellation notice, Loss payment timing, Removal coverage, Efficient proximate cause, Willful act, Fire following earthquake, Earthquake as proximate cause, Contingent interest, Dog bite, Pure comparative calculation, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Replacement cost, Coinsurance purpose, Coinsurance penalty math, Coinsurance no penalty, Deductible effect, Named perils, Open perils, Burden of proof, Subrogation, Salvage, Appraisal provision, Pro rata other insurance, Real vs personal property, Negligence, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Absolute liability, Vicarious liability, Comparative negligence, Liability limits, Binder, Endorsement, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Additional insured, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation, Conditions section, Definitions section, Pair or set clause, Inflation guard, Aggregate limit, Combined single limit, Sublimit, Retention, Primary vs excess coverage, Excess other insurance clause, Escape other insurance clause, Flat cancellation, Pro rata cancellation, Short-rate cancellation, Nonrenewal, Liberalization clause, No benefit to bailee, Loss payable clause, Sue and labor, Occurrence trigger, Retroactive date, Extended reporting period, Contributory negligence, Last clear chance, Res ipsa loquitur, Assumption of risk, Negligence per se, General vs special damages, Nominal damages, Direct vs consequential loss, Time element coverage, Catastrophe, Floater, Wear and tear exclusion, Inherent vice exclusion, Mysterious disappearance, Pollution exclusion, Earth movement exclusion, Personal injury offense, Duty to defend, Defense within limits, Statute of limitations, Pure premium, Exposure unit, Reasonable repairs, Actual cash value calculation, Valuation calculation, Other insurance calculation, Pro rata refund calculation, Waiver of subrogation, Mortgage clause, Defense costs, Insurable interest limit, Deductibles, Appraisal, Appraisal costs, Suit against insurer, Insurer repair option, Pair or set, Recovered property, Concealment or fraud, Service agreements, Nuclear hazard, Neglect exclusion, Power failure exclusion, Governmental action
Read the Property Casualty Basics study guide
Sample questions & answers
1. California requires residential fire coverage to be no less favorable than the:
California standard fire policy
California fire coverage must be no less favorable to the insured than the statutory standard form fire policy.
2. An insurer that will not renew a California homeowners policy must give written notice at least how many days before expiration?
75 days
For residential property policies expiring on or after July 1, 2020, Section 678(c) requires a nonrenewal notice at least 75 days before expiration, stating the specific reasons; 45 days still applies to renewal offers.
3. A California homeowners policy in force more than 60 days may be cancelled only for reasons such as:
Nonpayment, fraud, or changes making the property uninsurable
After 60 days (or on a renewal), Section 676 permits cancellation only for nonpayment, conviction of a crime increasing the hazard, fraud or material misrepresentation, grossly negligent acts increasing the hazard, or physical changes making the property uninsurable.
4. The California FAIR Plan provides:
Basic property insurance for hard-to-place risks
The FAIR Plan is a residual market that provides basic property coverage to applicants who cannot obtain it normally.
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Practice: Property Casualty Basics
Answer choices are shuffled every time, and every question comes with an explanation.
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 Insurance Department and the exam administrator before relying on it.
