Free Insurance Regulation Practice Questions

California Property Broker-Agent exam (series Property) — 144 practice questions.

Practice Insurance Regulation

Subtopics: Continuing education, Ethics CE, Prelicensing course, License type, Broker versus agent, Regulator, Certificate of authority, Surplus lines, Appointment, Fiduciary funds, Rebating, Misrepresentation, Unfair discrimination, Unfair claims settlement, Insurance fraud, Guaranty association, Rate regulation, Prior approval, Privacy, Examination, License discipline, Notice of address change, Acts requiring license, Producer fee disclosure, Twisting, Solicitor, Controlled business, License number on advertising, Commissioner term limit, Civil penalty, Fair claims acknowledgment, Claim acceptance timeframe, Claim payment timeframe, Access to personal information, Adverse underwriting decision, Guaranty association small claims, Nonadmitted insurer, Unlicensed transaction, Certificate of convenience, Nonresident license, Fraud reporting immunity, Cease and desist, Defamation, Boycott coercion, Concealment, Material misrepresentation, Insurer domicile, Reciprocal exchange, Rate intervention, Annual statement, Transact definition, Unlicensed penalty, Agent definition, Broker presumption, Solicitor appointment, Inactive license, Surrender of license, Background change reporting, Reportable background events, Effective date disclosure, Fictitious names, Name disapproval, Internet advertising, License number type size, CE exemption, Ethics CE content, Prelicensing after AB 943, Shall and may, Notice by mail, Required policy contents, Concealment exceptions, Breach of warranty, Domestic insurer, Nonadmitted insurer risk, Surplus line binding, Surplus line requirement, Advertising nonadmitted insurers, Free insurance, Commissioner vacancy, Willful UPA penalty, Unfair claims practices, Claim file documentation, Department inquiries, Claim status updates, Claim denial notice, Unruh characteristics, Pretext interviews, Seizure order records, CIGA exclusions, CIGA dwelling cap, Fraud warning, Insurer fraud reporting, False claim form, Agent fraud response, Trust account, Classes of insurance, Emergency premium grace, Rebating under Prop 103, Nonresident license basis, Licensing statements, Unfair practices statements, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Boycott, coercion, intimidation, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship

Read the Insurance Regulation study guide

Sample questions & answers

1. A California resident property broker-agent must complete how many CE hours each two-year term?

24 hours

California requires 24 hours of approved continuing education each two-year license term.

2. How many CE hours must a California licensee complete in ethics each renewal cycle?

3 hours

California requires at least 3 hours of ethics CE within the 24-hour renewal requirement.

3. Before a California property license is issued the applicant must complete an ethics and Insurance Code course of at least:

12 hours

A 12-hour ethics and California Insurance Code course, including 1 hour on fraud, is required before licensure.

4. A person who solicits and sells property insurance for compensation in California must hold a:

Property broker-agent license

Section 1626 establishes the property broker-agent license for transacting property insurance.

All Property Broker-Agent topics

Practice: Insurance Regulation

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.