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  • PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION WITH DETAILED ANSWERS

PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION WITH DETAILED ANSWERS

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PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION WITH DETAILED ANSWERS What is the purpose of the experience modification system in the California workers' compensation experience rating system? - ANSWER-It expresses a particular company's loss or claims history as a percentage to all other companies in the industry Which form of negotiation is covered under the definition of "transact" as applied to insurance? - ANSWER-Negotiations preliminary to execution Which type of coverage protects against loss caused by earth movement? - ANSWER-A stand-alone Earthquake Insurance policy specifically insuring against loss caused by land subsidence Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - ANSWER-The loan recipient may always select a particular agent or broker of their choosing What is the method used for placing business with the California Automobile Assigned Risk Program? - ANSWER-The percentage of CAARP policies required is equal to the percentage of regular insurance policies the insurer has issued within the State Whether admitted or nonadmitted, how does a "foreign" insurer differ from an "alien" or "domestic" insurer? - ANSWER-A "foreign" insurer is organized under the laws of another state within the United States A claimant can be any of the following EXCEPT - ANSWER-EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer

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    09 April 2024

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    17 October 2025

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    PSI CA PROPERTY AND CASUALTY PRACTICE EXAMINATION WITH DETAILED ANSWERS What is the purpose of the experience modification system in the California workers' compensation experience rating system? ANSWER It expresses a particular company's loss or claims history as a percentage to all other companies in the industry Which form of negotiation is covered under the definition of "transact" as applied to insurance? ANSWER Negotiations preliminary to execution Which type of coverage protects against loss caused by earth movement? ANSWER A stand alone Earthquake Insurance policy specifically insuring against loss caused by land subsidence Can a lender as a condition of making a loan require that any insurance be placed through a particular insurance agent or broker? ANSWER The loan recipient may always select a particular agent or broker of their choosing What is the method used for placing business with the California Automobile Assigned Risk Program? ANSWER The percentage of CAARP policies required is equal to the percentage of regular insurance policies the insurer has issued within the State Whether admitted or nonadmitted how does a "foreign" insurer differ from an "alien" or "domestic" insurer? ANSWER A "foreign" insurer is organized under the laws of another state within the United States A claimant can be any of the following EXCEPT ANSWER EXCEPT a person who is conducting an investigation of a claim on behalf of an insurer

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