PSI CA Insurance Test Questions &
Answers 100% pass
What is the procedure regarding change of address for a licensee? - ANSWERSThe
commissioner must be notified immediately of any change in the personal, business, or
email address.
What is the punishment for a person who refuses to deliver books, records, or assets to
the commissioner when subject to a seizure order in an insolvency proceeding? -
ANSWERSNot more than $1000 fine and/or 1 year imprisonment
An agent or representative who issues long term care insurance must NOT do the
following - ANSWERScomplete a total of 10 hours of continuing education if licensed
before January 1st, 2002.
According to the Administrative Procedures Act, what is required to make changes to
the California Insurance Code? - ANSWERSThe Department of Insurance is required to
publish proposed changes at least 45 days prior to the hearing or decision to adopt the
change.
A person who does NOT hold a valid license may NOT do the following -
ANSWERSexamine contracts of insurance.
Which of the following is TRUE regarding nonadmitted insurers? - ANSWERSActing as
an agent for a nonadmitted insurer is considered a misdemeanor.
Which of the following is a party to a contract of insurance bound to communicate
EXCEPT - ANSWERSthose which the other would know by retaining a consultant with
specialized knowledge in insurance matters.
Which of the following is the method wherein a contract of insurance is finalized as
relates to the sales process? - ANSWERSExecution of a contract of insurance
Who is eligible to be an insurer? - ANSWERSAny person, company, organization, or
corporation that is capable of making a contract.
Whether admitted or nonadmitted, how does a "foreign" insurer differ from an "alien" or
"domestic" insurer? - ANSWERSA "foreign" insurer is organized under the laws of
another state within the United States.
All of the following are examples of representation EXCEPT - ANSWERSit may be
altered after the insurance is effected.
