California Property and Casualty Insurance Practices Quiz
Test your knowledge on California insurance practices with these 9 questions covering property, auto, and liability coverage.
#1
Which of the following is a primary type of California Property Insurance?
Health Insurance
Auto Insurance
Homeowners Insurance
Life Insurance
#2
In California, what is the purpose of the California Earthquake Authority (CEA)?
To provide earthquake insurance directly to consumers
To regulate earthquake preparedness
To fund earthquake research
To monitor seismic activities
#3
In California, what is the purpose of the California Low Cost Auto Insurance Program (CLCA)?
To provide free auto insurance to low-income individuals
To regulate auto insurance rates
To offer affordable auto insurance to low-income drivers
To encourage carpooling
#4
In California, what is the minimum liability coverage limit required for auto insurance?
$10,000 for property damage
$15,000 for bodily injury per person
$30,000 for bodily injury per accident
No minimum requirement
#5
What is the purpose of the California FAIR Plan?
To regulate earthquake insurance
To provide property insurance for high-risk applicants
To oversee auto insurance policies
To manage health insurance programs
#6
Which type of property insurance typically covers damage caused by floods in California?
Earthquake Insurance
Homeowners Insurance
Flood Insurance
Auto Insurance
#7
In California, what does 'Replacement Cost' refer to in property insurance?
The cost to repair a damaged property
The current market value of the property
The cost to replace damaged property with new property of like kind and quality
The appraisal value of the property
#8
What is the role of the California Department of Insurance?
To sell insurance policies
To regulate and oversee the insurance industry in the state
To provide insurance coverage for state employees
To conduct insurance fraud investigations
#9
Which California insurance policy covers damage to a business property due to fire, theft, or vandalism?
Commercial Property Insurance
Workers' Compensation Insurance
Professional Liability Insurance
Commercial Auto Insurance
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