Question 20

Insurer reaction to the Commissioners plan was positive. The Los Angeles Times quotes the president of the Personal Insurance Federation commenting, It is ___________ clear the current system is not working properly. Todays actions are an important first step in stabilizing Californias insurance market.

Group of answer choices

painfully

sadly

finally

crystal

Flag question: Question 21Question 211 pts

The white paper provides a gloomy picture of Californias homeowners insurance market. An analysis of the last 25 years of homeowners insurance market data in California leads to two conclusions. First, despite having the largest population and number of housing units, California has ______ fewer homeowners insurance company groups writing business compared to similar states. Second, premium volume written by new California market entrants is historically smaller than comparable states.

Group of answer choices

31 %

25%

20%

Question 22

What is the form used for Commercial Auto

Group of answer choices

137

125

126

90

Question 23

Which Acord form would you use to get General Liability ?

Group of answer choices

126

137

125

137

Question 24

Surplus line direct written premiums reached a record _____________________ in 2022. Surplus line premium growth was led by commercial property, commercial auto, umbrella and excess liability, cyber, and professional liability coverages.

Group of answer choices

98.5 Billion

98.5 Million

9.5 Billion

9.5 Million

Question 25

The consumer groups testified that they are not opposed to the use of models in ratemaking, however, they are opposed to models developed by _________ companies.

Group of answer choices

private

public

rating

strong

Question 26

Insurance company associations contended that the departments current regulations have a bias to understate risk. The associations asserted that models provide_______________ to insurers and consumers.

Group of answer choices

confidence

accurancy

proof

Question 27

Does the Acord 80 ask about bankrupties?

Group of answer choices

True

FalseQuestion 28

Modeling companies said that their ________ use sophisticated scientific analysis to determine wildfire risk. They contended that the use of models helps insurers achieve an accurate and fair assignment of risk to insured properties.

Group of answer choices

models

examples

calculations

Question 29

How many pages are there to an Acord 80?

Group of answer choices

6

5

4

7

Question 30

What kind of quote do you want if you are filing out an Acord 80?

Group of answer choices

Home owners

Renters

Auto

Umbrella

Question 31

How many pages are there to an Acord 90?

Group of answer choices

4

5

6

10

Question 32

SB 55. - prohibits motor vehicle dealers from selling a vehicle equipped with a catalytic converter unless the converter has been _____________ marked with the vehicle identification number, subject to specified exceptions.

Group of answer choices

permanently

temporary

secretly

colorfully

Question 33

SB 743 would amend the statute which _________ an insurer to provide a warning about presenting false or fraudulent information so that the requirement does not apply to every policy change, but instead applies to any form that seeks to amend insurance coverage, or furnishes information relating to underwriting criteria affecting premium or eligibility for coverage, under an existing policy.

Group of answer choices

requires

allows

orders

tells

Question 34

1140. clarifies that the revised minimum motor vehicle liability limits of ________________________________- only apply to insurance policies issued or renewed on or after January 1, 2025.pply to motor vehicle insurance policies issued or renewed on or after January 1, 2025.

Group of answer choices

$30,000/$60,000/$15,000

$20,000/$40,000/$15,000

$30,000/$60,000/$30,000

$15,000/$60,000/$15,000

Question 35

AB 917. removes the sunset date on the low-cost automobile insurance program, thereby making the program _____________

Group of answer choices

permanent

disband

bad

good