True or False: A personal lines licensee may offer coverage beyond existing auto or residential policies.

A personal lines licensee is specifically allowed to offer various types of insurance coverage, including auto and residential policies. This means they can indeed provide coverage that goes beyond just those existing policies, as long as they are managing personal lines insurance. Personal lines insurance encompasses a range of coverages tailored for individual consumers, which can include personal property, liability, and even specialty insurance products.

Offering additional coverage can be essential for meeting the unique needs of clients, such as personal umbrella policies or renters insurance, which can effectively enhance the protection extended through standard auto or residential policies. Thus, it is accurate to say that a personal lines licensee may offer coverage beyond these existing policies. This flexibility allows the licensee to better serve diverse client requirements and enhance overall insurance protection strategies.