Which statement is true regarding the sales of the California FAIR plan?

The California FAIR Plan, which stands for Fair Access to Insurance Requirements, is designed to provide basic property insurance to those who are unable to obtain it through the standard market. The program is specifically aimed at insuring high-risk properties that may not be covered by conventional insurance policies.

The correct statement is that all licensed fire and casualty brokers or agents can sell the FAIR Plan. This means that individuals who hold the appropriate licenses and have training in property insurance can offer this plan to consumers. This accessibility allows for a broader distribution of the FAIR Plan and ensures that individuals in need can obtain insurance coverage for their properties.

The options that suggest only life insurance agents or property managers can sell the FAIR Plan are incorrect because this restrictive eligibility would limit the availability of vital insurance to consumers who need it. Furthermore, stating that the FAIR Plan is not available for sale in California is also inaccurate, as the program exists specifically for the purpose of providing insurance to California residents facing challenges in obtaining coverage elsewhere.