Final answer:
A personal lines licensee can transact insurance coverage for earthquake and flood, residential property, and automobiles and recreational vehicles, but typically not for personal aircraft, the latter often requiring additional expertise.
Step-by-step explanation:
An occupational license is a type of license issued by government agencies that signifies a professional has completed certain education or testing requirements. In the context of insurance, a personal lines licensee is an agent or broker who is authorized to transact specific types of insurance coverage. Among the listed options, the personal lines licensee is typically not able to transact coverage for personal aircraft, as this is a specialized area of insurance that often requires additional expertise or certification. Coverage for earthquake and flood, residential property, and automobiles and recreational vehicles are common areas that a personal lines licensee would handle, so these are the types of products where they can underwrite policies, collect premiums, and provide risk management advice to clients who are part of a risk group.
It is important to understand the variety of insurance products and the scope of a personal lines licensee's work. Some complex risks, such as those associated with personal aircraft, might be beyond the scope of their standard occupational license and may require specialized insurance products or additional qualifications.