California Laws and Ethic Pertinent to Insurance Questions and Answers 100% Correct

Which of the following is NOT covered by the Family and Medical Leave Act (FMLA) ?Traveling overseas with a spouse Which of the following acts is NOT a federal offense committed by an insurance agent?Misrepresentation on an insurance application The California Life and Health Insurance GuaranteeAssociation covers all of these types of policies except?Self-Funded Plans What effect did the Pregnancy Discrimination Act have on the health industry?Pregnancy must be treated as any other medical condition Which of the following is NOT an accurate description of access for infants and mothers program (AIM)?Only women who have private insurance plans with maternity-only deductable or copayment greater than $1,500 are eligable Which of the following does the California Department of Insurance (CDI) have NO jurisdiction over?Medicare In California, an insurer organized under the state laws of Oregon is called a (n)Foreign Insurer Who does a life settlement broker represent?Individual wanting to sell their policy to a third party According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium?Materiality Pete is a life agent who has misappropiated fiduciary funds to his own use. What is Pete guilty of?Theft According to the California Insurance Code, what is "insurance"?A Contract People with low income can be provided with medical assistance through whuch program?Medi-cal How long must a policy be in force an insurer is prohibited from denying claims based on missatements made on the health policy application?2 years Kimberly is an employee on leave under the Family and Medical Leave Act (FMLA). What will happen to her group health coverage?She continues to be enrolled during the leave Paul has an existing annuity and is sold a new one, in which the new policy holds no greater financial benefit to him than the existing contract. This is considered a (n)Unecessary Replacement The California Insurance Code requires that an insurer must have enough assests to cover its liabilities and for reinsurance of all outstanding risks. To remain solvent, it must also possess additional assets equal to what amount?Its paid-in capital When an insurer has met the qualifications necessary to transact business in California, it is said to beAdmitted An insurance company entitled to transact business in California is called a (n)